Marijuana Dispensary & Cannabis Store News

Week in Review: IL adult-use marijuana stores face shortages, Michigan early recreational MJ sales near $6.5M, Harvest pivots on deals & more

After the Jan. 1 launch, some Illinois adult-use cannabis retailers have cut off customers temporarily to conserve inventory, recreational marijuana sales in Michigan hit almost $6.5 million in first month, Harvest Health & Recreation looks to terminate an acquisition – and more of the week’s top MJ business news. Huge rec sales in Illinois lead to some shop closures The […]

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Rhode Island lawmakers seek to change medical cannabis rules

Rhode Island legislative leaders said Wednesday they’re seeking to undo a change to how medical marijuana stores are regulated. The action comes in response to a lawsuit by Democratic Gov. Gina Raimondo. A provision in the state budget approved in 2019 gave lawmakers the right to veto regulations imposed on the cannabis industry. Raimondo sued, […]

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Some Illinois adult-use marijuana shops close due to product shortages, high demand that totaled $11M in sales in first week

Illinois cannabis shops have had approximately a week to sell recreational marijuana since the state began allowing it Jan. 1, and demand has proven so extreme that – despite enjoying about $11 million in early sales – some retailers have cut off adult-use customers temporarily in order to conserve inventory. “The demand in Illinois is every […]

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Week in Review: Illinois adult-use marijuana market starts with $3M+ day, OR rule might limit cannabis permits, Nevada lab closes & more

Licensed recreational cannabis sales begin in Illinois, a new Oregon rule could possibly curtail the number of marijuana licenses in the state, Nevada shutters a testing lab – and more of the week’s top MJ business news.   Illinois hits 77,000-plus transactions on first day of legal adult-use MJ sales The newest U.S. recreational marijuana market kicked […]

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Massachusetts recreational marijuana sales top $420 million in first year

Adult-use marijuana stores in Massachusetts had more than $420 million in sales in the first full year of legalization, according to the state’s Cannabis Control Commission. December sales, even before Christmas, hit $10.7 million. The data will be updated in January to show the entire 2019 calendar year. – Associated Press

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Week in Review: Aurora Cannabis execs depart, Curaleaf raises $275M in debt, IL readies for adult-use MJ sales & more

Aurora Cannabis loses two of its most important executives at a crucial time as the company continues to struggle, Curaleaf secures $275 million in debt from a group of lenders, Illinois recreational marijuana retailers get ready for large customer turnout and high demand for New Year’s Day launch – and more of the week’s top MJ business news. […]

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Illinois marijuana retailers in potential $2B market expect long lines, possible supply shortages as adult-use sales kick off Jan. 1

Illinois cannabis retailers are thrilled at the prospect of large crowds of customers and high demand at 6 a.m. CT New Year’s Day, which is when state lawmakers said several stores can begin adult-use recreational sales. Anticipating long lines and cold temperatures, companies are going the extra mile to keep customers happy. One business, for […]

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Chart: Pre-Christmas marijuana product sales increase up to 53%

‘Tis the season for increased holiday spending – and that includes outlays on recreational cannabis products, which saw average category sales increases of more than 50% in 2018 on items designated for both gift-giving and personal consumption. Data from Seattle-based cannabis analytics firm Headset shows that sales in the pre-Christmas week (Dec. 18-Dec. 24) in 2018 […]

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