Updated retail cannabis sales in California, Colorado, Nevada 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.

Coronavirus

Nebraska medical cannabis legalization well on its way to voters in November

Nebraska medical marijuana advocates gathered more than 182,000 signatures for an initiative petition campaign, despite challenges stemming from the coronavirus pandemic. Organizers needed only 122,000 signatures to place medical marijuana legalization on the November ballot, more than 10% of the eligible voters in the state, according to the Lincoln Journal Star. Signature-collection efforts were put […]

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Cannabis firms should use data, backups to strengthen supply chain

Cannabis companies that rely on the international supply chain need to keep a watchful eye on their suppliers and avoid spreading their businesses too thin, industry experts said Wednesday on the third, and final, day of Marijuana Business Daily‘s virtual conference, MJBizConNEXT Direct. The marijuana industry has seen a disruption to the global supply chain […]

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NJ is key to East Coast adult-use cannabis legalization, stakeholders say

New Jersey is the “linchpin” for coming recreational marijuana legalization on the East Coast, a panel of industry experts said Tuesday on the second day of MJBizConNEXT Direct, Marijuana Business Daily‘s three-day virtual cannabis business conference. Panelist Rob DiPisa, partner and co-chair of cannabis law group Cole Schotz, called New Jersey a “hot market” that […]

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Ways to shake up cannabis firms and keep as many workers as possible

The coronavirus pandemic has caused the cannabis industry to focus on operational efficiency rather than rapid growth, a shift that has resulted in layoffs in California and other locations across the country. But panelists at the MJBizConNEXT Direct conference on Monday also talked about ways operational disruptions can be cushioned by the creative restructuring of […]

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Cresco CEO: How marijuana firms can ‘slingshot’ out of recession, pandemic

If cannabis companies can survive this “giant curveball” and economic downtown, those businesses can “slingshot out of it” in better shape and with more opportunities than before the coronavirus. That was one of the central messages delivered Monday by Charlie Bachtell, co-founder and CEO of Chicago-based Cresco Labs, while offering business tips during an appearance […]

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California cannabis regulators extend license fee deferrals amid coronavirus

The three regulatory agencies that oversee California’s marijuana industry said Monday they’re again offering license fee payment deferrals for up to 60 days – this time for business permits that are expiring in July and August. The announcement was made by the California Bureau of Cannabis Control, which oversees most MJ companies, in tandem with […]

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Acreage completes New Jersey medical cannabis acquisition

Multistate marijuana operator Acreage Holdings said it has closed on a deal to acquire a New Jersey medical cannabis operation for $10 million, plus the assumption of debt. The acquisition, announced last year, gives Acreage a firm foothold in a marijuana market positioned for potential adult-use legalization. New Jersey residents will vote on an adult-use […]

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Canadian cannabis sales remain strong in April despite COVID-19 pandemic

Retail cannabis sales in Canada declined only slightly despite the COVID-19 pandemic, falling 0.6% from March’s record high to 180.1 million Canadian dollars ($132.7 million) in April. The new monthly retail sales data from Statistics Canada bode well for Canada’s cannabis industry, showing continued demand for regulated adult-use marijuana even as the country’s non-cannabis retail […]

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