Recreational Marijuana News

Week in Review: Smooth Sailing in Colorado on 4/20 Just What Rec Cannabis Industry Needed

By Chris Walsh Colorado passed another crucial cannabis test last weekend, and it couldn’t have come at a better time for the state’s fledgling recreational marijuana industry. The annual 4/20 holiday went relatively smoothly in the first state to legalize recreational marijuana. Not necessarily from an operational standpoint – long lines at the Cannabis Cup […]

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Lottery for Rec Licenses Underway in Washington

Washington State is holding a lottery this week to determine who can sell recreational cannabis via retail shops, representing a significant step forward for its fledgling marijuana program. Officials will grant up to 334 licenses for locations across the state, with specific caps on the number of stores allowed in each city. More than 2,000 […]

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Capitalizing on 4/20: Preparation, Promotions Key for Cannabis Businesses

By Fred Dreier Marijuana business owners across the country are gearing up for the industry’s biggest sales event of the year: 4/20. Dispensaries can generate three to four times their daily revenue totals on April 20 – the cannabis equivalent of Black Friday for traditional retailers – and the days leading up to it, while […]

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DOJ Chief ‘Cautiously Optimistic’ About Rec Cannabis Programs

The nation’s top law enforcement official said he is encouraged by Colorado and Washington State’s handling of recreational marijuana so far but stressed that the government is ready to crack down if oversight is lax or businesses break the rules. “So far, I’m cautiously optimistic,” United States Attorney General Eric Holder told The Huffington Post […]

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If I Did It Over Again: Tough Lessons From Colorado’s Recreational Entrepreneurs

By Fred Dreier It’s been three months since Colorado flipped the switch on its recreational marijuana industry. During that time, the entrepreneurs at the forefront of retail cannabis have learned valuable lessons about how to operate in the new market. Everyone in the retail cannabis industry made mistakes during the industry’s first days and weeks. […]

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Washington State’s Retail Marijuana License Lottery Set for April 21-25

Washington State’s Liquor Control Board has selected an independent auditor to select the final winners of 334 recreational cannabis retail licenses.  The lottery will be held April 21-25th; winners will be notified May 1st and then be made public May 2nd. Although the State received 2,100 retail applications by the December deadline, only about 1,000 […]

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April Fools: Canadian Recreational Legalization

By Anne Holland According to a Canadian newspaper’s April Fools Day headline this morning, government officials in the province of Manitoba are considering legalizing recreational sales as soon as Easter weekend, and this action could serve as a test case for legalization across the rest of Canada in future. Although no official government statement has […]

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RI Legalization: Increasing Support, Election-Year Difficulties

Legislative support for Rhode Island’s proposed law to legalize recreational cannabis is growing, according to the bill’s sponsor. However, election-year realities may delay the bill’s passage to 2015. State Rep. Edith Ajello (D-Providence) said that 29 members of Rhode Island’s House of Representatives have signed on to the Marijuana Regulation, Control and Taxation Act – more than […]

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Washington MMJ Businesses Still in Limbo

The fate of Washington State’s medical marijuana businesses remains a big question mark after lawmakers sunk a bill that would have folded the MMJ industry into the new recreational program. The measure died in the state’s legislature last week over wrangling on whether the state should divert marijuana-related tax revenues to cities and counties. The […]

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CO Retail Marijuana Sales: $14 Million in January

Colorado’s recreational marijuana shops racked up more than $14 million in sales during January, according to first-of-its-kind data on the nation’s nascent retail cannabis industry. The state’s revenue department announced Monday that it collected nearly $417,000 in standard retail sales tax from transactions at recreational marijuana stores in January. That amounts to about $14.4 million […]

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First Rec License Awarded in Washington State

Washington State has issued its first recreational cannabis license, paving the way for retail marijuana sales to begin this summer. Sean Green, CEO of Spokane-based Kouchlock Productions, was given a producer-processor license Wednesday at a meeting held by the state’s liquor board. The license allows Kouchlock to establish a cultivation site covering up to 21,000 […]

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Black Market Threat to Rec Sales Lower Than Expected: Exclusive Data

By Anne Holland The economic threat the black market poses to legalized recreational cannabis sales may have been vastly overstated. According to a new consumer market research study from the editors of Marijuana Business Daily, more than 60% of cannabis users said their biggest concern when purchasing marijuana is buying it from legal sources. A […]

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