Marijuana sales in Colorado exceeded $1 billion as of August of this year, with tax revenue from those sales coming in at $200 million, according to a report from the Colorado Department of Revenue and its Marijuana Enforcement Division. It’s the earliest point in any of the four years Colorado has had legal recreational marijuana that […]
Legal Marijuana
Canada Is Already Experiencing Cannabis Shortages
Canadians loved their legal weed so much that many stores ran out of stock of the first day of legalized cannabis and no one is sure when the shortages will end. Across the country, smokers of all pedigrees (including one brilliant dude named Tim) either logged onto a website or waited for hours outside a store to get […]
Here are the most popular marijuana stocks as Canada becomes the largest country to legalize
Popular marijuana stocks fell across the board Wednesday, paring extreme gains so far this year, as investors cashed in a bit of their bet as Canada became the largest country to legalize the recreational use of cannabis. After months of political haggling and legal debate, Canada joined the U.S. states of California, Massachusetts, Maine, Alaska, […]
State estimates legalized marijuana could bring in $287.9M in new tax revenue
Legalizing recreational marijuana in Michigan could draw in far more tax revenue than what proponents have been advertising, according to a new analysis from the nonpartisan Senate Fiscal Agency. Should Michigan voters agree to legalize recreational marijuana — on the Nov. 6 ballot as Proposal 1 — the state could bring in up to $287.9 million in […]
Canada Is Legalizing Marijuana Wednesday. Here’s What You Need to Know.
Canada is poised on the edge of a cultural revolution and dramatic social experiment as it prepares to legalize marijuana on Wednesday. Although the move has been planned since Prime Minister Justin Trudeau was elected in 2015, the country is scrambling to get ready for the big day because while the federal cannabis act sets […]
Marijuana is emerging among California’s vineyards, offering promise and concern
It is the fall harvest here in this fertile stretch of oaks and hills that produces some of the country’s best wine. This season, though, workers also are plucking the sticky, fragrant flowers of a new crop. Marijuana is emerging among the vineyards, not as a rival to the valley’s grapes but as a high-value […]
Marijuana and the midterms
Elections can hold significant consequences when it comes to the future of marijuana policy. In 2016 voters in California, Maine, Massachusetts and Nevada approved ballot initiatives legalizing adult marijuana use. While voters in Arkansas, Florida, Montana and North Dakota elected to either legalize or expand medical cannabis access. The outcome of the 2018 midterm elections will be […]
Canadian cannabis industry workers will be able to enter U.S. for pleasure travel
U.S. Customs and Border Protection says Canadian citizens working in the cannabis industry should be able to enter the U.S. for reasons unrelated to the marijuana industry. The agency updated its website Tuesday, providing a measure of clarity after a vague statement last month left the industry and investors facing uncertainty about travel of any kind […]
Low-THC Marijuana Products Could Be A Big Hit in Canada
When Canada launches its fully recreational marijuana market in the next week, the cannabis industry is expected to not only serve those die-hard customers who have dedicated years, maybe even decades to the black market but also those curious people new to cannabis. It is those neophytes on the scene, those with little concern for […]
It Will Be ‘Years’ Before Marijuana Cafes Open In Massachusetts, Regulators Say
The days when marijuana users will be able to congregate at an establishment in Massachusetts and socially consume the drug are years away, cannabis regulators said Tuesday, and it is likely that any social consumption will be limited to vaping and edibles. The Cannabis Control Commission has the authority under the 2016 voter law legalizing adult-use […]
Why can’t Massachusetts medical marijuana labs also test recreational?
By early next month, it will be two years since Massachusetts voters declared they wanted marijuana legalized for recreational use by approving a ballot question. But not one recreational marijuana shop has been permitted to open. State law requires samples be tested to ensure that marijuana products are safe to ingest. A big reason for the […]
This Lab Raised $10 Million To Expand Cannabis And Hemp Cloning Production
Industrial scale production has dominated store shelves for decades. Now that formula is being adopted by the cannabis industry. For Front Range Biosciences (FRB), mass propagation of crops starts in the lab, where consumer cannabis is selectively cultivated and sold to licensed growers. Today, the agricultural biotech startup, which works with coffee strains and industrial hemp clones as […]
Medical marijuana is being harvested in Ohio now but it won’t be available in stores for a while
Ohio’s first legal medical marijuana crop is being harvested this week, but it could be several months before any will be in the hands of patients. Agri-Med Ohio LLC in Meigs County is in the middle of its first harvest. Wellspring Fields in Ravenna completed its harvest earlier this week. Both are smaller, “level II” medical […]
Estimated tax haul from marijuana sales would grow to $134 million per year in Michigan
By the time Michigan’s recreational marijuana market is fully fleshed out, $134.5 million in tax revenues will be flowing into the state’s coffers annually. But there’s a big caveat: Michigan voters will first have to pass a ballot proposal on Nov. 6 to legalize marijuana for adult recreational use. The figures for state tax revenues — […]
Slow rollout on retail marijuana is shrinking Massachusetts’ estimated taxes, advocates say
Saying Massachusetts has missed out on $16 million in marijuana taxes, officials behind the 2016 legal marijuana ballot question on Monday pointed to staffing levels and bureaucracy at the Cannabis Control Commission as potential reasons for the slow rollout of retail sales in Massachusetts. “The Cannabis Control Commission needs to pick up the pace,” Will […]
Marijuana Industry Has New Jersey Politicians Seeing Green
State Sen. Nicholas Scutari (D-Linden) likes to tell the story of the dinner party he attended years ago, when he had just arrived in Trenton. “I said to the table, ‘I’m going to legalize marijuana in the state of New Jersey someday, and they laughed at me and laughed,’” said Scutari, who is also the […]
NY Listening Sessions on Legalizing Marijuana Under Way
New York’s governor, Andrew M. Cuomo, announced two more listening sessions on regulated marijuana will be held, raising the total number to 17 across the state during September and October. The sessions began Sept. 24 and are scheduled to continue until Oct. 17. “As we begin the process of creating a model regulated marijuana program, […]
Pennsylvania Rep. Introduces Recreational Marijuana Bill
Rep. Jake Wheatley, D-Hill District, has introduced a proposal to legalize recreational marijuana in Pennsylvania for people over age 21. Wheatley’s bill would build on the state’s medical marijuana program and allow people to have up to six cannabis plants, with up to three flowering at a time, according to a news release. It would […]
