Washington State Medical Cannabis Business & Marijuana Legal News

Chart: Declines in wholesale prices hammer major recreational cannabis markets

Wholesale cannabis prices in recreational markets across the United States have fallen precipitously compared to last year, while prices in major medical markets are proving more resilient. According to figures provided by Cannabis Benchmarks, a Connecticut-based provider of wholesale marijuana pricing data, wholesale cannabis prices in Oregon and Washington state are down more than 50% […]

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Growers: Western marijuana prices are down amid strong harvest, despite high demand

The marijuana harvest is underway and growers in several western states are reporting a bumper crop, but it’s coming at a time when supplies already are abundant and MJ prices are falling by double-digit percentages in some markets. Growers in five states with medical and recreational cannabis markets also report that consumer demand is strong. But […]

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In reversal, WA state permits production of cannabis gummies, hard candies

Washington state regulators Friday abruptly reversed a recent decision halting the production of certain marijuana edibles and will now allow infused product makers to manufacture state-approved gummies and hard candies, a spokesman for the state’s Liquor and Cannabis Board (LCB) told Marijuana Business Daily. The reversal – which came after fierce industry opposition – will no doubt […]

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Exclusive: Report finds Washington state rushed into launching marijuana tracking system, fixes needed

An independent report commissioned by Washington marijuana regulators found the state and MJ Freeway were forced to rush out a new cannabis seed-to-sale traceability system earlier this year despite technical problems that cost cannabis businesses tens of thousands of dollars in lost sales. The study, performed by a leading tech and research consultancy and obtained […]

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WA tells marijuana edibles makers to end output of gummies, hard candies

Washington state regulators ordered local edibles makers to cease production of cannabis-infused gummies and hard candies, warning they might appeal to children. The unexpected decision dealt a major blow to the state’s infused-product businesses. Companies were “completely blindsided,” said Oliver Stannard, director of business development for Washington’s Green Labs, the maker of Swifts Edibles, a […]

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Washington state cannabis retailer faces second suspension since 2016

A Washington state sting operation resulted in one marijuana dispensary having its license suspended for the second time since 2016. An employee of Greenway Marijuana in Port Orchard sold marijuana pre-rolls to an 18-year-old woman who was helping conduct a compliance check for the state Liquor and Cannabis Board (LCB), the Kitsap Sun reported. The legal […]

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Cannabis company Leafly removes CEO over company management ‘concerns’

Leafly, the popular online marijuana strain and dispensary guide for consumers, removed Chris Jeffery as CEO less than a year after he was hired by the Seattle company. Privateer Holdings, the Seattle-based private equity firm that acquired Leafly in 2011, confirmed to Marijuana Business Daily that Jeffery was out. According to a statement emailed to MJBizDaily from Privateer […]

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Multistate cannabis retailer raises $25 million

Seattle-based marijuana retailer Have a Heart closed a $25 million series A funding round, money the company plans to use to continue its expansion. According to a news release, the investment came from backers with experience in the cannabis and technology industries. Here’s what you need to know: The business started in 2011 with five […]

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Earnings highlights: Hedge fund billionaire Leon Cooperman bets on cannabis; two firms deliver solid Q2 results

Share prices at cannabis firms Green Thumb Industries and Tilray are on the rise after solid second-quarter performances – and mainstream investors are taking note, with at least one hedge fund billionaire throwing his support behind the industry. The two businesses reported their first earnings as newly public companies after the markets closed Tuesday. Here’s […]

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Washington state cannabis retailer inks pact with union

Washington state has what is reportedly its first unionized cannabis store, six years after state legalization and a nod to the business advantages of such arrangements. According to Seattle TV station KOMO, Have A Heart’s 134 employees at five locations are now members of United Food and Commercial Workers Local 21, after their owner signed […]

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Community outreach helping cannabis companies gain edge on rivals, attract customers

Marijuana businesses nationwide are finding they can reap generous rewards from giving back to their local communities.

Being a good corporate citizen can make it easier for marijuana businesses to work with regulators and local officials, stand out from competitors and attract new customers and high-quality employees, according to industry executives and experts on corporate giving.

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MJ Freeway cannabis software system hits new glitch in Washington state; contract up for renewal

Marijuana business owners in Washington state continue to grapple with problems in the state-selected traceability program, with some industry officials concerned the situation could trigger errors tied to tax reporting and regulatory compliance. The state has used MJ Freeway’s Leaf Data Systems for its traceability software platform since December. The kinks plaguing the system come […]

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