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Marijuana legalization plaintiffs make final plea to US Supreme Court
The federal statute criminalizing cannabis should be declared unconstitutional, according to a petition filed with the U.S. Supreme Court. The 3-year-old case, if the Supreme Court decides to hear it,…
News August 14Canada asks cannabis users to buy legal edibles after kids eat illicit ones
Canada’s federal health authority is advising consumers to buy cannabis exclusively from authorized retailers after reports of children eating illicit-market products. “Children are accidentally ingesting illegal edible cannabis products and…
News August 14Cannabis REIT Innovative Industrial Properties on a roll with $100M in recent outlays on cultivation, distribution sites
Innovative Industrial Properties is on a marijuana shopping spree, having spent $100 million since April to buy cultivation and distribution facilities around the nation while providing cannabis operators with sorely…
News August 14Canada’s medical cannabis market plateauing since recreational legalization – at least for now
The number of active medical marijuana registrations in Canada appears to have leveled off about a year after adult-use cannabis was legalized in the fourth quarter of 2018, but industry…
News August 14Montana adult-use cannabis legalization OK’d for November ballot
A citizen initiative in Montana to legalize a commercial recreational marijuana program gathered enough valid signatures to appear on the November ballot, according to the Secretary of State’s office. The…
News August 13Marijuana Business Daily again makes Inc. 5000 list
For the fifth year running, Marijuana Business Daily has earned a spot on Inc. magazine’s Inc. 5000 “Fastest-Growing Private Companies” list. MJBizDaily, a Colorado-based marijuana business news and events company, ranked…
News August 13Colorado’s $158M in June recreational cannabis sales sets mark amid COVID
Colorado adult-use marijuana sales in June hit a record $158.1 million as the coronavirus pandemic continued to fuel staggering sales growth.
News August 13Predicted California marijuana business failures haven’t happened, and COVID played a role
In late 2019, many in the California marijuana industry confidently predicted a rash of companies would go under this year, citing the market’s harsh business conditions and a dearth of…
News August 13Oklahoma medical marijuana sales on pace to double 2019 numbers
Oklahoma medical cannabis sales are on track to double this year to roughly $800 million as the business-friendly program that launched in the summer of 2018 continues to thrive. Through…
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