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Rhode Island governor presses for adult-use cannabis legalization to keep pace on East Coast

Rhode Island’s governor is pitching an unconventional recreational marijuana legalization plan centered on state-owned stores operated by private contractors, which would offer modest business opportunities for cannabis entrepreneurs. The move reflects growing pressure?to legalize adult-use cannabis along the East Coast?after?Massachusetts launched its recreational marijuana industry in 2018. It also dovetails?legalization efforts by governors in Connecticut, […]

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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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MJBizDaily acquires The Emerald Conference to boost science reach

Marijuana Business Daily announced Wednesday that it has purchased The Emerald Conference, a science-focused convention and trade show for the cannabis industry, from Emerald Scientific. Terms of the acquisition weren’t disclosed. The deal underscores the growing importance of research tied to cannabis, said Chris Walsh, CEO and president of MJBizDaily, a media and events company […]

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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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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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