Pennsylvania Gov. Tom Wolf, as expected, has made legalizing recreational cannabis one of his administration’s top legislative priorities this year. Wolf highlighted recreational marijuana in his budget proposal Wednesday and mentioned the urgency give…
Medical Cannabis Industry & Recreational Marijuana Business News
Cannabis delivery platform Lantern on its own after Uber-Drizly deal
Lantern, a cannabis delivery platform that started operations in 2020, will operate as an independent private business in the wake of the sale of sister company Drizly to Uber. San Francisco-based Uber Technologies on Tuesday announced an agreement to …
Here’s how to choose the best location for your marijuana retail store
From mom-and-pop shops to corporate chains, everyone in the retail business knows that a carefully chosen location is key to success.
Here’s how to choose the best location for your marijuana retail store is a post from: Marijuana Business Daily:…
Arizona’s new recreational cannabis firms see strong sales, possible supply issues on horizon
Vertically integrated cannabis companies in Arizona’s fledgling recreational market are reporting long customer lines and robust sales after a lightning-quick market launch less than three months after voters approved adult-use legalization. Disp…
France chooses companies to supply free medical cannabis for trial program
The French Agency for the Safety of Medicines and Health Products (ANSM) selected the companies that will supply France’s medical cannabis pilot program that’s intended to provide free products to patients enrolled in the trial. Cannabis co…
Canadian cannabis sales slip in most provinces in November
November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada. November’s sales represent the broadest fall sin…
Cannabis MSO Verano announces $100M subscription receipt financing
Multistate cannabis operator Verano Holdings raised $100 million in subscription receipt financing in connection with a reverse-takeover deal that will see the company go public on the Canadian Securities Exchange. The Chicago-based firm, which current…
Insights into 20 years of organic growth, profitability at marijuana vape maker Storz & Bickel
Focus on your value proposition instead of offering the cheapest product in the category. Figure out how to grow organically using your own financial resources instead of being distracted by your competitors’ latest financing round. Those are jus…
1-gram cannabis flower sales fell in 2020 amid pandemic, but don’t write off the small packet
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…
Virginia looks poised to legalize adult-use cannabis market
Virginia Gov. Ralph Northam’s administration announced an adult-use cannabis legalization plan that would impose a 21% excise tax and provide some licensing preferences for individuals and entities harmed by the war on drugs. Adult-use marijuana …