Sponsors of the cannabis banking bill that passed the U.S. House appeal to the chair of a key U.S. Senate panel, lenders provide Cresco Labs $200 million in debt financing, police urge Denver marijuana store owners to take added security measures – and more of the week’s top MJ business news. Marijuana banking reform The four […]
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Cannabis firms cautiously optimistic New York could legalize adult-use sales this year
New York Gov. Andrew Cuomo has revived the prospects for legalizing recreational marijuana sales in 2020 through the state’s Legislature, but cannabis businesses are taking a tentative approach after legalization efforts failed a year ago and similar sticking points remain. If the state approves adult-use cannabis sales, it is expected to create a multibillion-dollar recreational […]
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Two years in, California’s legal marijuana businesses struggle with financial woes as they battle illicit market
Licensed California cannabis companies face a business climate that’s arguably more dire than ever before, despite the hope that came with the launch of legalized adult-use sales in January 2018.
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US federal cannabis reform outlook: Progress expected in 2020, but distractions, high hurdles persist
President Trump’s impeachment trial, the upcoming elections, Iran and trade wars. That’s a lot of distractions for federal lawmakers, and they represent some of the big reasons why many experts suggest major cannabis reform at the federal level is dead for 2020. But is it?
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Illinois social equity cannabis applicants laud licensing help from consultants, technology
Many marijuana industry watchers tout the social equity program in Illinois as one of the most far-reaching and likely to succeed in the U.S. cannabis sector. However, experts also note that for all the Illinois program’s positive intent, it is still a sometimes prohibitively expensive and burdensome undertaking for any social equity applicant. With associated expenses […]
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Chart: Florida sales of smokable marijuana topped 22,000 pounds in less than six months
Medical cannabis patients in Florida have embraced the addition of smokable products to their purchasing options, with more than 22,000 pounds of the product sold in less than six months. By comparison, that figure is more than three times the quantity of all medical marijuana sold in Ohio during the first 12 months of sales in […]
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Nevada wholesale marijuana flower prices dip as demand holds steady, labs scrutinized
Supply of midgrade cannabis flower is on the increase in Nevada’s adult-use market, though demand remains robust and the market has not yet become oversupplied.
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Shopping for new extraction equipment? Here’s what to look for
Hundreds of thousands of dollars typically are at stake when buying extraction equipment, so cannabis companies should take their time when making a purchase.
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Week in Review: US lawmakers call for more marijuana research, some Cresco Lab employees in IL unionize, Trulieve addresses short sellers & more
U.S. lawmakers and experts tell a congressional panel that the federal government needs more cannabis research, some marijuana employees in Illinois vote to unionize, Trulieve refutes a short-seller report – and more of the week’s top MJ business news. What’s the role of expanded marijuana research in federal reform? With strong bipartisan support, lawmakers […]
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