A document prepared by the chair of the United Nations Commission on Narcotic Drugs (CND) lays out a course to keep on track for December’s key vote on the World Health Organization’s cannabis scheduling recommendations. MJBizDaily takeaway: This is a welcome development for industry stakeholders worried about a delay arising from the coronavirus crisis. The vote […]
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COVID-19 impact on marijuana retail sales varies by state
While state cannabis markets have unique dynamics, sales generally have been strong during the COVID-19 pandemic, according to Nancy Whiteman, CEO of Boulder, Colorado-based edibles company Wana Brands. During a Marijuana Business Daily webinar, Whiteman shared her company’s insights alongside broader data presented by Liz Connors, director of analytics at Seattle-based Headset. Eli McVey, MJBizDaily’s […]
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More California towns, counties appear ready to put out welcome mat for marijuana businesses
California’s legal marijuana industry has been limited by local bans in roughly two-thirds of the state, but that situation might be starting to change.
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Medical cannabis sales in West Virginia delayed another year
Medical marijuana companies in West Virginia, which has one of the slowest-launching programs in the cannabis industry, will have to wait at least another year before beginning sales. Bill Crouch, cabinet secretary of the state’s Department of Health and Human Resources, said the agency is “looking at making the product available in the spring of […]
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Arkansas medical cannabis dispensary wins trademark dispute against MSO
What’s in a name? Plenty, at least to a locally owned Arkansas medical cannabis dispensary pitted against a large multistate operator. Harvest Cannabis Dispensary, a family owned business licensed in the central Arkansas city of Conway, won a preliminary injunction prohibiting two facilities managed by Arizona-based MSO Harvest Health & Recreation from using the Harvest […]
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Oregon cannabis companies beat racketeering suit
A racketeering lawsuit against more than 200 Oregon marijuana companies is resulting in what looks to be a victory for the group of cannabis companies that refused to settle. The case is one of many in recent years to use the Racketeer Influenced and Corrupt Organizations (RICO) Act against the cannabis industry, a move that […]
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Oklahoma governor shoots down medical marijuana delivery legislation
Oklahoma’s growing medical cannabis market suffered a rare setback when Gov. Kevin Stitt vetoed a bill that would have allowed home delivery and pre-roll production and sales. The Republican-controlled Legislature passed the bill by a wide margin, so some lawmakers had hoped they could muster an override of the governor’s veto, which occurred last week. […]
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Cresco Labs plans to acquire four medical cannabis dispensaries in Ohio
Cresco Labs, a vertically integrated multistate marijuana company, said it agreed to purchase four Ohio medical marijuana dispensaries, currently operated by Verdant Creations, as the Illinois-based company increased its investment in what’s shaping up to be a lucrative market. Cresco will pay $375,000 in cash for each store as well as $500,000 of the company’s […]
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Week in Review: MA adult-use cannabis stores reopening, High Times deal unravels, Acreage ‘reset’ & more
Massachusetts recreational marijuana retail stores will be allowed to reopen May 25, but sales will be limited to curbside pickup and online or telephone orders. MJBizDaily takeaway: This ends an expensive shutdown and a sore point for rec store operators in Massachusetts, who have seen counterparts across the country generally treated as essential businesses. Gov. Charlie […]
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Webinar to look at product preferences among marijuana consumers
Product preferences among cannabis consumers across the country will be the focus of a free webinar that Marijuana Business Daily is presenting Tuesday, May 26. MJBizDaily‘s data editor, Eli McVey will speak, with Nancy Whiteman, CEO of Boulder, Colorado-based edibles company Wana Brands, and Liz Conners, data analyst for Seattle-based Headset. The three will discuss […]
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Nevada marijuana sales up 20% in 2019, but COVID-19 slows progress
Nevada marijuana sales for 2019 reached $692 million, a 20% increase from fiscal year 2018, but lost sales stemming from the market disruption caused by the coronavirus pandemic is throwing cold water on future projections. That information comes from a new study by Las Vegas-based RCG Economics. The report, “2020 Marijuana Economic & Fiscal Benefits Analysis: […]
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Trying to navigate a city’s cannabis zoning maze? Here are some things to consider
Marijuana entrepreneurs seeking to open a business face a similar type of roadblock in virtually any U.S. market: municipal zoning regulations, which can be difficult and annoying.
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The pandemic pivot and how cannabis companies reacted to COVID-19.