Recreational Marijuana News

Impact of California high court medical cannabis ruling unclear for state’s businesses

San Diego failed to adequately analyze the potential environmental impacts of its medical marijuana dispensary law, the California Supreme Court ruled in a decision that might limit the discretion of local governments across the state when approving cannabis stores. The ruling came after San Diego declared its 2014 cannabis law didn’t require any environmental analysis. […]

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Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily

Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But cultivators are still facing regulatory hurdles and the growing pains of keeping […]

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Former MedMen executive joins cannabis competitor

Ben Cook, a former MedMen chief operating officer, joined competitor Calyx Peak, a Nevada-based marijuana company with a presence in four states. In his new role as COO of Calyx Peak, Cook will oversee the entire company’s operations in California, Massachusetts, Nevada and Ohio, according to a news release. Ed Schmults, CEO of Las Vegas-headquartered Calyx […]

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Wholesale marijuana prices on upswing in more mature recreational markets, reports indicate

Wholesale cannabis prices appear on the rise in longstanding adult-use cannabis markets Colorado, Oregon and Washington state, according to two recent reports and insight from growers. The upward-trending prices seem to be increasing because of: Stronger demand and weaker supply beyond the typical summer economic dynamics. More growers going out of business. Farmers pivoting to […]

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Arizona group files recreational cannabis legalization ballot measure

Arizona voters may get a chance to decide next year whether to legalize recreational marijuana, which could open up a host of new cannabis business opportunities if it succeeds. Legalization advocates said they’ve filed paperwork with the Arizona Secretary of State to put the question before voters in 2020. They’ll need to collect at least 237,645 […]

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Massachusetts marijuana company M3 Ventures fined $50K for pesticide use

M3 Ventures, a marijuana company in Massachusetts, was hit with a $50,000 fine by state regulators for using prohibited pesticides at its cultivation facility and lying about it. M3 Ventures, which does business as Triple M, is both a marijuana retailer and cultivator. The company was first forced to quarantine products by the state late […]

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Capital for access: The developing two-way marijuana road between California and Canada

It’s no secret that the number of business relationships between American and Canadian cannabis interests has skyrocketed since federal legalization went into effect north of the U.S. border. From a high-level perspective, it’s a simple trade: money for market access. That’s particularly true in California, which has no in-state residency requirement for cannabis companies and […]

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