CHICAGO, March 23, 2022 – PRESS RELEASE – Cresco Labs Inc., a vertically integrated multistate operator and the No. 1 U.S. wholesaler of branded cannabis products, released its financial results for the three months and year ended Dec. 31, 2021. All financial information presented in this release is reported... Read more
SANTA FE, N.M. (AP) — Marijuana aficionados and entrepreneurs across New Mexico are bracing for the April 1 start of state-regulated retail marijuana. New Mexico joins 17 other states that have legalized recreation marijuana without significant legal challenges. The start date for sales ushers in a new era for... Read more
CannaBiz: What it takes to get into the cannabis industry
Marijuana Industry NewsNew MexicoUncategorized March 27, 2022 0
TRENTON – On any other day, the state’s fledgling cannabis industry would be celebrating. The New Jersey Cannabis Regulatory Commission on Thursday unanimously awarded the first 68 conditional licenses to adult use cannabis cultivators and manufacturers. The licenses, which include 50 cultivators and 18 manufacturers, were heralded by commissioners as... Read more
Congressional cannabis vote scheduled for next week (Newsletter: March 25, 2022)
Marijuana IndustryMarijuana Industry News March 26, 2022 0
NH legalization bill amended; MO psychedelics hearing; MD lawmakers vote to fund legal marijuana implementation; MI local drug decrim effort Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support... Read more
Colorado Lawmakers Reject Marijuana Consumer Employment Protection Bill Even After Gutting Its Main Provisions
FeaturedMarijuana IndustryMarijuana Industry News March 26, 2022 0
New Jersey regulators on Thursday said they’re not quite ready to start authorizing medical marijuana dispensaries in the state to begin selling to the recreational market—but the governor urged patience, saying those shops will start serving adult consumers in a “matter of weeks.” Gov. Phil Murphy (D) responded to... Read more
Missouri Bill Would Let Voters Mandate More Oversight On Medical Marijuana Revenue Distribution To Veterans
Marijuana IndustryMarijuana Industry News March 26, 2022 0
New Jersey regulators on Thursday said they’re not quite ready to start authorizing medical marijuana dispensaries in the state to begin selling to the recreational market—but the governor urged patience, saying those shops will start serving adult consumers in a “matter of weeks.” Gov. Phil Murphy (D) responded to... Read more
Pennsylvania’s Falling Wholesale Cannabis Prices Not Reflected at Dispensaries
Marijuana Industry News March 26, 2022
Pennsylvania medical cannabis dispensaries have recorded record sales throughout the past 12-plus months, in part because retailers are getting more bang for their buck. While wholesale dry-leaf cannabis prices dropped from $10.65 per gram in January 2021 to $6.65 in February 2022, representing a 37.6% decrease, retail cannabis prices... Read more
How The Pandemic Impacted Cannabis Purchasing Patterns in Nevada
Marijuana Industry News March 26, 2022
Out of all the industries affected by the pandemic, tourism was among the hardest hit. The Las Vegas tourism economy, specifically, suffered nearly $34 billion in losses in 2020 due to the COVID-19 pandemic, according to a report by Applied Analysis for the Las Vegas Convention and Visitors Authority.... Read more
UbiQD and Heliene Initiate Joint Development of Agrivoltaic Modules for Greenhouses
Marijuana Industry News March 26, 2022
In an effort to recoup lost revenues, the California Department of Tax and Fee Administration (CDTFA) auctioned off a commercial property March 23 that was seized in connection with illicit cannabis retail operations. The property, in Whittier, a city southeast of Los Angles, was part of an investigation into... Read more
Among three high-profile bills aimed at broad federal cannabis reform introduced this Congress, the Marijuana Opportunity Reinvestment and Expungement (MORE) Act is on course to be the first to receive a floor vote. Sponsored by U.S. House Judiciary Committee Chairman Jerry Nadler, D-N.Y., the bill, which aims to remove... Read more
