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Beer Industry Group Pushes Tighter Regulations For Cannabis Products—And Higher Taxes Than Are Levied On Alcohol

Beer Industry Group Pushes Tighter Regulations For Cannabis Products—And Higher Taxes Than Are Levied On Alcohol

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Cannabis NewsNovember 20, 2024

A leading beer industry trade group has put out a statement of guiding principles to address what it calls “the proliferation of largely unregulated intoxicating hemp and cannabis products,” warning of risks to consumers and communities resulting from THC consumption. Among other recommendations

Marijuana Business News

Two-thirds of Minnesota social equity cannabis license applicants denied for inadequate documentation, some shenanigans

Two-thirds of Minnesota social equity cannabis license applicants denied for inadequate documentation, some shenanigans

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Cannabis NewsNovember 20, 2024

A lot of the rejected applicants are “zone flooders or predatory applicants or who do not meet the letter of the law around ownership requirements and expectations.” State cannabis regulators have started giving bad news to about tw0-thirds of the 1,817 social equity license applicants that they

Marijuana Business News

Michigan cannabis prices hit another record low, but industry believes turnaround imminent

Michigan cannabis prices hit another record low, but industry believes turnaround imminent

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Cannabis NewsNovember 19, 2024

The price compression is largely attributed to product oversupply, but the illicit markets also plays a role. Michigan marijuana prices dropped another 6% in October, setting yet another record low and putting more pressure in the already strained cannabis operators in the state. But has the state

Marijuana Business News

Cannabis centre plans to 'tap into global sector'

Cannabis centre plans to 'tap into global sector'

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Cannabis NewsNovember 18, 2024

Cultivating medicinal cannabis on the Isle of Man provides an opportunity to "tap into a global sector”, the a firm set to build a new production facility has said. GrowLab Organics (Glo) was recently given permission by planners to construct a purpose-built complex to grow and export the drug

Marijuana Business News

New York cannabis office approves a 6-month extension for CAURD provisional licenses

New York cannabis office approves a 6-month extension for CAURD provisional licenses

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Cannabis NewsNovember 13, 2024

The New York state Office of Cannabis Management approved a six-month extension for provisional licenses for retailers with former marijuana convictions who want to open a recreational store, the office announced Tuesday. Conditional Adult Use Retail Dispensary Licenses, known as the CAURD program

Marijuana Business News

Why Cronos, Curaleaf, Green Thumb, and More Cannabis Stocks Are Spiking Today

Why Cronos, Curaleaf, Green Thumb, and More Cannabis Stocks Are Spiking Today

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Cannabis NewsNovember 13, 2024

Cannabis stocks got a shot in the arm today after former New Jersey governor Chris Christie said in an interview that President-elect Donald Trump’s pro-business agenda would most likely include descheduling marijuana, which would be a broadly positive development across the industry from a labor

Marijuana Business News

Connecticut Cannabis prices fall as sales increase

Connecticut Cannabis prices fall as sales increase

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Cannabis NewsNovember 13, 2024

The average Connecticut price per gram of cannabis continued to decrease in October. While the data from last month marks the fourth straight month where prices have fallen, the number of adult-use products sold last month increased, continuing a mixed trend. The average price per gram of cannabis

Marijuana Business News

Billions Wiped of US Cannabis Companies’ Market Value Amid Mixed Financial Performance in Q3

Billions Wiped of US Cannabis Companies’ Market Value Amid Mixed Financial Performance in Q3

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Cannabis NewsNovember 12, 2024

US cannabis companies have endured a significant selloff in the days following the results of the election, seeing $2.6bn wiped off their collective market capitalization. The selloff comes as a swathe of leading companies publish their quarterly results, with a number of companies reporting

Marijuana Business News

Missouri’s $1.4 billion cannabis market outpaces states with older programs

Missouri’s $1.4 billion cannabis market outpaces states with older programs

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Cannabis NewsNovember 12, 2024

In less than two years of selling legal recreational weed, Missouri’s cannabis market has grown to $1.4 billion — outperforming states with a longer history of marijuana legalization like Arizona, Colorado and Nevada. “Those are mature marketplaces, and you are surpassing them,” said Laurie Parfitt

Marijuana Business News

Italy plans to restrict nascent 'cannabis light' industry

Italy plans to restrict nascent 'cannabis light' industry

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Cannabis NewsNovember 12, 2024

Italy's flourishing "cannabis light" industry risks being uprooted this year when Prime Minister Giorgia Meloni pushes a bill through parliament to deflower a crop that is legal across much of Europe. The looming legislation is part of a broad range of measures being introduced by Meloni's arch

Marijuana Business News

Future of recreational marijuana sales in Colorado Springs still up in the air as ballot counting continues

Future of recreational marijuana sales in Colorado Springs still up in the air as ballot counting continues

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Cannabis NewsNovember 12, 2024

The future of marijuana sales in Colorado Springs hangs by a slim margin. Two initiatives on the ballot, question 2-D and question 300, are both leaning in favor of allowing recreational sales in the city -- but only by a handful of votes. Nearly a week after Election Day, votes are still being

Marijuana Business News

Rescheduling Cannabis: Are We Entering A New Era?

Rescheduling Cannabis: Are We Entering A New Era?

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Cannabis NewsNovember 11, 2024

This article examines what rescheduling cannabis would involve, the implications for various sectors, and the potential roadblocks that could arise along the way. The rescheduling of cannabis has become a hotly debated issue at the intersection of science, medicine, and policy in the US. For decades

Marijuana Business News

DE Marijuana business license winners announced, retail license lottery set for December

DE Marijuana business license winners announced, retail license lottery set for December

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Cannabis NewsNovember 11, 2024

Those selected for a marijuana business license in Delaware have been officially notified and their names released to the public. The Office of the Marijuana Commissioner officially released a public list of all of those selected for marijuana business licenses in the First State, which includes

Marijuana Business News

Cannabis company vows to sue after New Mexico destroys tens of thousands of pounds of its marijuana crop

Cannabis company vows to sue after New Mexico destroys tens of thousands of pounds of its marijuana crop

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Cannabis NewsNovember 6, 2024

State police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico, marking what regulators say is the largest seizure and destruction of cannabis in New Mexico since new possession and cultivation laws took effect in 2021. Authorities announced the

Marijuana Business News

Company vows to sue over damages after New Mexico authorities destroy cannabis crops

Company vows to sue over damages after New Mexico authorities destroy cannabis crops

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Cannabis NewsNovember 5, 2024

State police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico, marking what regulators say is the largest seizure and destruction of cannabis in New Mexico since new possession and cultivation laws took effect in 2021. Authorities announced the

Marijuana Business News

Daywatch: Regulators approve controversial cannabis dispensary

Daywatch: Regulators approve controversial cannabis dispensary

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Cannabis NewsNovember 5, 2024

Regulators have approved a controversial proposed cannabis dispensary for Chicago’s Streeterville neighborhood, despite a recommended denial from the city zoning administrator. Opponents say it is too close to a school and will delay emergency vehicles. The business was approved by a 3-2 vote of the

Marijuana Business News

New York’s Cannabis Market Could Top Sales of $6bn by 2027

New York’s Cannabis Market Could Top Sales of $6bn by 2027

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Cannabis NewsNovember 5, 2024

New York’s legal cannabis market could see annual sales top $6bn within two years, according to new analysis from Whitney Economics. In a new whitepaper, published by the leading cannabis business consultancy, Whitney Economics reports that the state’s cannabis market has already hit a ‘critical

Marijuana Business News

Cannabis And Professional Pickleball In First-Ever Sponsorship Deal

Cannabis And Professional Pickleball In First-Ever Sponsorship Deal

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Cannabis NewsOctober 31, 2024

Trulieve Cannabis Corp. inks first cannabis sponsorship with professional pickleball leagues. Trulieve Cannabis Corp. (TCNNF) recently made history as the first official cannabis sponsor of professional pickleball. In August, the company announced an innovative agreement with United Pickleball

Marijuana Business News

Judge rules law that shut down thousands of cannabis shops across New York City unconstitutional

Judge rules law that shut down thousands of cannabis shops across New York City unconstitutional

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Cannabis NewsOctober 31, 2024

A Queens judge ruled Tuesday that the local law that let New York City rapidly shut down more than 1,000 businesses accused of selling cannabis without licenses is unconstitutional because it denies shop owners their rights to due process. A statement from the attorney for Cloud Corner, who

Marijuana Business News

Dramatic Drop in Marijuana Use Among U.S. Youth Over a Decade

Dramatic Drop in Marijuana Use Among U.S. Youth Over a Decade

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Cannabis NewsOctober 29, 2024

Marijuana has emerged as one of the most commonly used illicit substances among adolescents in the United States. Given the rising number of states legalizing recreational marijuana for adults and the decreasing perception of risk among adolescents, tracking trends in youth marijuana use is more

Marijuana Business News


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