Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19 pandemic but made larger purchases when visiting a dispensary. The shift…
California Medical Cannabis Business & Marijuana Legal News
Colorado hits $2B for 2020 marijuana sales – with December still to count
The oldest adult-use marijuana market in the United States, Colorado, hit a milestone in 2020 when sales surpassed $2 billion for the first time in a calendar year. And that total did not include sales figures for December. According to the Denver Post…
Are recreational marijuana sales in Illinois underperforming given the state’s large population?
While Illinois topped $1 billion in total cannabis sales in 2020 as consumers scooped up adult-use products, the new recreational marijuana market there might actually be underperforming when considering the state’s large population. Illinois con…
Are recreational marijuana sales in Illinois underperforming given the state’s large population?
While Illinois topped $1 billion in total cannabis sales in 2020 as consumers scooped up adult-use products, the new recreational marijuana market there might actually be underperforming when considering the state’s large population. Illinois con…
California marijuana regulatory merger on track for July
California Gov. Gavin Newsom’s 2020 proposal – to merge the three regulatory agencies that oversee the state’s marijuana industry into one new department – has finally been rescheduled and is now slated to be completed by July. …
CA Legislature might ban smokable hemp, permit hemp food, drinks
(A version of this story first appeared at Hemp Industry Daily.) California lawmakers will be faced again with the long-debated question of whether to allow hemp extracts in food and beverages in the state when the legislative session opens Monday. But…
Edibles outperform cannabis industry growth in 2020 on COVID-spurred sales surge
Cannabis edibles sales grew at a rate exceeding the overall growth of the marijuana industry in 2020, prompting manufacturers to invest in research and development and new product lines for 2021.
Edibles outperform cannabis industry growth in 2020 on C…
Some cannabis growers still counting cost of wildfires, but most say industry dodged a bullet
Although the West Coast wildfire season has been over for months, some marijuana companies are still picking up the pieces from a historic wave of blazes that forced thousands to evacuate and endangered countless cannabis businesses across California, …
Columbia Care to acquire San Diego marijuana retailer for $15 million
New York-based multistate marijuana operator Columbia Care announced Thursday it struck a deal to acquire Southern California cannabis dispensary The Healing Center San Diego for approximately $15 million.
Columbia Care to acquire San Diego marijuana r…
L.A. marijuana businesses seek hearings over expired city permits
A small band of the roughly 57 companies whose marijuana business permits expired on New Year’s Eve filed a lawsuit asking a California state judge to order Los Angeles officials to conduct an appeals process or at least a hearing over their lice…