Category Archives: Briefs

Medical cannabis sales in Maine drop for second year in a row

Medical marijuana sales declined in Maine for the second straight year, a decrease that some dispensary owners blame on unfair competition both from the black market and patients growing their own product. According to the Portland Press Herald, tax data shows the state’s eight licensed dispensaries brought in $23.5 million in sales in 2018, down […]

City of Sonora to sue California over statewide marijuana delivery policy

The city of Sonora, in central California, plans to file suit against the state Bureau of Cannabis Control over a policy adopted last year that allows commercial cannabis to be delivered anywhere in the state, regardless of local bans on MJ commerce. According to the Union Democrat, the Sonora City Council voted 5-0 to proceed […]

Legal cannabis sales top $6 billion in Colorado

Colorado’s legal marijuana market hit a milestone at the end of 2018, going over $6 billion in combined recreational and medical sales since the adult-use market launched on New Year’s Day in 2014. But since 2016, recreational sales have continued to climb as medical sales have taken a serious dip. In 2018 alone, there was […]

Former House Speaker Boehner gets behind marijuana lobbying group

Former U.S. House Speaker John Boehner announced a new, industry-funded group to lobby for marijuana reform in banking, taxes and research, a move that will put a political heavyweight behind the MJ industry’s efforts to overhaul federal cannabis policy. The National Cannabis Roundtable will consist of members representing all aspects of the industry, including growers, […]

Inside Investor Intelligence: Acreage Holdings dishes on why size matters in marijuana

In the battle to become the leading cannabis brand in the United States, few companies have amassed the influence, reach or war chest boasted by Acreage Holdings. Join us Thursday, Feb. 7, at 1 p.m. ET for an exclusive webcast featuring a conversation with Acreage CEO Kevin Murphy. This webcast is part of a free […]

Doubling of IL medical cannabis users expected as opioid-option program starts

An industry observer predicted the growing Illinois medical marijuana program will see a surge in the number of MMJ patients as a result of a pilot opioid-alternative program that launched Thursday. Dan Linn, executive director of NORML’s Illinois chapter, told The State Journal-Register in Springfield that he expects the program to contribute to a doubling of the […]

New Brunswick receives 11% of cannabis products ordered from cultivators ‘consistently’

(This story has been updated to include a statement from Organigram.) New Brunswick’s cannabis wholesaler is receiving a fraction of the 352 cannabis products licensed cultivators agreed to supply the province on a regular basis, new data shows. “In August of 2018, we ordered 352 products; to date we have received 187. Of those 187, […]

Louisiana medical marijuana sales won’t begin before May

Another delay of Louisiana’s medical marijuana program means MMJ products likely won’t be available in the state until May at the earliest, according to The Times-Picayune of New Orleans. The lack of an independent testing lab in large part has been holding up the program, which initially was expected to launch in late 2018. More […]

MJBizDaily launches content for high-level cannabis investors

Investment in cannabis has grown at a meteoric pace – in size and in volume – over the past 12 months. To keep investors apprised of the rapid changes, Marijuana Business Daily has launched a subscription service – Investor Intelligence – focused on the critical analysis, insights and data necessary for success in the sector. “The demand for […]

Arbiters award 4Front Advisors $8.7M in dispute with Nevada cannabis firms

4Front Advisors, part of the Arizona-based multistate marijuana firm 4Front Holdings, won an $8.7 million arbitration award against Nevada-based CWNevada and NuVeda for breach of contract in failing to pay fees for services provided. Kris Krane, 4Front Holdings’ co-founder and president, told Marijuana Business Daily the award validates 4Front Advisors’ work in helping the two […]