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Combined Medical And Adult-Use Cannabis Sales In Colorado Reach $115.4M In January

Combined Medical And Adult-Use Cannabis Sales In Colorado Reach $115.4M In January

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Cannabis NewsMarch 18, 2024

Colorado Cannabis Sales Hold Steady in January, Year-Over-Year Decline Continues. January cannabis sales in Colorado came in flat compared to December, according to data released by the Colorado Department of Revenue. Combined medical and adult-use marijuana sales earned $115.4 million in January

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More funding needed for New York’s Cannabis social equity entrepreneurs

More funding needed for New York’s Cannabis social equity entrepreneurs

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Cannabis NewsMarch 18, 2024

Challenges and Calls for Equity in New York's Cannabis Industry. In 2023, some 6,900 New Yorkers applied for adult-use recreational licenses, competing for approximately 900 to 1,500 licenses expected to be issued by the NYS Office of Cannabis Management this year. It’s essential to acknowledge the

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Lansing Marijuana business loses licenses over 'illicit' products

Lansing Marijuana business loses licenses over 'illicit' products

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Cannabis NewsMarch 18, 2024

Michigan Marijuana Business Surrenders Licenses for Mixing Legal and Illicit Products. The Michigan Cannabis Regulatory Agency Thursday announced that a Lansing marijuana business would surrender its medical and adult-use processor licenses because it had been mixing legal and illicit products for

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Flipping the script: Cannabis lawyer turns Cannabis entrepreneur

Flipping the script: Cannabis lawyer turns Cannabis entrepreneur

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Cannabis NewsMarch 15, 2024

From Lawyer to Cannabis Entrepreneur: Blake Mensing's Career Shift in Massachusetts. When Massachusetts voters passed a ballot initiative legalizing recreational marijuana in 2016, it opened the door for Blake M. Mensing to establish what would turn out to be a booming legal practice advising

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California Cannabis tax collections are down 20% over two years

California Cannabis tax collections are down 20% over two years

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Cannabis NewsMarch 15, 2024

Debate Over California's Cannabis Taxes Intensifies as Groups Clash Over Raising Rates. California’s cannabis taxes have long been attacked for being unsustainably high, to the point that even state Attorney General Rob Bonta has called for lowering the burden. However, at least one powerful group

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New Buffalo Township pausing new Marijuana dispensary applications

New Buffalo Township pausing new Marijuana dispensary applications

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Cannabis NewsMarch 15, 2024

New Buffalo Township Puts Pause on Marijuana Dispensary Considerations Amid Surge in License Applications. New Buffalo Township is putting a pause on considering more marijuana dispensaries... after already getting 35 license applications. Currently, only two dispensaries are open in the township

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CBD startups see opportunity in Georgia’s hazy Cannabis Laws

CBD startups see opportunity in Georgia’s hazy Cannabis Laws

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Cannabis NewsMarch 15, 2024

Recreational cannabis-based goods try to capture a market that’s still adjusting to legal hemp products. It wasn’t a typical product launch party. Hundreds of guests gathered last weekend at a swanky rooftop lounge in downtown Atlanta to sample drinks, watch dancers twirl flaming batons and ride in

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Delta-8 THC Is Getting Popular Among Teens At School

Delta-8 THC Is Getting Popular Among Teens At School

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Cannabis NewsMarch 15, 2024

The use of Delta-8 THC is becoming significant among high school students, according to a new national survey. The findings published this week in the Journal of the American Medical Association (JAMA) reveal that 11.4% of high school students used delta-8 THC in the past year. What Is Delta-8 THC

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Self-proclaimed 'master greensmith' creates life-like Cannabis plants for television shows and films

Self-proclaimed 'master greensmith' creates life-like Cannabis plants for television shows and films

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Cannabis NewsMarch 14, 2024

London Director's Artificial Cannabis Props Prompt Police Visit. Marko Washke, 56, the company director of Sugavision, suppliers of hyper-realistic, artificial cannabis plants and botanical props, who lives in Brixton, London created cannabis props for the first time in 1999, for the 2000 comedy

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High cost of banking hits Marijuana retailers

High cost of banking hits Marijuana retailers

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Cannabis NewsMarch 14, 2024

Challenges and Hopes for Cannabis Retailers in Washington: The Impact of the SAFER Banking Act. It's been more than a decade since Colorado and Washington became the first states to legalize recreational marijuana. Since then, 19 states have followed. But along the west coast, which dominated the

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Legislative “fix” in the works for Alabama’s beleaguered Medical Cannabis licensing

Legislative “fix” in the works for Alabama’s beleaguered Medical Cannabis licensing

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Cannabis NewsMarch 13, 2024

Legislative Fix in the Works to Address Alabama's Medical Marijuana Licensing Issues. A Legislation would expand the number of integrated licenses from five to as many as 15, ending many of the lawsuits currently facing the AMCC. legislative fix could be on the way for Alabama’s medical marijuana

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Financial relief in sight for NY Cannabis farmers with $128 million Senate plan

Financial relief in sight for NY Cannabis farmers with $128 million Senate plan

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Cannabis NewsMarch 13, 2024

New York State’s beleaguered cannabis growers may be breathing a bit easier today. That’s because details of the cannabis relief fund were included in the New York State Senate 2024 (one-house) budget plan released on Tuesday. The plan, which in tandem with the state Assembly budget blueprint will

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Cannabis store ordered to close for week after selling gummies to minor

Cannabis store ordered to close for week after selling gummies to minor

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Cannabis NewsMarch 12, 2024

A Kelowna cannabis store will be closed for a week next month after being caught selling THC gummies to a 16-year-old. According to a decision from the BC Liquor and Cannabis Regulation Branch, Prime Cannabis on Pandosy Street sold a five-pack of cannabis gummies to an undercover minor working with

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Washington Looks To Scrap 37% Excise Tax On Medical Cannabis

Washington Looks To Scrap 37% Excise Tax On Medical Cannabis

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Cannabis NewsMarch 12, 2024

Medical cannabis patients in Washington could soon no longer have to pay the steep excise tax on their treatment. Washington’s Senate has passed HB 1453, legislation that will exempt medical cannabis patients and designated providers from the 37% excise tax imposed on all cannabis sales. The bill

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Biggest Challenges for the Cannabis Industry in 2024

Biggest Challenges for the Cannabis Industry in 2024

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Cannabis NewsMarch 12, 2024

Challenges and Growth in the Cannabis Industry Amid Evolving Legal Landscape and Economic Factors. The cannabis industry has grown dramatically in recent years in response to expanding legalization and a flood of capital from venture capital firms and other investors. In 2023, voters in Maryland and

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New York State Senate Breaks Ground with Cannabis Legislation Boost

New York State Senate Breaks Ground with Cannabis Legislation Boost

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Cannabis NewsMarch 12, 2024

New York State Senate Unveils Groundbreaking Cannabis Legislation, Allocates $128 Million for Industry Support and Regulation. In a groundbreaking move, the New York State Senate has unveiled significant strides in cannabis legislation, marking a pivotal moment for the industry’s growth and

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New Jersey Cannabis sales top $2B in last 6 years

New Jersey Cannabis sales top $2B in last 6 years

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Cannabis NewsMarch 11, 2024

New Jersey's Cannabis Market Surpasses $2 Billion in Total Sales: Growth Continues with $800 Million in 2023. New Jersey’s cannabis market earned more than $800 million — $800,279,300 — in medicinal and recreational cannabis sales in 2023, according to a Friday announcement from the New Jersey

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Minnesota may open some of the first government-run Cannabis dispensaries in the US

Minnesota may open some of the first government-run Cannabis dispensaries in the US

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Cannabis NewsMarch 11, 2024

Minnesota could become the first state in nine years to open cannabis dispensaries that are run by cities and counties. That’s because of one line in the state’s new cannabis laws that allow for cities and counties to “establish, own and operate a municipal cannabis store.” The law appears to be the

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Michigan will pay millions to Oakland County and a handful of communities from taxes collected on Cannabis

Michigan will pay millions to Oakland County and a handful of communities from taxes collected on Cannabis

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Cannabis NewsMarch 11, 2024

Michigan Distributes $87 Million from Marijuana Sales to Municipalities and Counties: Oakland County Receives $4,38 Million Share. Oakland County and a handful of communities with licensed recreational marijuana retailers will share $4.38 million in 2023 taxes and fees collected by the state on

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Legal Cannabis sellers want Texas CBD market regulated

Legal Cannabis sellers want Texas CBD market regulated

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Cannabis NewsMarch 11, 2024

Legal cannabis sellers want Texas CBD market regulated. The CEO of Texas' largest legal medical marijuana dispensary is calling on Gov. Greg Abbott and state legislators to regulate the sale of hemp-derived CBD products, including Delta-8 and Delta-9 THC. Why it matters: Nico Richardson, CEO of

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