Nevada retailers sold nearly $200 million worth of recreational cannabis since adult-use sales began six months ago, surpassing the total revenue generated by Colorado and Washington state in the early months of their recreational markets.Read More
And the winner is … The Coffee Joint. That’s the moniker of a proposed coffee shop that wants to allow customers to vape cannabis and use edibles onsite under a social-use permit it was awarded Monday, The Denver Post reported. The company is the first in the city to win one of the permits, which were […]Read More
The Trump administration opposes nationwide hemp production, California takes action against unlicensed marijuana businesses, and Massachusetts fears a medical cannabis shortage. Here’s a closer look at some notable developments in the marijuana industry over the past week. Hemp sector fires back The hemp industry gasped this week when a Trump administration official said hemp production […]Read More
A lawsuit that seeks marijuana legalization nationwide through the courts will face one of its first major hurdles Wednesday, when attorneys present oral arguments to halt the U.S. Department of Justice’s bid to dismiss the case. The suit, filed in July by a collection of plaintiffs that range from a retired NFL player to a young […]Read More
District attorneys are asking Massachusetts marijuana regulators to hold off on the licensing of certain types of businesses, including so-called cannabis cafes and home delivery services. In a letter to the five-member Cannabis Control Commission, the Massachusetts District Attorneys Association says draft regulations that would allow for such businesses go beyond the scope of the […]Read More
A nearly 4-year-old cannabis retail operation in Tacoma has been closed down because it had an unpaid state tax bill of $1.4 million. The Washington state Liquor and Cannabis Board revoked the business license of Rainier on Pine and also seized all cannabis products at the shop, The News Tribune reported. The company, also known as Xander’s Green […]Read More
With a statewide ballot measure in Michigan likely to go before voters in November, the campaign working on the initiative just got some good news. According to a recent poll of Michigan voters, a solid 57% of them already support adult-use legalization, according to a survey commissioned by TV station Local 4 and the Detroit News. […]Read More
Marijuana Business Daily reporter John Schroyer was on the ground in California, posting firsthand accounts detailing the historic, Jan. 1 launch of the state’s recreational marijuana market. Scroll down for an inside account from cannabis business executives pioneering the state’s new adult-use market, which Marijuana Business Daily estimates will generate at least $4 billion in annual retail sales […]Read More
Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity. Despite a couple of record-setting months in 2017 – when sales eclipsed $100 million – the sales gains for Colorado’s rec market have been shrinking over the past three […]Read More
The only current federal law protecting medical marijuana businesses from U.S. Attorney General Jeff Sessions could expire Friday might if Congress doesn’t reach an agreement on the national budget, which is set to expire at midnight ET. The Rohrabacher-Blumenauer Amendment, which prohibits the Department of Justice from using federal funds to interfere with state MMJ […]Read More
Washington state’s cannabis supply continues to swell, flooding the market and causing both wholesale and retail prices to sink.
After the October 2017 outdoor harvest – the state’s largest to date – Jim MacRae, owner of cannabis-focused business intelligence firm Straight Line Analytics in Seattle, says the market will have a 60% larger supply than in 2016.
With an ounce of legal marijuana flower selling for as low as $40 in the state’s retail stores, both shop owners and producers are seeking changes to Washington’s cannabis regulations.Read More
News that federal prosecutors have wider discretion to enforce federal drug law could put at least a temporary damper on investment money flowing into the U.S. cannabis sector, but analysts doubt the money will dry up. U.S. Attorney General Jeff Sessions’ decision last week to rescind Obama-era protections for the legal cannabis industry has created new […]Read More
- July 16, 2018
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