Marijuana Edibles & Infused Products

Chart of the Week: Colorado 4/20 sales spike higher than other recreational cannabis markets

Despite competing with newer adult-use marijuana markets in other states that also attract swarms of tourists, Colorado’s established recreational cannabis business arena remains a steady retail sales leader on April 20 – the unofficial marijuana holiday known as 4/20. According to data provided by Flowhub, a Denver-based marijuana software company, and Headset, a Seattle-based cannabis […]

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New Mexico governor signs legislation that could boost MMJ sales

New Mexico Gov. Michelle Lujan Grisham signed legislation that makes some notable changes to the state’s medical marijuana law and could boost sales for MMJ businesses, including retailers and manufactures. The state’s health department will have to draft regulations for some of the new rules, according to the New Mexico Political Report. Key changes include: Reciprocity: […]

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Pennsylvania’s medical marijuana patient count tops 100,000

Nearly 102,000 patients in Pennsylvania have received certifications from approved physicians to purchase medical marijuana, good news for the bottom line of the state’s fledgling MMJ businesses. The climb in the patient count has led to 780,000 transactions at Pennsylvania’s licensed dispensaries, according to Gov. Tom Wolf’s office. More patients are awaiting certifications, too, which […]

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WV gov vetoes cannabis bill that would tax vertically integrated firms at lower rate

West Virginia Gov. Jim Justice vetoed a medical marijuana bill because he said it “favors wholly vertically integrated businesses” by taxing them at a lower rate than stand-alone cultivators, processors and retailers. Mike Pushkin, a Democratic delegate and sponsor of the bill, told The Register-Herald of Beckley that the governor’s veto “sets back the entire […]

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Cannabis extraction company Nextleaf begins trading on CSE

Vancouver, British Columbia-based Nextleaf Solutions has begun trading on the Canadian Securities Exchange (CSE) under the ticker symbol OILS. The company uses its technology to extract and process cannabinoid distillate, which can be used for premium infused products. Nextleaf said it has completed the construction of an extraction and processing facility in the Vancouver area and […]

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Arkansas Senate passes medical cannabis bills affecting edibles, advertising

Arkansas marijuana entrepreneurs took note as the state Senate passed two bills aimed at restricting medical cannabis’ desirability to children by limiting certain edibles and restricting MMJ advertising. The two bills passed Tuesday codify rules already spelled out by the state’s Alcoholic Beverage Control Division. The measures were sent to the state House for consideration. […]

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Despite risks, marijuana firms that make or distribute CBD products use e-commerce to build multistate brands

When President Donald Trump penned hemp legalization into law late last year via the Farm Bill, hemp companies obviously cheered. But marijuana entrepreneurs also took careful note, because that landmark decision could offer fresh business opportunities to diversify into a plant now legal under federal law. A growing number of marijuana businesses – and hemp-only […]

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Is vertical integration the right approach for your cannabis business?

Kevin Currier has lost sleep over the prospect of vertically integrating his new marijuana business in Michigan.

A Michigan resident, Currier applied for a medical cannabis retail license in Grand Rapids while the state transitions to a recreational market.

But he often wonders whether vertical integration – having a cultivation and retail component to a company – would better position him for success.

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Ancillary marijuana companies hit by declining economies pivot to emerging MJ markets

Tumbling wholesale cannabis prices in some markets are devastating plant-touching operators and generating negative fallout for ancillary companies that provide services and products to those businesses. In order for supplementary companies such as accountants, consultants and security firms to continue to grow and maintain healthy revenue streams, some owners are looking to emerging cannabis markets […]

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Ohio grants cannabis firm permission to produce concentrates, edibles, topicals

Ohio awarded the state’s first certificate of operation to a medical marijuana processor, which will allow for manufacturing of cannabis edibles, tinctures, topicals and other products. This could prove a boon to sales for Ohio’s medical marijuana firms because only plant material – flower – has been available for purchase since the state’s first dispensaries […]

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