pandemic Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Marijuana sales in Colorado off by $72M over pandemic high

September 14, 2022
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Colorado
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The waning of the pandemic, along with a decline in demand from customers coming in from out of state, has continued to burn into Colorado’s marijuana market this summer, during what are generally some of the strongest months for pot…

Omicron strains marijuana industry supply chain in Massachusetts

Licensed marijuana firms cannot legally move pot products across state lines. But that doesn’t mean they’ve been spared the supply chain disruptions wreaking havoc on the rest of the business world. As the Omicron variant surges, Massachusetts cannabis companies are…

Did Colorado’s Marijuana Industry Finally Plateau Over the Summer?

Colorado sales figures and budget predictions show that the marijuana industry's growth is finally flatlining after COVID-19's sales boost. Unlike much of the economy, the cannabis industry largely benefited from the COVID-19 pandemic, with Colorado dispensaries breaking records on their way…

Why the Pandemic Was a Breakout Moment for the Cannabis Industry

For many Americans, having enough marijuana was as essential as stocking up on toilet paper. And suppliers found a way to get it to them. “I expect this will be the first year Nevada does over a billion in cannabis…

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…

A New Sales Record Isn’t The Only Milestone Colorado’s Cannabis Industry Saw In 2020

January 18, 2021
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Colorado
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Like so many things about 2020, cannabis sales in Colorado were outrageous; people spent more than $2 billion on products. That's more money than they ever have before. That total continues the industry’s upward trajectory and breaks the previous record…

Maine marijuana shops are seeing brisk business despite pandemic

January 10, 2021
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Maine
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Maine’s rollout of legal marijuana sales has been muted compared with other states because of the coronavirus pandemic, but shops are reporting brisk business nonetheless. Maine wasn’t able to replicate the grand opening scenes that have followed the first sales…

North of the border, Wisconsin cops are monitoring the impact of legal recreational marijuana in Illinois

Despite dispensaries quickly popping up along Illinois’ northern border after that state legalized recreational marijuana almost a year ago, local law enforcement officials say they have not yet seen any major impacts in Wisconsin. Officials with the Rock County Sheriff’s…

Marijuana delivery, social equity reform and other Colorado cannabis trends to watch in 2021

December 29, 2020
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Colorado
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Colorado’s marijuana industry experienced a banner year in 2020 — not in spite of the COVID-19 pandemic, but because of it. Dispensaries across the state were declared essential businesses and allowed to operate while bars, restaurants and gyms were forced to close.…

Cannabis producers expand for growth, legalization in Connecticut

The state’s four licensed marijuana growers are planning for the inevitable, if not imminent, approval of cannabis sales for adult recreational use in Connecticut by expanding their footprints. With the state’s fragile economy — all the worse in the coronavirus…

Marijuana legalization looms in New York as deficit balloons

December 21, 2020
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New York
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The debate over legalizing marijuana for adult, recreational use in New York has been brewing for the last two years after Democrats took control of the state Legislature, but disagreements on the issue coupled with a global pandemic have kept…

Patients, caregivers say Ohio medical marijuana prices too high, and acquiring it compounded by coronavirus

December 1, 2020
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Ohio
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A majority of patients and caregivers in the Ohio medical marijuana program – 58.4% -- are dissatisfied with product prices, according to a recent survey. The results of the survey, which the Ohio Medical Marijuana Control Program sent to all registered…

Missouri’s medical marijuana program director believes voters could legalize marijuana as soon as 2022

October 28, 2020
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Missouri
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It’s been almost two years since Missouri voters legalized medical marijuana and by the beginning of next week, there will be four total dispensaries open in the state. Voters in the Show Me State passed an amendment in 2018 legalization…

Cuomo: Legalizing marijuana can help in COVID-19 recovery in New York

October 24, 2020
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New York
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Gov. Andrew Cuomo said that legalizing marijuana will help boost the economy and aid in the recovery effort from the state’s multi-billion-dollar budget deficit caused by the coronavirus (COVID-19) pandemic. The Governor announced that he will “soon” legalize marijuana during…

Gov. Tom Wolf again pushes Pennsylvania marijuana legalization to help fix financial damage from coronavirus

Democratic Gov. Tom Wolf on Tuesday once again prodded the Republican-led Legislature to legalize recreational use of marijuana, in part to generate revenue to repair damage done to the state’s finances by the coronavirus pandemic. Republicans pushed back. A spokeswoman…