Early sales of regulated adult-use cannabis chipped away at the illicit market in the final quarter of last year – the first period of legal recreational cannabis sales – with black market purchases declining 8% in the October-December period, according to fresh data from Statistics Canada. Legalization came into force in mid-October. Illicit cannabis sales declined from…
Colorado’s $1.5 billion-a-year marijuana industry appears on the threshold of opening its recreational and medical markets to a potential rush of outside investors and capital, almost a year after former Gov. John Hickenlooper shot down similar legislation. Bipartisan legislation that would allow publicly held companies to both invest in and hold marijuana licenses in Colorado…
California state marijuana regulators announced Friday they are accepting grant applications from cities and counties that are implementing social equity programs for local cannabis businesses. The state’s Bureau of Cannabis Control (BCC) will award $10 million to qualifying jurisdictions by June 30 as part of a growing movement to repair social harms done by the…
Michigan Gov. Gretchen Whitmer is abolishing the board that considers medical cannabis licenses, a decision she based on the group’s struggle to make timely decisions. A new body – the Marijuana Regulatory Agency – will conduct the licensing for both the medical cannabis market and the state’s emerging recreational marijuana program, the Detroit Free Press…
North Dakota’s first medical marijuana dispensary opened for business Friday in a Fargo mini-mall, but potential customer numbers remain relatively low. The state began accepting applications in October from residents for medical marijuana cards, but only 122 people were certified as of this week, according to state regulators. North Dakota expects that number to climb…
A new report predicts Illinois’ 16 licensed marijuana cultivators would be able to supply just 35%-54% of demand if recreational marijuana is legalized, underscoring the potential size of the state’s adult-use market. According to the report commissioned by Illinois legislators, annual demand could top 550,000 pounds of cannabis if the state OKs adult-use marijuana, the…
A number of cannabis recalls over labeling errors and mold is a sign that the federal health department’s regulatory oversight is working, an industry representative said. Seven notices involving cannabis have been posted to Health Canada’s recall portal since Oct. 17, representing a fraction of the overall production. No recall notices were posted in the…
Adult-use cannabis bills move ahead in three states and other top stories from the week ending March 1 (SLIDESHOW) is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Vermont’s Senate is poised to give final approval to legislation establishing a commercial recreational marijuana market, after giving a preliminary thumbs-up by a lopsided 23-5 margin. The bill will receive a final Senate vote – probably on March 1 – before heading to the House, where it is expected to run into more resistance. Gov.…
Michigan regulators are asking for volunteers to provide input for the state’s new recreational marijuana industry rules, and the cannabis industry is responding to ensure its views are heard. The state is forming work groups to cover four regulatory topics: Existing medical marijuana license holders interested in entering the adult-use market. Municipalities that are considering allowing licensed…