Industry observers have predicted more moves by Big Alcohol into the Canadian marijuana market. And that business forecast continues to prove on point with the groundbreaking announcement that North America’s largest wine and spirits distribution company signed an agreement to become the exclusive product distributor for one of Canada’s largest licensed cannabis producers. Under the agreement, […]Read More
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When California released its latest marijuana industry regulations on Friday, the response from cannabis businesses in the state was largely muted. This perhaps indicates that the most disruptive changes are farther down the road before the rules are finalized later this year.Read More
Recreational marijuana sales in Colorado eclipsed $105 million in March 2018, the highest monthly total for adult-use sales in the program’s history. The record-breaking month is part of a broader, seasonal trend playing out in Colorado’s rec market, where sales have consistently spiked in early spring, midsummer and around holidays. Seasonal sales trends are common […]Read More
Pennsylvania approves eight universities to conduct medical marijuana research, a company spurned for a Louisiana license sues the state, and Ohio awards an additional MMJ permit.
Here’s a closer look at some notable developments in the cannabis industry over the past week.Read More
In a historic maneuver that signifies growing support in Washington DC for medical marijuana, a key congressional committee voted Thursday to continue to protect lawful state MMJ programs from federal interference or prosecution. The House Appropriations Committee approved, by a bipartisan voice vote, an amendment by Rep. David Joyce, an Ohio Republican and former prosecutor, […]Read More
Colorado is on the verge of opening its marijuana markets to an influx of fresh capital and investors. State lawmakers last week passed a bipartisan bill that would for the first time allow publicly traded companies to invest in or hold a medical or recreational marijuana license in the state, starting next January. The legislation, […]Read More
One of the biggest facilitators of marijuana deliveries in California faces a possible class-action lawsuit that one Bay Area attorney says could threaten the company’s existence. Farrah Williams, of San Diego, filed suit against San Francisco-based Eaze Solutions on May 2, alleging the delivery business violated federal law by spamming her and other customers with unsolicited text-message […]Read More
If 2016 signaled a high-water mark for state ballot initiatives to legalize cannabis, then this year portends a slow, but steady, flow. A medical marijuana measure will go before Oklahoma voters in June, and similar initiatives are poised to make the November ballots in Missouri and Utah. On the recreational side, an adult-use cannabis measure […]Read More
Consolidation continued in the cannabis industry Tuesday, with four major marijuana businesses from the United States and Canada merging to launch a multinational company with combined revenue forecast to total more than $200 million next year.
Operating under the name Tilt Holdings, the new companies will include the combined operations of Baker Technologies, Sea Hunter, Briteside and Santa Veritas Therapeutics, according to a news release.Read More
With revenue of $5.8 billion-$6.6 billion, sales of legal recreational and medical cannabis in the United States in 2017 topped those of Oreos and organic produce combined. The data – published in the newly released Marijuana Business Factbook – illustrates how quickly the legal U.S. marijuana industry has grown. It now rivals Americans’ collective spending on […]Read More
State-legal cannabis users consume less liquor and medications, according to a report, California isn’t fetching as much marijuana tax revenue as anticipated, and Utah’s MMJ campaign gains a key supporter. Here’s a closer look at some notable developments in the cannabis industry over the past week. Untapped market A study showing that recreational cannabis consumers […]Read More