Marijuana industry will add $123.6 billion to US economy this year
The total U.S. economic impact of regulated marijuana sales could top $123.6 billion in 2025, about 9% more than last year, according to a newly released MJBiz Factbook update. While the overall industry continues to struggle – especially in some Western states...
Tilray is exiting New Zealand’s medical cannabis market to focus on Australia
Tilray Medical is leaving New Zealand’s medical cannabis market to focus on its MMJ operations in Australia. The Sydney-based medical cannabis company said its final day operating in New Zealand will be May 31, according to The Post. ADVERTISEMENT Tilray Medical...
Maryland governor approves marijuana consumption lounges but with no smoking
Maryland regulators will license up to 15 marijuana consumption lounges under legislation signed into law by Gov. Wes Moore – but under some of the strictest rules in the country. Consumption lounge permits are reserved for social equity applicants, and no...
Predatory investors undermine intent of cannabis social equity in New York
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) We can all relate to that sinking feeling when we find out something isn’t aligned with how we understood it. In September 2022, my partner (Marq...
California marijuana testing lab sues state to recover suspended license
A prominent California marijuana testing lab is suing state regulators in a bid to get its suspended license reinstated. In a petition filed April 18 in Sacramento County Superior Court, Long Beach-based BelCosta Labs alleges the state Department of Cannabis Control...
Minnesota targets farmers growing cannabis in $2 million grant program
Minnesota is launching a $2 million grant program to help farmers succeed in the state’s impending recreational cannabis industry. The program, called CanGrow, intends to: Cover training grants to farmers. Loan money to nonprofits that will fund loans to farmers who...
Why cities in regulated marijuana markets still don’t host an official ‘weed week’
SAN FRANCISCO – Every vice seems to have its day in this West Coast city infamous for indulgence. But despite widespread acknowledgment of San Francisco as one of the cradles of legal marijuana in the United States with significant cannabis retail and production...
Court scraps Alabama medical cannabis licensing again
The yearslong odyssey to license medical cannabis businesses in Alabama will drag on longer after a state judge revoked already-awarded permits and ordered a lengthy process to be restarted again. It seems unlikelier than ever that MMJ sales will start in the Deep...
No charges filed in wrongdoing probe of ex-Oregon official with marijuana ties
An investigation into potential wrongdoing by a former Oregon secretary of state who took a side job with a marijuana company has been closed with no criminal charges filed. Federal officials began investigating Shemia Fagan in 2023 after she signed a...
How will Minnesota’s adult-use cannabis market shake out?
The adult-use cannabis market in Minnesota could end up mirroring the state’s celebrated craft beer scene. The state’s two medical marijuana companies – multistate operators Green Thumb Industries and Vireo Growth – were prohibited from converting their...
Doctors who support marijuana rescheduling drop lawsuit against DEA
A group of medical professionals who support rescheduling marijuana have dropped a lawsuit against the U.S. Drug Enforcement Administration that, among other things, accused the agency of rigging the process against changing the drug’s status under federal law....Featured
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