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 […]

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 […]

Sales of Cannabis Pre-Rolls Outperformed Market to Grow 50% in 2020

The pre-roll. Simple. Effective. This isn’t your average joint. The pre-roll, otherwise known as a professionally rolled marijuana cigarette, has seen a jump in popularity. Sales of pre-rolls were up 50% in 2020. If you thought covid-pandemic precautions would dampen pre-roll demand, you were wrong. In fact, pre-rolls were the second-fastest-growing product category. Flower was […]

MedMen Co-Founder Return to Cannabis Industry Under Separate Brand

They’ve risen, then crashed, and they have risen again. I’m not talking about Jesus. I’m talking about the co-founders of MedMen. After getting booted from their leadership positions last year in a move discussed extensively around the industry, former MedMen CEO Adam Bierman, and former company president Andrew Modlin, have re-emerged. This time, they’re working […]