Washington State Medical Cannabis Business & Marijuana Legal News


Wholesale marijuana prices on upswing in more mature recreational markets, reports indicate

Wholesale cannabis prices appear on the rise in longstanding adult-use cannabis markets Colorado, Oregon and Washington state, according to two recent reports and insight from growers. The upward-trending prices seem to be increasing because of: Stronger demand and weaker supply beyond the typical summer economic dynamics. More growers going out of business. Farmers pivoting to […]

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Washington state extends Leaf Data Systems cannabis contract

Washington state regulators lengthened the contract for Leaf Data Systems, the seed-to-sale tracking program offered by Denver-based MJ Freeway, requiring the company to focus on stabilizing and fixing the system after the software experienced challenges during a July release. The Washington State Liquor and Cannabis Board (LCB) amended the contract with MJ Freeway, extending it from […]

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Cannex, 4Front complete cannabis merger; trading starts next week

An almost $500 million merger of a Canadian and a U.S. marijuana company closed, months later than originally planned. Vancouver, British Columbia-based Cannex Capital Holdings, a cannabis company with a cultivation and manufacturing presence in Washington state, and Phoenix-based multistate retail operator 4Front Holdings, begin trading next week as 4Front Ventures Corp. Starting Tuesday, 4Front […]

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Ionic Brands buys Zoots cannabis edibles firm for $11 million

Ionic Brands paid $11 million for longtime marijuana edibles maker Natural Extractions, which does business as Zoots Premium Cannabis Infused Edibles. As part of the stock and cash deal involving two Washington state companies, Zoots’ owners receive $855,000 in cash and more than 9.6 million shares in Ionic Brands, according to a news release. Ionic, with […]

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Washington state offers up cannabis traceability ‘workaround’ in wake of software release problems

Problems with the software release for the Washington state cannabis traceability system persist, as state regulators on Thursday announced a workaround for marijuana business-to-business transfers. The state’s response comes after a problematic software rollout that cost businesses significant losses was said to be fixed on Wednesday. The Washington State Liquor and Cannabis Board (LCB) issued […]

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Lessons learned by Washington state cannabis firms after 5 years of recreational sales

Washington state rolled out the world’s second adult-use marijuana market on July 8, 2014, following closely behind Colorado, which began recreational sales at the start of that year. Over the past five years, Washington state cannabis business owners have persevered through stiff competition, a shifting regulatory landscape and sliding market prices. A study released by the […]

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Chart: Sales of cannabis products spiked over Mother’s Day, Father’s Day weekends

Retail data reveals sales spikes in several marijuana categories over Mother’s Day and Father’s Day weekends, highlighting differences in gender-based cannabis gift-giving in states that have legalized adult use. Data from Seattle-based analytics firm Headset shows that sales increased 35% to 80% in several product segments over Father’s Day and Mother’s Day weekends in California, […]

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Chart: Marijuana store density surpasses Starbucks & McDonald’s in many mature cannabis markets

As competition between cannabis retailers grows, so does the number of stores in mature markets, where the relative density of marijuana shops has surpassed that of Starbucks in many. The recently released Marijuana Business Factbook estimates that in Denver and Portland, Oregon, for example, marijuana retailers outnumber Starbucks by close to double, while in Anchorage, Alaska – […]

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Washington state warns marijuana firms to follow rules when sending text ads

Washington state regulators advised cannabis businesses to follow regulations that provide warnings when sending out text messages as advertisements, just as with any other marijuana ad. The Washington State Liquor and Cannabis Board issued a notice that aside from outdoor ads, all advertising must include the following information: The product has intoxicating effects and may […]

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