Michigan launches its recreational marijuana industry, California-based Harborside appeals a closely watched federal tax case, Brazil lays the groundwork for what could become one of the world’s largest medical MJ import markets – and more of the week’s top cannabis news. MI adult-use sales begin with limited number of stores open Michigan’s first day of […]
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New Colorado law boon for cannabis capital, but concerns remain for minority businesses
Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state’s cannabis industry. Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses. For example: Denver-based Medicine Man Technologies through the year announced an almost […]
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On first day of Michigan recreational marijuana sales, customers line up for flower
The line outside the Exclusive Brands dispensary in Ann Arbor, Michigan, stretched nearly three blocks on the state’s first day of recreational cannabis sales Sunday. As a light rain fell, the store’s employees passed out pizza, cookies, donuts and coffee to customers who had lined up to purchase adult-use marijuana products. Exclusive Brands owner Omar […]
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Medical marijuana regulations
Rhode Island’s top medical cannabis regulator, hired in 2016 to help reform a decade-old but loosely regulated program, is resigning to accept a new position in New York.
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Why some marijuana firms are rebranding in response to cannabis industry’s changing business climate
As the cannabis industry has moved to shed the “stoner” stereotype many have held of its consumers, several marijuana businesses are rebranding themselves via name changes and other steps to try to reflect the companies they’ve become. Whether the decision revolves around an initial public offering (IPO), including Akerna’s, or the acquisition of multiple dispensaries such […]
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Cresco terminates VidaCann acquisition, highlighting cannabis industry’s focus on saving cash
Chicago-based multistate cannabis operator Cresco Labs said it is ending its agreement to buy Florida’s VidaCann, becoming the latest U.S. marijuana M&A deal to unravel and highlighting the steps companies are taking to navigate a rocky business environment. Cresco’s decision, in particular, sheds light on how marijuana companies are scrambling to save money and refocus […]
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Chart: Marijuana sales increase on Green Wednesday, Black Friday
As shoppers head out to prepare for Thanksgiving and participate in Black Friday sales, data from two firms show consumers may be upping their purchases of marijuana products as well. Data from Seattle-based Headset reveals that 2018 sales on “Green Wednesday” – the day before Thanksgiving – increased 63% over the average Wednesday. And Santa […]
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As vaping crisis continues to affect legal marijuana vape sales, MJ firms use education to allay consumers’ concerns
In the wake of the recent vaping crisis that’s sickened more than 2,000 people and killed dozens more, vape makers and retailers are using a variety of strategies to ease consumer concerns and shore up sagging sales. In particular, marijuana vape manufacturers and dispensaries are: Posting signs in stores and training in-store staff to help consumers understand […]
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Marijuana layoffs continue
Michigan temporarily prohibited the sale of cannabis vaping products so they can be tested for the vitamin E acetate compound, which is linked to a nationwide vaping crisis that has led to 47 deaths and 2,290 lung illnesses.
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Week in Review: Landmark cannabis vote by US House committee, first MI adult-use licenses, vitamin E acetate vape additive bans & more
A key U.S. House panel makes history by passing a federal cannabis legalization bill, Michigan reveals its first adult-use license winners, two states finalize bans on vitamin E acetate as an additive in vaporizer products and more of the week’s top cannabis news. Panel casts first-ever US House vote to federally legalize MJ In a […]
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Massachusetts marijuana criticism
New Jersey voters will decide a year from now whether to legalize adult-use marijuana sales in the state, lawmakers said Monday.
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Major cannabis firm MedMen slashes more than 190 jobs, unloads assets to bolster bottom line
MedMen, a Los Angeles-based multistate marijuana operator, announced it is laying off more than 190 employees to shore up its bottom line, joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding. The cash-strapped, vertically integrated company also disclosed plans to scale back its store […]
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