MJBizDaily Newsletter
More Exclusive Features

Chart: Good – not great – first year of medical cannabis sales in Ohio

Ohio’s medical marijuana industry pulled in nearly $60 million in its first year of sales, with increased access to dispensaries and falling prices making up for the market’s sluggish start. Roughly 50% of the state’s total medical marijuana sales came in the last quarter of 2019, but it wasn’t enough to drive sales?to the heights […]

Read More

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 […]

Read More

Some marijuana firms turn to small investor opportunities in tight funding climate

Cannabis companies in the United States currently face a tough environment in terms of raising money. However, as an example of how marijuana businesses are looking to address this funding challenge, one California producer is turning to mom-and-pop investors as opposed to venture capital. Goldenseed, a privately owned Santa Cruz-based cultivator and processor, said it […]

Read More

Some Illinois adult-use marijuana shops close due to product shortages, high demand that totaled $11M in sales in first week

Illinois cannabis shops have had approximately a week to sell recreational marijuana since the state began allowing it Jan. 1, and demand has proven so extreme that – despite enjoying about $11 million in early sales – some retailers have?cut off adult-use customers temporarily in order to conserve inventory. “The demand in Illinois is every […]

Read More

Chart: Local approval in Michigan adult-use marijuana program creates uneven business opportunity

Michigan’s strategy for adult-use cannabis businesses empowers localities to control their communities, but it creates disparate business opportunities within the state’s market. Regulators chose not to restrict the number of recreational marijuana businesses allowed statewide but granted municipalities local approval. Adult-use sales began in Michigan on Dec. 1, 2019, and could reach $1.4 billion to […]

Read More

High Times changes CEOs again as iconic cannabis brand seeks profitability

High Times Holding Corp. has reshuffled its chief executives, the latest development in the saga of a 46-year-old magazine publisher struggling to evolve into a mainstream, diversified cannabis company. The company appointed Stormy Simon, former president of the online retailer Overstock.com, to replace Kraig Fox, a media heavyweight who?left Los Angeles-based High Times on Dec. […]

Read More