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Missouri Cannabis sales top $1 Billion

Missouri Cannabis sales top $1 Billion

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Cannabis NewsMay 10, 2023

Adult-use sales in Missouri began in February, Missouri has a new billion-dollar industry. Cumulative sales for marijuana reportedly topped that lofty threshold in the Show Me State earlier this month, just three months after the adult-use marijuana market launched there, and nearly three years

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Illinois marijuana sales stalled in April

Illinois marijuana sales stalled in April

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Cannabis NewsMay 10, 2023

SPRINGFIELD - Marijuana sales in Illinois flattened out last month for the first time since the state legalized recreational use in 2020. April sales totaled $132 million, only $200,000 higher than the same period last year. Crain’s reported that it is partly because pot prices are dropping. People

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North Carolina Cherokee Chief rejects $64 Million proposal for state’s first dispensary

North Carolina Cherokee Chief rejects $64 Million proposal for state’s first dispensary

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Cannabis NewsMay 9, 2023

The so-called marijuana superstore is scheduled to open later this year in North Carolina. A tribal chief in North Carolina has reportedly vetoed a proposed $64 million in additional spending for what is expected to be the state’s first medical cannabis dispensary. The Charlotte Observer reports

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Weed stores could face exponentially higher license renewal fees under new bill

Weed stores could face exponentially higher license renewal fees under new bill

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Cannabis NewsMay 9, 2023

HELENA - Beginning January 1, marijuana retailers in Montana will see their licensing and renewal fees jump dramatically if a bill passed by the 2023 Legislature gets signed into law by Gov Greg Gianforte. House Bill 903, sponsored by Rep. Mike Hopkins, R-Missoula, would raise license renewal fees

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Legal pot is more potent than ever and still largely unregulated

Legal pot is more potent than ever and still largely unregulated

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Cannabis NewsMay 9, 2023

Marijuana and other products containing THC, the plant's main psychoactive ingredient, have grown more potent and more dangerous as legalization has made them more widely available. Although decades ago the THC content of weed was commonly less than 1.5%, some products on the market today are more

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Vermont regulators weigh in on how SAFE Banking Act could affect Cannabis industry

Vermont regulators weigh in on how SAFE Banking Act could affect Cannabis industry

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Cannabis NewsMay 9, 2023

MONTPELIER - Vermont regulators aren’t sure what kind of impact the SAFE Banking Act would have here. The Department of Financial Regulation says they continue to hear banking for the cannabis industry is a hurdle for growers and retailers. They believe the SAFE Banking Act would provide some relief

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Whistleblower claims FBI and DCC ignored multi-million dollar Cannabis Diversion

Whistleblower claims FBI and DCC ignored multi-million dollar Cannabis Diversion

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Cannabis NewsMay 9, 2023

Former employee said FBI, DCC declined to act on the information provided. As California continues to grapple with the problem of its cannabis being smuggled as far away as New York City, one longtime West Coast industry insider says authorities have declined to act on information about his former

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How advertisers are building up their Cannabis ad budgets as Marijuana regulations loosen

How advertisers are building up their Cannabis ad budgets as Marijuana regulations loosen

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Cannabis NewsMay 8, 2023

This past 4/20, Gbemi Maiyegun was surprised to see just how many mainstream brands were celebrating with cannabis-friendly ads, partnerships and marketing messages. There were the usual suspects like Jack in the Box and Ben & Jerry’s (whose campaign called for justice regarding long-standing

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Grandma who supplied Cannabutter in Australia sentenced

Grandma who supplied Cannabutter in Australia sentenced

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Cannabis NewsMay 8, 2023

A great-grandmother in Australia was sentenced to a two-year bond, based on good behavior, avoiding a 3,5-year sentence for supplying cannabutter to a minor. One grandma in Australia found healing benefits through cannabis-infused butter, but it backfired when her teen great-grandson used it to bake

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Missouri Marijuana top $350 million during first 3 months

Missouri Marijuana top $350 million during first 3 months

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Cannabis NewsMay 8, 2023

Hippos Cannabis has a 40,000-square-foot production facility in Vienna, Missouri, a town of 600 people that’s just 30 minutes north of Rolla. Since Missouri’s recreational marijuana sales began in February, it has added 25 workers, bringing total employees to 70. “A lot of the employees were born

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Illinois’ Marijuana tax revenue is the highest in the country, next to California

Illinois’ Marijuana tax revenue is the highest in the country, next to California

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Cannabis NewsMay 5, 2023

SPRINGFIELD - Illinois made $562 million in taxes from marijuana sales in 2022, according to the Marijuana Policy Project. Illinois taxes legal cannabis with some of the highest rates in the country, with up to 40% over the sale price, placing the state 2nd in the U.S., behind California. Michigan

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Alaska’s US senators join push to protect banks serving Cannabis businesses

Alaska’s US senators join push to protect banks serving Cannabis businesses

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Cannabis NewsMay 5, 2023

Alaska’s two Republican senators are part of a group of federal lawmakers seeking to protect banks that serve the marijuana industry from federal penalties. An effort that has repeatedly flamed out in the face of GOP opposition and Democratic efforts to broaden the measure. The SAFE Banking Act

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Monterey City Council approves four locations for future retail Cannabis stores

Monterey City Council approves four locations for future retail Cannabis stores

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Cannabis NewsMay 5, 2023

The Monterey City Council voted 4-1 on Tuesday, May 2, for up to four possible retail cannabis locations. Within the city, it increases the previous idea of three locations—Alvarado Street, Lighthouse Avenue and the Cannery Row district—to include one on North Fremont Boulevard. The vote also

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Ben & Jerry’s Cofounder gets fully baked with new nonprofit Cannabis company

Ben & Jerry’s Cofounder gets fully baked with new nonprofit Cannabis company

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Cannabis NewsMay 5, 2023

Ben Cohen just launched a weed brand with a high-minded purpose—giving away 100% of its profits to right some of the racial injustices from America’s War on Drugs. Ice cream sold separately. One summer night in 1970, years before Ben Cohen teamed up with Jerry Greenfield to launch one of America’s

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Weed and the Royal Family?

Weed and the Royal Family?

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Cannabis NewsMay 5, 2023

In a cathedral packed with people. Does anyone what to just chill and savor the moment? The coronation is upon us and the great crown is to be passed. As Westminster Abbey is filled with 2,000 guests, one wonders if anyone is discreetly using a vape or an edible to get through the ceremony. And if

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US Industrial Hemp plunges from last year

US Industrial Hemp plunges from last year

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Cannabis NewsMay 4, 2023

The USDA National Agricultural Statistics Service has released its second annual National Industrial Hemp survey. Rocky Mountain Regional Field Office Director, Rodger Ott says compared to last year, there are big changes in the 2022 report. “There were 28,300 acres of hemp grown in the open with 18

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Is Cannabis legalisation a threat to spirits?

Is Cannabis legalisation a threat to spirits?

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Cannabis NewsMay 4, 2023

Major drinks companies are eyeing up the cannabis sector, but are holding out for legislation to be passed before truly committing to it. It’s been nearly five years since Canada legalised the sale and consumption of marijuana. Since then 21 states in the US have allowed its recreational use, while

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Voters react to the results on banning Recreational Marijuana in Montrose

Voters react to the results on banning Recreational Marijuana in Montrose

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Cannabis NewsMay 4, 2023

MONTROSE - Voters in Montrose rejected a ban on marijuana facilities in the city. Mid-Michigan's May special election came down to a margin of less than 1%. Results show 240 people voted against the ban while 232 voted in favor. The proposed dispensary will take over Roxy's Diner that's located

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Cannabis sales in Vermont hit record high in February

Cannabis sales in Vermont hit record high in February

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Cannabis NewsMay 4, 2023

The fledgling adult-use cannabis industry in Vermont continues to hum along, with sales hitting a record high in the month of February. Heady Vermont reports that sales that month amounted to $6,477,957, which also represented a “a slight uptick in rate of sales growth, around 6.9% from January to

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High fees, long delivery times work against cannabis retailers, store owners say

High fees, long delivery times work against cannabis retailers, store owners say

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Cannabis NewsMay 4, 2023

Businesses call for changes to help them survive in competitive market. Some cannabis store owners say the current retail structure works against businesses — and they want changes to help them survive in what's become an ultra-competitive market in Manitoba. The province has introduced legislation

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