Month: March 2020

Why Won’t Kyle Turley Stop Spreading Misinformation about CBD and Coronavirus?

Former NFL player Kyle Turley believes CBD can prevent and cure coronavirus—and he’s not backing down on that clinically unsubstantiated claim despite pushback from marijuana legalization supporters and prohibitionists alike. In fact, he accused those advocates of cowardice, alleging in an interview with Marijuana Moment that they’re afraid of the consequences of spreading what he […]

New York adult-use marijuana legalization appears stalled

Recreational cannabis legalization in New York likely will be shelved for now because of the coronavirus crisis, but experts expect the legislation to be back in play later this year. New York Gov. Andrew Cuomo said Tuesday the state isn’t likely to legalize rec cannabis as part of its budget bill because it’s “too much, […]

Rush to stock up on recreational marijuana may lead to lower sales now

Despite a couple of temporary sales spikes in recent weeks, adult-use cannabis sales in California, Colorado and Washington state are all suffering from the economic fallout surrounding the coronavirus pandemic. According to point-of-sale data provided by Seattle-based Headset, adult-use cannabis sales were less than those for the same day in 2019 for six consecutive days […]

Michigan’s recreational marijuana sales a fraction of potential

Michigan sold more than $31 million in adult-use cannabis during its first three months of sales, though the state is still working out the kinks in this developing market. Despite near-term disruption from the coronavirus, early sales are just a fraction of their potential in a market that could reach $1.5 billion in sales annually. […]

Cannabis giant 4Front cuts workforce, appoints new CEO

Multistate marijuana operator 4Front Ventures on Monday said it has slashed its corporate workforce by almost 40% and cut the number of employees at its recreational and medical cannabis stores by almost 45%. The company did not release the number of employees who lost their jobs. The cuts, which took place over the past four […]

Illinois extends adult-use marijuana licensing process

The application deadline for a number of Illinois’ recreational cannabis business permits has been extended by a month during the coronavirus crisis. According to the Chicago Sun-Times, Democratic Gov. J.B. Pritzker signed an executive order extending the license application deadline from March 30 to April 30 for: 40 cannabis infusers that manufacture edibles and other products. 40 […]

Effects of coronavirus on cannabis retail

States and cities continue to release new ground rules establishing if and how cannabis retailers can keep doing business after statewide stay-at-home orders are put in place to try to slow the coronavirus crisis. Many marijuana store owners are shifting to manage new curbside-pickup and expanded delivery services, even as they try to keep the health and […]

Recreational MJ sales tumble, cannabis stores open during pandemic, giant Harvest and Verano merger dead & more

COVID-19 causes cannabis sales to ebb, flow Only a few days after adult-use marijuana sales soared amid the coronavirus scare, they took a nosedive. MJBizDaily takeaway: The roller-coaster ride in marijuana sales was to be expected. Initially, consumers, panicked by the pandemic, stockpiled products. The sudden drop might mark a natural decline after consumers stocked up before […]

MJBizDaily podcast: Recreational marijuana sales fall after rising on COVID-19 fears and more

Adult-use cannabis sales plunged this week after briefly hitting new heights attributed to coronavirus concerns. Some of the other top headlines addressed in this week’s MJBizDaily podcast include:   More states say medical cannabis shops can stay open amid the COVID-19 outbreak. States have allowed marijuana businesses to remain open despite coronavirus stay-at-home orders. Kentucky hemp […]

First Legal Marijuana Home Deliveries Begin In Colorado

For the first time, people in Colorado will be able to legally have marijuana products delivered directly to their homes starting on Friday. The launch of the limited program focused on medical cannabis patients comes one week after the dispensary chain Native Roots announced that its Boulder location The Dandelion had received the state’s first marijuana […]