marijuana industry Archives - Page 3 of 6 - Cannabis Business Executive - Cannabis and Marijuana industry news

Illinois’ ex-pot regulators, pols are cashing in on the exploding industry. A proposed crackdown won’t stop all of them.

A year after recreational pot sales kicked off in Illinois, legalization has been a boon for the few multimillion-dollar companies granted permission to grow and sell weed and a windfall for local and state governments strapped for cash. But it’s…

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…

Florida’s marijuana industry nearly doubled jobs, approached $1.23 billion in sales in 2020

February 22, 2021
AggregatedNews
Florida
0 Comments

The medical marijuana market in Florida created nearly 15,000 new jobs in 2020 and employs an estimated 31,444 state residents, according to a new analysis. Florida recorded nearly $1.23 billion in marijuana sales in 2020, according to the report posted by…

Recreational pot sales have more than doubled since Maine’s market launch

February 17, 2021
AggregatedNews
Maine
0 Comments

Recreational marijuana sales have more than doubled since the market opened in October, with the Maine Office of Marijuana Policy reporting almost $2.5 million in sales in January. Maine’s 15 licensed adult-use retailers reported 33,521 sales worth $2.47 million in…

‘There’s no stopping the industry now’: Democratic control is a big win for marijuana

The day after Democrats swept both Senate seats in the Georgia runoff election — giving them a slim majority and installing pro-marijuana legalization leaders in the upper chamber — Curaleaf Chair Boris Jordan decided to try something big. “I literally called my…

N.J.’s cannabis industry is set to take off. Who can play? What do employers need to know?

December 29, 2020
AggregatedNews
New Jersey
0 Comments

New Jersey Gov. Phil Murphy is expected to sign two bills before New Year’s Day that will give birth to a new recreational marijuana industry in the Garden State and decriminalize the possession of up to six ounces of cannabis. The bills,…

Mobilizing marijuana: Israel’s cannabis industry prepares to go legit

December 19, 2020
AggregatedNews
Israel
0 Comments

Israel’s budding cannabis industry has set its sights on expanding its manufacturing, production and export capabilities, as the country prepares to legalize recreational marijuana in the coming months. Hagit Weinstock is an attorney specializing in cannabis regulation who co-founded the…

How Black businesspeople were left out of Washington’s green gold rush after marijuana was legalized

The news spread like wildfire: Basketball legend Shawn Kemp would break barriers by opening a Seattle cannabis retail store. The October news release proclaimed Kemp’s Cannabis would be the city’s first Black-owned retail cannabis store. But much like racial equity…

Has Colorado’s Marijuana Industry Reached Adulthood?

October 21, 2020
AggregatedNews
Colorado
0 Comments

Colorado's pot industry has finally grown up, according to a new report commissioned by the state Marijuana Enforcement Division. The MED hired the Marijuana Industry Group and the University of Colorado Leeds School of Business to compile a report on the state of the green…

IRS Sweetens The Pot With New Marijuana Industry Web Page

Not sure that things are changing in the tax and legal worlds? Here’s proof that it is: The Internal Revenue Service (IRS) has released a new marijuana business webpage to help business owners understand and meet their tax responsibilities. That’s…

Companies Making CBD Gummies, Vapes, and Lube Got Millions In Bailout Loans

The Trump administration has doled out millions in forgivable emergency loans to companies selling CBD gummies, oils and vape cartridges, despite blocking state-legal marijuana dispensaries from accessing those same rescue funds. At least three specialty CBD vendors scored a total…

In win for local control, Michigan Supreme Court sides with township in marijuana case

The state Supreme Court said that a municipality can enforce zoning laws for medical-marijuana growers. The court reversed a Kent County judge’s ruling, upheld by the state Court of Appeals, that Michigan’s medical marijuana law pre-empted local laws. It was…

Feds Try To Undermine California’s Legal Marijuana Industry Via Selective Prosecution Of Advertising Companies

April 27, 2020
AggregatedNews
Op-Ed
0 Comments

Although California’s Proposition 64, the “Control, Regulate and Tax Adult Use of Marijuana Act” which legalized the sale of recreational marijuana, won by an overwhelming victory four years ago (Yes 7,979,041 = 57.13% vs No 5,987,020 = 42.87%) it was…

Cannabis In Colorado Isn’t Like A Normal Business. The Challenges Of Coronavirus Really Drive That Home

In about two hours, Denver Mayor Michael Hancock taught public officials a valuable lesson about the meaning of the word “essential.” When he announced the city’s stay-at-home order on March 23, Hancock said recreational marijuana dispensaries, as well as liquor stores,…

Marijuana industry tested in virus crisis

The unofficial holiday celebrating all things cannabis arrives Monday as the nation’s emerging legal marijuana market braces for an economic blow from the coronavirus crisis, with many consumers reducing spending or going underground for deals. It was supposed to be…