Wildfire season is coming. A newly introduced bill in Congress aims to limit cost of fires and other disasters by expanding insurance coverage to the cannabis industry.
Tilray, one of the largest licensed producers of cannabis in Canada, made history today, becoming the first cannabis grower to complete an initial public offering on a US stock exchange.
After the Nasdaq listing went live, Tilray stock price rose more than 20%, raising $153MM.
As Michigan residents prepare to vote on adult-use cannabis legalization this November, the state’s 220,000 medical marijuana patients are still wondering when the state will start licensing their MMJ dispensaries.
There are 540 cannabis license applicants. Only 19 are currently being processed, and 8 of those have already been rejected.
Life up in the hills also used to mean no paperwork, since you needn’t apply for any licenses or pay any taxes on an illicit crop. Any type of physical documentation of the process could only prove incriminating anyway. Even during the “grey market” in medical cannabis—which started with the passage of Prop 215 in 1996, and ended this January with the state’s implementation of “seed-to-sale” tracking of all commercial cultivation and distribution—the regulatory burden for small growers often involved little more than having the phone number of a good lawyer handy, just in case. Continue reading “Flow Kana: California’s Last Best Hope for Craft-Scale Success”
It’s the opening chapter of California’s new era of regulated cannabis, and already a market disruption is underway.
Generally, retailers have ample product on store shelves for both adult use and medicinal cannabis consumers, but some brands are now in short supply. Prices are mostly stable, though new state taxes on legal purchases have meant sticker shock for customers.
Meanwhile, the black market appears to be thriving anew—invigorated by dissuasive taxes on growers, plus licensing fees and frustrations over difficulties of entering the legal economy. If more cultivators aren’t licensed by the state, manufacturers for cannabis concentrates for vape pens, waxes, and infused edibles fear they may run short of their critical production component – leafy cannabis trim – by summer.
As Quebec moves—seemingly unwillingly—toward legalization, the details of its legal cannabis framework are still unresolved, which means provincial debate rages on.
Contrary to the federal law allowing up to four plants, Quebec will allow no homegrown cannabis at all.
Oregon cannabis retailers caught selling to minors will face harsher penalties under a temporary rule approved by state regulators on Friday. That means heavier fines, longer license suspensions, and even the revocation of individual worker permits.
Pennsylvania officials on Thursday announced the first all-clear for a medical marijuana dispensary in the state to begin providing cannabis once it becomes available from a licensed grower.
“It means there’s going to be safe and effective access to a new medicine that can help (patients) in a wide variety of ways,” said Victor Guadagnino, the company’s co-founder and chief of business development. He said the company sees cannabis as a way patients can take a more active role in their own health care.
At a state briefing on environmental rules that await growers entering California’s soon-to-be-legal marijuana trade, organic farmers Ulysses Anthony, Tracy Sullivan and Adam Mernit listened intently, eager to make their humble cannabis plot a model of sustainable agriculture in a notoriously destructive industry dominated by the black market.
Now that you can search cannabis products on Leafly in addition to thousands of cannabis strains, we reviewed our data to find the fastest-trending cannabis product in every state in 2017. To determine these, we omitted low-traffic outliers, then looked at which cannabis products had enjoyed the fastest increase in traffic from each individual region.