Recreational Marijuana News

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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Lack of ‘meaningful’ consultation hinders First Nations’ participation in Canada’s cannabis industry

Businesses with identified First Nations affiliations make up only 5% of Canada’s licensed cannabis producers, a fact that indigenous leaders blame on the federal government’s failure to adequately consult with communities over the legalization of marijuana. Six of Canada’s 115 licensed producers have affiliations – including financial or other partnerships – with First Nations communities […]

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Most illegal CA marijuana grows have ‘potentially lethal’ traces of pesticide

Federal and state officials in California launched a summerlong effort to clamp down on illegal cannabis cultivators and discovered that nine of every 10 farms raided contained traces of powerful and potentially lethal pesticides, authorities said Tuesday. The findings underline what many in the state’s licensed cannabis industry have long bemoaned: They’re losing significant market share […]

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Oregon slashes daily purchase limits for medical cannabis patients

In a bid to stem the flow of marijuana product to the black market, Oregon regulators have ordered a steep cut over the next six months in the amount of cannabis that medical MJ patients can buy on a daily basis. The Oregon Liquor Control Commission (OLCC) last Thursday reduced purchasing limits for Medical Marijuana […]

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Chart: Number of California licensed recreational marijuana stores falls short

The number of licensed recreational cannabis stores in California is far short of what’s needed to adequately supply the market, as licensing logjams at the local level constrain establishment of operations in large portions of the state.

It’s yet another issue hampering the rollout of California’s recreational marijuana industry, which has experienced lower-than-expected tax revenue and a flourishing black market.

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Denver awards second cannabis social-use license

As more U.S. and international adult-use cannabis markets consider allowing marijuana social-consumption spaces, Denver on Friday approved a social-use permit for Mile High Game and Play, which will do business as Vape and Play. It’s the second social-use permit issued in Colorado’s capital city. The entertainment facility will have a multistation vape bar, patented and […]

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California marijuana labeling snafu leads to yet another recall

Ronnie Cabral was horrified to learn a few weeks ago that his vape cartridge firm’s California business license number and company name were being used on products that weren’t his. He was even more horrified to learn his identifiers were being used by a distributor he hadn’t even hired to take his products to market […]

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Ontario cannabis producer choices praised for diversity, but supply concerns loom

Ontario’s sole legal online retailer for recreational marijuana signed agreements with a diverse group of producers to supply the province with cannabis when Canada’s adult-use market opens in October, but some analysts think it might not be enough. The Ontario Cannabis Store (OSC), the government-operated cannabis retailer, entered into agreements with 26 licensed cannabis producers in […]

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Higher prices and barer shelves: California cannabis retailers face frustrated customers

Licensed marijuana retailers in California are struggling to cope with customers angry about price hikes and less product choice – a direct result of the state’s new packaging and testing regulations that took effect July 1. Here’s a look at some of the concerns related to the state’s current business environment as well as how some companies are […]

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