Tag: marijuana sales

‘Epidemic’ of Layoffs in California Marijuana Industry

Posted on by AggregatedNews

Flow Kana isn’t the only cannabis company forced to make cuts. In recent weeks, companies like Eaze and Weedmaps have also laid off part of their workforce.

“It almost feels like an epidemic of companies of similar size going through similar processes,” Steinmetz said.

The layoffs reflect challenges in California’s fledgling recreational cannabis industry. Voters legalized recreational marijuana in 2016, with sales beginning in 2018. Continue reading “‘Epidemic’ of Layoffs in California Marijuana Industry” →

7 Reasons Why Ohio Won’t Be Selling Medical Marijuana This Week

Posted on by AggregatedNews

Ohio had a plan.

Sell medical marijuana to patients suffering from cancer, post-traumatic stress disorder and epilepsy. Set up a well-regulated, safe industry. Do it all in two years. Start this Saturday.

But that didn’t happen. Patients won’t have medical cannabis in their hands by the Sept. 8 deadline set by lawmakers when they passed a bill legalizing the treatment more than two years ago. Continue reading “7 Reasons Why Ohio Won’t Be Selling Medical Marijuana This Week” →

Denver marijuana sales reach record high of $587 million, sales across state continue to rise

Posted on by AggregatedNews

Denver dispensaries sold more than $587 million in marijuana in 2017 even as sales in shops in other parts of the state continue to grow.

Retail sales totaled $377 million in Denver, according to the city’s annual report on the marijuana industry released Thursday. The city’s revenue from all marijuana sales in 2017 grew to $44 million, a 20 percent increase from the previous year. Continue reading “Denver marijuana sales reach record high of $587 million, sales across state continue to rise” →

Medical Marijuana Hits The Pennsylvania Market With High Prices And High Demand

Posted on by AggregatedNews

Limited quantities, sticker shock, and some mislabeled product.

The first week of medical marijuana sales in Pennsylvania was marked by these birthing pains. On the whole, retailers and the Department of Health said the launch of the nascent industry — expected to grow into one of the nation’s largest markets — had largely gone “as hoped.” Continue reading “Medical Marijuana Hits The Pennsylvania Market With High Prices And High Demand” →

Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors

Posted on by Alicia Wallace

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Continue reading “Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors” →

$10 million in pot taxes aimed at solving teacher shortage woes

Posted on by Monte Whaley

State education officials are compiling a list of ideas on how best to spend $10 million in marijuana tax proceeds aimed at reversing Colorado’s teacher shortages.

The $10 million was earmarked to take on the problems of hiring and retaining teachers in Colorado by Gov. John Hickenlooper in his proposed 2018-19 budget released earlier this month. Continue reading “$10 million in pot taxes aimed at solving teacher shortage woes” →

Colorado marijuana shops maintain $136M pace for third straight month

Posted on by Alicia Wallace

Colorado marijuana sales are holding steady.

Cannabis shops across the state sold a little more than $136.6 million in flower, edibles, concentrates, and accessories for September 2017, according to The Cannabist’s calculations on tax statistics released Thursday by the state Department of Revenue. Continue reading “Colorado marijuana shops maintain $136M pace for third straight month” →

California marijuana growers are assessing the fire damages. After the shock, resignation.

Posted on by Katie Zezima

The deadly wildfires that ravaged communities and wineries in Northern California also severely damaged numerous marijuana farms, just before the state is expected to fully legalize the drug, in a disaster that could have far-reaching implications for a nascent industry.

At least 34 marijuana farms suffered extensive damage as the wildfires tore across wine country and some of California’s prime marijuana-growing areas. The fires could present challenges to the scheduled Jan. 1 rollout of legal marijuana sales at the start of an industry that is expected to generate billions of dollars in revenue. Continue reading “California marijuana growers are assessing the fire damages. After the shock, resignation.” →

Nevada Brings in Over $27 Million During First Month of Recreational Marijuana

Posted on by AggregatedNews

Nevada dispensaries raked in more than $27 million during the first month of recreational marijuana sales, generating more than $3.6 million in taxes, according to figures released Thursday by the Nevada Department of Taxation.

How does that stack up against the other states with legal marijuana?

It’s nearly double. Continue reading “Nevada Brings in Over $27 Million During First Month of Recreational Marijuana” →

Marijuana sales fund $9.2 million in school pot prevention, health care programs

Posted on by Monte Whaley

School nurse Rhonda Valdez is on the front lines of student health at Wheat Ridge High School, treating myriad concerns — flu outbreaks, diabetes, severe allergies, body image issues, football-related concussions. Continue reading “Marijuana sales fund $9.2 million in school pot prevention, health care programs” →