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2020 Marijuana Business Factbook examines coronavirus impact, consumer trends

COVID-19 changed the way many businesses operate – and the cannabis industry is no exception, according to data available exclusively in the latest Marijuana Business Factbook. The 2020 edition, available now, takes a deeper look at how the pandemic impacted the industry, including shifts in consumer behavior and preferences. Understanding how and what customers want […]

New regulatory agency takes reins of Nevada’s marijuana industry

Nevada’s Cannabis Compliance Board is getting up and running this month in a transition of oversight power from the original industry regulator, the state Department of Taxation. According to KUNR Public Radio, the new board will be in charge of company site inspections, overseeing marijuana lab testing and more. The transition began last year at […]

Nebraska medical cannabis legalization well on its way to voters in November

Nebraska medical marijuana advocates gathered more than 182,000 signatures for an initiative petition campaign, despite challenges stemming from the coronavirus pandemic. Organizers needed only 122,000 signatures to place medical marijuana legalization on the November ballot, more than 10% of the eligible voters in the state, according to the Lincoln Journal Star. Signature-collection efforts were put […]

Why it’s important to buy from Black and POC-owned cannabis businesses

When legal cannabis entered the US economy, tech startups, pot shops, and numerous brands flooded the space. Yet despite this explosive growth, Black and Brown entrepreneurs within the cannabis sector have been edged out since day one.  The overcriminalization of weed and over-policing of communities of color — even as more states regularly legalize every […]

US cannabis sales to top $15B, Illinois licensing delays, NJ at forefront of legalization & more

Medical and recreational cannabis sales in the United States are on track to exceed $15 billion this year, a jump of 40% over 2019, according to the new Marijuana Business Factbook. Moreover, total U.S. sales could reach as high as $37 billion by 2024. MJBizDaily takeaway: The projections come with a big, two-pronged caveat: The coronavirus pandemic and […]

An up-close look at COVID-19’s impact on US marijuana sales

Eli McVey, research analyst for Marijuana Business Daily, presented his research this week on how the COVID-19 pandemic has influenced cannabis sales and the behavior of adult-use and medical cannabis consumers. What follows are excerpts from his presentation during this week’s MJBizConNEXT Direct. The slideshow includes details on overall sales, the size of individual consumer […]

Adult-use cannabis legalization in Arizona appears headed for November ballot

Based on signatures submitted to the state this week, an industry-backed initiative to legalize a commercial recreational marijuana market in Arizona appears likely to get on the November ballot. The group, Smart and Safe Arizona, submitted 420,000 signatures with the Arizona Secretary of State, according to alt-weekly Phoenix New Times. The signatures still must be […]

Employees at Massachusetts marijuana firm vote to unionize

Employees at New England Treatment Access, a cannabis company based in Massachusetts, voted to form a union under the United Food and Commercial Workers – becoming the latest marijuana industry workers to affiliate with the UFCW. Sixty workers at NETA’s grow facility in Franklin cast the votes to unionize, the Boston Business Journal reported. If […]