Recreational Marijuana News

California marijuana enforcement continues: Humboldt busts illegal grow

A California county’s drug enforcement unit raided an unlicensed cannabis cultivation operation this week, dealing another blow to the state’s thriving illicit market, which has been stealing market share from legal marijuana businesses. The Humboldt County Sheriff’s Office Drug Enforcement Unit – in partnership with multiple county and state agencies – served a warrant to […]

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Why marijuana infused businesses have experienced testing and labeling challenges in California

The Golden State’s cannabis-infused products makers have weathered some strong winds recently stemming from new testing requirements, and it’s an issue marijuana businesses in other markets should pay attention to as different states experiment with rules surrounding lab tests. According to California’s Bureau of Cannabis Control (BCC), 32.9% of edibles, tinctures and lotions samples have […]

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Week in Review: Michigan MMJ closures reversed, MJ owner convicted of tax crimes & feds OK marijuana imports for research

A judge bars Michigan from closing 98 medical marijuana businesses, an operator of two MMJ dispensaries in Oregon is sentenced to prison for federal tax crimes, and the U.S. Drug Enforcement Administration approves the importation of marijuana extracts from Canada for a clinical trial. Here’s a closer look at some notable developments in the cannabis industry […]

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Build it and they will come? Cannabis entrepreneurs wager big bucks on social consumption venues

Applicants for marijuana social consumption licenses across the United States are betting that consumers will want to patronize a public venue where they can consume cannabis with other users.

Entrepreneurs who pursue this new niche sector are likely to wager hundreds of thousands of dollars to get their businesses off the ground, according to industry executives.

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Coca-Cola eyes CBD ‘functional wellness beverages’ as soda market cools

The Coca-Cola Co., the world’s largest beverage maker, is looking at a line of CBD beverages, the company confirmed Monday. “Along with many others in the beverage industry, we are closely watching the growth of nonpsychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in a statement. “The space is […]

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OR county gets grant to battle marijuana growers harvesting more than license limits

An Oregon county’s sheriff’s office will use state grant money to go after legal growers that harvest more than their license allows as well as black-market marijuana producers. The nearly $600,000 grant from a new program will pay for three detectives, one crime analyst and a part-time prosecutor in Jackson County, the Mail Tribune reported. […]

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Chart: Alaska’s recreational cannabis market strong, but seasonal sales swings a challenge for MJ businesses

Alaska’s summer tourism season has produced the strongest months on record for wholesale marijuana sales, but MJ businesses are still adapting to the cyclical nature of the state’s adult-use market. The state’s cultivators sold nearly 2,500 pounds of flower and trim to retailers and infused product manufacturers in July – an increase of 7% from […]

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L.A. crackdown: 105 unlicensed cannabis firms, 500-plus people targeted

Los Angeles prosecutors have filed misdemeanor charges against 515 people in a clampdown on 105 illegal marijuana businesses in the city – a move that could benefit legal MJ companies by helping to eliminate black-market rivals. The businesses targeted include retail shops, delivery services and cultivation operations, of which nearly two dozen have closed since […]

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Week in Review: Long wait for Oregon rec cannabis permits, OK docs told no MMJ & New Jersey deluged by applicants

New recreational cannabis applicants in Oregon have to wait at least a year for a license, many Oklahoma doctors are told not to recommend medical marijuana, and New Jersey receives a flood of applications for MMJ licenses. Here’s a closer look at some notable developments in the cannabis industry this week. Oregon preps for license […]

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Oregon marijuana firm lands $12.5M from Canada’s Tidal Royalty to fund expansion

Oregon-based Diem Cannabis is poised to enter a new market after landing upwards of $12.5 million in financing from Toronto-based Tidal Royalty Corp. The capital will be used over the next three years to develop and operate a large-scale cultivation and processing facility and up to four dispensaries, all in Massachusetts, the firms announced in […]

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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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