One big complaint about Massachusetts’ legal marijuana industry: Who is getting all those profits? Efforts to change have been slow moving. Opening today, in Boston, is the first marijuana business in the state to apply through what’s called the social equity program. It was designed to give a leg up to people and communities disproportionately […]
marijuana business
Who’s profiting off the millions that Illinois’ marijuana business is bringing in? State officials are keeping that secret.
Marijuana entrepreneurs are starting to rake in millions of dollars a month in Illinois as customers line up to buy newly legal weed, but who’s profiting from those sales remains secret. Regulators say state law bars the release of almost all the information businesses have to submit to get lucrative licenses to grow or sell […]
10 Michigan communities will vote whether to ban or allow marijuana business
Municipalities across Michigan on Tuesday, Nov. 5, are expected to vote on whether to ban, allow or limit recreational marijuana business within their borders. Michigan voters in November 2018, by a 56%-44% margin, voted in favor of legalizing recreational marijuana possession, personal use and businesses, such as retail stores, growers, testing facilities, transportation and processing […]
Selection process for Missouri marijuana licenses needs racial equity boost, advocates say
As she applies for a state license to make marijuana-infused products for medicinal use, Keyonna Gray is thinking of people in her north St. Louis County neighborhood who were incarcerated for nonviolent marijuana offenses or battled addiction to opioids or other drugs. “I look at it as a way of creating jobs,” said Gray, a […]
38 Attorneys General Ask Congress To Bring Marijuana Money Into Banking System
The attorneys general of 38 states and territories sent a letter to congressional leaders on Wednesday, urging them: Please, let us bank the money generated by the country’s booming cannabis business. Most states and several U.S. territories have legalized medical marijuana, and 10 states and the District of Columbia have legalized adult recreational use. But federal law […]
Ex-Detroit Lion Calvin Johnson gets pre-approval for medical marijuana business
The second time was the charm for former Detroit Lions receiver Calvin Johnson to get preliminary approval for a license to open a Michigan medical marijuana dispensary. Johnson, along with his wife, Brittney, were approved for pre-qualification status on a 4-0 vote Thursday. The location for the dispensary hasn’t been determined yet. Johnson and business partner Robert Sims […]
Growing Marijuana Industry Struggles To Attract Employees Of Color
As marijuana becomes legal around the country, blacks and Latinos are often left out of new business opportunities. Advocates say people of color are often reluctant to join the growing legal marijuana economy because they were targeted far more often than whites during the war on drugs. Studies show members of such communities were arrested […]
7 Marijuana Companies That Could Win the American Market
As more and more states legalize marijuana, American companies are racing to establish multi-state cannabis empires. It is still illegal under federal law, so exchanges like the New York Stock Exchange and Nasdaq aren’t an option for these outfits. Seven of the multi-state chains have raised war chests and listed their stocks on the Canadian […]
Missouri Businesses Look to Profit From Medical Marijuana
Bennie Palmentere has been looking for warehouse space lately. The shelves at River Market Hydro, Palmentere’s small gardening store, are already stacked high with fans, grow lights and row after carefully placed row of plant food. The urban hipster movement toward growing more food at home has already been good for business. Now Missouri is about to […]
Canopy Growth CEO says ‘For sure there’s a marijuana bubble’
Canopy Growth Corporation saw its shares fall 13% on Wednesday after reporting disappointing earnings that included a revenue decline. Analysts had expected better results from Canopy after Canada launched legal recreational marijuana sales on Oct. 17. But Canopy’s (CGC) shares are still up 30% this year. And its cannabis industry peer Tilray is up 360% this year. […]
