Alcohol, tobacco interests eyeing Michigan marijuana market

By John Schroyer

At a time when Michigan’s medical marijuana regulations are being written – and adult-use proponents are finalizing a legalization measure for the 2018 ballot – representatives from the alcohol and tobacco industries have had a seat at the negotiating table.

It’s not yet clear how the alcohol and tobacco interests will be involved in the marijuana business.

But there are signs the tobacco industry is at least eyeing the retail end of the market. And MJ industry officials have…

CONTINUE READING: Click Here to Continue Reading Article …


Las Vegas cannabis lounge options are taking shape

Marijuana consumption lounges in Las Vegas are looking more and more as if they’ll become a reality for cannabis entrepreneurs.

At a Clark County marijuana advisory panel meeting Monday, the board “spent most of its first meeting” talking about proposals for such a concept and how cannabis clubs would be regulated, the Las Vegas Review-Journal reported.

A representative from the resort hotel industry said clubs “are the realistic solution to making sure” that marijuana tourists…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado bill would let growers reclassify rec marijuana to medical

The Trump administration has been so ambiguous about its intentions regarding recreational cannabis that the Colorado Legislature is considering a bill to allow growers to reclassify their inventory as medical marijuana in the event of a federal crackdown.

Though the measure has yet to receive a full vote in either the state House or Senate, it has passed one Senate committee with bipartisan support, the Associated Press reported, an indication that politicians of both stripes have no desire to see Trump gut the adult-use cannabis industry.

CONTINUE READING: Click Here to Continue Reading Article …


Report: Canada’s legal rec MJ program to start by July 2018

Recreational marijuana will become legal in Canada by July 1, 2018, CBC News reported Monday.

The disclosure of the launch date for Canada’s rec sales is expected to piggyback on the liberal government’s announcement next month about the nation’s cannabis legislation, according to the national broadcaster.

Under the proposed legislation, which could be unveiled as soon as the week of April 10, Canada’s federal government will be responsible for licensing and monitoring cultivators,…

CONTINUE READING: Click Here to Continue Reading Article …


Week in Review: Sessions’ cannabis remarks, Oxford MMJ research & odd pairing in MA

By John Schroyer, Bart Schaneman and Omar Sacirbey

Attorney General Jeff Sessions again criticizes marijuana without offering a clear policy plan, Oxford University receives millions to study medical cannabis, and Massachusetts liquor store owners are eyeing the rec MJ market.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Mixed messages

Attorney General Jeff Sessions – asked by a reporter if the federal government would be cracking down on…

CONTINUE READING: Click Here to Continue Reading Article …


AG Sessions signals no major federal marijuana crackdown

Attorney General Jeff Sessions on Wednesday again criticized marijuana while also signaling that the Department of Justice under his leadership won’t launch a wide-ranging crackdown on cannabis businesses.

Speaking with reporters after a speech in Virginia, Sessions said “much of” the 2013 Cole Memo – which laid the groundwork for the adult-use marijuana industry as it exists today in the United States – is “valid.” But he also suggested some additional federal guidelines may be coming from the U.S….

CONTINUE READING: Click Here to Continue Reading Article …


MA lawmakers set hearings over new rec cannabis law

A legislative battle over recreational marijuana could be on the way in Boston, with public hearings poised to begin.

State lawmakers are set on holding hearings, starting next week, to address possible tweaks to the recreational cannabis law approved by Massachusetts voters in November, a move that marijuana advocates are calling a “false narrative,” according to the Associated Press.

“The new law requires no legislative fixes,” Jim Borghesani, a spokesman for the state’s rec…

CONTINUE READING: Click Here to Continue Reading Article …


US Attorney General: “We Do Not Need To Be Legalizing Marijuana”

Sen. Jeff Sessions (R-AL) listens to a question during confirmation hearings on Tuesday, January 10, 2017.

WASHINGTON, DC — Speaking to a gathering of state Attorney Generals this week, newly sworn in US Attorney General Jeff Sessions blamed recreational drug use for an alleged increase in violent crime and urged officials to reject efforts to regulate the adult use of cannabis.

Sessions disputed scientific evidence that legal cannabis access is associated with lower rates…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado AG invites Sessions to check out rec MJ industry

Colorado’s top law enforcement official extended an invitation to U.S. Attorney General Jeff Sessions to take a tour of the state’s recreational marijuana industry.

Colorado Attorney General Cynthia Coffman made the invitation Wednesday morning during a meeting with top Justice Department staff, the Denver Post reported.


Spring 2017 MJBizCon
She told them “it was important to come to the states that have legalized marijuana – particularly Colorado since we have the longest history – and to see what we have done,” according to the Post. “They…

CONTINUE READING: Click Here to Continue Reading Article …


Sessions: DOJ will adopt ‘responsible policies’ on marijuana

In his first public remarks about marijuana since being confirmed as U.S. attorney general, Jeff Sessions told reporters on Monday that his Department of Justice will strive to find “responsible policies” regarding the enforcement of federal cannabis laws.

According to the Associated Press, Sessions – who was a vocal marijuana critic as a U.S. senator before being chosen as President Donald Trump’s attorney general – added that he doesn’t believe the United States would be better off with “more people smoking pot.”


Spring 2017 MJBizCon
“I am…

CONTINUE READING: Click Here to Continue Reading Article …


White House’s words won’t deter rec marijuana states

By John Schroyer

Despite ominous overtones from the White House, the eight states that have legalized recreational cannabis are proceeding full-bore, whether it’s with existing infrastructures or plans to establish new markets.

Governors and attorneys general responded in unison: They’ll honor voters’ wishes, and conduct business as usual while awaiting specific policies.

The cannabis industry’s future was called into question Thursday when President Donald Trump’s press secretary, Sean Spicer, said “greater enforcement” could…

CONTINUE READING: Click Here to Continue Reading Article …


White House press secretary’s full comments on cannabis

Asked twice by reporters on Thursday about the Trump administration’s approach to the legal marijuana industry, White House Press Secretary Sean Spicer had the following response.

When initially asked about the disconnect between federal law and state medical marijuana laws, Spicer replied:

“There’s two distinct issues here: medical marijuana and recreational marijuana. I think, medical marijuana, I’ve said before, that the president understands the pain and suffering that many people go through who are facing, especially terminal…

CONTINUE READING: Click Here to Continue Reading Article …


White House press secretary predicts ‘greater enforcement’ on recreational marijuana

By John Schroyer

White House Press Secretary Sean Spicer on Thursday said there will likely be increased federal enforcement on recreational marijuana businesses.

“I do believe you will see greater enforcement of it,” Spicer said in response to a question about whether the Department of Justice will enforce federal marijuana laws.

It was the Trump administration’s first public comment on the nation’s marijuana industry, and it comes as a growing number of states have legalized both recreational and medical cannabis.

Spicer sought to…

CONTINUE READING: Click Here to Continue Reading Article …


NORML Responds to Possible Federal Crack Down on Legal Marijuana

WASHINGTON, DC — White House Press Secretary Sean Spicer suggested this week that the Trump administration will step up enforcement of federal laws against recreational marijuana.

“I do believe that you’ll see greater enforcement,” Spicer said, and added that the exact policy is “a question for the Department of Justice.”

The Department of Justice is lead by Jeff Sessions, a renowned ardent marijuana prohibitionist.

“If the Trump administration goes through with a…

CONTINUE READING: Click Here to Continue Reading Article …


White House Press Secretary Hints Federal Marijuana Crackdown May Be Forthcoming

WASHINGTON, DC — White House Press Secretary Sean Spicer on Thursday said that the Trump administration may engage in “greater” efforts to enforce federal anti-marijuana laws in jurisdictions that have legalized and regulated its adult use.

In response to a question regarding how the administration intends to address statewide marijuana legalization laws, Spicer indicated that the administration views the regulation of marijuana for medical purposes as distinct from laws governing…

CONTINUE READING: Click Here to Continue Reading Article …


Alaska MJ entrepreneurs find way to ship product – commercial flights

By John Schroyer

The legal marijuana industry in the United States has been built by pioneers willing to risk the wrath of authorities.

That tradition is continuing in Alaska, where a retail shop owner has pushed the legal envelope by flying across her immense state with carry-ons full of marijuana inventory for her store.

She’s done so with the explicit blessing of state officials, ranging from Alaska’s Marijuana Control Office to airport police, many of whom are eager to establish a functional system under which cannabis businesspeople…

CONTINUE READING: Click Here to Continue Reading Article …


Two MA lawmakers to rewrite rec marijuana law

A pair of Massachusetts lawmakers have been appointed to apparently rewrite the recreational marijuana legalization law approved by voters last November.

The Regulation and Taxation of Marijuana Act is an initiated state statute, instead of an amendment to Massachusetts’ constitution. That means legislators still have the legal ability to make changes to the law, despite what was approved by voters.


Spring 2017 MJBizCon
According to TV station WWLP, pro-cannabis state Sen. Patricia Jehlen and state Rep. Mark Cusack, both Democrats, have been appointed to…

CONTINUE READING: Click Here to Continue Reading Article …


Arizona group readies filing for rec cannabis legalization initiative

The first salvo in the recreational marijuana legalization fight for the next election cycle looks set to be fired Thursday, in Phoenix.

Safer Arizona 2018, a grassroots activism group, plans to file paperwork with the secretary of state’s office to place an adult-use cannabis legalization initiative on the 2018 statewide ballot, the organization announced Wednesday.


Spring 2017 MJBizCon
The group must collect at least 150,642 signatures of registered Arizona voters between Thursday and July 2018 for the initiative to make the ballot.

Spokesman Dave Wisniewski…

CONTINUE READING: Click Here to Continue Reading Article …


WA rec cannabis cultivator closed, plants destroyed over tax issue

Regulators closed one of Washington state’s early marijuana businesses for allegedly failing to pay taxes.

And, for the first time, state agents confiscated and eradicated all the plants belonging to the cultivator, Nine Point Growth Industries.

Agents with the state Liquor and Cannabis Board late last week shuttered the company, which has grown and produced recreational marijuana in West Bremerton since September 2014. It was the state’s second licensed cannabis business. An agency spokesman cited recurring tax issues as the reason…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado marijuana retail chain gets $7.5M loan for expansion

One of Colorado’s biggest cannabis retail chains wants to get even larger: The Green Solution, which has 13 locations across the state, revealed Tuesday it has secured a $7.5 million loan from iAnthus Capital Holdings, a cannabis-focused Canadian financing company.

The loan “will allow us to add multiple licenses and stores for the Colorado market in 2017,” The Green Solution’s co-CEO, Kyle Speidell, said in a news release. The company plans to open at least five more retail locations this year in Colorado, according to the release.


Spring 2017 MJBizConCONTINUE READING: Click Here to Continue Reading Article …


Hope remains for MJ consumption in Alaska rec shops

Despite the recent rejection of an onsite cannabis consumption proposal by Alaska’s Alcohol and Marijuana Control Board, recreational marijuana shops in the state may still be able to allow customers to smoke, vape or munch edibles at their stores.

According to TV station KTUU, Alaskan cannabis retailers will still be able to get legal clearance to allow customers to consume their cannabis purchases at their shops, but only if those retailers deal with even more red tape.

The control board’s acting division chief, Sara Chambers,…

CONTINUE READING: Click Here to Continue Reading Article …


Maine governor backtracks, signs bill delaying rec MJ program

Maine Governor Paul LePage reversed his initial opposition and signed a bill delaying the rollout of the state’s adult-use cannabis program by a few months.

By signing the bill Friday, LePage backtracked on an earlier vow that he would not sign the measure until state legislators provided money to his administration to start drafting regulations governing the program.


Trump Report
Under the new law, the earliest recreational sales could begin would be in February 2018, the Portland Press-Herald reported. Some initially had expected Maine’s…

CONTINUE READING: Click Here to Continue Reading Article …


Maine lawmakers approve three-month rec sales delay

Maine’s legislature on Thursday unanimously approved a three-month delay in the start of recreational marijuana sales.

The bill may still be vetoed by Republican Gov. Paul LePage, however, because some key provisions he had supported were not included in the bill, the Portland Press-Herald reported.


Trump Report
If the bill does become law, it means the earliest that adult-use cannabis sales could begin in Maine would be February 2018, instead of the initially anticipated opening time frame of fall 2017.

The legislature backed the bill with total…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado: Marijuana Sales Surpass $1 Billion in 2016

DENVER, CO — Retail sales of marijuana in Colorado totaled well over $1 billion in the first ten months of 2016 and are estimated to reach $1.3 billion by year’s end, according to data provided by the state’s Department of Revenue.

The sales totals are an increase over last year, when retailers sold $996,184,788 in marijuana-related products.

Cannabis sales in 2016 have yielded an estimated $151 million in tax revenue to date, $40 million of which will be directed…

CONTINUE READING: Click Here to Continue Reading Article…


New career, MMJ-rec tensions and cannabis under Trump: Q&A with pioneer Becky DeKeuster

Becjy DeKeuster

By Omar Sacirbey

Becky DeKeuster went from being a Catholic high school teacher to a cannabis pioneer who co-founded the Wellness Connection of Maine.

DeKeuster helped Wellness Connection earn a reputation for caring service and left her mark nationally on an industry trying to find its footing. She’s now switching gears again. DeKeuster left Wellness Connection partly because of philosophical differences with her leadership team as well as to start a consulting firm.

She spoke with Marijuana Business Daily about transitions, tensions…

CONTINUE READING: Click Here to Continue Reading Article …


Beer Sales Fall In States with Legal Retail Marijuana Markets

NEW YORK, NY — Beer sales are falling in states that permit the retail sale of marijuana to adult consumers, according to an analysis performed by the New York-based research firm Cowen & Company.

Their analysis reports that beer sales by several of the larger domestic producers have “collectively underperformed” the past two years in Colorado, Oregon, and Washington.

They added, “With all three of these states now having fully implemented a [marijuana] retail…

CONTINUE READING: Click Here to Continue Reading Article …


Guam governor pushes to legalize recreational marijuana

The governor of Guam wants to legalize recreational marijuana and plans to work with lawmakers to draft legislation that would be introduced early in 2017, a move that would make the western Pacific island the first U.S. territory with an adult-use program.

Voters on Guam passed medical marijuana in 2014. But the program has not been implemented, and Gov. Eddie Calvo believes it should be scrapped in favor of an adult-use program, according to the Pacific Daily News.


Marijuana Business License Directory
Calvo bases his belief on the difficulties Guam has encountered starting a…

CONTINUE READING: Click Here to Continue Reading Article …


In Legal Marijuana States, Consumers Are Turning to Buds Over Beer

A new industry study says access to legal marijuana is having a negative impact on beer sales. That’s bad news for the brewing industry, but good news from a public health perspective.

According to the industry site Brewbound, the research firm Cowen & Company analyzed the beer industries in Colorado, Oregon, and Washington — three states that have recreational pot shops — and found that their beer markets have “collectively underperformed” in the past two years.

The…

CONTINUE READING: Click Here to Continue Reading Article …


Alaska’s top cannabis regulator is resigning

Alaska’s top cannabis official, Cynthia Franklin, is stepping down from her post to take another job in the state government.

Franklin said Jan. 6 will be her last day as director of Alaska’s Alcohol & Marijuana Control office (AMCO), according to Alaska Public Media.

In 2014, she was appointed head of the Alcoholic Beverages Control Board, which morphed into the AMCO after Alaskans passed a recreational cannabis referendum on Nov. 4 of that year.


Marijuana Business License Directory
Franklin, who has been an attorney since 1989, will next serve as assistant attorney…

CONTINUE READING: Click Here to Continue Reading Article …


Chart: Healthy markups for marijuana strains with celebrity names

12-5-16-cotw

By Eli McVey

Celebrity-branded marijuana strains are commanding a premium in recreational markets by capitalizing on name recognition and sophisticated branding.

The average markup of a celebrity-branded strain versus its unbranded counterpart is approximately 24%, which often equates to $5-$10 more per eighth, according to an analysis by Marijuana Business Daily.

The findings highlight the long-term potential of such offerings and the power of using a well-known name to sell cannabis to recreational users, who often consider different…

CONTINUE READING: Click Here to Continue Reading Article …


Report: MMJ producers would also supply Canada’s rec program

Canada’s 36 federally licensed medical marijuana producers would become the initial cultivators for the country’s proposed legalized recreational program under a plan delivered to Prime Minister Justin Trudeau, sources told the Globe and Mail newspaper.

A task force responsible for recommending how the country’s proposed marijuana legalization system will be regulated delivered its report to Trudeau’s government Wednesday. But the proposals won’t be made public for several weeks, the newspaper reported.


Marijuana Business License Directory
The report recommended a…

CONTINUE READING: Click Here to Continue Reading Article …


Week in Review: 5 business takeaways from the landmark election

weeklywrapupimage

By Omar Sacirbey and Bart Schaneman

Now that voters in seven additional states have legalized recreational or medical marijuana, business leaders and political observers are bullish about the potential for industry growth.

They point to greater opportunities through interstate expansion, increased investor interest in cannabis and greater innovation in technology and business strategies.

“People should feel good about these victories and the opportunities that legalization brings,” said Kris Krane, managing partner of 4Front Advisors, a…

CONTINUE READING: Click Here to Continue Reading Article …


Voters In Eight States Approve Marijuana Law Reform In Unprecedented Election Victories

election-2016-results-257

WASHINGTON, DC — Millions of Americans cast votes on Election Day in favor of sweeping statewide marijuana law reforms.

Voters in four states: California, Maine, Massachusetts, and Nevada approved ballot measures legalizing the adult use of cannabis and licensing its commercial production and retail sale. Voters in four additional states: Arkansas, Florida, Montana, and North Dakota approved initiatives legalizing and/or expanding the use and dispensing of cannabis for therapeutic…

CONTINUE READING: Click Here to Continue Reading Article…


Four States End Marijuana Prohibition, Three Adopt Medical Marijuana Laws in Historic Election

Election-2016

WASHINGTON — California, Maine, Massachusetts, and Nevada voted to end marijuana prohibition and Arkansas, Florida, and North Dakota adopted medical marijuana laws Tuesday in the most momentous election to date for marijuana policy reform.

Montana approved an initiative to re-establish patients’ access to medical marijuana providers, which was hindered by state lawmakers, and create a more regulated system of medical marijuana production and distribution.

As of 4:30…

CONTINUE READING: Click Here to Continue Reading Article…


Marijuana Wins Big on Election Night

election-2016-results-257

This Election Day was a watershed moment for the movement to end marijuana prohibition, with the results expected to accelerate efforts to legalize marijuana in states across the U.S., at the federal level, and internationally.  Overall, legalization initiatives prevailed in four out of five states, and medical marijuana initiatives prevailed in all four states this year.

Votes are still being counted for legalization initiatives in Maine and Arizona, as well as for a medical…

CONTINUE READING: Click Here to Continue Reading Article …


Latest Polling Information for the 2016 Marijuana Related Ballot Proposals

Election-2016

On Tuesday, November 8, nine states will be voting on marijuana related ballot proposals potentially doubling the number of states that allow the recreational use of marijuana and expanding the therapeutic benefits of marijuana use to millions of Americans. Here’s where these measures stand in the latest polls.

Arizona: According to an October Arizona Republic/Morrison/Cronkite poll, 50 percent of registered voters in Arizona favor Proposition 205 and 42 percent oppose it. The…

CONTINUE READING: Click Here to Continue Reading Article …


Election 2016: Marijuana Law Reform Takes Center Stage

Election-2016

This Election Day is shaping up to be a watershed moment for efforts to end marijuana prohibition, with five states voting on marijuana legalization and four more on medical marijuana. The results are expected to have major ramifications for marijuana law reform in states across the U.S., at the federal level, and even internationally.

A recent nationwide Gallup poll found that a record 60 percent of respondents support legalizing marijuana, but polls on this year’s…

CONTINUE READING: Click Here to Continue Reading Article …


AZ: Colorado Officials Ask ’No on 205’ to Pull Ads with False Marijuana Tax Claims

election-2016-yes-on-205-az

PHOENIX, AZ — Colorado state officials are asking opponents of Prop. 205 to stop airing ads that “convey inaccurate and misleading statements about Colorado’s experience with regulating and taxing marijuana for adult use.”

In a Monday morning email to Seth Leibsohn and Sheila Polk, the leaders of Arizonans for Responsible Drug Policy, Colorado Sen. Pat Steadman and Reps. Millie Hamner and Jonathan Singer cite multiple “No on 205” ads that include incorrect claims about…

CONTINUE READING: Click Here to Continue Reading Article …


First AK rec marijuana shop opens to long line; another bid nixed

Alaska’s first recreational marijuana store opened Saturday with dozens waiting in line in the rain, one day after the state’s cannabis licensing board for the first time rejected a retail license application amid concerns over an out-of-state company’s stake in the business.

Herbal Outfitters opened in Valdez at noon local time Saturday, almost two years after voters in the state gave their OK to legalize recreational marijuana.


Conference Deadline Approaching
Herbal Outfitters owner Rick Ballow is a Valdez native who returned from Arizona for the opportunity to…

CONTINUE READING: Click Here to Continue Reading Article …


Rec MJ ballot measures ahead in three states, but by slim margins

According to a trio of new polls released in cannabis battleground states, recreational marijuana legalization is ahead going into the final days of the 2016 campaign – but not by much.

In Arizona, support for a recreational cannabis legalization measure is at 50%, while about 43% of voters oppose the initiative and 8% haven’t made up their minds, according to an Arizona Republic/Morrison/Cronkite News poll.


Conference Deadline Approaching
In Massachusetts, rec is winning with 49% of voters supporting a legalization initiative; 42% oppose it and 9% are undecided,

CONTINUE READING: Click Here to Continue Reading Article …


Report: Canada rec cannabis industry could top $26 billion

Canada’s widely anticipated recreational marijuana market could become a more than $22.6 billion industry once it’s legalized, according to a new report by Deloitte.

The accounting and consulting firm’s report, scheduled for release soon, concludes that adult-use marijuana will be a huge jump-start for the Canadian economy, the Toronto Star reported. Prime Minister Justin Trudeau is expected to introduce legislation to legalize rec marijuana next spring.


Conference Deadline Approaching
The report estimates the base retail market could be worth $4.9 billion-$8.7…

CONTINUE READING: Click Here to Continue Reading Article …


Values Survey: 63 Percent of Americans Say Marijuana Should Be Legal

Washington state retail marijuana

Sixty-three percent of Americans age 18 and older favor making the use of marijuana legal, according to national polling results compiled by the Public Religion Research Institute’s American Values Survey.

The percentage is the highest ever reported by the poll, and marks a 30 percent increase in public support for legalization since 2014.

The poll possesses a margin or error of +/- 2.8 percentage points.

The results come only days after separate surveys released by…

CONTINUE READING: Click Here to Continue Reading Article …


Gallup: Record High Percentage Of Americans Back Legalizing Marijuana

Marijuana grows legally in Colorado. (Brett Levin via Flickr)

Marijuana grows legally in Colorado. (Brett Levin via Flickr)

Sixty percent of Americans believe that “the use of marijuana should be legal,” according to nationwide polling data released Wednesday by Gallup. The percentage is the highest level of support ever reported by the polling group, and represents more than a doubling in public support over the past two decades.

The data closely follows the release of polling data compiled by the Pew Research Center showing…

CONTINUE READING: Click Here to Continue Reading Article …


Pew Poll: Public’s Attitude Shifts Dramatically In Favor Of Marijuana Legalization

Pew Poll: Public’s Attitude Shifts Dramatically In Favor Of Marijuana Legalization

Nearly six in ten Americans now believe that marijuana use ought to be legal and only about one in three favor continuing to criminalize the plant, according to nationwide survey data published Wednesday by the Pew Research Center.

Fifty-seven percent of respondents say “The use of marijuana should be made legal,” the highest percentage of Americans ever to answer the question affirmatively in a Pew poll. Only 37 percent of respondents disagree with legalization.

The percentages mark a dramatic shift in public opinion over the past…

CONTINUE READING: Click Here to Continue Reading Article …


Marijuana Legalization: Recreational Use Initiatives Leading In Latest Polls

Marijuana Legalization: Recreational Use Initiatives Leading In Latest Polls

WASHINGTON, DC — Voters are supportive of five pending ballot measures that seek to regulate the adult use and sale of marijuana, according to recent polling data compiled in Arizona, California, Maine, Massachusetts, and Nevada.

Half of Arizona voters intend to vote ‘yes’ in favor of Proposition 205: The Arizona Legalization and Regulation of Marijuana Act, according to an Arizona Republic/Morrison/Cronkite News poll. Forty percent of voters oppose the initiative. The Act allows adults age 21 and older to possess and to privately…

CONTINUE READING: Click Here to Continue Reading Article …


Developer may boost stake in Colorado marijuana chain

A longtime Vail developer with years of experience in the marijuana trade is poised to strengthen his ownership stake in Native Roots, one of Colorado’s largest cannabis retail chains.

Businessman Peter Knobel will boost his stake in Native Roots from 50% to 67%, pending state approval of the deal, according to the Aspen Times. The deal was recently approved by local officials in Aspen.

Native Roots operates 17 medical and recreational storefronts in Colorado, including one in Aspen that does business as RJJ Aspen.


License Directory Sidebar
If the deal is approved…

CONTINUE READING: Click Here to Continue Reading Article …


California rec campaign spending half its cash on ads

The campaign behind Proposition 64, which would legalize adult-use cannabis in California, has already committed nearly half its $14 million war chest to TV and radio ads across the state.

One such ad, according to the Los Angeles Times, focuses on provisions included in the legal language of the Adult Use of Marijuana Act (Prop 64’s formal title), including a prohibition on edibles and marketing that target children.


License Directory Sidebar
A second ad argues that tax revenue from legal recreational marijuana sales could hit $1 billion for California…

CONTINUE READING: Click Here to Continue Reading Article …


Alaska’s recreational cannabis market just weeks from debut

alaska marijuana

By John Schroyer

The fourth recreational marijuana market in the United States is nearly here.

Alaska’s adult-use industry is just a few weeks from the first retail sales, according to estimates by multiple sources. The first rec shop, Frozen Budz, could open in Fairbanks before the end of the month.

The last hurdle is that local and state authorities must clear testing labs to open so cultivators can have their crops checked for potency and microbial contaminants. After that, growers will be allowed to begin supplying retailers, the first…

CONTINUE READING: Click Here to Continue Reading Article …


Up to 12 Oregon Rec Shops May Be Fully Operational

Oregon’s marijuana industry has begun a new chapter.

At least 26 recreational cannabis retailers in the state have now been fully licensed, the Associated Press reported. And up to a dozen of those were in a position to begin adult-use sales this past Saturday, the official start of Oregon’s full recreational marijuana market.

Although medical marijuana dispensaries in Oregon have been allowed to sell limited amounts of cannabis to recreational users since October 2015, adult-use customers have been allowed to purchase only up to a…

CONTINUE READING: Click Here to Continue Reading Article …


Cash Flowing Into Pro-, Anti-Legalization Campaigns

Ballot measures to legalize recreational marijuana in Arizona and medical marijuana in Florida, which voters will consider Nov. 8, are spurring opponents and proponents to spend hundreds of thousands of dollars.

Arizonans for Responsible Drug Policy, which opposes recreational legalization, has collected slightly more than $2 million but has spent less than one third of that and still has $1.4 million in its

Cash Flowing Into Pro-, Anti-Legalization Campaigns is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness…

CONTINUE READING: Click Here to Continue Reading Article …