Recent retail cannabis sales in California, Colorado and Washington state

COVID-19 has disrupted day-to-day operations for many marijuana businesses. In the face of uncertainty, retail cannabis operators have been keeping a close eye on shifts in purchasing behavior.

This chart highlights daily sales trends for select markets during this period.

Medical cannabis businesses eye potential new markets in southern US

Medical marijuana legalization efforts are advancing through several states in the southern U.S., and if successful, they promise tens of millions of dollars of opportunities for cannabis entrepreneurs searching for markets that potentially offer lower costs and fewer barriers to entry. Marijuana businesses looking to launch in the region could benefit from: Lower real estate […]

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New York adult-use marijuana legalization appears stalled

Recreational cannabis legalization in New York likely will be shelved for now because of the coronavirus crisis, but experts expect the legislation to be back in play later this year. New York Gov. Andrew Cuomo said Tuesday the state isn’t likely to legalize rec cannabis as part of its budget bill because it’s “too much, […]

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Recreational cannabis sales in three key markets still falling after initial coronavirus-related spike

Despite a couple of temporary sales spikes in recent weeks, adult-use cannabis sales in California, Colorado and Washington state are all suffering from the economic fallout surrounding the coronavirus pandemic. According to point-of-sale data provided by Seattle-based Headset, adult-use cannabis sales were less than those for the same day in 2019 for six consecutive days […]

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Colorado marijuana retailers get OK to resume in-store sales

Colorado regulators delivered good news to the state’s recreational cannabis store operators: They can resume selling their products inside their storefronts. The state Marijuana Enforcement Division (MED) bulletin informing cannabis businesses they can allow customers in their stores comes days after the governor told retailers to limit transactions to curbside pickups in an effort to reduce the […]

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Health Canada says cannabis labs willing to assist in COVID-19 testing

Federally regulated cannabis labs have answered Health Canada’s call for assistance in supporting COVID-19 testing, and the agency is currently assessing the facilities’ capabilities. “Several labs have responded indicating their willingness to assist,” a Health Canada spokesman told Marijuana Business Daily this week. Health Canada is confirming next steps, the spokesman said, including whether the […]

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Cannabis giant 4Front cuts workforce, appoints new CEO

Multistate marijuana operator 4Front Ventures on Monday said it has slashed its corporate workforce by almost 40% and cut the number of employees at its recreational and medical cannabis stores by almost 45%. The company did not release the number of employees who lost their jobs. The cuts, which took place over the past four […]

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Illinois extends adult-use cannabis licensing process

The application deadline for a number of Illinois’ recreational cannabis business permits has been extended by a month during the coronavirus crisis. According to the Chicago Sun-Times, Democratic Gov. J.B. Pritzker signed an executive order extending the license application deadline from March 30 to April 30 for: 40 cannabis infusers that manufacture edibles and other products. 40 […]

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Massachusetts gov urged to reopen adult-use marijuana shops

Massachusetts Gov. Charlie Baker received requests from two different groups to reverse a decision and declare recreational cannabis businesses as “essential” and, thus, allow adult-use companies to remain open during the coronavirus crisis. The Republican governor heard from: A diverse group, including regulators and doctors, that argued permitting adult-use cannabis sales would be in line with stay-at-home […]

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Restructuring cannabis firm MedMen taps interim CEO, withdraws guidance

Financially struggling MedMen Enterprises has retained a management advisory firm to help it restructure. The Los Angeles-based company also tapped two executives from the firm, SierraConstellation Partners (SCP), to serve as MedMen’s interim CEO and chief operating officer. The multistate marijuana operator said in a news release it hired SCP on an interim basis to “support the […]

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Alberta classifies cannabis stores, producers ‘essential’ during COVID-19

Alberta’s licensed cannabis stores and producers can remain open during the COVID-19 pandemic, the Canadian province’s government said. The regulated businesses were included on the province’s list of “essential services,” along with alcohol producers and stores. Businesses on the essential list “can continue to provide services at locations accessible to the public and must have […]

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Hexo books CA$298 million net loss in second quarter

Major cannabis producer Hexo posted a second-quarter net loss of 298.2 million Canadian dollars ($210 million) on Monday, nearly five times larger than the CA$62.4 net loss reported in the previous quarter. Almost half that loss stemmed from an impairment charge for disposing of a Niagara, Ontario, cannabis cultivation facility bought from Newstrike Brands in […]

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Some cannabis businesses add employees, others mull layoffs in response to coronavirus crisis

Marijuana businesses navigating staffing issues during the COVID-19 outbreak are taking different tacks as they strive to keep employees and customers healthy and safe – while keeping close tabs on their companies’ bottom lines. Some businesses are seeing a spike in sales, but others are concerned about the economic and financial fallout from the coronavirus […]

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