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U.S. Cannabis Sales Beat Out Starbucks
Starbucks (SBUX) may need to put a store on every corner in the U.S. if it wants to keep up with legal cannabis in the country. A recent report by MJBizDaily showed that U.S. cannabis sales outpaced Starbucks North American sales by at least a third, even though coffee can be sold in all 50 states. By contrast, only 39 states and the District of Columbia have legalized some form of cannabis. Read this full story >
Featured Cannabis News
Should U.S. Regulate Cannabis Like Corn?
An unconventional idea is floating around, and it’s getting cannabis-reform advocates talking. What if the U.S. adds high-THC cannabis to low-THC hemp in the next Farm Bill? It’s a new idea that few in the cannabis advocacy community have considered.…
Cannabis Sales Rebound In February
Despite a short month, with three fewer days than January, cannabis sales for February rebounded, with some markets experiencing sequential growth. In addition, the year-over-year growth rates stabilized or advanced despite ongoing pressure from declining flower sales.
How Cannabis Companies Plan To Capitalize On 4/20
With an estimated sales increase of about 30%-50% on 4/20, it resembles mainstream retail’s Black Friday shopping day after Thanksgiving. Cannabis consumers flock to cannabis stores to stock up on heavily discounted products.
Roaring Start For New Mexico Cannabis Market
Sales of recreational cannabis in New Mexico is off to a roaring start. Sales topped $3 million in the first weekend of legalization. On April 1, 2022, New Mexico opened the doors for adult-use cannabis and sales totaled $3,092,712 in…
House Passes Bill To Federally Legalize Cannabis
For the second time in history, the House of Representatives has voted to legalize cannabis at the federal level. The vote passed 220 to 204. Republicans Tom McClintock of California, and Brian Mast and Matt Gaetz, both of Florida, joined…
MORE Act Sent To Floor For Vote
The U.S. House of Representatives approved the final rule to advance the MORE Act to a floor vote. The vote will happen on Friday. Members of the House were given a chance to debate the final rule for the process to consider…
Delta 9 Cannabis Inc. (DLTNF) Acquires 17 Stores
Delta 9 Cannabis Inc. (DLTNF), a Canada-based marijuana grower and retailer, just closed a deal to acquire 17 stores in Alberta from Sundial Growers Inc. (SNDL). Delta 9 paid $12.5M CAD in cash, plus roughly 6.7 million Delta 9 common…
MORE Act Unlikely To Pass Senate
The MORE Act is set to be taken up by the House Rules Committee on Wednesday and get a vote on the floor by the end of the week. But despite hopes from many, the bill is unlikely to pass.…
New Mexico Tribes To Sell Recreational Cannabis
On April 1, the sale of recreational cannabis will begin in New Mexico under legislation signed by Gov. Michelle Lujan Grisham. Under the new regulations, Native American tribes can now participate.
