The holiday season is here, and while most industries will see a slight decline in profits, marijuana sales are expected to go up. Reports from Leaflink show that cannabis sales rose by more than 30% in the week leading up to Christmas last year, in comparison to the previous four weeks of 2020. Additionally, sales on Christmas Eve last year rose by 61%, in comparison to the previous four Thursdays.

Leaflink, a unified marijuana platform, also reports that on the days leading up to Green Wednesday November, they saw an increase of more than 10% in sales. If sales from Green Wednesday are any indication, the cannabis market will see a significant jump in sales this year.

Next year will mark the 10th anniversary of the passage of I-502, the ballot initiative that Washington voters approved 56–44% in November 2012, becoming – along with Colorado – the first states in the nation to take the plunge into marijuana legalization.

I-502 created a regulated market that generates hundreds of millions in tax dollars for the state through the sale of small amounts of marijuana and other cannabis products to those 21 and over.

A lot has changed in the last nine years, but some key aspects of the policy remain the same, and the industry says it is time for updates.

From CBD healing to epic highs to gourmet meals, Black entrepreneurs are revolutionizing cannabis (again)

Cannabis has been a significant staple in Black culture for generations. Its decriminalization has allowed many Black entrepreneurs to legitimately sell the world’s most popular and once-stigmatized recreational drug.

If you’re looking for a Christmas gift this year that puts your loved one on “Cloud 9”, here are 12 Black-owned cannabis companies that you should consider:

A cannabis lifestyle brand beloved by the modern-day, conscious cannabis consumer, LEUNE, announced a new expansion into Arizona. Previously, LEUNE marijuana products have only been available in California. This rollout is the first development of a larger plan of continued expansion throughout the next year.

The Arizona launch will initially be with 35 dispensary locations with rapid growth on the horizon throughout 2022. LEUNE’s All-In-One Vaporizers, 510 Cartridges, Pre-Rolls, and Jarred Flower will be the first products available in Arizona. LEUNE Cannabis Products will be initially available at: Oasis, Nirvana, Curaleaf, Cannabist Tempe, and SWC Prescott.

LEUNE is on a short list of California cannabis brands to be available in Arizona.

A Long Beach dispensary chain is largely behind the effort to open up El Segundo, Hermosa, Manhattan and Redondo to legal weed.

Beach city residents may soon be able to walk down the street to purchase marijuana, of both the recreational and medicinal varieties.

At least if a couple of budding cannabis moguls have their way.

Nearly simultaneous efforts are underway in El Segundo, Hermosa Beach, Manhattan Beach and Redondo Beach to either persuade the respective city councils to open the door to cannabis dispensaries or send the issue to voters next year.

 “Please do not make us play this game!” A ski resort about 70 miles northeast of Fresno is warning visitors about using marijuana on its property.  In an Instagram story posted on Sunday, China Peak Mountain Resort said its plan to “crack down on its use” was brought on by complaints over the weekend. 

After noting marijuana use is legal in California, the resort wrote, “Use is illegal at our resort, as we are 100% on United States Forest Service federal land and must operate by their FEDERAL rules.”

China Peak said “starting now,” there will be staff in the parking lots and on lifts “to ensure that we are all obeying the rules.”

Visitors who use marijuana at China Peak will face consequences, the resort said. 

36% want clean stores; 32% say variety of THC percentage options and 31% say educated sales associates are important

With 2021 legal cannabis industry sales nearing $31 billion, and the challenges presented by a growing cannabis black market, most Americans (76%) said they expect in-store cannabis dispensary shopping to equal traditional retail store experiences, according to a recent Harris Poll online survey commissioned by Urbn Leaf, California's premier cannabis retailer. Thirty-six percent say a clean store environment is one of the most important factors for a positive shopping experience; 32% want a variety of tetrahydrocannabinol (THC) percentage options, and 31% want educated sales associates.

While recreational cannabis sales are legal in California, they are banned throughout most of Kern county, including Delano, City Council revisited that rule Monday night

“We’ve have known that it’s been trafficked in our community on both sides of town, this just allows us to put up a sign with a green cross that says, ‘buy it now, buy it here,’” expressed one member of the public.

3 Top Marijuana Stocks To Watch Before Christmas

Investors are hoping marijuana stocks see a better year of trading in 2022. Since the beginning of 2021, the cannabis sector has faced a long drop in the market. This has given many the chance to find top marijuana stocks to buy. To which many have done in preparation for the future trading of cannabis stocks. With this past year being one of more losses than gains 2022 is being held to a high standard.

Lafayette-based food and grocery delivery app Waitr may soon become "ASAP," as the company completes its rebrand. The company is required to change its name as the result of a legal settlement, and the company is planning to become known as ASAP, which it said better represents the company's attempts to diversify its services. Waitr also announced it is moving ahead with its plans to begin delivering legal cannabis, agreeing to purchase an inventory and compliance software that serves dispensaries.

Waitr announced on Friday that it signed a letter of intent to buy Cova, a software that helps streamline cannabis sales for dispensaries. According to a press release, the sale would be for $90 million.

Several of the California's leading cannabis companies have banded together to direct a dire warning to Gov. Gavin Newsom this week. In a letter sent to the governor’s office and leaders of the state legislature, business leaders warned that the state’s legal cannabis industry is on the verge of collapse.

"It is an emergency," said David Goldman, who sits on the board of the San Francisco dispensary, The Green Cross.  

Windsor's town board on Tuesday unanimously approved a $140,000 incentive package to help attract a $17 million commercial indoor hydroponic farming operation to the Great Western Industrial Park. 

Gotham Greens, founded in Brooklyn, New York, in 2009, wants to build a 120,000-square-foot greenhouse south of Vestas to grow leafy greens and culinary herbs for the Colorado market, co-founder and Chief Financial Officer Eric Haley told the board.

The greenhouse can grow nearly 5,000 tons of lettuce and herbs per year, according to a letter co-founder and CEO Viraj Puri wrote to the town board. This would be the company's ninth facility across the U.S., including a facility in Aurora.

Newsmaker: Anna-Sophia Kouparanis

Anna-Sophia Kouparanis, 28, wears many hats; being on the Forbes 30 under 30 list this year is one of them.

In 2019, Kouparanis founded  Ilios Santé and came to be known “as the first woman in Germany to be a licensed wholesaler for cannabis,”  Forbes  reports. Then came Bloomwell Group a year later. A holding company that invests and builds other companies in the healthcare sector, Bloomwell also includes Algea Care, a telemedicine company for cannabis.Her goal is to “revolutionize the pharmaceutical industry through natural medicines and digitization, which is long overdue,”  Forbes  reports.

 Kerry Raheb, the owner of Indica LLC presented to the Board of Selectmen on Wednesday on plans for his cannabis dispensary, which will open at 127 Columbia St.

Raheb, who previously worked as an investment banker, said this business is his first cannabis dispensary. He said he intends on holding a community outreach meeting for the dispensary, which will be at the former site of Woodstock South, a former gift and novelties shop, as soon as possible.

 

The growing acceptance of cannabis in the United States, along with the legalization of recreational cannabis use in 18 states, has created a booming industry around growing, preparing, and selling marijuana.

Unfortunately, the novelty of the field has also led to a lot of misinformation and misconceptions. Cannabis use is still taboo in many parts of the country, making it difficult for those interested in diving into the growing industry to sort truth from lies.

Don’t worry, we’ve got you covered. Here are four myths about working in the cannabis industry, debunked.

Will A New Year Help Marijuana Stocks Reach Better Trading ? Some Believe So

Marijuana Stock Investing In 2022 Here’s What You Need To Know

When it comes to top marijuana stocks 2021 had its fair share of challenges. Yet from November 2020 to early 2021 the sector saw solid upward consistency. Shortly after mid-February, the majority of marijuana stocks all saw substantial drops in trading. Like many other sectors, the pandemic didn’t badly affect how cannabis stocks traded. It was the lack of legislation both state and federal. Failure to pass federal reform is was the dominant factor in this year-long drop in trading.

Hoosier business leaders pushing for cannabis legalization are doing so through a new organization.

The group, “Indiana Cann” is a 501 C4 non-profit that advocates for the adult use of cannabis by focusing on the economic benefits of cannabis legalization, including state tax revenue, creation of new jobs and the associated investments.

The group points a recent study by the tax Foundation, which suggests $171 million could be generated each year if Indiana adopts the Colorado taxing model.

Indiana Cann intends to push for legalization during the upcoming legislative session.

 Plans by a well-known local businessman and town official to open a retail marijuana shop were put on hold on Tuesday after a the town’s First Selectman, residents and members of the Planning and Zoning Commission questioned the appropriateness of the proposed site or any location in town at a public hearing.

Robert Casner, chairman of the town’s Economic Development Commission, proposes to open the retail shop in a building that now houses a package store and an architect’s office, adjacent to a popular cafe at the busy Town Street intersection.

Casner submitted his application to open the shop in late October before the town’s Planning and Zoning Commission voted to impose a moratorium on marijuana businesses until next June.

3 Tall Pines Farm turns hemp into THC products that are being sold across the state

On the counter in the shop at 3 Tall Pines Farm, there's a large plastic jar full of carefully wrapped joints. The back wall is lined with cartridges of vaping liquid in different flavors. Workers pack orders as the scent of cannabis hangs in the air. The farm's hemp plants are drying in the next room.

Who will be the Amazon or Tesla of the cannabis industry? Key To Life Supply fits the bill. With exciting new technologies and products via their re-imagination initiative, Key To Life Supply is now being considered among the Amazon of the Hemp Industry. Its eCommerce website boasts hundreds of new products and grows by the day. It's evident that Key To Life Supply has an ever-expanding group of industry-leading partners that continue to push innovation, technology, and sustainability for all sectors of horticulture.


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