marijuana industry Archives - Page 2 of 6 - Cannabis Business Executive

Tribes left behind by America’s marijuana laws

April 6, 2022
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Native American reservations, Native American Tribal Lands
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In a high mountain valley near Taos, N.M., the 300-person Picuris Pueblo tribe can farm whatever they want — except for one lucrative crop that is legal to grow everywhere else in the state: marijuana. The Picuris are a poor…

Marijuana industry exploded in Oklahoma. Why not Texas?

February 23, 2022
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Texas
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In 2018, nearly 57% of Oklahoma voters approved a ballot initiative legalizing medical marijuana. And since then, the industry has exploded. If you’re a Texan who thinks marijuana is only available in liberal cities and states, the reality on your…

Colorado’s cannabis industry makes modest gains in minority ownership

January 25, 2022
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Colorado
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Almost 17% of regulated marijuana business owners in Colorado identify as minorities, according to new data by the Colorado Marijuana Enforcement Division, but one Black entrepreneur contests that there’s much more work to be done. “Cannabis ownership in Colorado is…

As legal sales near, Connecticut cannabis ‘gifting’ parties gain momentum

Seven months into the legal recreational marijuana landscape, Connecticut’s previously underground cannabis community is enjoying public consumption parties where growers show off flower specimens in what they believe is a gray area in the law. Groups such as the CT CannaWarriors, High…

In 2021, Legal Cannabis Industry Scored Wins, But Still Lags In Diversity, Say Experts

As Dickens once wrote, “It was the best of times; it was the worst of times.” This iconic opening line from the novel "A Tale of Two Cities" applied tenfold to the legal cannabis industry in 2021. Although there were…

Massachusetts’ newest marijuana entrepreneur? Steven Van Zandt

Steven Van Zandt is hardly the first musician to break into the nation’s burgeoning legal cannabis industry. But true to form, Van Zandt — a rocker with legendary status in Bruce Springsteen’s E Street Band and actor best known for…

Massachusetts pot shops are a billion-dollar market, but cannabis industry still faces hurdles

While recreational marijuana sales have soared in 2021 as Massachusetts emerges from the pandemic, business complications and governmental actions have slowed the pace of the industry's growth, cannabis advocates say. Massachusetts legalized marijuana in 2016, becoming the seventh state to do…

Expungements, licenses, and local opt-outs: Here’s what’s next for NY’s marijuana rollout

October 13, 2021
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New York
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Recreational marijuana legalization in New York is moving into a new phase. After stifling staff delays brought on by political infighting, newly minted members of the state Cannabis Control Board are now interpreting and shaping the Marijuana Regulation and Taxation Act, the…

Steven Van Zandt Has His Own Cannabis Line Now

On the heels of his career-spanning memoir, Unrequited Infatuations, actor and musician Steven Van Zandt is launching Little Steven’s Underground Apothecary, his own line of cannabis products. “The United States may be the only country in the world that considers health care, both physical…

Paperwork is holding up California’s marijuana industry. Will $100 million fix it?

As thousands of provisional marijuana license holders in California struggle to secure a full annual license, the state is kicking in $100 million to help cities and counties to address the backlog. California voters in 2016 voted to legalize the…

Missouri Medical Marijuana Companies Win Tax Relief From State Lawmakers

Missourians voted to legalize medical marijuana in 2018. But under federal law, growing, transporting or selling marijuana remains a crime. Unsurprisingly, that dynamic has created a lot of headaches for the fledgling industry. One notable example: Unlike every other legal…

Trulieve’s $2.1 Billion Harvest Acquisition Would Create One Of The Cannabis Industry’s Biggest Companies

Trulieve Cannabis, the largest cannabis cultivator and retailer in Florida, announced that it will acquire Harvest Health and Recreation, the largest cannabis operator in Arizona, in an all stock deal valued at $2.1 billion. The transaction must be approved by regulators, but if completed it…

Minnesota legal marijuana advocates focus on racial equity

Marijuana is a burden of Kente Shivers' past, but he hopes it can be his lifeline to a better future. He was charged with felony possession of marijuana in 2017 and sentenced to more than 30 months in prison, a…

Social equity in marijuana industry still largely pipe dream

Terrence Hewing was working for a package delivery company in 2007 when police approached his cargo van in suburban Denver. He was early for a pick up, and someone out for a walk called authorities after seeing him napping in…

New cannabis stores, marijuana tours, and protecting pets from pot on Illinois legislative agenda, but social equity remains a big issue

Plans to create 150 new marijuana stores, allow cannabis tours and make it a crime to get a pet sick from pot are among proposals Illinois lawmakers are expected to consider this spring. The proposed legislation comes as the state’s…