During the Gold Rush, it was the merchants selling sifting pans who struck it rich and not the legions of 19th century fortune seekers looking for wealth in California’s rivers. Santa Rosa brothers Rick and Jason Barretta applied that wisdom to the nascent marijuana industry about 10 years ago... Read more
By all appearances, Sweet Leaf Marijuana Centers was a cannabis success story. In early December, Sweet Leaf had grown to 300 employees, brought in upward of $5 million in sales monthly, and expanded across Colorado’s Front Range with an eye on markets such as Nevada and Massachusetts. The burgeoning... Read more
PORTLAND — Two of the first states to broadly legalize marijuana took different approaches to regulation that left Oregon with a vast oversupply and Colorado with a well-balanced market. But in both states prices for bud have plummeted. A new Oregon report by law enforcement found nearly 70 percent... Read more
Prepared by NCIA This comprehensive report provides an overview of the successful state programs that have replaced marijuana prohibition with a tightly regulated market as well as the challenges those programs face due to outdated federal laws. (May 2018) Read more
In this paper produced by NCIA’s Policy Council, we explore how the lack of federal regulation and the inability to expand beyond state borders means U.S. cannabis companies are constrained in their ability to grow and are at a competitive disadvantage to cannabis companies in other countries, with Canada... Read more
Denver dispensaries sold more than $587 million in marijuana in 2017 even as sales in shops in other parts of the state continue to grow. Retail sales totaled $377 million in Denver, according to the city’s annual report on the marijuana industry released Thursday. The city’s revenue from all marijuana sales... Read more
By Eric Pfanner, Kristine Owram and Jen Skerritt Constellation Brands is spending C$5 billion ($3.8 billion) to boost its stake in Canadian cannabis grower Canopy Growth Corp., betting legalization of the drug will continue to gain traction in the U.S. and around the world. Constellation, the brewer of Corona... Read more
In this paper, prepared by Ian Stewart and Kara Thorvaldsen of Wilson Elser LLP for NCIA’s Finance and Insurance Committee, within the Risk Management Subcommittee, Massachusetts’ new regulations governing branding and marketing by adult-use marijuana businesses and related risk exposures are examined. Read more
Prepared by NCIA NCIA’s “The New Politics of Marijuana: A Winning Opportunity for Either Party,” highlights the significant voter support for marijuana policy reform and the legal cannabis industry through thoughtful examination of recent public opinion polling and electoral wins. Read more
Denver’s licensing director signed off Friday on the city’s second license for a marijuana consumption area in a business, paving the way for a vaping bar and lounge to open this fall. The owners of Vape and Play plan to open the 21-and-over social lounge and entertainment venue in... Read more
