According to Organigram (OGI), Canadian adult-use sales are on the rise. The company’s sales rocketed more than 70% in the same period YoY. Quarterly net revenue topped $30M (CAD). Continue reading “Organigram Sees Spike in Adult-Use Sales”
According to data from the Colorado Department of Revenue, the Rocky Mountain state sold over $1 billion dollars in cannabis through the first nine months of 2017.
It took the state 10 months to reach the billion dollar mark in 2016. Sales totals through the first nine months of this year have reached a total of about $1.1 billion—the highest amount of total sales to date in the country.
When comparing the data to last year, through 9 months of sales Leafly found that Colorado totaled $942 million, with the totals in 2017 so far showing there was over a $100 million dollar increase in sales from the same time period, totaling $1,118,207,832.87 in sales.
Gov. Charlie Baker has picked five people to serve on a Cannabis Advisory Board that will help guide regulators enforcing recreational and medical marijuana laws.
Among those appointed by the Republican governor on Friday are Walpole Police Chief John Carmichael and Henry Thomas, the longtime president of the Urban League of Springfield and former chairman of the University of Massachusetts Board of Trustees. Continue reading “Massachusetts Governor Names Five to Cannabis Advisory Board”
Massachusetts Gov. Charlie Baker is expected to sign a cannabis overhaul bill that the state Legislature sent to his desk on Thursday, but one Republican lawmaker is already warning that one of the bill’s provisions could invite a lawsuit. Continue reading “Massachusetts Cannabis Overhaul Could Prompt Legal Challenge”
The debate over Massachusetts’ recreational marijuana law took a new twist on Friday with the release of a plan that would not raise taxes on cannabis and would leave decisions on whether to ban retail marijuana stores in the hands of local voters. Continue reading “Massachusetts Whiplash: Cannabis Tax Pulled Back to 12%”
After Oregon’s first year of adult-use cannabis sales, the state’s legal market is already on pace with more established ones in Washington and Colorado, a new report shows. Controlling for population, sales in Oregon have closely tracked Colorado’s and exceeded sales in Washington state.
Under a proposal submitted to Nevada lawmakers this week, existing medical cannabis dispensaries would be allowed to sell cannabis to all adults 21 and older beginning on July 1.
The plan, put forward by the Department of Taxation, would issue temporary “early start” adult-use licenses to certain existing medical marijuana businesses. Continue reading “Plan Would Allow Las Vegas Cannabis Sales to Kick Off July 1”
California is trying to get control of its unruly medical marijuana industry.
State regulators released draft regulations Friday intended to impose order on the loosely organized marketplace created over two decades ago.
The proposal would establish the first comprehensive rules for growing, testing, transporting and selling medical cannabis in the state that is home to 1 in 8 Americans. Continue reading “California Seeks Control of Unruly Medical Cannabis Industry”
Supporters of a pair of ballot measures that would legalize medical and recreational cannabis in South Dakota plan to launch their push Saturday to get on the ballot in 2018.
Backers of the South Dakota effort would have to submit nearly 14,000 valid signatures for each initiative to the secretary of state by November 2017 to put them before voters in 2018. Continue reading “South Dakota Could See Cannabis Legalization on 2018 Ballot”
A bipartisan bill has been introduced by freshman House Rep. Tom Garrett (R-Va.), that would remove marijuana completely from the Controlled Substances Act, effectively decriminalizing cannabis under federal law. Garrett, who replaced cannabis prohibitionist US Rep. Robert Hurt in Virginia’s fifth congressional district, campaigned on a promise to make cannabis reform a priority. Continue reading “State of the Leaf: House Republican Wants to Deschedule Cannabis”