Study Shows Marijuana Can Both Help and Hinder Start-Up Businesses

A recent first-of-its-kind study harbors both good and bad news for start-up entrepreneurs who use marijuana – while it may help inspire bold and innovative business ideas, those ideas are often not very realistic in practice. The study, courtesy of researchers at Washington State University, assessed the business ideas generated by both users and nonusers […]

Why The Largest Cannabis Company in the World Still Won’t Enter the US Market

Tilray and Aphria’s merger arguably created the world’s largest cannabis company. The two Canadian marijuana giants joined forces in May – operating under Tilray’s name – and now have an empire that extends around the globe. Tilray is licensed to cultivate, sell and import-export marijuana and CBD products in more than twenty countries, including some […]

Amazon Will No Longer Test Prospective Employees for Marijuana

Amazon pledged to no longer test most of its prospective employees in the US for cannabis use and has lent its support to a comprehensive federal bill that would decriminalize cannabis. “In the past, like many employers, we’ve disqualified people from working at Amazon if they tested positive for marijuana use. However, given where state […]

Will New York’s Social Equity Program Set the Standard for Others to Follow?

When Oregon and Colorado first legalized recreational cannabis, promoting social equity in the new industry was not at the forefront of most lawmakers’ minds. Over the years, however, calls to ensure marginalized communities and those most harmed by the war on drugs benefit from legal sales of cannabis have grown. Now, provisions aimed at promoting […]

Illinois’ Marijuana Industry Now Generates More Tax Revenue than Alcohol

Marijuana sales tax revenues in Illinois were higher than for alcohol in the last quarter for the first time since legal sales began in the state on January 1, 2020. Figures from the state Department of Revenue indicate Illinois took in around $86,537,000 from recreational cannabis taxes, whereas liquor sales generated approximately $72,281,000 in tax […]

Florida’s Marijuana Market Is Poised for Explosive Growth

Florida is on the cusp of adult recreational use marijuana legalization. Cusp doesn’t begin to describe the sheer potential a recreational marketplace has in the Sunshine State. The state currently has a framework to support the current number of 22 Medical Marijuana Treatment Centers (MMTC), expanding their own operations via vertically integrated licensing. The state’s […]

New Jersey Implements Projected $1 Billion Recreational Cannabis Market

New Jersey is jumping aboard the cannabis train. Voters in the state recently legalized adult-use; anticipated annual sales are expected to top a billion dollars by 2024. Whether or not this development will push other neighboring states, like Maryland and Virginia, to legalize recreational cannabis remains to be determined. Still, marijuana advocacy groups like the […]