Increased consumer demand for cannabis in Oregon helped push wholesale prices in the state out of a three-year slump caused by overproduction. For the first time since 2017, the median price per pound of recreational marijuana sold by cultivators to re…
United States Cannabis Industry & Marijuana Business News
Arkansas medical cannabis sales hit $175M in 2020, could double this year
Medical marijuana sales in Arkansas reached $175 million in 2020, ending the year with a record $1.22 million day. The Marijuana Business Factbook projects that Arkansas MMJ sales will nearly double this year to $300 million-$365 million, boosted by ne…
Washington state forms compliance group to assist marijuana businesses
Washington cannabis regulators developed a compliance task force to assistant marijuana businesses in following the state’s laws.
Washington state forms compliance group to assist marijuana businesses is a post from: Marijuana Business Daily: Financial…
Marijuana companies weigh how to approach COVID-19 vaccinations for employees
Cannabis companies are seeking clarity on Covid-19 vaccinations for employees as the pandemic continues to cause logistical challenges in keeping workers safe.
Marijuana companies weigh how to approach COVID-19 vaccinations for employees is a post from…
Have cannabis residency requirements worn out their welcome?
Montana voters passed a recreational marijuana initiative on Election Day that will require licensed operators to be state residents, as is now the case with its medical marijuana program.
Have cannabis residency requirements worn out their welcome? is…
New Mexico medical cannabis operator ups pressure to boost plant-count limits
New Mexico’s leading medical cannabis company is trying to compel a court to force state regulators to increase the marijuana plant-count limit, claiming the restriction has resulted in a crisis of insufficient supply and high prices in the rapidly gro…
Wildfires that damage marijuana crops are focus of new federal group
In response to the 2020 wildfires that engulfed the western U.S. and harmed many marijuana cultivators, two federal departments are banding together “to ensure better forest management effectiveness” in the fight against such natural disasters.
Wildfir…
Cannabis MSO Cresco prices Canadian share offering to raise $125 million
Chicago-based multistate cannabis operator Cresco Labs priced an overnight marketed share offering, designed to raise roughly $125 million, at 16 Canadian dollars ($12.56) per share. The offering of Cresco’s Canadian subordinate voting shares was…
A marijuana pioneer changes course: Q&A with Harborside co-founder Steve DeAngelo
Steve DeAngelo is one of the marijuana industry’s most high-profile pioneers. But earlier this month, DeAngelo and the Oakland, California-based company he co-founded in 2006, Harborside, formally parted ways. Moreover, the role of chair emeritus…
Judge: California has 30 days to inform marijuana firms about billboard ban
A California judge ruled this week that state marijuana regulators have 30 days to inform businesses of a new ban on billboard advertising. San Luis Obispo County Superior Court Judge Ginger Garrett ruled in November that billboards advertising cannabi…