Wholesale cannabis prices stabilized or rebounded in some key markets through the summer, but cultivators should brace for renewed downward pressure as the fall harvest boosts inventories through the end of the year, experts say.
A widespread recall targeting tens of thousands of infused cannabis products in Missouri has led to millions of dollars in lost sales and inventory for retailers and manufacturers, according to industry sources and court documents obtained by MJBizDaily.
Monthly marijuana sales in Missouri shrank slightly to $119 million in August, but sales in Montana reached a high of nearly $28.7 million.
Cannabis testing experts say Missouri labs aren’t able to test the safety of products allegedly containing hemp-derived distillate, such as the recently recalled goods made by Delta Extraction.
Retail border business is a big economic driver for dispensary operators nationwide, particularly when new markets open up, and conversely, when sales start to decline in more established ones.
Maryland regulators released the guidelines for social equity applicant eligibility and information for an online verification portal in preparation for the upcoming adult-use cannabis business licensing application window.
A Missouri circuit judge dismissed a court action by a marijuana extraction company seeking to halt a state recall on thousands of products containing its THC concentrate.
