Recreational Marijuana News

Oregon Landlords Wary of Rec Industry

Entrepreneurs hoping to open retail marijuana shops in Oregon might struggle to find a location if residents legalize cannabis this fall. An informal poll found that roughly a third of local property owners are not willing to lease space to recreational marijuana stores, while 26% said they are not sure if they would. The Portland […]

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Colorado’s 3rd-Largest City Preps for Retail Cannabis Sales

The Denver suburb of Aurora is moving forward with the launch of recreational marijuana sales. Aurora – the third-largest city in Colorado with a population of nearly 350,000 – has officially closed its application window for cannabis shop licenses. The city received a total of 57 applications, according to the Denver Post. It has set […]

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WA Attorney General: Bans OK, but Reasoning Wrong

Two cities in Washington State can prohibit cannabis businesses, just not for the reasons they have stated. That’s the position of the state’s attorney general, who is looking to get involved in lawsuits tied to the bans. The lawsuits challenge moves by Wenatchee and Fife to bar recreational cannabis businesses on the basis that marijuana […]

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Week in Review: Report on CO Rec + Dispensaries Welcome in FL & Lessons From Lawsuit

By Chris Walsh A prominent think tank lends support to Colorado’s recreational cannabis industry, potential dispensary owners in Florida get some good news and a lawsuit underscores business risks tied to the stigma surrounding marijuana. Here’s a closer look at several notable business-related developments in the cannabis industry over the past week:

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Senators Ask Feds for Cannabis Guidance, Consistency

Senators from Colorado and Washington have jointly appealed to the White House and the U.S. Attorney General to coordinate a consistent approach to marijuana policy across federal departments. In a letter sent this week, the lawmakers call out the ongoing disconnect between various federal departments and the impact it is having on the cannabis industry. […]

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Study: WA Rec Industry Not Creating Tourism Boom

Interest in traveling to Seattle has dipped slightly despite the start of recreational cannabis sales earlier this month, according to a new study. The travel website Hopper analyzed billions of online search queries from consumers looking to book trips. It found that searches for travel to Seattle fell about 2% in the week after the […]

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New York Times Urges Marijuana Legalization

The New York Times editorial board is calling for an end to the federal ban on marijuana use and sales, lending some high-level support to the industry. In a weekend editorial, the newspaper takes a balanced approach to the issue, acknowledging that “there are no perfect answers to people’s legitimate concerns about marijuana use.” It […]

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$38.5M Potential Tax Haul From Legalized Cannabis in Oregon

Cannabis legalization in Oregon could generate $38.5 million in taxes for the state during the first full year of implementation, according to a new report. The study, authored by ECONorthwest, examines the economic impact of recreational marijuana sales in the state. New Approach Oregon, the group behind the bid to legalize marijuana this fall, commissioned […]

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Moody’s: WA Rec Sales Could Fall Short of Projections

Initial recreational cannabis sales in Washington State could fall “well short” of expectations due to high tax rates, competition from medical marijuana and delays in the licensing process, according to an updated outlook by Moody’s Investors Service. As a result, the state’s total tax and licensing revenues from retail marijuana will likely be far lower […]

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