New York is poised to legalize a nearly $2.5 billion-a-year recreational cannabis market after legislative leaders on Wednesday agreed on the program’s framework with Gov. Andrew Cuomo. Retail sales could begin as soon as a year after the legislation i…
Cannabis Industry Manufacturing News
MedMen raises CA$20 million to bankroll marijuana expansion in Florida
Financially strapped MedMen Enterprises said it raised 20 million Canadian dollars ($16 million) at CA40 cents a unit to fund growth plans in Florida’s medical marijuana market. The California-based multistate operator said that under the private…
Missouri revokes licenses of overdue medical cannabis operators
Missouri medical cannabis regulators are revoking the licenses of some businesses that haven’t met their one-year cutoffs to open and didn’t receive extensions. Permits revoked so far include a handful of marijuana manufacturing, transport and testing …
Unique cannabinoid delta-8 divides cannabis extraction industry
A rare cannabinoid that mimics the effects of delta-9 THC but can easily be produced from CBD is grabbing headlines and delivering impressive profits to extractors battling slumping prices for other hemp extracts.
Unique cannabinoid delta-8 divides can…
Cannabis-infused beverage sales up 40%, helped by consumers seeking convenient products
Sales of cannabis-infused beverages are up 40% from a year ago as companies bank on new consumers to the marijuana market finding THC and CBD drinks familiar and convenient.
Cannabis-infused beverage sales up 40%, helped by consumers seeking convenient…
How will new law banning vaporizer shipments impact cannabis businesses?
The U.S. Postal Service will be prohibited from shipping vaping products starting this summer because of a new law that has cannabis businesses worried.
How will new law banning vaporizer shipments impact cannabis businesses? is a post from: Marijuana …
Marijuana trimming machine maker sues Border Patrol for impeding parts
A company that produces agricultural equipment for marijuana and hemp businesses filed a lawsuit in Seattle charging the U.S. Customs and Border Protection with wrongly impeding imports from Canada of components needed by its Washington state subsidiar…
Missouri pushes back deadline for medical cannabis businesses to open
Missouri regulators have extended the deadline for the state’s medical marijuana companies to open after the bulk of them failed to meet the one-year operating cutoff.
Missouri pushes back deadline for medical cannabis businesses to open is a post from…
Mainstream businesses are bracing for minimum-wage hike, but many cannabis firms already pay more
Half the states across the country have increased – or will raise – the minimum wage paid to hourly workers this year, but many cannabis businesses, including retailers, are unlikely to feel much of an impact. That’s because most say they a…
Oregon marijuana firms enjoy booming market fueled by pandemic, consumers shunning illicit suppliers
Oregon recreational marijuana companies are enjoyable favorable economics not seen in years, with demand outpacing supply spurred by the COVID-19 pandemic and more consumers moving away from the illicit market to the legal one.
Oregon marijuana firms e…