Cannabis retailers are taking extra steps to attract and retain senior customers at a time when marijuana use is increasing among older Americans. Senior-friendly dispensaries interviewed by Marijuana Business Daily said they have found success by: Bui…
Recreational Marijuana News
L.A. suburb engaging in kickback scheme for cannabis permits, suit says
A lobbyist allegedly working with city officials in the Los Angeles suburb of Commerce has been soliciting kickbacks in exchange for help with obtaining marijuana business licenses, according to a new lawsuit filed by a cannabis company. Law360.com rep…
New recreational cannabis markets are seeing quicker starts to sales
As public opinion changes and state regulators learn from those who have gone before them, the time it takes from the approval of medical marijuana by voters or lawmakers to the first recreational sales in a market is getting shorter. That could bode w…
Week in Review: Illinois cannabis permits redo, Vermont adult-use progress, Oregon wildfires & more
Seventy marijuana dispensary applicants for recreational cannabis business licenses in Illinois dropped a lawsuit against the state after the governor allowed the losing bidders to make corrections and try again. The lawsuit argued that the state’s lot…
Cannabis firm WeedMD borrows CA$30M from Canadian pension fund
Canadian cannabis grower WeedMD secured a loan worth 30 million Canadian dollars ($22.5 million) from the LiUNA Pension Fund of Central and Eastern Canada, a retirement plan associated with the Laborers’ International Union of North America. R…
Wholesale cannabis bud prices rise significantly in Colorado
The average market rate for wholesale marijuana in Colorado hit a three-year high, according to new figures from the Colorado Department of Revenue. For the quarter from Oct. 1 to Dec. 31, the average market rate for a pound of unprocessed retail marij…
Extreme weather patterns force cannabis growers to rethink cultivation strategies
As extreme weather events ravage the country from coast to coast – including wildfires, floods and early freezes – marijuana growers are being forced to reevaluate their risks and consider changes to their cultivation practices. Outdoor mar…
Oregon loses at least seven cannabis businesses in wildfires; more damaged
Wildfires in Oregon destroyed at least seven marijuana companies and damaged at least a dozen more, according to state regulators, but it’s too early to tell how the fires will affect the state’s cannabis supply chain. According to The Oreg…
Montana recreational marijuana ballot measure would allow only local operators
Montana voters will decide in November if they want to join the growing list of states with adult-use marijuana, and if they do, the market will be one of a shrinking number that allow only in-state residents to comprise the industry. The ballot measur…