The first day of legal recreational cannabis in Illinois proved to be a lucrative one. On the first day of legal sales, over 77,000 transactions resulted in almost $3.2 million in sales. Those eagerly anticipating a cannabis purchase waited in line outside dispensaries — some queuing up the day before legalization. The amount spent in […]
You might think that with legalization, in California, the “world’s largest marijuana marketplace” would be booming. Nope. Since California legalized weed, the anticipated constant flocking of customers, willing to abide by the law, hasn’t materialized as planned. Sales in the legal marketplace have flat-lined, while black market weed has been filling in the gaps, providing […]
Recreational cannabis was approved by voters and legalized in Maine in November… 2016. The state started accepting license applications on December 5, 2019. Maine already boasts an established medical marijuana program, and analysts predict the state will generate $158 million from the first year of sales. So why the three-year delay from legalization to implementation? […]
The limited parameters of Arkansas’ new medical marijuana industry hasn’t slowed it down in the slightest. The state generated $21 million in sales within the first six months of operation, or an average of $3.5 million per month. The state is selling around 210 pounds of cannabis per week. Those figures exceed those of Illinois’ […]
Counterfeiters have flourished in the global cannabis world, and they are not above stealing and appropriating already well-known brands and logos. While the most popular cannabis counterfeit products are vape carts, some have even started packaging cannabis flower and selling it under imitated brand-names like Canndescent — this according to a recent report by California-based […]
Illicit yesterday, legal today . . . Or maybe not. The patchy legalization of federally illegal marijuana state by state across the US means that if you want to avoid any legal surprises, it’s essential to stay on top of state laws as it relates to cannabis — both medical and recreational. Eleven states and […]
The Food and Drug Administration (FDA) has been active on the CBD front recently, releasing a consumer update claiming that CBD “has the potential to harm” at about the same time as the agency issued warning letters to 15 companies the agency claims are marketing CBD products illegally. While the FDA announced in July that […]
How is it possible that California’s burgeoning cannabis industry is suddenly foundering, resulting in massive layoffs? Voters in the state legalized recreational marijuana in 2016, although it was just in 2018 that rec sales finally started. While the intention might have been to institute a profitable, licensed and legal marketplace, the reality is that lawmakers […]
In a focused effort to eradicate unlicensed and non-compliant entities operating in the recreational marijuana industry, California regulators made a bold statement, suspending 394 cannabis business permits for retailers, distributors, delivery services, and microbusinesses. According to a report from the Associated Press, that’s about five percent of the state’s legal cannabis supply chain, gone — […]
Children of the ’80s, rejoice. Scratch-and-sniff pot packaging could be a real thing in dispensaries very, very soon. In early October, an application for a cannabis container that complies with state regulations while also indicating the content was published by the U.S. Patent and Trademark Office. The inventors, who are from Washington state, came up […]
