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California cannabis licensing backlog could spur collapse of supply chain, ‘hundreds of businesses’

A California Senate panel on Wednesday advanced a bill – dubbed a “Band-Aid” by one sponsor – in a last-minute bid to prevent thousands of marijuana companies from being temporarily forced out of the legal market and causing chaos in the state’s marijuana supply chain.

But the move is likely to be in vain, at least in the short term.

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Alaska’s marijuana business owners at odds with new governor’s plans for industry

Alaska cannabis industry stakeholders are pressing their case against Republican Gov. Mike Dunleavy’s plan to abolish the Marijuana Control Board, arguing it could harm the state’s MJ market. At a legislative reception in Juneau on Feb. 22 hosted by the Alaska Marijuana Industry Association, business owners told a group of 50 legislators and staffers the […]

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Despite rough 2018, California’s cannabis industry might have reason for optimism

“The year of stability.”

That’s what Lindsay Robinson, executive director of the California Cannabis Industry Association, is hoping 2019 will become in the Golden State.

And it very well could play out that way, especially compared to the roller-coaster turbulence California’s cannabis market experienced in 2018.

But there are many who would scoff at that notion.

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Chart: Adult-use marijuana sales spike 7% on Valentine’s Day

Valentine’s Day isn’t just an opportunity to express love, it’s also an opportunity to spend – a trend that is reflected in retail marijuana expenditures in several adult-use markets. The National Retail Federation (NRF) estimated that total 2019 spending on Valentine’s Day gifts in the United States would exceed $20 billion, making the holiday No. 3 […]

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CA’s use of National Guard to target illegal marijuana grows fuels questions, concerns over potential MJ industry fallout

Legal marijuana companies are cautiously welcoming California Gov. Gavin Newsom’s announcement that 150 National Guard troops will deploy to Northern California to “go after illegal cannabis farms,” but the news also is kindling fears in some industry circles of a renewed, government-led drug war. Many legal marijuana companies have long argued that illicit operators pose a major […]

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