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Chart: California lags other adult-use markets in per-capita marijuana sales

While California has the potential to be the largest legal cannabis market in the world, the state still lags other recreational markets in per-capita sales – due in large part to the continued prominence of the illicit marijuana market and restrictive regulations. California’s per-capita cannabis sales by the second year of operations only added up […]

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Cannabis ETFs post steep declines in line with marijuana stocks, but longer-term prospects appear bright

Cannabis-focused exchange-traded funds have emerged over the past few years in the United States, Canada and now Europe, but their recent sharp declines have mirrored tumbling marijuana stocks and made it tougher for some ETF operators to attract investors. But the longer-term outlook for ETFs – where baskets of marijuana securities are traded as one stock […]

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Week in Review: UN drug chief ponders validity of cannabis control treaties, coronavirus effects on marijuana sector, US authorities loosen hemp testing rules & more

The United Nations narcotics enforcement agency president considers whether drug control treaties are outdated, experts share insights on how the coronavirus might affect the marijuana industry, MJ labs could see new opportunities in testing hemp – and more of the week’s top cannabis business news. UN drug chief questions drug control conventions The head of the […]

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Cannabis regulators growing stricter in enforcing licensing rules but also willing to negotiate with companies

State marijuana regulators increasingly are enforcing strict regulations involving dispensary caps, residency requirements and ownership rules – actions that could harm the reputations of cannabis companies and jeopardize lucrative licenses that are sometimes worth upwards of millions of dollars. The increasingly assertive stance by regulators already has sparked legal skirmishes around the country, forcing some […]

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Concerns looming over coronavirus impact on cannabis industry, but some US firms could gain from fallout

Marijuana and hemp companies of all stripes – from growers to retailers – are likely to join other global industries feeling the fallout from the coronavirus outbreak. That’s largely because so much inexpensive cannabis hardware is made in China but also stems from the economic shock the virus is inflicting on the world economy, industry […]

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In major shift, UN drug chief questions whether control treaties involving cannabis are out of date

The president of the narcotics enforcement agency of the United Nations is questioning whether the agency’s decades-old drug conventions are outdated given global policy developments in recent years involving drugs such as cannabis. During a presentation Thursday for the International Narcotics Control Board’s (INCB) 2019 annual report, President Cornelis P. de Joncheere discussed the developments taking place with regard […]

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Vermont House gives initial OK to recreational cannabis sales, putting state on track to $160M market

The Vermont House of Representatives on Wednesday gave initial approval to legislation that would legalize adult-use marijuana sales, paving the way for a potential $130 million-$160 million market within five years of launching, according to Marijuana Business Daily estimates. The state House endorsed the measure by a vote of 90-54. The state Senate earlier passed […]

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The science of medicinal, lifestyle cannabis products at the forefront of sixth annual Emerald Conference

The Emerald Conference, which focuses on how science and data support several sectors of the cannabis industry, kicked off Wednesday in California. The event, now in its sixth year, is an industry forum for discussion on best practices in cultivation, production and quality assurance through the lens of science. The conference runs through Saturday at […]

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