The number of operating dispensaries in Massachusetts finally reached double digits in 2017, a milestone for a program that has taken steps to bolster patient counts and witnessed a substantial boost in MMJ sales. Over 11,000 patients were...
Eli McVey
Eli McVey's Latest Posts
Chart: More banks serving cannabis sector, but Cole Memo repeal threatens to slow progress
The number of banks and credit unions actively serving the marijuana industry has jumped nearly 30% from a year ago. But U.S. Attorney General Jeff Sessions’ decision to repeal the Cole Memo may prevent further involvement by banking institutions looking to work with...
Chart: Arizona’s massive medical marijuana market keeps growing
Steady growth has characterized Arizona’s medical marijuana program over the past few years, and 2017 was no exception as the state reinforced its position as one of the nation's largest MMJ markets. Arizona’s MMJ program added over 38,000...
Chart: Illinois’ medical marijuana program progressing steadily, but more growth on horizon
Illinois’ medical marijuana program grew at a solid, consistent pace throughout 2017, but the potential addition of intractable pain as a qualifying MMJ condition in the state could set the table for a breakout year in 2018. Illinois added...
Chart: Sales growth slowing in Colorado’s recreational marijuana market
Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity.
Chart: Pennsylvania’s medical marijuana market set to become one of the country’s biggest
Sales of medical marijuana are expected to begin in Pennsylvania this spring, with the state poised to become one of the largest MMJ markets in the nation. With cultivation underway and both patients and doctors registering with the program,...
Chart: Marijuana stocks stumble, then rebound after Sessions announcement
Marijuana stock investors are wagering that Jeff Sessions' bark will be bigger than his bite. U.S. and Canadian cannabis stocks briefly tumbled after the U.S. attorney general's blockbuster decision last week to rescind Obama-era protections...
Chart: California recreational marijuana sales set to begin in limited number of stores
Recreational cannabis sales officially begin in California today, but fewer than 100 adult-use retail licenses have been issued throughout the state - which may lead to long lines and supply issues for the rec stores able to open their doors on New Year’s Day....
Chart: Regulatory framework in place for Michigan medical marijuana businesses
With applications released and emergency regulations in place, prospective entrepreneurs have begun applying for MMJ business licenses in Michigan – the second-largest MMJ market in the nation.
Through a trio of bills passed in 2016, Michigan finally established a regulatory framework to govern its longstanding medical marijuana industry, which has existed under a patchwork of local regulations since a 2013 state Supreme Court ruling deemed dispensaries illegal.
Marijuana Business Daily’s annual cannabis industry survey extended to Dec. 22
The deadline for executives and major investors in the cannabis industry to participate in Marijuana Business Daily's annual industry survey has been extended until Friday, Dec. 22. Owners, founders and executives with dispensaries/retail stores, commercial...
Chart: Diversity still a hot topic in Maryland’s medical marijuana industry
Over 35% of those with an ownership stake in a Maryland medical marijuana company - and nearly 60% of those employed by MMJ businesses - are racial minorities, according to preliminary data released by the Maryland Medical Cannabis Commission. [include_post...
Chart: How California’s largest cities are regulating recreational marijuana
California’s recreational marijuana program is set to launch Jan. 1, and lawmakers have laid the regulatory foundation to govern the new industry at the state level. But at the local level – where municipalities can further regulate or even outright ban marijuana...
