Strong demand from out-of-state consumers shopping in border areas as well as tourists pumped New Mexico adult-use marijuana sales to a record $25 million in October.
Chris Roberts
Chris Roberts's Latest Posts
New adult-use marijuana markets worth more than $1.5 billion on the ballot
Adult-use marijuana sales could grow by more than $1.5 billion a year if voters approve new recreational markets on the ballot this Election Day, but observers say that will prove difficult.
Arkansas ‘unlawfully’ awarded medical cannabis cultivation permit, judge rules
Regulators in Arkansas “unlawfully” gave a Fort Smith hotelier a coveted medical marijuana cannabis license, a judge ruled.
Cannabis social equity applicants advance in Connecticut licensing process
Four social equity license applicants in Connecticutsare proceeding with their applications to serve the state’s upcoming $250 million adult-use cannabis market, regulators said.
NY appointed marijuana fund manager despite Cookies conflict, report says
New York regulators chose an NBA Hall of Fame player and his business partner to help manage a fund intended for social equity participants in the state’s marijuana sector despite a potential conflict of interest posed by their ties to industry player Cookies.
Small state, big stakes for North Dakota marijuana legalization measure
The future of banking and tax reform in the U.S. Congress could hinge on the outcome of a marijuana legalization measure in this red state.
Moldy, untested cannabis flower recalled in Colorado’s second-largest city
Nearly 200 of batches of cannabis flower – some more than a year old – have been recalled after Colorado regulators discovered “potentially unsafe levels of total yeast and mold,” including the fungus aspergillus.
Mississippi medical cannabis sales on track to begin in January
Medical cannabis is on track to be on Mississippi dispensary shelves in January 2023, state health officials said, though barely 400 patients are currently approved to access the drug.
Marijuana workers in California, Illinois, New Jersey vote to unionize
Labor unions organizing marijuana workers notched recent victories in three states, including with cultivators who don’t enjoy the same federal protections extended to cannabis retail workers.
‘Unusual alliance’ of opponents jeopardizes Arkansas marijuana legalization measure
A motley coalition of religious leaders, pro-Trump politicians and donors as well as progressive cannabis advocates is opposing a uniquely pro-law-enforcement legalization measure in Arkansas that would give existing medical marijuana operators first crack at a new adult-use market.
Ex-CBD executive lied about Walmart, military deals to boost stock, SEC says
A former CEO of a publicly traded CBD beverage company lied to investors and the public about distribution deals with Walmart and the U.S. military as part of a “multi-year fraud” meant to boost the struggling firm’s future, according to federal securities regulators.
Why are the feds after Dan Bilzerian’s onetime marijuana company? His father has a theory.
If Dan Bilzerian had listened to his father and not taken his marijuana company public, the brash Instagram celebrity’s Ignite International Brands might not currently be under investigation by both the U.S. Securities and Exchange Commission and the Department of Justice.
