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 […]
Budget outlines. Drafted tax proposals. It’s almost a sure bet that New York is going to legalize adult-use recreational cannabis. Governor Andrew Cuomo pledged to legalize recreational marijuana in 2020, and it appears he’s going to work to do just that. The only glitch? After royally screwing up the state’s medical marijuana program, medical marijuana […]
California generated $635 million in cannabis tax revenue in 2019, thanks to Proposition 64. Passed in 2016, Prop 64, also known as the Control, Regulate and Tax Adult Use of Marijuana Act, legalized the use of marijuana for those over the age of 21, created laws, and assessed taxes to regulate the cultivation, distribution, sale, […]
BLK MKT, a Canadian adult-use recreational cannabis brand owned by LP GTEC Holdings, got plenty of attention recently. Their booth in the Vancouver Lift & Co. trade show in mid-January displayed the slogan, “Once You Go BLK . . . ” Needless to say, that tagline has generated some serious controversy. While it might be […]
After almost a year of waiting and eager anticipation, it’s happened. Alaska’s Marijuana Control Board regulators approved two retail applications. They issued permits for on-site recreational cannabis consumption with a vote of 3-2. The first approved application and license was awarded to GoodSinse LLC in Fairbanks. The business plans to open in the summer. The […]
