Washington State MMJ News
Online marijuana platform Leafly Holdings said it secured $30 million in new funding in relation to its pending merger with special purpose acquisition company (SPAC) Merida Capital Holdings.
Washington state’s adult-use marijuana industry directly employed 11,330 workers and generated more than $1.4 billion in revenue in 2020, according to a first-ever economic analysis of the market.
Cannabis legalization has taken many paths as it sweeps across the United States.
Colorado and Washington state took the first stab at regulating cultivation, infused products, manufacturing and retail for medical and then adult use.
The business story of the holiday season – record-breaking inflation caused by supply-chain pressure – has hit the cannabis industry especially hard.
Vaccine mandates aren’t popular among cannabis employers, most of whom are too small to face government directives.
Washington state is rolling out its own marijuana seed-to-sale traceability system after having relied on the private sector for years, but so far, the government-run platform’s debut this month has been less than smooth.
Oregon state police last week confiscated roughly 500,000 pounds of unlicensed cannabis with an estimated value of $500 million that had been stored in five separate warehouses.
