Month: January 2020

Rhode Island recreational marijuana pitched by Gov. Raimondo

Rhode Island’s governor is pitching an unconventional recreational marijuana legalization plan centered on state-owned stores operated by private contractors, which would offer modest business opportunities for cannabis entrepreneurs. The move reflects growing pressure to legalize adult-use cannabis along the East Coast after Massachusetts launched its recreational marijuana industry in 2018. It also dovetails legalization efforts by governors in Connecticut, […]

Medical cannabis flower imported into Germany doubles again in 2019, confirming strong growth

Germany imported 6,714 kilograms (14,802 pounds) of medical cannabis flower, primarily for pharmacy dispensing in 2019, according to fresh data from the nation’s medical regulatory agency. That’s more than double the total for 2018, when about 3 metric tons were imported. Data from the Federal Institute for Drugs and Medical Devices (BfArM) confirms the strong […]

Australia says over-the-counter CBD sales ‘could be considered during 2020’

A review of cannabidiol products being undertaken by Australian health authorities could result in the relaxation of the scheduling status of CBD, potentially making it available over the counter in low doses. In a public submission to a Senate committee studying Australia’s medical cannabis access scheme, the Department of Health said the Therapeutic Goods Administration […]

Louisiana medical marijuana grower to sell CBD products

Ilera Holistic Healthcare, a medical marijuana grower in Louisiana, plans to sell CBD products nationwide. A contractor for Baton Rouge-based Southern University, Ilera will also sell the over-the-counter CBD products at all but one medical marijuana dispensary in Louisiana. “We’ll be the first university in the United States to do a national CBD launch,” Ilera CEO […]

Everything You Should Know About The Rosinbomb Rocket

In the modern age of weed, few things are as exciting as making your own dabs, and the Rosinbomb Rocket gives the ever-growing concentrate community the opportunity to do just that.  In 2014, Rosinbomb entered the cannabis space after Ryan Mayer, president and founder of Maverick Technologies, switched from pressing fruits and vegetables to pressing […]

Cannabis trade group’s report targets illicit market in response to vaping health crisis

The marijuana industry’s largest trade association released a report Tuesday on the vaping health scare that calls on cannabis business owners, regulators and law enforcement to do more to combat the illegal market. The National Cannabis Industry Association (NCIA) report targets several areas for improvement in order for licensed cannabis companies to succeed against illegal operators, which many experts […]

More consumers boost Colorado’s recreational marijuana market in 2019

Sales of adult-use cannabis in Colorado eclipsed $1.4 billion in 2019, a record for the state that likely was propelled by new customers entering the market. Recreational marijuana sales were up 16% in 2019, marking the first time that sales growth accelerated from year to year in any adult-use cannabis market, not just Colorado’s. Sales […]

US senators ask DEA for cannabis cultivation timeline

Published December 16, 2019 Eight Democratic U.S. senators have requested that the U.S. Drug Enforcement Administration (DEA) provide by Jan. 10 a timeline for when it will issue additional marijuana cultivation licenses for research purposes. The letter praised the DEA’s August announcement that it plans to expand marijuana research but reiterated concerns about delays and the failure […]

Temporary uptick in Washington state wholesale cannabis flower prices on shuttered businesses, unused canopy

(This is the second in a series of stories from Marijuana Business Daily examining wholesale prices in U.S. recreational marijuana markets. Part 1 covered Nevada.) Washington state’s wholesale cannabis flower market is experiencing rising prices, but marijuana business owners don’t expect that upward trend to last. Growers throughout the state report that wholesale flower prices are averaging: […]