Recreational Marijuana News

Washington MMJ Businesses Still in Limbo

The fate of Washington State’s medical marijuana businesses remains a big question mark after lawmakers sunk a bill that would have folded the MMJ industry into the new recreational program. The measure died in the state’s legislature last week over wrangling on whether the state should divert marijuana-related tax revenues to cities and counties. The […]

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CO Retail Marijuana Sales: $14 Million in January

Colorado’s recreational marijuana shops racked up more than $14 million in sales during January, according to first-of-its-kind data on the nation’s nascent retail cannabis industry. The state’s revenue department announced Monday that it collected nearly $417,000 in standard retail sales tax from transactions at recreational marijuana stores in January. That amounts to about $14.4 million […]

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First Rec License Awarded in Washington State

Washington State has issued its first recreational cannabis license, paving the way for retail marijuana sales to begin this summer. Sean Green, CEO of Spokane-based Kouchlock Productions, was given a producer-processor license Wednesday at a meeting held by the state’s liquor board. The license allows Kouchlock to establish a cultivation site covering up to 21,000 […]

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Black Market Threat to Rec Sales Lower Than Expected: Exclusive Data

By Anne Holland The economic threat the black market poses to legalized recreational cannabis sales may have been vastly overstated. According to a new consumer market research study from the editors of Marijuana Business Daily, more than 60% of cannabis users said their biggest concern when purchasing marijuana is buying it from legal sources. A […]

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Week In Review: Promoting Good Recreational Consumer Etiquette

By Fred Dreier Colorado’s retail marijuana industry has enjoyed overwhelmingly positive press through its first two months, with the program’s better-than-expected sales figures and optimistic tax projections grabbing headlines. But there are those in the industry who wonder how long the media will focus solely on the flashy business metrics.

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Week in Review: Colorado Trumps Washington on Recreational Cannabis, For Now

By Chris Walsh Which state will serve as a model for other markets when it comes to crafting a recreational cannabis program: Colorado or Washington? Colorado appears to be the clear choice at this point from a business perspective, with its recreational marijuana market humming along nicely. The industry is already generating tens of millions […]

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$900M+ in CO Marijuana Sales Expected

Colorado expects recreational and medical marijuana sales to reach at least $900 million during the state’s next fiscal year, according to an extrapolation of tax revenue estimates. The figure is tied to a budget proposal by Gov. John Hickenlooper this week estimating that the state will collect nearly $80 million in sales taxes from recreational […]

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Cultivation Licenses, Production Amounts Slashed for Rec Market

Washington State will cut the number of recreational marijuana cultivation licenses it plans to issue and reduce the amount of cannabis each producer can grow, a move sure to rankle many entrepreneurs. The state’s Liquor Control Board said Wednesday it will limit cultivation applicants to just one license instead of up to three as originally planned. […]

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10% in Colorado Used Marijuana Since Jan. 1

A new poll has found that 10% of Colorado voters have tried cannabis since the start of recreational marijuana sales on Jan. 1, underscoring the market’s sizable potential. The figure equates to more than 300,000 consumers who are at least 21, the legal age required to purchase recreational marijuana. Of course, a big chunk of […]

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Inventory, Operations at Stake Under Washington Cultivation Limits

by Fred Dreier Washington State’s cap on recreational marijuana production could create a variety of consequences for the state’s cannabis industry, from price hikes and inventory shortages to an unprofitable system for growers. In 2013 the state’s Liquor Control Board established a

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Week in Review: Millions of Dollars in Recreational Sales for Colorado Retail Shops

By Chris Walsh How much money have retail marijuana shops in Colorado generated since recreational sales began Jan. 1? It’s the billion-dollar question, the answer to which will give us the first real indication of the recreational market’s potential – both in Colorado and in future states that legalize. We don’t have that answer yet. […]

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Priceline of Cannabis Launches

A new website aims to shake up the marijuana market in several states by offering Priceline-style marijuana deals at local dispensaries. Wikileaf.com allows patients and recreational customers to specify how much they want to spend in general on cannabis. It then returns a list of offers from nearby dispensaries, based on how many grams you […]

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