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West Virginia Seeks Financial Institution to Handle Medical Marijuana Money
April 23rd, 2019West Virginia Seeks Financial Institution to Handle Medical Marijuana Money State lawmakers passed a bill earlier this year to allow financial organizations, like credit unions, to bid for the job. CHARLESTON — The state Treasurer’s Office hopes to have a request for proposal (RFP) issued within the next month with the goal of hiring a […]
Canopy Kicks Off Cross-Border Cannabis Consolidation
April 22nd, 2019By Kristine Owram |April 21, 2019, 8:00 AM EDT Cross-border cannabis consolidation has begun. Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs. The deal is “the most […]
Maine sets October date to commence recreational cannabis sales
August 14th, 2020In a long-awaited move, Maine regulators set an Oct. 9 date for recreational cannabis sales to begin, nearly four years after voters approved adult-use sales. The state’s Office of Marijuana Policy released the timetable for adult-use cannabis businesses, saying it plans to issue the first licenses Sept. 8 and sales will begin roughly a month […]
HISIERRA® Launches New E-Commerce Website
August 14th, 2020FOR IMMEDIATE RELEASE: South Windsor, Connecticut, USA August 14, 2020– HISIERRA® announced today the launch of its new website offering fast, flexible, order processing for 24/7 retail access of its cannabis packaging line. Visit www.hisierra.com. Customers can view and purchase a variety of HISIERRA® top-shelf, child-resistant cannabis packaging. A customized or stock bag offers an […]
Marijuana legalization plaintiffs make final plea to US Supreme Court
August 14th, 2020The 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, could have implications on the legalization of marijuana federally. But it’s likely a long shot that the Supreme Court will hear the case. Washington v. […]
Canada asks cannabis users to buy legal edibles after kids eat illicit ones
August 14th, 2020Canada’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 are experiencing serious harm resulting in hospitalization,” Health Canada warned in a public advisory. “These products appeared similar to regular candies or foods and were […]
Cannabis REIT Innovative Industrial Properties on a roll with $100M in recent outlays on cultivation, distribution sites
August 14th, 2020Innovative 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 needed cash. The San Diego-based real estate investment trust (REIT) now owns 61 cannabis industrial properties, more than double the 26 it owned a year […]
Montana adult-use cannabis legalization initiative certified for November ballot
August 13th, 2020A 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 ballot initiative, backed by New Approach Montana, would set up a regulated adult-use market with these key business aspects: The state Department of Revenue would […]
Marijuana Business Daily again makes Inc. 5000 list
August 13th, 2020For 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 1,749 on the prestigious list of 5,000 private American firms, with revenue growth of 244% over the past three years. Because this year’s rankings were […]
Colorado’s $158M in June recreational cannabis sales sets mark amid COVID
August 13th, 2020Colorado adult-use marijuana sales in June hit a record $158.1 million as the coronavirus pandemic continued to fuel staggering sales growth. June sales in Colorado represented nearly a 30% year-over-year increase from recreational sales of $122.4 million in June 2019. The sales record marked the first month in the state’s history that rec sales topped […]
Predicted California marijuana business failures haven’t happened, and COVID played a role
August 13th, 2020In 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 investors. Coming extinctions were accepted with near-universal consensus, in part because profit margins had been almost nonexistent since the legal market launched in 2018. Moreover, […]
Oklahoma medical marijuana sales on pace to double 2019 numbers
August 12th, 2020Oklahoma 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 June, retail medical marijuana sales had exceeded $385 million, according to an analysis of Oklahoma Tax Commission data by The Oklahoman. That’s roughly equivalent to […]
New Jersey could see uptick in medical cannabis patients via telemedicine
August 12th, 2020New Jersey health authorities recently gave the greenlight to physicians to write recommendations for medical marijuana through online appointments, also known as telemedicine. The move could lead to a boost in the number of registered patients in the state. According to mHealthIntelligence, the permission came through the New Jersey attorney general’s Division of Consumer Affairs. […]
Vape pens outdistance other ‘Cannabis 2.0’ products in Canada, data shows
August 12th, 2020Marijuana oil vape pens have taken a commanding lead as the most popular “Cannabis 2.0” product in three key Canadian provinces, capturing more market share than other refined cannabis merchandise such as edibles, beverages, concentrated extracts and topicals combined during the first six months those items have been available in Canada. New point-of-sale data collected […]