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…
Colorado Medical Cannabis Business & Marijuana Legal News
Colorado authorities issue recall of contaminated cannabis
Colorado regulators issued a recall of marijuana from Denver-based Veritas Cannabis, alleging yeast and mold issues.
Colorado authorities issue recall of contaminated cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusine…
Oregon marijuana sales reach record $1 billion-plus in 2020
Recreational cannabis sales exceeded $1 billion in Oregon last year, coinciding with the coronavirus pandemic outbreak and mirroring record-high sales in other legal marijuana markets.
Oregon marijuana sales reach record $1 billion-plus in 2020 is a po…
7 regulatory-related factors for marijuana companies to consider in a debt transaction
2020 saw several high-profile debt transactions in the cannabis industry, with major companies raising hundreds of millions of dollars through such financings.
7 regulatory-related factors for marijuana companies to consider in a debt transaction is a …
Lack of standards, dubious business practices threaten to upend cannabis testing industry
A lack of standards in cannabis testing results is plaguing the industry. Some business owners are shopping around for labs that will give them the results they want to see, while others are sending in adulterated samples. And testing labs are being sh…
Marijuana growers look back on a year that saw a pandemic, wildfires, extreme weather and more
Recreational cannabis growers in mature markets faced an onslaught of challenges in 2020. From wildfires to early freezes to a global pandemic, they had their work cut out for them.
Marijuana growers look back on a year that saw a pandemic, wildfires, …
DEA might start issuing cannabis cultivation permits in early 2021
After years of delay, the U.S. Drug Enforcement Administration could soon begin issuing licenses to businesses and institutions to cultivate cannabis for scientists researching the plant. “I expect them to start issuing licenses no later than the first…
Schwazze acquires six Colorado cannabis stores for $37 million
Schwazze, a Denver-based cannabis company, on Monday said it acquired six retail outlets from Colorado competitor Star Buds in a cash and stock deal worth $37.1 million. The deal announced Monday was a partial step toward completing a $118 million acqu…
Colorado retail cannabis sales already eclipsing record-setting 2019
Colorado’s cannabis retailers set the record for single-year sales, surpassing 2019 numbers, and that’s with only 10 months counted.
Colorado retail cannabis sales already eclipsing record-setting 2019 is a post from: Marijuana Business Daily: Financia…
MJBizCon speaker eyes consumer data to market to cannabis, CBD users
The uncertain regulatory environment in the hemp extract and CBD category is leading to an “explosion” of competitive crowding and consumer confusion, said Deanie Elsner, CEO of Charlotte’s Web, based in Denver, Colorado, at MJBizCon 2020 on Thursday a…