Marijuana shops sold more than $19.7 million in recreational weed the first 12 days of sales in Illinois. The state said consumers made more than 495,000 purchases during that time. Sales figures were highest on the first day, Jan. 1, at almost $3.2 million, and dropped off steadily in the following days. Friday, Jan. 10, […]
Legal Marijuana
Wonder where the recreational marijuana sold in Illinois comes from? Here’s how it’s grown.
All the marijuana sold in Illinois must be grown in the state, and less than two weeks into legal weed sales, customers are realizing growers’ limits. Recreational marijuana sales started off strong on Jan. 1, but within days, some of the 37 dispensaries selling weed to the public had to stop because they ran out. Many of […]
Missouri’s New Medical Marijuana Industry Puts Banks In A Tough Spot
Robbie Guard sees a green opportunity in Missouri’s newest industry — medical marijuana. He runs the Cape Girardeau office for MRV Banks. The 13-year-old institution has just three locations along the Missouri side of the Mississippi River. As a relatively young bank with a small footprint, it struggles to bring in new accounts. Guard hopes […]
Illinois marijuana dispensaries sold more than $10.8 million worth of recreational weed in the first five days of sales. Now, some have halted recreational sales amid product shortages.
Illinois marijuana shops sold more than $10.8 million worth of recreational weed in the first five days of sales, the state said. Customers made more than 271,000 purchases during that time. Now a handful of shops have halted recreational weed sales and plan to remain closed to the public for part of the week as […]
Could cannabis be the next big American export?
In a large warehouse, LivWell Enlightened Health feeds its cloned cannabis plants a custom blend of nutrients, sprays them with filtered water and pumps extra carbon dioxide into the air. LivWell releases three types of insects to clear the plants of unwanted pests without the use of toxic pesticides. Every part of the growing process […]
Utah’s medical marijuana pharmacy locations chosen
The hunt for one of 14 licenses to operate a medical cannabis pharmacy in Utah is over. State health officials on Friday announced the 10 companies that are on track for permission to operate the retail locations, more than half of them strung along the Wasatch Front. Three cannabis retailers are proposed for Salt Lake […]
Nearly $3.2M in Legal Cannabis Sold in Illinois on First Day, State Says
More than 77,000 transactions netted nearly $3.2 million in marijuana product sales on the first day of legal cannabis in Illinois, the state announced Thursday. The Illinois Department of Financial and Professional Regulation reported 77,128 transactions took place at cannabis dispensaries around Illinois, generating $3,176,256.71 on Day 1. “As we start a new decade, Illinois has […]
Travelers caught with weed in Chicago airports won’t be busted, police say
Domestic travelers caught with weed in Chicago airports won’t be busted after Jan. 1, Chicago police say. Even though marijuana will still be illegal under federal law — and it’s illegal to carry across state lines — authorities have no intention of arresting people caught with the drug at Chicago airports, officials said Friday. That’s […]
The 10 Top-Selling Marijuana States in 2019
Even though it hasn’t exactly been the best year for marijuana stocks, cannabis is still projected to be one of the fastest-growing industries over the next decade. Worldwide weed sales have more than tripled, from $3.4 billion to $10.9 billion between 2014 and 2018, and Wall Street has forecast that sales will grow to between $50 […]
A serial tech entrepreneur is trying to create an Amazon-like platform for legal marijuana
It’s been 23 years since California became the first state to legalize medical marijuana, and five years since Colorado and Washington became the first to make recreational pot legal. There’s still a big problem. Cash. A lot of it. Cash isn’t just king in cannabis, it’s almost all there is. “It’s a huge issue,” said […]
Seattle metro area is one of just three in America where marijuana use tops nicotine, data shows
As more states legalize marijuana, the number of adult consumers has been on the rise. But there are only three major metro areas where cannabis is more popular than cigarettes and other products containing nicotine, according to new market-research data. And — you guessed it — Seattle is one of them. More than 700,000 people age […]
Recreational marijuana sales in Massachusetts generated $400M in sales in first year
In its first year of recreational cannabis sales, the state generated $61 million in total taxes on nearly $400 million in marijuana sales, according to figures released Wednesday by state agencies. But state officials say the work to build the industry is just getting started. The figures from the Department of Revenue and the Cannabis […]
POLITICO-Harvard poll: Despite vaping crisis, Americans view e-cigarettes as far more dangerous than marijuana
Americans now think marijuana is much less harmful than alcohol, tobacco or e-cigarettes, according to new polling results from POLITICO and Harvard’s T.H. Chan School of Public Health released Monday. Just 1 in 5 Americans believe marijuana is very harmful to people who use it. Twice as many said the same about alcohol, 52 percent characterized e-cigarettes […]
U.S. Support for Legal Marijuana Steady in Past Year
Americans’ support for legalizing marijuana has held steady at 66% over the past year, after rising 30 percentage points between 2005 and 2018. The latest results are based on Gallup’s annual Crime survey, conducted Oct. 1-13. Not only have 66% favored legalizing marijuana in the 2018 and 2019 Crime polls, but the same level of […]
Thousands of Missourians can now use marijuana as medicine. They just can’t get it legally — yet.
When Matthew Prater drives, he keeps his marijuana out of reach in a sealed container labeled with a state-issued number certifying he has a legal right to possess and use marijuana as medicine. “If I get pulled over I tell them I have a card, am in possession and where it is — and don’t […]
Slow rollout in marijuana sales costs Maine revenue and jobs
From legalization to legal sales, Maine is inching toward the slowest adult-use marijuana rollout in the U.S., with economists saying the three-year wait for stores to open will have cost Maine more than $82 million in taxes and 6,100 industry jobs. The delay has caused some investors and industry experts to take their dollars and […]
Where the 2020 Democratic candidates for president stand on marijuana legalization
The Democrats running for president have thoughts on marijuana legalization. Here they are. The Democrats seeking the 2020 presidential nomination all share a commitment to reducing the penalties for using and possessing marijuana, which remains illegal at the federal level. Many of them support full legalization — as permitted in 11 states and the District of […]
Is Thailand the next big marijuana market?
In East and Southeast Asia, democracies and dictatorships alike have long skewed toward severe penalties for marijuana users. Thailand, a key ally in America’s global war on drugs, has been no exception. But the perception of cannabis has begun to change with astonishing speed. Thailand’s right-wing government recently legalized medical cannabis — and identified the creation of […]
