MJBizCon will return as a live, in-person event in Las Vegas in October, barring any unforeseen developments related to the coronavirus pandemic, Marijuana Business Daily announced Monday. The 10th annual cannabis trade show, the largest in the industr…
Nevada Medical Cannabis Business & Marijuana Legal News
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…
Wrigley chewing gum heir to take cannabis MSO Parallel public via $1.9B deal
Chewing gum heir William “Beau” Wrigley Jr., the CEO of Atlanta-based Parallel, struck a mammoth deal with an entertainment mogul to take the cannabis multistate operator public through a transaction that values the company at $1.9 billion. Ceres Acqui…
Retail prices for recreational marijuana flower rise in response to record demand amid pandemic
The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state c…
Nevada’s cannabis industry lacks diversity, especially in ownership, survey shows
Nevada’s first official demographic survey of cannabis businesses shows that women and minorities account for a smaller percentage of the local marijuana industry versus their overall representation in the state – especially when it comes t…
Marijuana firm Planet 13 raises $53.9M in bought deal public offering
Nevada marijuana company Planet 13 Holdings raised 69 million Canadian dollars ($53.9 million) on Tuesday in a bought deal public offering. According to a company news release, the money will be used for “potential acquisitions for purposes of re…
Nevada cannabis testing lab targeted for passing tainted samples
Nevada cannabis regulators are accusing a marijuana testing lab of falsely boosting THC potency numbers and allowing contaminated products to pass.
Nevada cannabis testing lab targeted for passing tainted samples is a post from: Marijuana Business Dail…
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…
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…
Vireo closes $4 million purchase of Nevada cannabis production facilities
Cannabis multistate operator Vireo Health said it has finally closed on a 2018 deal valued at $4 million to purchase four Nevada marijuana production licenses. According to a news release, the permits are only for cultivation and manufacturing and won&…