Minorities Find Themselves Almost Shut out of Michigan’s Marijuana Business

When Margeaux Bruner looked into the possibility of getting a license to enter the blossoming marijuana industry, she realized she would face some barriers that might be impossible to overcome.

The Novi resident has bachelor’s and master’s degrees and worked in the logistics industry, which would be handy skills if she was able to get a secure transporter license. But she also had gone through a divorce, which led to a bankruptcy that could be a disqualifying factor if she applied for a medical marijuana business license from the state. Continue reading “Minorities Find Themselves Almost Shut out of Michigan’s Marijuana Business”

Beijing Says Us Legalization of Marijuana Is a ‘Threat to China’

Beijing’s leading drug enforcement body has blamed the legalization of marijuana in Canada and parts of the United States for a spike in the amount of drugs smuggled into the country, describing it as a “new threat to China.”

At a press conference in Beijing Monday, Liu Yuejin, deputy director of the China National Narcotics Control Commission, said that the number of cannabis users in China had grown by more than 25% in 2018, rising to about 24,000 people. Continue reading “Beijing Says Us Legalization of Marijuana Is a ‘Threat to China’”

Michigan Could Face Competition after Illinois Legislature Approves Recreational Pot

When Illinois Gov. J.B. Pritzker signs legislation legalizing recreational marijuana later this month, it will set up a race for the Midwest.

Who gets to be first in the Midwest to kick off the market for legal weed and capitalize on a potential billion dollar industry, Michigan or Illinois? Continue reading “Michigan Could Face Competition after Illinois Legislature Approves Recreational Pot”

Marijuana Legalization Isn’t Dead Yet in New York

Lawmakers in New York are mounting a renewed and frantic push to legalize marijuana before the legislative session ends on Wednesday, even as debates about revenue and political blowback that doomed an earlier attempt have threatened to derail the effort again.

Staff members from the State Senate, Assembly and governor’s office met throughout the weekend, the first time they had engaged in three-way negotiations since the previous push fell short. Continue reading “Marijuana Legalization Isn’t Dead Yet in New York”

Data-Driven Growth Strategies for Medical Cannabis Providers

Many cannabis manufacturers and dispensary owners I talk to don’t have a direct sales team; most don’t like making sales visits or calls to key physicians and virtually all say they don’t have the time to do more on the development side of their business. Does this sound like you or your practice?

As competition between post-acute health care providers continues to tighten and the market for medical cannabis and CBD expands, medical cannabis providers must begin to think differently about where their business comes from and how they seek out and cultivate new business opportunities. Continue reading “Data-Driven Growth Strategies for Medical Cannabis Providers”

Marijuana Industry Wants L.A. to Crack down on Illegal Pot Shops

The legal marijuana industry urged Los Angeles City Hall on Monday to get tougher with illegal shops that are gouging their businesses in open sight.

Illegal pot shops are widespread throughout Los Angeles and typically look like the real thing. And they’re thriving — they sell cheaper products than their legal rivals because they don’t charge hefty state and local taxes.

In a letter Monday, the industry group Southern California Coalition recommended the city consider seizing cannabis inventory and cash from illegal shops that are found to be selling tainted products. Continue reading “Marijuana Industry Wants L.A. to Crack down on Illegal Pot Shops”

Texas Governor Signs Bill to Allow Farmers To Legally Grow Hemp

Republican Governor Greg Abbot of Texas signed a bill on Monday that will allow farmers in the state to legally grow hemp. The measure, House Bill 1325 (HB1325), also removes hemp from the state’s list of controlled substances and legalizes cannabidiol, or CBD, and products made with the cannabinoid.

HB 1325 was passed by the Texas House of Representatives in April and approved by the state Senate the following month. The bill received unanimous support in both houses of the legislature. Continue reading “Texas Governor Signs Bill to Allow Farmers To Legally Grow Hemp”

Cuomo Cites Marijuana Legalization as a Top Priority

Gov. Andrew M. Cuomo began lowering expectations on Tuesday for what state lawmakers may accomplish before leaving Albany on June 19.

The governor outlined an aggressive to-do list for the final four weeks of the legislative session, including legalization of marijuana and allowing driver’s licenses for undocumented immigrants. Cuomo also cast doubt on whether the state Senate shares his commitment. Continue reading “Cuomo Cites Marijuana Legalization as a Top Priority”

Charlotte’s Web Says Friday TSX Listing ‘A Milestone For The Overall Industry’

Charlotte’s Web Holdings, Inc. (OTC: CWBHF) followed up its first-quarter report with an announcement Wednesday that it will begin trading on the Toronto Stock Exchange May 31. Continue reading “Charlotte’s Web Says Friday TSX Listing ‘A Milestone For The Overall Industry’”

East Coast Marijuana Market Could Rival Colorado’s in Coming Years

The cannabis industry in the U.S. has long been centered around states like Colorado and Oregon, but now, marijuana sales in Illinois and its neighboring states east of the Mississippi River are poised to rival those out west.

The U.S. cannabis market is staring down massive growth, with sales that are expected to reach $22.7 billion by 2023, including $16.8 billion in recreational sales, according to a report out Tuesday from Chicago-based cannabis research firm Brightfield Group. Political support is growing around legalization efforts, and medical programs are expanding around the country. Continue reading “East Coast Marijuana Market Could Rival Colorado’s in Coming Years”