Cities and towns in New York would still be able to ban marijuana sales under Gov. Andrew Cuomo’s soon-to-be-released plan to legalize the drug statewide. Cuomo, a Democrat, is expected to unveil his full recreational marijuana proposal Tuesday as part of his budget plan and State of the State address, which is set for 2 p.m. But […]
marijuana sales
California collecting far less than expected in marijuana taxes
Deep in Gov. Gavin Newsom’s new budget is a figure that says a lot about California’s shaky legal marijuana market: The state is expecting a lot less cash from cannabis taxes. The Democrat’s proposed spending plan, released Thursday, projects the state will bank $355 million in marijuana excise taxes by the end of June. That’s […]
Marijuana Prices Are Dropping, So Why Aren’t Edible Prices?
Anyone who shopped at dispensaries last year likely noted that marijuana prices were dropping, with flower going as low as $15 an eighth and concentrates like shatter and wax selling for $10 or $12 per gram. So why didn’t edibles get cheaper, too? With wholesale marijuana prices dropping almost 40 percent from the end of 2017 […]
Now for the Hard Part: Getting Californians to Buy Legal Weed
A billion dollars of tax revenue, the taming of the black market, the convenience of retail cannabis stores throughout the state — these were some of the promises made by proponents of marijuana legalization in California. One year after the start of recreational sales, they are still just promises. California’s experiment in legalization is mired […]
80 Michigan communities are blocking recreational marijuana businesses
At least 80 Michigan communities have banned or are moving to ban recreational marijuana retail stores and related businesses. It’s a swift response from local governments in the month and a half since voters chose to legalize marijuana in Michigan. The Michigan Regulation and Taxation of Marihuana Act took effect Dec. 6. Some of those […]
Will California’s Section 5032 Disrupt the Cannabis Market?
By Ian Stewart On December 7, 2018, California’s three cannabis licensing authorities submitted final versions of the state cannabis regulations scheduled to be approved by January 16, 2019. California’s Bureau of Cannabis Control (Bureau) submitted a final version of Section 5032 of the regulations that substantially limits commercial cannabis activity between licensed and unlicensed entities. […]
What is Massachusetts planning to do with all that marijuana tax revenue?
In a recent interview, Boston Mayor Marty Walsh said he hoped the the tax revenue from marijuana in Massachusetts would be worth the “human toll.” Walsh, who opposed the 2016 state ballot measure to legalize the drug for recreational use, later explained that he hoped the money would be devoted toward initiatives that promote public health and safe […]
Medical marijuana in Utah: You can use it, but you can’t buy it
Utah patients can use medical marijuana legally after a compromise agreement was signed into law, but they likely won’t be able to buy it legally until at least 2020, officials said Tuesday. The state will need time to first build up a database to start issuing patients medical-cannabis cards, and then begin granting licenses for […]
Michigan To Become First Midwest State To Allow Recreational Marijuana This Week
Michigan clears a threshold this week as the first state in the Midwest to allow marijuana for more than just medical purposes. In the Nov. 6 election, voters by a wide margin endorsed recreational use by adults who are at least 21. The move comes 10 years after voters approved marijuana to alleviate the effects of […]
Iowa Medical Marijuana Sales Begin Saturday
More Iowans will have an additional option to find relief for their seizures, unbearable pain and other chronic conditions this weekend, marking what some hope is a first step in broader medical marijuana access statewide. Saturday marks the first day products will be made available in Iowa’s expanded cannabidiol program, which is available to Iowans […]
Massachusetts marijuana retail shops’ rollout going ‘mostly according to plan,’ Gov. Charlie Baker says
Massachusetts Gov. Charlie Baker says he’s satisfied with the rollout of the state’s first recreational marijuana retail stores. “I think it’s gone what I would describe, I guess, as mostly according to plan, which is a good thing,” Baker told MassLive. Two stores, Cultivate in Leicester and New England Treatment Access (NETA) in Northampton, opened […]
While marijuana sales begin in Massachusetts, could New York next?
If New York chooses to follow Massachusetts’ lead on recreational marijuana, Tuesday provided a window in to what it might see. Hundreds of people swarmed the New England Treatment Access store on Tuesday morning as Massachusetts became the first state on the East Coast to legalize the sale of recreational marijuana. The store is one […]
Oregon marijuana prices dive — and sales soar
Rampant overproduction in Oregon’s market for legal, recreational marijuana has produced a 50 percent drop in prices, according to state economists. That widely documented collapse has been tough on farmers and retailers — but a boon for consumers. A new state analysis finds the price collapse sparked a big uptick in marijuana purchases and a […]
The first Massachusetts marijuana retail shops are finally opening; Here’s what you should know
Retail stores that sell recreational marijuana are anticipated to open in Massachusetts. More than two years after Bay State voters approved a ballot question broadly legalizing recreational marijuana, state regulators have provided final sign-offs to the stores, and all that’s left is the “commence operations” notice. The specific opening dates are still unclear. It’s a […]
America’s Genius For Branding Is Taking Marijuana To The Next Level
If there’s one thing America does really well, it’s selling products. From Air Jordans to fidget spinners, the U.S. selling machine knows how to crank it out by the millions and create hip products that stick. Some of that success has to do with sleek and novel design, like the iPhone, or the perfect celebrity […]
Colorado cracks a billion in annual marijuana sales in record time, generating $200M in tax revenue
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 […]
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 […]
Ohio’s new medical marijuana industry has a big problem: What to do with its money.
When Ohio’s medical marijuana dispensaries finally open their doors later this year or early next year, they’re expected to rake in a ton of cash. But they’re unlikely to head straight to the bank with it. Most banks and credit unions won’t handle proceeds from marijuana-related businesses because the drug is still considered an illegal controlled substance by […]
