Tag: cannabis

Biden Unity plan fails to chart a bold path forward on federal cannabis legalization

(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the cannabis industry. Joe Caltabiano is a cannabis entrepreneur and co-founder of Cresco Labs, a Chicago-based multistate operator where he served as president until he resigned in March 2020.) On July 10, presumptive Democratic presidential nominee Joe Biden released […]

Lack of jobless stipends’ toll on cannabis, rising Illinois MJ sales, Texas hemp firms sue state & more

It’s been a little more than a week since the $600-per-week federal jobless benefits expired, and the toll that lack of extra support could take on the cannabis industry – especially recreational businesses – might well become more apparent this month. MJBizDaily takeaway: Congress and the White House have so far failed to reach a […]

Massachusetts cannabis processor fined $120,000 for using excess ethanol

Massachusetts regulators fined a marijuana grower/processor $120,000 for selling vape cartridges in late 2018 and early 2019 that exceeded ethanol limits. The state’s cannabis tracking system flagged a transaction that showed a failed test for cartridges processed by Fitchburg-based Revolutionary Clinics. Revolutionary Clinics, which said it was unaware of the failed test, then conducted an […]

Australia sees record month for medical cannabis approvals

Australia’s Therapeutic Goods Administration (TGA) added more than 5,500 approvals in July for unapproved medicinal cannabis products – the biggest one-month gain on record. July’s figure is 20% higher than June’s 4,630 approvals. Australia has one of the biggest federally regulated medical marijuana markets outside North America, but it’s still considered nascent. The country saw […]

Illinois urged to apply adult-use cannabis tax revenue to social equity

Illinois should use tax revenue from recreational marijuana sales to help social equity applicants who continue to accrue expenses because of extended coronavirus-fueled licensing delays, an industry group says. The Cannabis Business Association of Illinois suggested the move in a letter to Gov. J.B. Pritzker, according to the Chicago Tribune. “We all recognize that the […]

Cannabis social equity makes progress in Washington state, but licensees will face notable obstacles

(This is the fifth in a series of stories from Marijuana Business Daily examining social equity regulations and business opportunities in key U.S. markets. Part 1 covered Illinois, Part 2 covered Michigan, Part 3 covered California and Part 4 covered Oregon.) Efforts to broaden minority participation in Washington state’s cannabis industry are underway, but government officials face obstacles […]

Michigan to allow stand-alone adult-use cannabis licenses earlier than expected

Michigan plans to make recreational-only licenses available to marijuana businesses in November, a year ahead of schedule, according to the state’s top cannabis regulator. The plan will open up new business opportunities in Michigan’s nascent adult-use industry, including the possibility of more robust social equity licensing. But the state’s program remains constrained by the fact […]

Individual imports of cannabis continue to grow in Brazil

The cumulative number of authorizations for individual patients in Brazil to import nonregistered medical cannabis products reached 18,650 at the end of March, according to data shared with Marijuana Business Daily by the country’s health regulator. National Sanitary Surveillance Agency (ANVISA) approvals to import the products have been growing rapidly in the past year, and […]

Cannabis industry veterans share measures they’ve taken to keep their companies viable amid the current economic downturn

Austin Stevenson Chief innovation officer of Vertosa Oakland, California   How has Vertosa reduced costs? Oil has a long shelf life and there is an oversupply of oil on the market, reducing the costs. The looming recessionary fear has caused the cost of extracts to go down even more. Being a company that uses those […]

Cannabis consumption preferences cross generations as millennials and baby boomers favor inhalable products

For all the strife that seems to exist between millennials and baby boomers, when it comes to marijuana consumption, the two generations actually have much in common. But key differences also exist, which affects how businesses will need to focus their messaging to reach these customers. Both demographic cohorts identified inhalation as the most preferred […]