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NY State Senator urges aggressive action on unlicensed Cannabis Shops

NY State Senator urges aggressive action on unlicensed Cannabis Shops

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Cannabis NewsJuly 19, 2023

New York State Senator Brad Hoylman-Sigal urged the Office of Cannabis Management to take action on unlicensed dispensaries. A New York state senator wrote a letter to the state’s Office of Cannabis Management, urging leadership to engage in “aggressive action” on unlicensed cannabis retailers after

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For would-be Pot retailers, the lottery was the easy part

For would-be Pot retailers, the lottery was the easy part

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Cannabis NewsJuly 18, 2023

Martin Rasheed was surprised to learn he was among those chosen in a lottery with more than 2,200 other applicants for one of 36 new licenses to open marijuana stores in the Chicago area. “I’m excited and I’m grateful. I never thought I’d be in this position,” says Rasheed, who works as a trucking

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Celebrity power meets moderate consumption

Celebrity power meets moderate consumption

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Cannabis NewsJuly 18, 2023

As the cannabis industry continues to grow, both in terms of legalization and consumer interest, the dynamics of cannabis branding and consumption are undergoing fascinating transformations. (Benzinga) From the rise of celebrity-backed marijuana brands to the influence of medium-frequency consumers

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Despite flood losses, Cannabis industry is ineligible for federal aid

Despite flood losses, Cannabis industry is ineligible for federal aid

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Cannabis NewsJuly 18, 2023

Industry associations are working to assess losses up and down the supply chain to help them make their case to state legislators for additional aid. After floods devastated Montpelier and much of the state last week, Lauren Andrews, owner of Capital Cannabis on Main Street, spent most of her days

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Curaleaf, citing slow rollout of Cannabis sector, lays off 49 at Winslow production facility

Curaleaf, citing slow rollout of Cannabis sector, lays off 49 at Winslow production facility

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Cannabis NewsJuly 18, 2023

Largest cannabis firm in US says demand in NJ is high, but limited number of dispensaries (just 35) means supply needed to fulfill market is lower than was anticipated. Curaleaf, the leading grower and seller of cannabis in New Jersey, announced Monday that it is laying off 49 employees at its

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Philip Morris acquiring Cannabis inhaler developer for up to $650 million

Philip Morris acquiring Cannabis inhaler developer for up to $650 million

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Cannabis NewsJuly 18, 2023

The Israeli company’s main product is a metered-dose inhaler for pain reduction treatment using medical cannabis. Philip Morris, the international tobacco giant, is acquiring the Israeli company Syqe Medical in a deal that could reach $650 million, Calcalist has learned. Syqe’s main product is a

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Marijuana sales since February reach nearly $600 million

Marijuana sales since February reach nearly $600 million

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Cannabis NewsJuly 17, 2023

Missouri’s marijuana industry is making a major milestone Friday as pot sales in the state continue to smash records. Adult-use recreational sales got the green light back in February. Since then, the Show-Me state has sold an average of $4 million of legal cannabis every day. In June alone

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Recreational Marijuana legalization would boost Florida's tax revenue by up to $431.3M per year

Recreational Marijuana legalization would boost Florida's tax revenue by up to $431.3M per year

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Cannabis NewsJuly 17, 2023

Support for the legalization of recreational marijuana in Florida is gaining steam ahead of potential placement on the state ballot, which experts say could lead to more local and state tax revenue. The ballot initiative, which would allow for full adult use and possession of cannabis products for

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California lagging behind with Dispensary Openings

California lagging behind with Dispensary Openings

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Cannabis NewsJuly 17, 2023

State-level regulations are preventing the California cannabis industry from flourishing. Since 2020, over 50 Californian states have implemented regulation to enable retail sales of adult use cannabis, however, Hirsh Jain at Ananda Strategy has highlighted that only 18 dispensaries have opened

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Greenlane announces expansion of Groove Line

Greenlane announces expansion of Groove Line

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Cannabis NewsJuly 17, 2023

Greenlane Holdings, one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the launch of the Cara+ portable concentrate device by house brand Groove. Greenlane launched the Groove brand in Fall 2022 to offer

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Unlicensed Cannabis shops reopen for business in defiance of state crackdown

Unlicensed Cannabis shops reopen for business in defiance of state crackdown

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Cannabis NewsJuly 17, 2023

At Empire Cannabis Clubs in Chelsea, an unlicensed cannabis dispensary, law enforcement agents on Wednesday made their way inside the store, seized product and handcuffed one of its owners. During a simultaneous raid at the store’s Lower East Side location, co-founder Lenore Elfand was arrested

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Canopy Growth shares plunge after debt reduction plan announced

Canopy Growth shares plunge after debt reduction plan announced

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Cannabis NewsJuly 17, 2023

Shares of Canopy Growth Corp, fell more than 30 percent after it announced it has signed deals with its secured and unsecured lenders to reduce its debt, but will issue 90.4 million shares plus new convertible debt to do so. Shares in the cannabis company were down 30 cents, or about 35 percent, at

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Backlash prompts San Diego to retreat from proposed vast expansion of where dispensaries can open

Backlash prompts San Diego to retreat from proposed vast expansion of where dispensaries can open

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Cannabis NewsJuly 14, 2023

The proposal to expand zoning was scaled back, and parts of La Jolla, Mission Beach and Old Town were eliminated. SAN DIEGO - Complaints and criticism have prompted San Diego officials to back away in part from recent proposals to sharply expand where in the city dozens of new cannabis dispensaries

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Connecticut Cannabis sales hit record high at six-month mark

Connecticut Cannabis sales hit record high at six-month mark

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Cannabis NewsJuly 14, 2023

Connecticut smashes sales records as Cannabis industry flourishes: multi-state operators vie for hybrid licenses. Combined medical and adult-use cannabis sales in Connecticut hit another record high for the state in June, and multi-state operators are moving in to obtain hybrid licenses, including

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Missouri official vows to conduct survey on Cannabis business demographics

Missouri official vows to conduct survey on Cannabis business demographics

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Cannabis NewsJuly 14, 2023

A key criticism of the medical marijuana program was the Black community was left out of the cannabis industry. But the state has yet to conduct a survey to find out. For the first time, a state official has publicly vowed to push for a demographics survey of cannabis business owners — addressing a

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Could Curaleaf acquire Cronos?

Could Curaleaf acquire Cronos?

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Cannabis NewsJuly 13, 2023

Is a Major Acquisition Brewing in the Cannabis Industry? Any deal may have very little to do with expanding geographical boundaries. Consolidation in the cannabis industry is inevitable. Companies are struggling right now, burning through cash amid mounting losses. It may only be a matter of time

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Facebook updates policy to allow CBD ads

Facebook updates policy to allow CBD ads

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Cannabis NewsJuly 13, 2023

A Meta spokesperson clarified the implications for the new CBD-related ad policy. Major social media platforms continue to gradually warm up to cannabis. As Meta rival Twitter announced it will allow some CBD and THC ads last February, Meta is taking steps as well by continuing to loosen up

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Cannabis start-ups likely to face banking roadblocks

Cannabis start-ups likely to face banking roadblocks

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Cannabis NewsJuly 12, 2023

Any time a new industry is in its earliest stages of development, there are likely to be unforeseen obstacles. That’s certainly true of the fledgling recreational cannabis industry in Minnesota. However, among the biggest obstacles is one everyone is aware of but can’t do much about. Most federally

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Canadian study examines potency and duration of joints

Canadian study examines potency and duration of joints

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Cannabis NewsJuly 12, 2023

The results of a recent study show interesting results regarding the potency of ground flower based on different particle sizes. Researchers at DELIC Labs recently published a study analyzing how the size of ground cannabis flower in today’s cannabis joints can impact a consumer when smoking. DELIC

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Leaders vote to stop new Medical Marijuana dispensaries to set up shop in West Palm Beach

Leaders vote to stop new Medical Marijuana dispensaries to set up shop in West Palm Beach

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Cannabis NewsJuly 11, 2023

West Palm Beach Mayor Keith James cast the tie-breaking vote on a final motion to prohibit new medical marijuana dispensaries to open and operate in the city limits during Monday night’s meeting. In a 3-to-2 vote, the city commission made it official to ban future shops. This will not impact the

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