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How can cannabis consumption lounges turn a profit?

On paper, the idea seems sound: Customers spending time and gobs of money at a welcoming and exciting place to congregate that’s centered around cannabis instead of alcohol.

News April 29
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New Mexico operator loses lawsuit over insurance coverage of medical marijuana

A federal court in New Mexico has dismissed a lawsuit filed by the state's largest medical marijuana operator seeking to get health insurers in the market to cover MMJ expenses.

News April 28
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Michigan trade group wants state to quit issuing new cannabis business licenses

With adult-use marijuana prices plunging, Michigan’s largest lobbying organization for the state's MJ industry is asking lawmakers to stop issuing new cannabis business licenses.

News April 28
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Marijuana industry will add $123.6 billion to US economy this year

The total U.S. economic impact of regulated marijuana sales could top $123.6 billion in 2025, about 9% more than last year, according to a newly released MJBiz Factbook update.

News April 28
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Tilray is exiting New Zealand’s medical cannabis market to focus on Australia

Tilray Medical is leaving New Zealand's medical cannabis market to focus on its MMJ operations in Australia.

News April 25
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Maryland governor approves marijuana consumption lounges but with no smoking

Maryland regulators will license up to 15 marijuana consumption lounges under legislation signed into law by Gov. Wes Moore, but under some of the strictest rules in the country.

News April 25
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Predatory investors undermine intent of cannabis social equity in New York

Social equity is a societal issue. If you are entering or already participating in the cannabis market, look deeply into your reasons for something other than financial gain.

News April 25
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California marijuana testing lab sues state to recover suspended license

BelCosta Labs, a prominent California marijuana testing company, is suing state regulators in a bid to get its suspended license reinstated.

News April 24
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Minnesota targets farmers growing cannabis in $2 million grant program

Minnesota is launching a $2 million grant program to help farmers succeed in the state’s impending recreational cannabis industry.

News April 24
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