by Andrew Long | Apr 24, 2024 | News
The total U.S. economic impact generated by regulated marijuana sales could top $112.4 billion in 2024, about 12% more than last year, according to analysis from the newly released MJBiz Factbook. While the industry has experienced sales declines – especially in...
by Chris Roberts | Apr 24, 2024 | News
Supporters of long-awaited cannabis banking reform are pinning hopes on Congress packaging a marijuana bill with must-pass legislation. Congress has yet to get the SAFER Banking Act across the finish line despite almost a decade of trying – and repeated success...
by Kate Robertson | Apr 24, 2024 | News
Minnesota marijuana stakeholders are concerned that the forthcoming adult-use market will be undersupplied and/or delayed if cultivators can’t begin growing before lawmakers finish deliberating over the program’s rules. Legislators voted against a proposed amendment...
by Solomon Israel | Apr 24, 2024 | News
The government of Manitoba plans to reverse the Canadian province’s ban on home cultivation of recreational cannabis, according to local media reports. Manitoba and Quebec were the only two provinces to enact rules against growing adult-use marijuana at home...
by Chris Casacchia | Apr 24, 2024 | News
Kentucky will implement a lottery system to award the first medical marijuana business licenses, Gov. Andy Beshear announced. Applicants will have to clear a screening process before applying for one of the state’s limited licenses, according to the Associated Press....
by Chris Roberts | Apr 23, 2024 | News
(This story has been updated to clarify that no formal union vote was taken.) In a reversal for organized labor after years of positive momentum in the regulated marijuana industry, employees at a Cresco Labs cannabis cultivation facility in Fall River, Massachusetts,...
by Chris Roberts | Apr 23, 2024 | News
Unionized workers at a Curaleaf Holdings marijuana store in Arizona remain without a contract despite a brief 4/20 protest on Saturday. The demonstration at the company’s Camelback and Midtown locations in Phoenix by United Food and Commercial...
by Kate Robertson | Apr 23, 2024 | News
Two prominent New York cannabis industry associations disagree about whether regulators should accelerate the issuance of retail licenses in the state. The Cannabis Farmers Alliance sent a letter to Gov. Kathy Hochul’s office pleading for “immediate and...
by Solomon Israel | Apr 23, 2024 | News
Utah’s legal medical marijuana market now serves more than 83,000 patients, according to the latest monthly report from the state Department of Health & Human Services’ Center for Medical Cannabis. The report for March 2024 counted 83,421 registered...
by Kate Robertson | Apr 22, 2024 | News
Hundreds of customers flocked to the Great Smoky Cannabis Co. on 4/20 to celebrate the launch of medical cannabis sales on tribal lands near Asheville, North Carolina. The Eastern Band of Cherokee Indians (EBCI) began MMJ sales Saturday at a 10,000-square-foot...
by Chris Roberts | Apr 22, 2024 | News
A long-delayed social equity fund intended to prop up small marijuana businesses in Massachusetts has launched. Massachusetts Gov. Maura Healy last week awarded the first grants – totaling $2.35 million – from the state Cannabis Social Equity Trust Fund....
by Matt Lamers | Apr 22, 2024 | News
Cannabis multistate operator Curaleaf Holdings completed its acquisition of Northern Green Canada, a licensed producer in Ontario whose focus has been on international markets. The terms of the acquisition include an initial payment at closing of Curaleaf’s...