Recreational Marijuana News

‘Forefront of consolidation’: Shareholders OK marijuana merger of Emblem, Aleafia

Shareholders of Ontario-based cannabis producer Emblem approved a 173 million Canadian dollar ($128 million) buyout from vertically integrated company Aleafia Health in a deal that puts the two companies at the forefront of a wave of consolidation in the marijuana industry. The all-stock deal was approved by 93% of Emblem shareholders March 6, exceeding the […]

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Alaska’s on-site marijuana consumption rules await lieutenant gov’s pen

Alaska has moved closer to allowing on-site consumption of cannabis at specially authorized stores, a move that could generate $2.4 million in new revenue, according to an informal industry analysis. The state’s Department of Law found no legal problems with the rules approved by marijuana regulators in December that will govern where and how on-site […]

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Cannabis data firm Headset to partner with global analytics company Nielsen

Global measurement and data analytics company Nielsen has formed an alliance with Seattle-based cannabis analytics firm Headset to provide insights about the U.S. marijuana market to consumer packaged goods (CPG) businesses. According to a news release, the two firms are joining forces as New York-based Nielsen develops “a full suite” of cannabis measurement capabilities to […]

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CA, AZ cannabis retailers with same name headed to court over trademark

Two marijuana companies both named “Harvest” are heading to court over the rights to the title, and both are claiming trademark protections for their respective companies. The case is far from the only cannabis dispute over a company name. One key to the Harvest case may be that the California-based company has a state trademark […]

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Chart: Farmer and rancher perceptions of cannabis reflect nationwide acceptance

As cannabis becomes more mainstream, there’s increasing acceptance of growing and using the plant – even among conventional farmers and ranchers. In a recent Farm Journal survey, respondents said they were more comfortable with CBD and medical applications of cannabis than THC and recreational applications. Survey respondents also were more agreeable to growing than consuming […]

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Illicit cannabis sales in Canada decline after legalization

Early sales of regulated adult-use cannabis chipped away at the illicit market in the final quarter of last year – the first period of legal recreational cannabis sales – with black market purchases declining 8% in the October-December period, according to fresh data from Statistics Canada. Legalization came into force in mid-October. Illicit cannabis sales declined from […]

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California begins taking cannabis social equity grant apps from cities, counties

California state marijuana regulators announced Friday they are accepting grant applications from cities and counties that are implementing social equity programs for local cannabis businesses. The state’s Bureau of Cannabis Control (BCC) will award $10 million to qualifying jurisdictions by June 30 as part of a growing movement to repair social harms done by the […]

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California cannabis licensing backlog could spur collapse of supply chain, ‘hundreds of businesses’

A California Senate panel on Wednesday advanced a bill – dubbed a “Band-Aid” by one sponsor – in a last-minute bid to prevent thousands of marijuana companies from being temporarily forced out of the legal market and causing chaos in the state’s marijuana supply chain.

But the move is likely to be in vain, at least in the short term.

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Chart: Adult-use marijuana sales spike 7% on Valentine’s Day

Valentine’s Day isn’t just an opportunity to express love, it’s also an opportunity to spend – a trend that is reflected in retail marijuana expenditures in several adult-use markets. The National Retail Federation (NRF) estimated that total 2019 spending on Valentine’s Day gifts in the United States would exceed $20 billion, making the holiday No. 3 […]

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Green Thumb acquires marijuana products brand Beboe

Green Thumb Industries of Chicago has closed its acquisition of Los Angeles-based For Success Holding Co., owners of the Beboe marijuana products brand. The value of the deal, described as “nonmaterial” by Green Thumb, was not disclosed. For Success and Beboe were co-founded by fashion industry executive Clement Kwan and tattoo artist Scott Campbell. Green […]

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