Recreational Marijuana News

Oregon cannabis harvest floods market again, driving prices even lower

More than a million pounds of marijuana flooded an oversaturated Oregon market last October, keeping prices low and further straining burdened cannabis businesses. Oregon’s marijuana cultivators harvested more than 2.5 million pounds of wet cannabis last October, with 1.3 million pounds of “usable” marijuana entered into the state MJ tracking system by December. That’s down […]

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MA planning board says no to million-square-foot marijuana grow facility

The Charlton, Massachusetts, planning board unanimously rejected a cannabis company’s site plan to build a $100 million, 1 million-square-foot marijuana processing and cultivation facility in the town, The Boston Globe reported. It would have been one of the largest marijuana processing/cultivation facilities in the United States. To read more about the board’s decision, click here.

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Chart: Massachusetts recreational marijuana sales soar in first month despite obstacles

Massachusetts dispensaries rang up $9.3 million in recreational marijuana sales during the first four weeks of operation, an impressive feat considering only two stores were selling adult-use cannabis during the bulk of this period. Compared with the first month of rec sales in other states, Massachusetts had lower gross sales but far fewer operating dispensaries […]

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Report: CA-backed bank for marijuana businesses would face insurmountable hurdles

California would likely lose money and face overwhelming federal barriers if it tried to create a state-backed bank to help cannabis businesses navigate banking challenges, according to a report released by the state treasurer. The report puts an end for now to hopes the state could find a banking solution for marijuana businesses. Since marijuana […]

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Massachusetts’ medical cannabis program has new overseer

Massachusetts’ medical marijuana program is now being governed by the state’s Cannabis Control Commission, but MMJ businesses in the state shouldn’t expect much change. The move brings both the recreational and medical cannabis programs under the control of the same agency. The health department had been regulating the state’s medical cannabis market since sales began […]

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Despite reluctance, adult-use marijuana could be a priority for RI lawmakers in 2019

Opportunities for new and brisk cannabis businesses could develop in a number of states that might legalize adult-use marijuana in 2019, according to some industry experts. One state on that radar is Rhode Island. And, noting some hesitancy, the state’s Democratic lawmakers said they will likely discuss whether to legalize recreational cannabis in 2019. Gov. […]

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Alaska OKs rules for on-site cannabis use, gives jurisdictions some control

Alaska regulators approved rules for on-site consumption of marijuana at some retail cannabis shops – but local governments, by an ordinance or ballot question, could bar on-premise use or certain types of consumption, such as smoking. Cary Carrigan, the executive director of the Alaska Marijuana Industry Association, called the state’s Marijuana Control Board’s 3-2 vote […]

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California issues recalls for 29 marijuana firms caught in Sequoia Labs fallout

The California Bureau of Cannabis Control (BCC) this week identified 29 separate companies that have been told to recall marijuana products after Sacramento-based Sequoia Analytical Labs’ said its former lab director falsified pesticide test results. The BCC also released a list of 848 product batches that were tested by Sequoia after June 30 and may be subject to […]

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California marijuana industry braces for ‘another enormous burden’ from next phase of testing costs

A new round of regulations in California will cause laboratory testing fees to increase more than 40%-55% for some of the state’s licensed cannabis cultivators as well as makers of concentrates and infused products, according to industry experts. The so-called Phase 3 rules take effect Dec. 31. They require all harvested cannabis and marijuana products […]

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Cannabis company Terra Tech sued for alleged theft, deceptive finances

A businesswoman in Reno, Nevada, is suing Terra Tech, accusing the California-based, vertically integrated marijuana company and various defendants connected to the firm of alleged theft, stock manipulation and filing false reports with government agencies, a local TV station reported. According to the lawsuit filed by Heidi Loeb Hegerich in Washoe County District Court, Terra Tech “has a long […]

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NY gov wants to legalize adult-use cannabis in 2019, creating $1.7 billion market

New York Gov. Andrew Cuomo said he’d like to see the legalization of adult-use marijuana in the state early next year, which could create a $1.7 billion market, generate significant new business opportunities in the cannabis industry and curtail the state’s thriving illicit market. According to the New York Times, Cuomo made the announcement Monday during […]

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Pesticides spur MA medical marijuana retail closures; 700 batches failed CA testing

Cannabis cultivators, product manufacturers, retailers and laboratories coast-to-coast are facing closure, failed mandatory tests and increased scrutiny from regulators over pesticide concerns. In Massachusetts, the state’s health department ordered medical marijuana dispensaries in Mashpee and Plymouth to shut because of concerns a cultivation facility used pesticides, which is prohibited for MMJ cultivation under state regulations. According […]

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