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Joey Pena

Joey has covered the cannabis industry as a freelance writer for Marijuana Business Magazine since 2016. He joined the team in 2018 as a full-time retail and infused products reporter. He was a journalist in San Diego for seven years and covered sports, breaking news, local and state politics, and business for daily and weekly newspapers, a weekly newsmagazine and a startup daily news website.

Denver Council gives initial OK to ease rules for cannabis social consumption sites

The Denver City Council gave preliminary approval to relax rules that require marijuana social consumption businesses to operate at least 1,000 feet from schools, child care facilities, drug and alcohol treatment centers and city recreation buildings. The proposal – which is expected to jump-start the city’s fledgling social use program and generate new business applications […]

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Chart of the Week: Colorado 4/20 sales spike higher than other recreational cannabis markets

Despite competing with newer adult-use marijuana markets in other states that also attract swarms of tourists, Colorado’s established recreational cannabis business arena remains a steady retail sales leader on April 20 – the unofficial marijuana holiday known as 4/20. According to data provided by Flowhub, a Denver-based marijuana software company, and Headset, a Seattle-based cannabis […]

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Medical cannabis study: Fewer licensees needed to meet potential low MO demand

Missouri will need only 24 to 29 medical marijuana cultivators and 114 to 132 dispensaries to meet patient demand, which a new study predicts will fall far below expectations. Only 26,000 qualifying patients will exist in Missouri by 2022, predicted an economic study conducted by the University of Missouri. The Springfield News-Leader reported the study. […]

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Pennsylvania’s medical marijuana patient count tops 100,000

Nearly 102,000 patients in Pennsylvania have received certifications from approved physicians to purchase medical marijuana, good news for the bottom line of the state’s fledgling MMJ businesses. The climb in the patient count has led to 780,000 transactions at Pennsylvania’s licensed dispensaries, according to Gov. Tom Wolf’s office. More patients are awaiting certifications, too, which […]

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Illinois Senate panel OKs adult-use cannabis bill, but details are pending

An Illinois Senate committee voted to advance a placeholder bill that lawmakers can amend later to legalize a recreational marijuana market in the state. The so-called “shell bill” – approved in a 12-4 party line vote by the Senate Executive Committee – is expected to be significantly changed through private negotiations among lawmakers, the governor’s office […]

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Walgreens joins CVS in sales of CBD topical products

The Walgreens pharmacy chain will sell CBD-infused creams, sprays and transdermal patches in 1,500 stores across nine states, but the company declined to identify the brands it plans to carry, CNBC reported. The move comes hot on the heels of an announcement last week that rival pharmacy chain CVS had kicked off sales in eight […]

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WV gov vetoes cannabis bill that would tax vertically integrated firms at lower rate

West Virginia Gov. Jim Justice vetoed a medical marijuana bill because he said it “favors wholly vertically integrated businesses” by taxing them at a lower rate than stand-alone cultivators, processors and retailers. Mike Pushkin, a Democratic delegate and sponsor of the bill, told The Register-Herald of Beckley that the governor’s veto “sets back the entire […]

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Cannabis firm sues MD to block grower licenses meant for minority businesses

Curio Wellness, a vertically integrated medical marijuana company in Baltimore County, Maryland, filed a lawsuit against state regulators to stop them from awarding four new cultivation licenses that are intended to increase the number of minority business owners in the industry. The suit alleges that the commission must complete a supply-and-demand analysis before soliciting new […]

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Illinois Senate panel passes bill to protect banks serving cannabis businesses

An Illinois senate committee voted to advance a bill that would prohibit the Illinois Department of Financial and Professional Regulation from taking any action that would penalize or dissuade banks and credit unions from serving legal marijuana-related businesses. Even if the bill becomes law, Capitol News Illinois noted, financial institutions that do business with marijuana companies […]

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