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Cannabis trade group’s report targets illicit market in response to vaping health crisis

The marijuana industry’s largest trade association released a report?Tuesday on the vaping health scare?that calls on cannabis business owners, regulators and law enforcement to do more to combat the illegal market. The?National Cannabis Industry Association (NCIA)?report targets several areas for improvement in order for licensed cannabis companies to succeed against illegal operators, which many experts […]

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Chart: More consumers boost Colorado’s recreational marijuana market in 2019

Sales of adult-use cannabis in Colorado eclipsed $1.4 billion in 2019, a record for the state that likely was propelled by new customers entering the market. Recreational marijuana sales were up 16% in 2019, marking the first time that sales growth accelerated from year to year in any adult-use cannabis market, not just Colorado’s. Sales […]

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Week in Review: US House members reach out to Senate on marijuana banking, Cresco gets $200M in debt financing, Denver MJ store burglaries & more

Sponsors of the cannabis banking bill that passed the U.S. House appeal to the chair of a key U.S. Senate panel, lenders provide Cresco Labs $200 million in debt financing, police urge Denver marijuana store owners to take added security measures –?and more of the week’s top MJ business news. Marijuana banking reform The four […]

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Cannabis firms cautiously optimistic New York could legalize adult-use sales this year

New York Gov. Andrew Cuomo has revived the prospects for legalizing recreational marijuana sales in 2020 through the state’s Legislature, but cannabis businesses are taking a tentative approach after legalization efforts failed a year ago and similar sticking points remain. If the state approves adult-use cannabis sales, it is expected to create a multibillion-dollar recreational […]

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Illinois social equity cannabis applicants laud licensing help from consultants, technology

Many marijuana industry watchers tout the social equity program in Illinois?as one of the most far-reaching and likely to succeed in the U.S. cannabis sector. However, experts also note that for all the Illinois program’s positive intent, it is still a sometimes prohibitively expensive and burdensome undertaking for any social equity applicant. With associated expenses […]

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