Wholesale cannabis prices beating expectations for 2024
Wholesale cannabis prices are still declining in some state markets but have performed better than expected overall over the past year.
Grown Rogue increases stake in its Michigan marijuana operation
Grown Rogue, an Oregon-based craft marijuana cultivator, increased its stake in its Michigan operation, Golden Harvests, from 52.2% to 80% through two transactions.
Dutchie marijuana retail customers report system crashes on 4/20
Marijuana retailers using Dutchie e-commerce systems reported widespread outages on April 20, the cannabis industry’s top day for sales.
Marijuana operators aim to mitigate 4/20 online outages this year
As the marijuana industry gears up for the biggest sales day of the year, retailers, point-of-sale (POS) and e-commerce service providers are working to avert another online disaster.
Oregon extends moratorium on new marijuana business licenses
Oregon Gov. Tina Kotek has signed into law House Bill 4121, extending the state’s moratorium on new marijuana business licenses.
Marijuana multistate operators continue to flee regulated state markets
Publicly traded marijuana multistate operators exited regulated cannabis markets through late 2023, continuing a pattern fueled by increased capital costs, high taxes and the slow pace of federal reform.
Cannabis operators’ delinquent payments total more than $3.8 billion, report says
Total delinquent payments by U.S. cannabis operators have exceeded $3.8 billion and could balloon to $4.2 billion in 2024 without some intervention.
