marijuana industry Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

The exodus at NY’s Office of Cannabis Management continues

At least four high-ranking employees at New York’s Office of Cannabis Management have recently resigned their positions, a month after NY Cannabis Insider reported on other high-profile departures from the agency. The OCM confirmed the agency received notices of resignation…

Social equity marijuana businesses sold ‘bag of dreams’ in Massachusetts

EVEN BEFORE CANNABIS was legalized, Kijana Rose knew cannabis could make yoga a better time. Rose, 34, has been teaching ganja yoga for seven years and has been selling cannabis edibles for even longer. Her family is Rastafarian and she grew…

US Marijuana Industry Hits All-Time High

The legal cannabis industry is thriving in the U.S., reaching its highest-ever number of jobs and sales, a new report shows. Vangst, a cannabis industry job platform, found that at the beginning of the year, there were 440,445 full-time-equivalent jobs…

Tennessee cannabis products industry worries: Could new regulations stop sales in state?

February 12, 2024
AggregatedNews
Tennessee
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Michael Soloman, one of Tennessee's leading sellers of legal cannabis, believes the state is engaging in regulatory bait and switch. On the one hand, a new law went into effect last year, regulating the sale of hemp-derived products to those 21…

Michigan’s cannabis industry turns 5 this year. What to expect.

February 9, 2024
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Michigan
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Michigan's cannabis industry sold $3 billion in both recreational and medical marijuana in 2023, making the state the second biggest cannabis market in the U.S. behind only California. Prices remained relatively low for consumers and sales show no sign of slowing…

Big Papi takes a swing at Maine cannabis market

Papi Cannabis, a line of products developed with Major League Baseball Hall of Famer David Ortiz, is blowing into Maine through a partnership with JAR Cannabis Co. The partnership marks Papi Cannabis’ entry into the Maine market at the beginning of April, when Ortiz's…

The SAFE Banking Act’s Potential Impact On The Marijuana Industry

The Secure and Fair Enforcement (SAFE) Banking Act, a proposed legislation aimed at allowing banks to do business with companies operating legally within states that have legalized marijuana, had the potential to change the way the marijuana industry operates. Despite…

The Sinaloa Cartel is losing its marijuana business, and El Chapo’s sons are going after the ‘premium weed’ market to make up for it

December 13, 2022
AggregatedNews
Mexico
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Culiacán, SINALOA — The Sinaloa Cartel wants to take back a business that had long belonged to it but has been lost to producers in US over the past decade. As more and more US states legalize marijuana for recreational…

Cannabis: ‘The U.S. is a $100 billion opportunity,’ Tilray CEO says

The U.S. market for cannabis is staggering, according to Tilray (TLRY) CEO Irwin Simon — even as it awaits a green light from Congress. "The U.S. is a $100 billion opportunity in cannabis," Simon told Yahoo Finance Live (video above).…

Massachusetts Legislature approves marijuana industry reforms

Massachusetts lawmakers early Monday morning approved a package of significant changes to the state’s booming marijuana industry, answering longstanding calls for reform from advocates and entrepreneurs. The bill would crack down on steep local fees charged to marijuana operators, steer…

Inside Denver’s struggles to diversify its $700M marijuana market

Ari Cohen was set up for success in Denver’s trailblazing weed market. The New Jersey native had a successful career in the food and hospitality industry in New York City. He parlayed that experience into running operations for a multi-state…

Mississippi’s medical marijuana industry goes into effect tomorrow

The Mississippi law that will legalize medical marijuana goes into effect tomorrow, and farmers will then be allowed to start crop production. But experts say it will take some time before patients can purchase product. This Friday, dozens of laws…

Marijuana business is booming in Sacramento and so are the jobs that come with it

The cannabis industry in the city of Sacramento has become the ninth largest employer with nearly 8,000 workers four years after recreational marijuana was legalized, shows a report commissioned by city officials. “It’s a remarkable turn of events” said David…

Missouri

Canna-cocktails and gummies: Missouri’s marijuana industry preps for legalization

Missourians won’t vote on fully legalizing marijuana until later this year. But the industry is confident. Over and over at its latest convention on Friday, leaders of one of the state’s newest business sectors spoke of the change as inevitable,…

NY’s Cannabis Workforce Initiative aims to train next generation of entrepreneurs

When Amy Desjardins started advocating for New York to legalize medical marijuana, the cannabis industry’s job creation potential was central to her support. As executive director of the nonprofit Workforce Development Institute, she felt the weed industry could become a huge driver…

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