Recreational Marijuana News


Chart: Local approval in Michigan adult-use marijuana program creates uneven business opportunity

Michigan’s strategy for adult-use cannabis businesses empowers localities to control their communities, but it creates disparate business opportunities within the state’s market. Regulators chose not to restrict the number of recreational marijuana businesses allowed statewide but granted municipalities local approval. Adult-use sales began in Michigan on Dec. 1, 2019, and could reach $1.4 billion to […]

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Chart: Illinois’ new adult-use marijuana market to attract fierce competition

The start of the new year will launch a flurry of activity for Illinois’ recreational cannabis industry, a sizable new market that will unleash stiff competition for business licenses and could eventually reach $2.5 billion in annual sales. On Jan. 1, recreational sales will begin through existing medical marijuana dispensaries in the state. The next […]

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Illinois marijuana retailers in potential $2B market expect long lines, possible supply shortages as adult-use sales kick off Jan. 1

Illinois cannabis retailers are thrilled at the prospect of large crowds of customers and high demand at 6 a.m. CT New Year’s Day, which is when state lawmakers said several stores can begin adult-use recreational sales. Anticipating long lines and cold temperatures, companies are going the extra mile to keep customers happy. One business, for […]

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Chart: Pre-Christmas marijuana product sales increase up to 53%

‘Tis the season for increased holiday spending – and that includes outlays on recreational cannabis products, which saw average category sales increases of more than 50% in 2018 on items designated for both gift-giving and personal consumption. Data from Seattle-based cannabis analytics firm Headset shows that sales in the pre-Christmas week (Dec. 18-Dec. 24) in 2018 […]

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How cannabis vape companies are using technology to ensure consumer confidence and bolster sales

The worst days of the vaping crisis are likely behind the state-legal marijuana industry, but many MJ firms are turning to technology to help further boost cannabis vape consumer confidence as well as deal with the dip in sales that followed the health scare. Examples of tech-based solutions available to cannabis companies include: Providing certificates of analysis (COA), […]

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Statewide delivery policy ‘critical’ to cannabis industry success, California insiders say ahead of key court case

A controversial policy adopted last year by California that allows delivery of marijuana products anywhere in the state – even into areas where local municipalities have banned adult-use cannabis stores – is crucial to the ongoing success of the legal market, according to several delivery company officials. Those same officials told Marijuana Business Daily they fear […]

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California agency suggests state marijuana tax system shift to potentially lower rates, address illicit-market threat

An independent California state agency issued a long-awaited report about the state’s cannabis tax system, and its recommendations include a major overhaul that would simplify and possibly reduce marijuana tax rates. The goals of the report were to assess how California’s marijuana taxes can best undercut the illegal market, discourage cannabis use by youth and […]

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Expanded cannabis content offerings highlight MJBizCon as attendees from around the world descend on Las Vegas

Marijuana Business Daily‘s annual MJBizCon – which caters to attendees from more than 75 countries – has extended its scope for the 2019 event with significantly broader program offerings surrounding hemp, marijuana investing, the science of cannabis and more. The series of events are part of the larger MJBizConWeek, which runs from Dec. 9 to […]

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California marijuana tax hike puts future of legal market in spotlight amid worries over state industry’s viability

Flurries of meetings and negotiations have occurred behind the scenes in Sacramento since California announced a cannabis tax increase last month. The stakes surrounding these discussions – all aimed at lowering the marijuana industry’s tax burden – are nothing less than the survival of the state’s legal marijuana market, according to some industry watchers. Representatives from multiple […]

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