San Francisco supervisors delayed voting Tuesday on proposed pot regulations, making it more unlikely that people in this weed-friendly city will be able to buy recreational pot when adult use becomes legal Jan. 1 in California.
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Manitoba’s the latest province to unveil its plan for marijuana sales and distribution, releasing details Tuesday on how the new industry will operate.
People who buy medical marijuana online may not necessarily get exactly what they expect when their package arrives in the mail, new research suggests.
Buying weed in California is about to get less risky and much more expensive. A patchwork of new policies, including special taxes, will roll out in the state before sales of recreational marijuana begin at the start of 2018.
Canadian Prime Minister Justin Trudeau introduced legislation to legalize recreational marijuana throughout the country, which plans to be in effect on Canada Day (July 1) 2018. Now, many experts have predictions for the Canadian marijuana economy as a result of the cannabis industry becoming legal.
Alaska’s cannabis tax revenue continued a steady climb upward in September, with $723,757 collected statewide, according to a state official.
Cannabis reform may be coming to the European Union’s most populous country as German conservatives, the Green Party and the Free Democratic Party continue their talks on forming a coalition government. Part of their discussions include an agreement on fully legalizing marijuana and selling the drug through pharmacies or licensed dispensaries.
A special legislative commission is looking into the potential effects of legalizing recreational marijuana in Rhode Island as the state’s northern neighbor readies to allow recreational marijuana sales.
All Greens Dispensary on 99th Avenue and Bell Road will activate the first marijuana drive-thru window in Arizona on Friday now that it has approval from the state.
Enforcing Canada’s new legal weed comes with a high price tag. The federal government will spend C$546 million ($426 million) over the next five years to implement its new cannabis laws, according to the latest budget forecast.
On Oct. 23, 2017, the Maine House of Representatives and Senate voted in a special session to approve LR 2395, a bill that would rewrite the Marijuana Legalization Act and pave the way for recreational marijuana sales. The measure will now go to the desk of Gov. Paul LePage, where it faces an uncertain future.
While supply shortages may have hampered Nevada recreational marijuana sales when the second month of sales commenced on Aug. 1, 2017, the industry was able to rebound and close out the month of August with more than $33 million in sales.
Maine’s governor is pushing for lawmakers to delay the start of legal recreational marijuana sales instead of rewriting the voter-approved marijuana law.
There’s a massive Canadian marijuana news story that we’ve been following for over a year here at Money Morning. The news could lead to the Canadian cannabis industry growing by 400% in just four years, and you can profit by getting in right now…
DENVER, Oct. 19, 2017 /Weed Wire/ — Ubiquitech Software Corp. (OTC PINK: UBQU), through its operating subsidiary HempLifeToday.com, is proud to announce that Forbes Magazine has listed HempLife Today™ among the top five Hemp CBD Companies in gross annual product sales, and that sales of CBD products could hit one billion per year within the next three years.
Legalize Maine, the organization behind the Pine Tree State’s successful legalization initiative, has announced its opposition to a measure aimed at rewriting the state’s recreational marijuana laws.
Colorado cannabis sales are on track to reach an all-time high at record speed, with cannabis having already banked $1 billion in sales within the first eight months of 2017.
It looks like the enhanced legalization of medical marijuana in Montana will boost the Treasure State’s coffers this year, with sales increasing the amount of money in Montana’s general fund.
DENVER, Oct. 11, 2017 /Weed Wire/ – As Next Frontier Biosciences prepares to launch its Verra Wellness line of purified cannabinoid products in November, the Colorado-based biotech company has enhanced its experienced sales lineup with the addition of a new Regional Sales Manager, Colin Osborne.
HONOLULU, Oct. 10, 2017 /Weed Wire/ – The Hawai‘i State Department of Health (DOH) has issued a formal notice to proceed to Mānoa Botanicals LLC dba Noa Botanicals after the dispensary completed laboratory testing requirements and passed its final onsite inspection.
Nearly three years after Oregon voters voted to legalize marijuana for adult use, several groups are reaping the benefits.
The stock of MedReleaf Corp. has recently outperformed those of other top marijuana stock players in Canada, and there could be further price gains going forward after the recently listed cannabis firm has found its footing and stopped the earlier quarterly revenue declines.
Montana medical cannabis providers have until Oct. 15, 2017, to file and pay their taxes for sales made in July, August and September. This represents the first time the state’s Department of Revenue has collected taxes on medical cannabis sales.
An Oregon man has withdrawn his petition to legalize local cannabis sales within the city limits of Klamath Falls.
Legal pot sales rose a stunning 34% in 2016 to $6.7 billion across North America, according to Arcview Market Research. But with growth this rapid, there’s bound to be more than a few marijuana stock investments that will be left behind.
Folks in the cannabis industry fear that cultivation, production and retail regulations could drive up the price of weed just when consumers are able to buy in stores without a doctor’s recommendation.
Canada’s biggest medical cannabis producers are seeing their stock prices rise after the federal government announced a plan to levy a one dollar per gram tax on recreational marijuana sales.
Canada is proposing a federal excise tax on marijuana to help ease the path to legalizing the drug, Prime Minister Justin Trudeau said on Tuesday, drawing a cautious response from provinces that would oversee the process.
SPRINGFIELD, Oct. 4, 2017 /Weed Wire/ — The Illinois Department of Public Health (IDPH) has approved applications for approximately 25,600 qualifying patients (including 216 persons under 18 years of age), since it began accepting applications for the Medical Cannabis Registry Program on September 2, 2014.
Three years after Alaska residents voted to legalize recreational marijuana, some Alaskan towns were still mulling whether to ban commercial cultivation and retail sales of the drug.
TORONTO, Ontario, Oct. 3, 2017 /Weed Wire/ — Supreme Pharmaceuticals Inc. (“Supreme” or the “Company”) (TSXV: FIRE) is pleased to announce that 7ACRES’ first month of sales exceeded $1,500,000, and that such sales will be recorded in the quarter ended September 30, 2017.
Nevada took a chance on recreational cannabis this summer, and it looks like the payout is huge. In its first month of adult-use sales, Nevada raked in nearly $3.68 million in cannabis tax revenue
The munchies are driving up fast-food sales in states where marijuana is legal. Cannabis has been shown to increase users’ appetite, sending many customers of legalized dispensaries to fast-food chains.
Manitoba is studying whether to involve the private sector in rolling out sales of marijuana in the Canadian province — a contrast to Ontario’s plan to sell the drug in government-run stores.
Ontario will try to sell legal pot for a price low enough to squash the black market. The government plans to establish a price for recreational marijuana that isn’t too high in order to eliminate illicit sales.
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales.
Gov. David Ige and state Financial Institutions Commissioner Iris Ikeda announced a “banking solution” that allows Hawai‘i’s medical cannabis dispensaries to access financial services and use a cashless payment system
From gluts to labeling updates and the combination of medical and recreational sectors, the Washington cannabis market has been on a rollercoaster ride, but flower has managed to remain king of the hill.
When retail outlets in California finally get permission to start selling recreational marijuana at the start of 2018, thanks to a vote last year, there’s one notable way they won’t be able to deliver the drug—by drone.
Washington recreational cannabis sales and diversion rates took a dip when neighboring Oregon enacted recreational legalization.
Recreational cannabis is a $6 billion industry that is projected to reach $50 billion in legal annual sales by 2026. Here’s what you need to know if you’re thinking of investing in marijuana.
Undoubtedly, a reversal in the federal government’s laxness on pot would be terrible news for marijuana stock investors, but not every last company would be decimated. One marijuana stock could still thrive, even with Jeff Sessions waving the metaphorical sword at the pot industry: Scotts Miracle-Gro.
With the Centennial State enjoying one of the lowest unemployment rates in the country, workers in Colorado have a lot to celebrate, but so do the state’s dispensaries.
It’s a growing trend: hemp for pets. But it could soon be harder to find. Utah’s Department of Agriculture and Food announced Wednesday it had issued warnings to more than two dozen businesses, asking them to stop manufacturing and selling adulterated or misbranded commercial feed.
As California gears up for the sale of recreational cannabis, lawmakers are still concerned about cannabis packaging that could appeal to minors. On Aug. 24, 2017, state lawmakers sent Gov. Jerry Brown Senate Bill 663, a bill intended to thwart edibles from being marketed to adolescents, as reported by the Los Angeles Times. Crafted by…
BOULDER, Colo., Aug. 22, 2017 /Weed Wire/ — Labor Day Weekend invites backyard grilling, the last dip in the pool for the year, outdoor concerts and cannabis — lots of cannabis.
Nevada recreational cannabis sales have declined by approximately 20-30% since first launching in July of this year, according to a report published by the Nevada Department of Taxation and obtained by the Reno Gazette-Journal.
It looks like residents of the Pine Tree State will now have to wait several more months for recreational marijuana sales in Maine.
If you look around, chances are you won’t find many marijuana stocks struggling. But there’s always an outlier — and for the marijuana industry that’s drugmaker Insys Therapeutics.
Marijuana sales in Colorado, the first state in the nation to legalize recreational weed, surpassed $750 million during the first half of 2017, up about 25 percent compared to the first six months of 2016.