It’s really a matter of safety. In California, one of the largest weed markets in the world, unlicensed cannabis businesses outnumber legal ones. And in Oregon, the glut of low-priced legal weed has incentivized illicit growers to export their products across state lines and into states where marijuana is still illegal. With the recent vaping […]
Green Relief, Inc., a Canadian licensed cannabis producer, has run into a bit of a problem. A private shareholder meeting in January revealed a company in financial distress. Two of the three company’s founders, Warren and Lyn Bravo, were accused of misappropriating around $14 million of investor funds for personal use over six years. The […]
The weed is so close you can almost taste it. Vermont is getting closer to legalizing the sale of marijuana — in the last week of February, the state’s Appropriations Committee pushed forward legislation 6-5. The tally clears the way for floor action, and the bill has bounced back to the Senate for reconciliation. Vermont […]
If you legalize it, not only will they come, the money will flow like honey. Recently released data from the Illinois Department of Revenue and New Frontier Data shows that out of $39.2 million in adult-use recreational marijuana sales in January 2020, more than $10 million in tax dollars were generated. The state’s first month […]
The hemp tides have turned, at least for exports. Over the next two years, China has agreed to import hemp from the U.S. as part of an international trade agreement. In the past, the country was one of the main channels of hemp imports for the U.S. According to Hemp Industry Daily, in 2018 the […]
In the era of legal marijuana, compliance is critical, and Maine regulators are reminding folks how to advertise within state laws. Maine’s Office of Marijuana Policy (OMP) issued guidance reminders after cannabis-related ads at Lewiston’s Androscoggin Bank Colisée resulted in an investigation. Parents complained about marijuana ads at the ice rink last November. Some of […]
Despite recent challenges to the cannabis industry, there are high times ahead for projected worldwide cannabis sales. Optimism reigned in an updated market report by ArcView Market Research and BDS Analytics in January. Between Canada and several key U.S. states, the recreational marijuana market blew past sales expectations. What prompted the updated release of “State […]
Since the first wave of cannabis legalization in 2012, the last year has been a challenging one for the industry. Despite the ebb and flow of legal marijuana in the U.S., the economic impact has been significant, to the tune of creating 243,700 full-time jobs for Americans willing to work in the industry, a 15 […]
If this were a martini, it would be shaken and not stirred. Marijuana industry giant MedMen Enterprises co-founder and CEO Adam Bierman stepped down from his role with the company February 1. In the meantime, the board announced Ryan Lissack, the company’s COO and chief technology officer, as interim CEO. The company said it would […]
In addition to creating jobs and generating tax revenue, those states that have legalized marijuana appear to benefit in another way — fostering a robust business environment. Medical and recreational cannabis is legal in 33 states (plus Washington D.C.). Eleven states plus D.C. have legalized recreational marijuana. A new study from researchers at the University […]
