In defiance of hemp THC ban, Edibles.com opens physical retail in Georgia
Ahead of a federal ban on hemp-derived THC products, online hemp product marketplace Edibles.com is making a bold “long term” bet on the sector by opening its first brick-and-mortar retail location. And in a signal that Washington may be taking notice and...
Can the $28 billion hemp industry be saved?
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. Christopher Lackner is on a mission to save the $28 billion U.S. hemp industry. With a federal redefinition...
Are state bans on hemp THC constitutional?
Thanks to a constitutional challenge, Ohio authorities in one county are temporarily forbidden from enforcing a new state law restricting the sale of hemp THC products to licensed cannabis stores. The win in Sandusky County Court for Ohio hemp operators fighting...
Massachusetts cannabis law revamp could double MSO retail footprint
Individual cannabis companies would be able to operate up to six stores in Massachusetts, up from the current limit of three, if proposed changes to state marijuana laws are approved. The overhaul of the rules governing the $1.65 billion market, moving towards...
The secret for successful cannabis retailers: it’s not the purchase, it’s the experience
Customers entering the The Daily Green, a cannabis store in New York City’s Times Square, were greeted with an unexpected surprise on December 1 last year: free bagels, a product launch and an in-store meeting with brand representatives. Behind all the activity...
Cannabis consumers don’t want low-dose THC beverages, California companies claim
Despite their popularity with liquor stores, bars and even event venues, low-dose THC beverages aren’t a hit with cannabis retail customers in California. In fact, cannabis beverages with more than 10 milligrams of THC account for more than 93% of annual state...
Report: North Carolina illicit cannabis market is worth $3 billion
Residents in North Carolina, one of only 10 remaining states with no legal cannabis access, spent about $3 billion on illicit marijuana in 2022, according to a recently released state report commissioned by Gov. Josh Stein. That’s the second-largest illicit...
Can the right data convince banks to lend to cannabis operators?
A new platform promising financial institutions reliable, real-time data could be the missing link that convinces skeptical or risk-adverse lenders to offer crucial capital to cannabis businesses. Denver-based NCS Analytics today launched NCS Thea, which provides...
New York cannabis retailers averaging about $4 million in annual sales
Cannabis retailers in New York state, one of the fastest-growing markets in the country, are averaging about $4 million in annual sales after a year in business, according to results of a state-conducted survey. But less than half of operators who responded to a state...
Two more marijuana MSOs enter Texas medical cannabis market
Two more major multistate cannabis operators are entering Texas’ newly expanded medical marijuana market. Chicago-based MSOs Green Thumb Industries and Cresco Labs were awarded conditional licenses under the Texas Compassionate Use Program (TCUP), the Texas Department...
Major marijuana MSO files for U.S. bankruptcy protections
Major cannabis multistate operator The Cannabist Co. filed for bankruptcy in Delaware on March 25. The MSO has sold off its permits in Virginia, Ohio and Delaware to satisfy creditors, and is in negotiations to sell off other permits. But even after the initial sales,...Featured
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