Licensed recreational cannabis sales begin in Illinois, a new Oregon rule could possibly curtail the number of marijuana licenses in the state, Nevada shutters a testing lab – and more of the week’s top MJ business news. Illinois hits 77,000-plus transactions on first day of legal adult-use MJ sales The newest U.S. recreational marijuana market kicked […]
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Long waits and some sticker shock, but Illinois recreational marijuana market launches with a roar, nearly $3.2M in sales
Thousands of marijuana enthusiasts – including Illinois’ lieutenant governor – turned out on a cold New Year’s Day to mark the historic start of adult-use cannabis sales in what could become one of the biggest U.S. recreational markets in the nation.
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Washington state removes online map of cannabis businesses in response to recent burglaries
A recent rash of break-ins at marijuana companies in Washington state has spurred regulators to remove an online map that detailed where cannabis producers and processors were located. “We had a request by some of our stakeholders feeling that having those addresses posted on the website was an easy way for them to be found […]
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Chart: Illinois’ new adult-use marijuana market to attract fierce competition
The start of the new year will launch a flurry of activity for Illinois’ recreational cannabis industry, a sizable new market that will unleash stiff competition for business licenses and could eventually reach $2.5 billion in annual sales. On Jan. 1, recreational sales will begin through existing medical marijuana dispensaries in the state. The next […]
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2019’s top US cannabis business stories: Vape crisis, California MJ industry challenges, landmark legalization moves & more
The U.S. cannabis industry experienced some momentous moves forward on the legalization front in 2019, but it also faced significant obstacles that reflected how the licensed marijuana sector is continuing to mature and why it cannot always expect boom times and unfettered growth. The top page views of the year at Marijuana Business Daily show […]
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The stories behind cannabis companies and their partnerships with mainstream businesses
An unthinkable collaboration not long ago, more and more marijuana businesses and mainstream companies are joining forces on products such as sleep-inducing CBD gummies, infused beverages and pharmaceutical-grade medications.
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Week in Review: Aurora Cannabis execs depart, Curaleaf raises $275M in debt, IL readies for adult-use MJ sales & more
Aurora Cannabis loses two of its most important executives at a crucial time as the company continues to struggle, Curaleaf secures $275 million in debt from a group of lenders, Illinois recreational marijuana retailers get ready for large customer turnout and high demand for New Year’s Day launch – and more of the week’s top MJ business news. […]
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Illinois marijuana retailers in potential $2B market expect long lines, possible supply shortages as adult-use sales kick off Jan. 1
Illinois cannabis retailers are thrilled at the prospect of large crowds of customers and high demand at 6 a.m. CT New Year’s Day, which is when state lawmakers said several stores can begin adult-use recreational sales. Anticipating long lines and cold temperatures, companies are going the extra mile to keep customers happy. One business, for […]
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Cannabis payment provider allegedly owes millions to MJ retailers
Linx Card, which touts itself as a “primary provider” of debit merchant services to marijuana retail stores, has faced a flurry of lawsuits in recent months from cannabis businesses that allege the California firm owes them millions of dollars. Linx includes a platform where customers can load up Linx “gift” or debit cards at a […]
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Chart: Pre-Christmas marijuana product sales increase up to 53%
‘Tis the season for increased holiday spending – and that includes outlays on recreational cannabis products, which saw average category sales increases of more than 50% in 2018 on items designated for both gift-giving and personal consumption. Data from Seattle-based cannabis analytics firm Headset shows that sales in the pre-Christmas week (Dec. 18-Dec. 24) in 2018 […]
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Executives Belot and Battley exit struggling Aurora Cannabis
Aurora Cannabis, one of Canada’s most prominent cannabis companies, has lost two of its most important executives at a crucial time for the Alberta-based company.
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