Recreational Marijuana News

How California’s legal marijuana market wound up in crisis mode after two years

Most industry watchers agree that California’s marijuana market problems stem from three main factors including a dual licensing system; high state and local taxes; and the ongoing success of the illegal cannabis market. Some even suggest that?Proposition 64,?which legalized recreational marijuana in 2016, actually strengthened the illicit sector instead of reducing its impact.

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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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About 20% of licensed marijuana companies in California’s capital city face temporary closure

More than a fifth of the cannabis companies in Sacramento, California, are confronting the possibility of at least a temporary suspension of operations on the first day of February. City regulators sent notices to dozens of registered marijuana businesses in December as a reminder they had not formally completed the process for acquiring a Sacramento […]

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Illinois adult-use cannabis stores might face more shortages

Recreational marijuana sales in Illinois could be hurt by a surge in medical cannabis applications?with the Jan. 1 launch of adult-use sales. More than 2,570 people applied for medical marijuana cards Jan. 1-17, nearly a 34% jump from Dec. 1-17, the Chicago Tribune reported. Regulators earlier in January warned marijuana retailers they are required to […]

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Bills would legalize adult-use marijuana in New Mexico

Proposed legislation in New Mexico would legalize recreational cannabis sales in the state. Cities and counties could not opt out, even if they don’t approve of adult-use cannabis sales, under the proposed bills, although they would retain control with local zoning restrictions and hours of operations for the retailers. Under mirror legalization bills filed in […]

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Proposed regulatory and tax reforms in California could make life simpler for marijuana businesses

A proposed overhaul of California’s marijuana regulatory and tax collection system could mean far less headaches for licensed cannabis companies in the state. It could also indicate there’s more legislative help on the way in 2020 for California’s struggling legal marijuana market. When he announced his annual budget plan on Jan. 10, California Gov. Gavin […]

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Week in Review: IL adult-use marijuana stores face shortages, Michigan early recreational MJ sales near $6.5M, Harvest pivots on deals & more

After the Jan. 1 launch, some Illinois adult-use cannabis retailers have?cut off customers temporarily?to conserve inventory,?recreational marijuana sales in Michigan hit almost $6.5 million in first month,?Harvest Health & Recreation looks to terminate an acquisition –?and more of the week’s top MJ business news. Huge rec sales in Illinois lead to some shop closures The […]

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