COVID-19 Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Marijuana sales in Colorado off by $72M over pandemic high

September 14, 2022
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Colorado
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The waning of the pandemic, along with a decline in demand from customers coming in from out of state, has continued to burn into Colorado’s marijuana market this summer, during what are generally some of the strongest months for pot…

Thailand has legalised cannabis, but its war on drugs continues

Thailand’s reputation is somewhat of a paradox; while it’s long been seen as an adult playground for Western tourists, the country is also notorious for its hard-line stance on drugs. For decades it’s had some of the harshest drug laws in…

Cannabis sales increased across WA during the pandemic. Here’s where sales soared

February 25, 2022
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Washington
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For many people, the pandemic lockdowns increased feelings of boredom, anxiety and loneliness. So it’s hardly a surprise that marijuana use increased, just as alcohol consumption did. But you might be surprised at just how much more cannabis Washingtonians are…

It’s too early to tell whether CBD helps against Covid-19 — but researchers worry that won’t stop CBD makers

The scientists stressed the caveats that early-stage research demands: the compounds they had studied showed hints — in cells in lab dishes and in animals — of being able to combat the coronavirus. Definite answers could only come from clinical…

Omicron strains marijuana industry supply chain in Massachusetts

Licensed marijuana firms cannot legally move pot products across state lines. But that doesn’t mean they’ve been spared the supply chain disruptions wreaking havoc on the rest of the business world. As the Omicron variant surges, Massachusetts cannabis companies are…

Wholesale Marijuana Prices Fall Hard Amid Sales Decline In Colorado

December 21, 2021
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Colorado
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Colorado marijuana sales and prices are both dropping, in what may be more than a seasonal trend. The Colorado Marijuana Enforcement Division's latest average market rate (AMR), a set of median prices for different categories of wholesale marijuana, fell across the…

Cannabis is one industry that’s actually coming out of Covid even stronger

Las Vegas (CNN Business) When members of the cannabis industry descended upon Las Vegas last week for the biggest trade show in the business, there was something stirring in the air. It wasn't the aroma of a freshly lit joint, but…

Did Colorado’s Marijuana Industry Finally Plateau Over the Summer?

Colorado sales figures and budget predictions show that the marijuana industry's growth is finally flatlining after COVID-19's sales boost. Unlike much of the economy, the cannabis industry largely benefited from the COVID-19 pandemic, with Colorado dispensaries breaking records on their way…

Putting CBD to the Test: Study In Brazil Demonstrates Safety, Efficacy

From mid-summer to late fall in 2020, the United States saw an explosion of Covid-19. Total cases rose from approximately 2.1 million to more than 10.6 million, with greater than 240,000 deaths. In the U.S., data from the CDC and…

NBA players representing Team USA to resume marijuana testing

While the NBA has not tested players for marijuana since March 2020, NBA players in consideration to represent Team USA at the Summer Olympics in Tokyo will be subject to World Anti-Doping Agency testing, according to a memo sent to…

Aurora Cannabis reports $164.7 million loss in Q3, launches cost efficiencies plan

Aurora Cannabis Inc. is on the hunt for savings again after reporting a $164.7-million net loss in its latest quarter. The Edmonton-based company unveiled Thursday a plan to accelerate between $60 million and $80 million in annualized cost efficiencies over…

U.S. Cannabis Sales Hit Record $17.5 Billion As Americans Consume More Marijuana Than Ever Before

The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year. Legal sales across the U.S.—15 states allow adult use, 35 allow for medical sales—hit a record of $17.5 billion, a 46% increase from 2019, according to a new…

Consequences of COVID: Severe Stress Rises Among Men

This article explores the impact that the pandemic has had on men in particular and what that might mean for the CBD industry. In September and October 2020, High Yield Insights ran a national study on consumer lifestyles, the impact…

What role can CBD play in alleviating America’s mental health epidemic?

Within hours of the Inauguration Day ceremonies, the National Alliance on Mental Illness (NAMI) issued a press release calling for the Biden administration to help Americans struggling with mental health exacerbated or brought on by pandemic. In NAMI’s words, the…

Maine marijuana shops are seeing brisk business despite pandemic

January 10, 2021
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Maine
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Maine’s rollout of legal marijuana sales has been muted compared with other states because of the coronavirus pandemic, but shops are reporting brisk business nonetheless. Maine wasn’t able to replicate the grand opening scenes that have followed the first sales…