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 […]
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 […]
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 […]
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 […]
For both cannabis consumers and companies, chalk it up to a lesson learned. The vaping crisis officially kicked off on August 23, 2019, when Illinois reported the first vape-related death. After a rash of hospitalizations and deaths attributed to vaping, the FDA launched a criminal investigation in September. Now it’s high time for the marijuana […]
Let’s face it – Alaska is a vast state (larger than Texas, California and Montana combined), and despite the relatively sparse, far-flung population, they do things big. The state is home to robust oil, timber, mining and fishing industries, but that isn’t all: they can also claim substantial tax revenues from legal cannabis sales. And […]
