Recreational Marijuana News

Photos from Canada’s historic first day of recreational cannabis legalization

Canada’s landmark day of legal recreational marijuana sales was a success for many companies and key industry players who had businesses operational in time for the overwhelming turnout of consumers on Oct. 17. Here is a selection of photos from across Canada as it became the first major industrialized nation to launch a recreational cannabis market.

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Southern California recreational cannabis firms struggle with product shortages, licensing and black market

“Growing pains” is an understatement to describe Southern California’s tumultuous recreational marijuana marketplace. New regulations that took effect July 1 are rattling what was already a turbulent part of the California MJ industry. The industry there also is suffering from product shortages, slow license approvals and a thriving black market. Moreover, Southern California adult-use cannabis businesses […]

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Ahead of Canada’s big day, forecast for cannabis industry gets a boost

On the eve of Canada’s historic launch of its recreational marijuana program, the global cannabis industry appears poised for explosive growth thanks to the confluence of a host of market developments. “The well-capitalized cannabis industry has been evolving rapidly and looks to address a far larger (market) than we had originally forecast,” Wall Street analyst […]

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CA busts on illegal marijuana operations continue: Thousands more plants seized

More enforcement actions indicate that state and local authorities in California continue to step up efforts to crack down on black-market cannabis operations, a development that could help licensed businesses that have long complained that illicit operators undercut their sales. Here’s a roundup of some of the latest enforcement news from California: Detectives with the […]

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Marijuana firm Cresco Labs charts plan to go public in Canada

Multistate cannabis operator Cresco Labs is looking to go public in Canada via a reverse takeover (RTO), the latest U.S. firm to use this path to a listing on the Canadian Securities Exchange (CSE). Cresco announced Wednesday that it’s pursuing an RTO of Randsburg International Gold, an Ontario-based firm that has no significant operations but is listed on […]

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Canadian marijuana cultivator Flower One buys Nevada MJ firm for $27 million

Canadian marijuana cultivator Flower One Holdings agreed to purchase a Nevada cannabis cultivation business for $27 million, expanding the Toronto-based company’s footprint in the Silver State’s rapidly growing MJ industry. With the purchase of 100% of Las Vegas-based NLV Organics, Flower One (Canadian Securities Exchange: FONE) gains a 25,000-square-foot cultivation and production facility in North Las Vegas, […]

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California pursues stopgap plan to issue provisional cannabis licenses

California regulators are moving ahead with a second round of nonpermanent licensing to allow marijuana companies to continue operating without a permanent license while state and local officials process a backlog of permit applications. The move is intended to help California’s MJ industry avoid supply disruptions, The Orange County Register reported. State Senate Bill 1459, which […]

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Alaska plans changes to how it taxes marijuana in response to industry concerns

Alaska is revising how it taxes cannabis to address concerns raised by local MJ industry executives, a move that will make distinctions between different types of bud. The current excise tax per wholesale ounce of cannabis bud or flower is $50 in Alaska, according to the Marijuana Business Factbook 2018. That rate – equivalent to […]

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Denver cannabis retail chain Sweet Leaf owners strike deal to pay fine, give up licenses

The owners of Denver-based marijuana retail chain Sweet Leaf made a deal with Colorado’s cannabis regulatory agency to sell the company’s remaining business licenses in the state, pay roughly $2 million in fines and drop their appeal. Alt-weekly Westword reported that owners Anthony Suaro, Christian Johnson and Matthew Aiken owe roughly $1.5 million to the […]

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San Francisco plans to create cannabis industry oversight committee

San Francisco officials plan to form a committee to monitor the city’s marijuana industry and assess its regulations and government oversight. According to the San Francisco Examiner, the new Cannabis Oversight Committee will: Examine the work done by the city’s Office of Cannabis. Measure the impact of existing regulations on businesses and communities. Make recommendations to […]

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