Friday, February 14, 2020 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Friday, February 14, 2020 | Curated by host Shea Gunther

// Los Angeles County expunges 66,000 marijuana convictions in a day (Leafly)

// Aurora Cannabis reports steep loss, production drop, and higher costs (Marijuana Business Daily)

// California unions ask state’s Democrats to shut out major cannabis trade group (Marijuana Business Daily)


These headlines are brought to you by Atlantic Farms, a Maine-based multistate cannabis business with operations in Maine and Massachusetts. Atlantic Farms is looking for people to help it grow and evolve as investors. Open up TheAtlanticFarms.com for more on the company and email info@theatlanticfarms.com to learn about investment opportunities.


// Baker’s anti-stoned driving bill is dead- but marijuana cafes and employee protections move ahead in Legislature (Boston Globe)

// Scientists Find Aluminum Cans Suck Cannabinoids Out of Infused Beverages (Merry Jane)

// Taxes a big factor behind the financial woes of California marijuana companies (Marijuana Business Daily)

// Scotland Opens First Medical Cannabis Clinic to Treat Chronic Pain (Merry Jane)

// A Psychedelics Company Is About to List on a Public Stock Exchange (Merry Jane)

// California ‘vape art’ exhibit flashes bright light on waste issue (Reuters)

// Las Vegas dispensary offers free joints to Nevada primary voters (Leafly)


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How Much Cannabis Each State Sold in First Month of Legal Sales

Illinois dispensaries sold nearly $40 million dollars with of cannabis in the first 31 days of recreational cannabis sales, according to new numbers released last week.

The Illinois Department of Financial and Professional Regulation announced the number on Feb. 3. Officials said the final total of $39,247,840.83 came from the sale of 972,045 cannabis products at licensed retailers across the state.

The state also said the lion’s share of those sales went to Illinois residents, who purchased over $30 million worth of pot, while those visiting tourist destinations like Chicago or just jumping state lines to escape dated marijuana laws spent almost $9 million.

“A portion of every cannabis sale will be reinvested in communities harmed most by the failed war on drugs,” the state’s report noted.

The office of Illinois Gov. J.B. Pritzker said the first month of legal cannabis sales was a success, and again emphasized the importance of equity in the cannabis industry.

“The successful launch of the Illinois’ legal cannabis industry represents new opportunities for entrepreneurs and the very communities that have historically been harmed by the failed war on drugs,” said Toi Hutchinson, senior advisor for cannabis control to Pritzker. “The administration is dedicated to providing multiple points of entry into this new industry, from dispensary owners to transporters, to ensure legalization is equitable and accessible for all

Illinoisans.”

So where does that $40 million in first-month legal cannabis sales rank all time among other states that have legalized? Let’s look at Nevada first. The Las Vegas Review-Journal reports that, in September 2017, Nevada officials announced the state had sold $27 million worth of cannabis products. We have some slightly longer periods we can look at too for Nevada, as the Nevada Dispensary Association said the first four months of legal sales from July through October 2017 saw $127 million in sales.

So if Illinois was to keep pace with its first month sales, keeping in mind there hasn’t been enough flower to go around when it transitioned to the legal market, it could hit nearly $160 million in the first four months, blowing Nevada out of the water again.

In Colorado, the state’s dispensaries sold $5 million worth of pot in the first week. Years later, Colorado ramped up to selling $119 million in the month of January 2018. But that would be the last month that Colorado served as the state selling the most pot per month in America.

That’s because California’s adult-use cannabis market came online in January 2018 and conducted $114 million in sales, according to BDS Analytics. By February 2018, California would be the largest legal marketplace in the world and never look back. (Of course, these numbers only reflect the legal market, and experts estimate that California’s traditional underground cannabis market is still worth three times that of the legal one.)

So while Illinois may have not had as big a start as the more populous California, it was plenty reputable. Plus, they have a bunch of other cool stuff going on.

Recently, the Illinois Department of Agriculture started the application process for cannabis infusers, craft growers and transporter licenses. They’ll start taking them on Valentine’s Day and people will have a month to get them in.

“Social equity applicants will receive additional points on their application and are eligible to receive technical assistance, grants, low-interest loans and fee reductions and waivers,” the state noted.

Illinois equity-centric plan for marijuana legalization has long been considered one of the most progressive approaches to fight off the damage done by the War on Drugs to communities of color. One of the most important parts of the program is there will be money to support entrepreneurs from those impacted communities, which is currently an issue with a lot of equity programs in other places.

Here’s a comparison of each state with legal cannabis sales, in order of when they opened up for sales, and how much they earned:

Colorado, January 2014: $14 million ($46.6 million including medical marijuana)

Washington, July 2014: $3.2 million

Oregon, January 2016: $13.9 million

Alaska, October 2016: $750,581 (for first five weeks)

Nevada, September 2017: $27 million

California, January 2018: $114 million

Massachusetts, November 2018: $9.3 million

Michigan, December 2019: $6.5 million

Illinois, January 2020: $40 million

Both Vermont and Maine have legalized adult-use cannabis, but do not have adult-use cannabis marketplaces set up yet.

TELL US, what do you think cannabis taxes should be used for?

The post How Much Cannabis Each State Sold in First Month of Legal Sales appeared first on Cannabis Now.

Friday, February 7, 2020 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Friday, February 7, 2020 | Curated by host Shea Gunther

// Aurora announces CEO Booth’s departure, layoffs and up to CA$1 billion in writedowns (Marijuana Business Daily)

// Top Connecticut Lawmakers File Marijuana Legalization Bill On Behalf Of Governor (Marijuana Moment)

// Washington state lifts ban on cannabis vape products (Marijuana Business Daily)


These headlines are brought to you by Green Worx Consults, a company specializing in project management, workflow mapping and design, and Lean & 6 Sigma process. If you could use help making your business better at business, get in touch with Green Worx Consults.


// USDA Announces Two More Hemp Insurance Programs (Marijuana Moment)

// Maine enlists Metrc as state’s marijuana traceability provider (Marijuana Business Daily)

// Pure Oasis becomes first Boston retail marijuana shop and economic empowerment applicant to receive final license hopes to open later this month (Mass Live)

// New Hampshire Senate Approves SB 420 To Let Medical Marijuana Patients Grow Their Own (Marijuana Moment)

// Planet 13 Cafe Is Paying Off As Sales Stay Strong (Green Market Report)

// KushCo Holdings Raises $16 million with Unit Sale at $1.60 (New Cannabis Ventures)

// Psychedelic Clinic Company Field Trip Raises $8.5 Million (Green Market Report)


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Photo: Lenny K Photography/Flickr

Friday, January 17, 2020 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Friday, January 17, 2020 | Curated by host Shea Gunther

// New Mexico Marijuana Legalization Bill Filed After Governor Puts Issue On 2020 Agenda (Marijuana Moment)

// Global Cannabis Sales Grow 48% to $15 Billion in 2019 (Valdosta Daily Times (AP))

// 40% of Arizona’s Hemp Crops Must Be Destroyed Due to Too Much THC (AZ Marijuana)


These headlines are brought to you by MJToday Media, publishers of this podcast as well as our weekly show Marijuana Today and the most-excellent Green Rush Podcast. And check out our new show Weed Wonks!


// Raimondo’s $10-billion budget plan includes state-run stores for recreational pot (Providence Journal)

// Ontario Cannabis Store sells out of edibles within hours (Marijuana Business Daily)

// Alaska pot board chair being chaired (Boston Globe)

// Marijuana deliver giant Eaze may go up in smoke (Tech Crunch)

// Congressman Backs Ballot Measure To Legalize Psychedelic Mushrooms For Therapeutic Use (Marijuana Moment)

// Travelers Threw Away Over 37 Pounds of Weed at This Colorado Airport (Merry Jane)

// High Times To Open Dispensaries (Green Market Report)


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Friday, January 10, 2020 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Friday, January 10, 2020 | Curated by host Shea Gunther

// Formerly Anti-Marijuana Congressman Cosponsors Comprehensive Legalization Bill (Marijuana Moment)

// Protesters again disrupt Cannabis Control Commission meeting but licenses approved (Worcester Telegram)

// AGLC reverses course, will buy from micro producers (Leafly)


These headlines are brought to you by Green Worx Consults, a company specializing in project management, workflow mapping and design, and Lean & 6 Sigma process. If you could use help making your business better at business, get in touch with Green Worx Consults!

// Virginia Governor Pushes Marijuana Decrim In State Of The Commonwealth Speech (Forbes)

// Illinois opens applications for additional marijuana license classes (Marijuana Business Daily)

// Marijuana Stocks: Here’s How Much Vape Sales Fell After Health Scare (Investor’s Business Daily)

// Planet 13 Pre-Announces 2019 Revenue at $63 Million (New Cannabis Ventures)

// Judge rips DEA’s deception that got Portland warehouse manager kidnapped (Oregon Live)

// Federal Reserve Bank Examines Marijuana Industry’s Growth (Marijuana Moment)

// Mississippi Governor Hints At Alternative Medical Marijuana Ballot Measure For 2020 (Marijuana Moment)


Check out our other projects:
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Monday, January 6, 2020 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Monday, January 6, 2020 | Curated by host Shea Gunther

// Illinois Sold $3.2 Million Worth of Weed on the First Day of Legalization (Merry Jane)

// Illinois Lieutenant Governor Buys Marijuana On State’s First Day Of Legal Sales (Marijuana Moment)

// MedMen Is (Frantically) Selling Its 3 Arizona Dispensary Licenses (AZ Marijuana)


These headlines are brought to you by Curaleaf, one of the leading vertically-integrated cannabis operators in the U.S. With legal medical marijuana dispensaries, cultivation sites, and processing facilities all over the United States, Curaleaf has served more than 165,000 medical cannabis patients and looks forward to helping many more long into the future. Swing over to Curaleaf.com to learn more about this very cool company!


// Colorado ushers in 2020 with new marijuana market opportunities (Marijuana Business Daily)

// Maine could get new cannabis traceability system (Marijuana Business Daily)

// Why HEXO’s writedown on ‘cannabis trim’ could be another bad sign for the industry (Financial Post)

// Former top marijuana regulator in Maryland joins MJ firm (Marijuana Business Daily)

// Florida Marijuana Lawsuit: ‘Stealth Deadline’ Means Legalization Might Miss 2020 Ballot (Marijuana Moment)

// Most employers in Nevada can no longer utilize pre-employment drug tests for marijuana (3 News NBC Las Vegas)

// Marijuana prosecutions in Texas have dropped by more than half since lawmakers legalized hemp (Texas Tribune)


Check out our other projects:
Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement.
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Photo: Conor Lawless/Flickr

Thursday, December 19, 2019 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Thursday, December 19, 2019 | Curated by host Shea Gunther

// Legal recreational weed sales will begin Jan. 1, as planned in Chicago despite a wild, angry debate in City Council (Chicago Tribune)

// Senate Banking Committee Chairman Mike Crapo Pumps Brakes on Cannabis Banking Bill (Cannabis Wire)

// After one-year freeze, rush is on to buy out Ontario’s first wave of cannabis retail lottery winners (Financial Post)


These headlines are brought to you by Curaleaf, one of the leading vertically-integrated cannabis operators in the U.S. With legal medical marijuana dispensaries, cultivation sites, and processing facilities all over the United States, Curaleaf has served more than 165,000 medical cannabis patients and looks forward to helping many more long into the future. Swing over to Curaleaf.com to learn more about this very cool company!


// One of the Poorest Countries in Africa Wants to Send Its Legal Marijuana All Over the World (Time)

// New Zealand finalizes groundwork to launch medical cannabis industry in April (Marijuana Business Daily)

// Analysis: Germany’s medical cannabis market loses momentum but on pace to surpass 100 million euros (Marijuana Business Daily)

// Which Canadian provinces will have legal vapes and edibles by Christmas? (Leafly)

// Beleave loses CEO VanderMarel; faces lawsuit from Auxly Cannabis (Marijuana Business Daily)

// Akerna to Acquire Canadian Cannabis Software Provider Ample Organics for Up to $45 Million (New Cannabis Ventures)

// Chart: Cannabis industry, MJBizCon continue growth trends (Marijuana Business Daily)


Check out our other projects:
Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement.
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Photo: Peter Miller/Flickr

Monday, December 16, 2019 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Monday, December 16, 2019 | Curated by host Shea Gunther

// Massachusetts retailers can again sell pot vaping products (Sun Sentinel (AP))

// MLB Officially Removes Marijuana From Banned Substances List For Baseball Players (Marijuana Moment)

// Canadians Bought Over $900 Million of Weed in the First Year of Legal Sales (Merry Jane)


These headlines are brought to you by MJToday Media, publishers of this podcast as well as our weekly show Marijuana Today and the most-excellent Green Rush Podcast. And check out our new show Weed Wonks!


// Recreational marijuana sales in Michigan exceed $1.6 million in first 8 days (Detroit Free Press)

// Montana health department to enforce flavored vaping ban (The Hour (AP))

// Legalizing Marijuana Has Majority Support In Kansas, Poll Finds (Marijuana Moment)

// Cresco Labs Shores Up Its Balance Sheet, Sells Property for $50 Million (Green Market Report)

// New Jersey Lawmakers Take First Steps To Put Marijuana Legalization On The 2020 Ballot (Marijuana Moment)

// Brooklyn brothers seek $10M for Vermont hemp shipment arrest, confiscation (VT Digger)

// Cannabis’ largest trade show is pretty ordinary, and that’s what the industry wants (CNN)


Check out our other projects:
Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement.
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Photo: Lindsay Fox/Flickr

Las Vegas Gets Ready To Become The Next Travel Destination For Cannabis-Lovers

When Nevada first legalized recreational cannabis in 2017, it seemed liked Las Vegas was immediately poised to welcome an influx of weed-loving tourists. A museum opened, a number of cannabis-fueled classes began to crop up, and a series of marijuana-themed tours took root. However, public consumption has hit a legal roadblock, with recent Nevada legislation postponing the licensing of consumption lounges for two whole years. Fortunately, that statute doesn’t apply to the Las Vegas Paiute Tribe, which operates a fully legal cannabis consumption venue, the Vegas Tasting Room, inside the NuWu Cannabis Marketplace. Because it’s on sovereign land, the Vegas Tasting Room is the only place in Las Vegas where folks can safely and legally consume the sacred herb—for now.

When recreational cannabis was first legalized in Nevada, a number of marijuana-themed attractions appeared on the horizon. Today, Las Vegas is home to a two-hour Puff, Pass and Paint class, which invites creative types to deftly wield paintbrushes between tokes in a relaxed environment geared toward all skill levels, from budding artists to established painters and everyone between. Because of Nevada’s consumption laws, however, attendees are required to bring their own bud, and the location’s address is only revealed once tickets are bought. The same goes for similar classes that are currently in the works, such as Puff, Pass and Pastry, which hopes to teach students how to cook with cannabis over brunch or dinner; and Puff, Pass, Pottery, which bills itself as the “only 420 friendly clay working class in the state,” promising to teach attendees how to make ashtrays—with glazing and firing included. The forthcoming Puff, Pass & Pamper class, meanwhile, seeks to instruct guests on how to whip up lip balm, bath soaks, and ingredients for a THC facial.

Another pot-inspired activity that Las Vegas event organizers had in mind upon legalization was the good old-fashioned tour. While there appear to be no weed-themed tours operating at the moment, a few have been planned out. The Sin City Cannabis Tour plans to take folks on a two-and-a-half-hour ride inside a party bus, hitting all of the 420 destinations worth seeing in Las Vegas. Those interested in a more behind-the-scenes look at the marijuana industry will have a chance to take the one-of-a-kind Grow Tour, which offers an exclusive expedition inside an indoor grow house. And in what is perhaps the most ambitious tour of them all, the Hop On Hop Off Cannabis Tour wants to take people along the famous Las Vegas Strip and historic Fremont Street, recalling the regular hop on/hop off tours in major cities around the world, only with bongs, blunts, and bud to boot. Unfortunately, because of the aforementioned laws restricting cannabis consumption, these cannabis tours—like most of the classes—appear to be on hold until Nevada state and Las Vegas city officials figure things out, legally speaking.

Along with classes and tours, another pot-themed attraction is gearing up for action in Las Vegas: Cannabition Cannabis Museum, the world’s first immersive museum dedicated to marijuana. But as with most of the cannabis-themed classes and all of the marijuana-related tours, the museum itself is in limbo, too. It’s temporarily closed, with plans to reopen as a “10,000 square-foot journey featuring more than 20 unique, cannabis inspired art installations celebrating the arts, culture, history, and celebration of the medical and recreational cannabis experience,” according to its website. Right now, Cannabition is in the process of moving to a new location at Planet 13, a mega-dispensary with its own hopes of opening a coffee house and restaurant, pending the clarification of local consumption laws, of course.

By all appearances, Las Vegas has big plans to attract tourists who are also cannabis enthusiasts, and the forecast certainly looks exciting. For the time being, however, weed-loving visitors really just have one option when it comes to public places in which to legally consume cannabis. At nearly 16,000 square feet, the NuWu Cannabis Marketplace features hundreds of products and a drive-through window, serving up to 3,000 people daily. NuWu, which translates to “the Southern Paiute people,” is also home to the Vegas Tasting Room, the only place in the city where social consumption is permitted. This year, it’s the place to be during MJBizCon, which takes place December 11–14 in Las Vegas. And until Nevada officially legalizes consumption lounges, NuWu is the only place to be for cannabis-lovers—all thanks to the Las Vegas Paiute Tribe of Native Americans.

The post Las Vegas Gets Ready To Become The Next Travel Destination For Cannabis-Lovers appeared first on High Times.

Tuesday, November 26, 2019 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Tuesday, November 26, 2019 | Curated by host Shea Gunther

// ‘CBD has the potential to harm you,’ FDA warns consumers (Market Watch)

// FDA Warns 15 Companies For Selling CBD Products That Violate FD&C Act (Green Market Report)

// Joe Biden Walks Back Marijuana ‘Gateway Drug’ Comment After Week Of Criticism (Marijuana Moment)


These headlines are brought to you by Green Worx Consults, a company specializing in project management, workflow mapping and design, and Lean & 6 Sigma process. If you could use help making your business better at business, get in touch with Green Worx Consults.


// Planet 13 Generates $16.7 Million Revenue in Nevada Cannabis Market in Q3 (New Cannabis Ventures)

// Organigram Sales Drop Sequentially In Fourth Quarter (Green Market Report)

// Full Legalization Is Estimated to Bring Florida $190 Million Annually (Merry Jane)

// Trinidad And Tobago Government Introduces Marijuana Reform Bills (Marijuana Moment)

// Aurora Cannabis Completes Convertible Debenture Early Conversion with 99% Participation (New Cannabis Ventures)

// Gov. Kim Reynolds visits medical marijuana manufacturing facility in Des Moine (Des Moines Register)

// Pot-Smoking ‘Weedman’ Says Rich Will Crush N.J.’s Black Market (Bloomberg)


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Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement.
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Photo: Vaping360/Flickr