California now has the biggest legal marijuana market in the world. Its black market is even bigger
CaliforniaMarijuana Industry NewsUncategorized August 16, 2019 0
Legal sales are up significantly from an approximate $2.5 billion in 2018, the first year of licensed cannabis sales in California, according to the analysis by sales-tracking firms Arcview Market Research and BDS Analytics. After a rocky start in 2018, retailers that have survived California’s tough licensing, testing and... Read more
Harvest Entities Reach Agreement with Pennsylvania Department of Health
Marijuana Industry NewsMedical MarijuanaPennsylvania August 16, 2019 0
About Harvest Health & Recreation Inc. Headquartered in Tempe, Arizona, Harvest Health & Recreation, Inc. is a multi-state cannabis operator (MSO) and vertically-integrated cannabis company. Subject to completion of announced acquisitions, Harvest will have one of the largest footprints in the U.S., with rights to more than 210 facilities, of which approximately 135 are retail... Read more
California has the biggest legal marijuana market in the world, despite black market
CaliforniaMarijuana Industry NewsRecreational Marijuana August 15, 2019 0
California is on track to post a record $3.1 billion in licensed cannabis sales this year, solidifying its status as the largest legal marijuana market in the world, according to a study released Thursday by financial analysts who advise the industry. Legal sales are up significantly from an approximate... Read more
Ohio Committee drops support for approving marijuana to treat autism, anxiety
Marijuana Industry NewsMedical MarijuanaOhio August 15, 2019 0
A committee of experts has rescinded its recommendation to approve medical marijuana to treat autism and anxiety in Ohio. The expert review committee of the Ohio Medical Marijuana Control Program had voted last fall to recommend that the State Medical Board of Ohio approve marijuana to treat those conditions,... Read more
New Jersey Senate President exploring ‘restriction’ on legal weed edibles
Marijuana Industry NewsNew JerseyRecreational Marijuana August 14, 2019 0
Senate President Stephen Sweeney will look at a possible restriction on edible forms of marijuana in an attempt to win over legislators hesitant to vote for legal weed. Sweeney, D-Gloucester, raised the concerns about edibles Tuesday during an editorial board meeting with the Asbury Park Press. Several Democrats had expressed... Read more
Ongoing Disclosure Requirements For Cannabis Licensees & Owners in California
CaliforniaMarijuana Industry News August 14, 2019 0
By: Jay Purcell, Clark Neubert LLP Finally, cannabis companies are obtaining annual licenses, triggering a new set of disclosure regulations. Three regulators require ongoing disclosures of changes to old—application-information and disclosure of information not previously requested: Bureau of Cannabis Control (“BCC,” regulates retailers and distributors), CA. Department of Food and... Read more
