By John Schroyer An Arizona-based ancillary marijuana company said Thursday it’s taken the arguably historic step of purchasing an entire town with the aim of transforming it into a cannabis tourism mecca. American Green, based in Phoenix, paid $5 million for the 80-acre town of Nipton near the California-Nevada border.Read More
In a move to ensure they can meet their January 2018 deadline to establish a new regulatory system for medical and recreational marijuana businesses, California legislators have established an “emergency rulemaking process” that won’t include a normal public comment period. The lawmakers fear that going through a typical comment period would prevent the state from […]Read More
If Colorado Springs – the second-largest city in Colorado – were to allow recreational marijuana sales, its share of the state’s cannabis market would double to 14%, according to a new economic impact report by a University of Denver professor. The study also found that allowing rec sales could create 1,320-1,762 jobs for the city as well […]Read More
A group of five diverse plaintiffs have filed suit against the federal government and two Trump administration officials, claiming that marijuana’s status as a Schedule 1 narcotic is unconstitutional and should be changed. The 89-page lawsuit, filed in New York District Court, asks that the Controlled Substances Act of 1970 be declared unconstitutional and that the […]Read More
By Matt Lamers, John Schroyer and Bart Schaneman Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
By Bart Schaneman Alaska’s recreational marijuana business owners are fighting for the right to outfit their shops with a separate space to accommodate full consumption, including smoking, on their premises. The move is largely designed so they can offer the 1 million-plus tourists who visit the state every year a place to consume cannabis.Read More
Marijuana aficionados lined up at pharmacies across Uruguay on Wednesday to be among the first in the South American nation to legally buy cannabis as a law regulating its sale took full effect. Customers showed off blue-and-white envelopes containing the substance, which is now available as part a 2013 measure that made Uruguay the first […]Read More
By Omar Sacirbey
Massachusetts’ recreational marijuana market can expect an influx of business license applications now that lawmakers have agreed on an adult-use bill that will serve as the framework for the new industry.
The market will be strong, observers predict, but the stakes will be high for a coveted license.Read More
By Omar Sacirbey
Canada’s biggest medical marijuana producer, Canopy Growth in Smith Falls, Ontario, serves more than one third of the nation’s MMJ patients and generated 203 million Canadian dollars ($160 million) in revenue last year.
But the company also lost CA$16.7 million.
How? An aggressive expansion plan.Read More
Marijuana Business Daily has expanded into Canada by hiring a full-time reporter to write in-depth stories and analysis about the country’s fast-growing cannabis industry. Matt Lamers, who has worked as a reporter and editor at newspapers and magazines in several countries, will focus on writing for Canadian marijuana business executives, investors and entrepreneurs looking to […]Read More
By Eli McVey Wholesale marijuana prices in Nevada increased sharply around the July 1 rollout of the state’s new recreational program, a week in which businesses faced stronger-than-anticipated demand and supply shortages caused by hiccups in the distribution process.Read More
By Omar Sacirbey and John Schroyer Nevada works to avert a recreational marijuana supply shortage, New Hampshire adds chronic pain and PTSD to its medical cannabis qualifying conditions, and Maryland reorganizes its MMJ commission. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
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