Can legal California cannabis sales grow by $1 billion?
This is part of a regular series of MJBizDaily interviews with major THC industry players. To be considered for an interview, contact editorial@mjbizdaily.com. Despite recent contraction, California is still the biggest individual cannabis market in the U.S. It could...
Experiment with city-owned marijuana retail begins in Minnesota
The first municipally owned cannabis store in Minnesota to open for business had a soft launch on Thursday. The Anoka Cannabis Co., located in a suburb north of the Twin Cities of Minneapolis and St. Paul, opened its doors to “cannabis industry insiders” ahead of...
Can Trump marijuana rescheduling break Pennsylvania’s legalization deadlock?
For the fourth year running, Pennsylvania Gov. Josh Shapiro called on state lawmakers to legalize adult-use cannabis during his annual budget address. “Everyone knows we need to get this done, so let’s come together and finally get it over the finish...
Willie Nelson-branded hemp THC drink goes national with $15 million raise
A Willie Nelson-endorsed hemp THC beverage brand said Thursday it’s raised $15 million in Series A venture capital. The injection from LeftLane Capital and Second Sight Ventures will fund a “national retail expansion” for Willie’s Remedy+ after...
Cannabis MSO Ayr cannabis cultivation facility in Ohio sells for $28.5 million
A Chicago-based real estate investment trust (REIT) has sold an Ohio cannabis cultivation facility for $28.5 million. Aventine, a REIT that specializes in investing in cannabis-related properties, acquired the 58,604-square-foot facility on 3.4 acres in Parma from...
Will Florida ever legalize adult-use marijuana?
Will Florida, the largest medical cannabis market in the U.S., ever legalize adult-use marijuana? After a single multistate operator spent more than $200 million on two attempts, only to be thwarted by what critics say was a “deliberate effort” by Republican Gov. Ron...
Oklahoma governor wants to recriminalize $600 million medical cannabis industry
For one of his final acts in office, Oklahoma Gov. Kevin Stitt wants to eliminate legal medical cannabis. Termed out next year, Stitt plans to ask the state legislature to send to the voters a ballot initiative on medical marijuana that would “shut it down,” he said...
Texas lawmakers signal shift from hemp THC ban to regulation in 2027
Texas state lawmakers are learning toward regulating hemp-derived THC rather than banning the popular products — and estimated $5.5 billion market. Last year’s failed attempt to ban hemp THC products highlighted their strong public support, Democratic...
Florida marijuana legalization campaign says there’s still chance to make 2026 ballot
In defiance of the state elections officials who declared the campaign kaput on Sunday, the marijuana multistate operator-funded effort to legalize adult-use cannabis in Florida said Monday it can still qualify for the November ballot. According to Secretary of State...
Michigan cannabis shops tighten security amid surge in break-ins
A recent wave of break-ins and robberies targeting marijuana stores across Michigan has prompted cannabis businesses to bolster their security. Since Michigan legalized recreational cannabis in 2018, marijuana retailers have faced periodic spikes in break-ins,...
Dry January boosts THC beverage sales, but effect is felt year-round
Dry January is not just a month of alcohol abstention. With more Americans seeking alcohol alternatives year-round, January is the launchpad for THC-infused beverages – the cannabis industry’s most aggressive move into the mainstream. ADVERTISEMENT...Featured
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