Recreational Marijuana News

California’s low marijuana tax stream complicating MJ business climate

A lower-than-expected first quarter of marijuana excise tax income in California has thrown a wrench into the works for those hoping state lawmakers might drop tax rates to help combat the black market. Between January and the end of March, California took in only $34 million in excise tax revenue from cannabis sales. That falls far […]

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Report: Rec marijuana consumers use less alcohol, pain medications, sleep aids

A new market research report has confirmed that marijuana consumers in states that have legalized recreational cannabis use less alcohol, over-the-counter pain medications and sleep aids. The findings suggest that the cannabis market may be larger than many grasp. If some consumers are replacing alcohol or pain medications with marijuana, that indicates there may be […]

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Organigram’s quarterly earnings rebound, boosted by sales of marijuana oil, flower

Massive sales spikes in cannabis oil and flower boosted both profits and sales for Organigram Holdings, as the Canadian company returned to the black during the latest quarter while it charts a path for international expansion. The Moncton, New Brunswick-based licensed cultivator posted net income of 1.1 million Canadian dollars ($860,000) in the three months ended Feb. […]

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Poll: Majority of Americans still favor legalizing marijuana nationally

A solid majority of American adults want cannabis legalized at the federal level, according to a national poll. The CBS News study, conducted April 11-15 with roughly 1,000 people, found that 59% of Americans across the country believe marijuana should be legal. Only 36% said it should remain banned. In addition, 61% of poll respondents […]

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Week in Review: Pennsylvania flower sales, Oregon’s cannabis surplus & MassRoots’ big losses

Pennsylvania’s medical cannabis dispensaries get the OK to sell flower for vaping, Oregon’s marijuana glut is hurting the state’s smaller growers, and MassRoots reveals that its losses widened to $44 million in 2017. Here’s a closer look at some notable developments in the marijuana industry over the past week. Positive in Pennsylvania The announcement that […]

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Potential recreational cannabis ballot measure in Ohio hits snag

One of two campaigns that may wind up competing for votes in an upcoming Ohio election has run into a procedural problem with the state’s electoral bureaucracy. The campaign – spearheaded by Ohio Families for Change – is attempting to put a ballot measure before voters to legalize recreational cannabis. But the state attorney general […]

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High Times Cannabis Cup denied license by California city

In a move that highlights the power of local governments over the California marijuana industry, the San Bernardino City Council shot down the planned 4/20-centric High Times Cannabis Cup by refusing to license this weekend’s event. The council vote, held less than two days before the biggest cannabis holiday of the year, April 20, has thrown the […]

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Maine governor pledges veto of new rec cannabis implementation bill

Maine Gov. Paul LePage indicated that he’ll again veto legislation to implement the 2016 voter-approved recreational marijuana industry in his state. According to the Portland Press-Herald, LePage said he’ll strike down the bill – passed by the full Maine Legislature last week – because the measure fails to combine the state’s existing medical marijuana program […]

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While Weedmaps battles state, its executives seek cannabis distribution license in California

Two of the masterminds behind Weedmaps – perhaps the most successful online advertising platform for cannabis businesses – are working to set up a new company that would be directly involved in California’s marijuana supply chain. The venture recently moved a step closer to fruition when the proposed business received conditional approval for a distribution […]

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California reminds marijuana firms temporary licenses set to expire

California cannabis regulators are alerting marijuana companies that temporary business permits that took effect at the start of the year will begin expiring at the end of April. Regulators issued the temporary permits during the state’s transition into a new marijuana regulatory system. The permits took effect beginning New Year’s Day and were valid for […]

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Massachusetts gets 218 recreational cannabis applicants on first day

Massachusetts companies that want to operate retail marijuana stores in Massachusetts submitted a whopping 218 applications on the first day businesses could apply for recreational MJ business permits. The applicants are seeking priority certification that will give them a place in line when the actual licensing process begins April 17, MassLive.com reported. Priority certification was available for […]

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