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Week in Review: Medical marijuana deemed ‘essential,’ MJ shops see brisk sales amid coronavirus crisis but deal with related business challenges & more

States and local municipalities are increasingly declaring that medical marijuana businesses are “essential” operations and can keep their doors open during the coronavirus health crisis. MJBizDaily takeaway: Industry watchers note that as government officials in more areas of the country place MMJ dispensaries in the same category as other essential businesses such as pharmacies, this marks […]

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California lockdown: Patchwork of emergency orders makes it less clear where cannabis firms can operate locally

California Gov. Gavin Newsom’s new statewide stay-at-home order has created even more uncertainty for marijuana businesses in the world’s largest cannabis market, forcing executives to navigate a growing jumble of local rules that may or may not permit MJ companies to operate normally. The order, which was issued Thursday night, doesn’t explicitly address whether cannabis companies […]

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MJBizDaily podcast: Alabama may legalize medical cannabis and more

Alabama, one of the most conservative states in the country, is moving closer to legalizing medical marijuana. Some of the other top headlines addressed in this week’s MJBizDaily podcast include: Canopy Growth closes corporate stores USDA secretary call the hemp rules a “draft” New York CBD startup delays Canadian IPO on coronavirus issues And more ??

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High-profile founders leaving US marijuana companies signals new phase for industry

A number of high-profile founders of U.S.-based cannabis companies have stepped down in the past several weeks amid continuing struggles to move their firms toward profitability.  Industry experts suggest this is a sign of maturation among marijuana businesses as investors demand they focus more on profits than raising capital and relying on previously booming stock prices. […]

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Adult-use cannabis retailers take stock of inventory, encourage online orders as sales surge during coronavirus pandemic

Recreational marijuana retailers throughout several markets in the U.S. saw a dramatic spike in sales in recent days, according to new data, an unambiguous sign that the coronavirus pandemic is prompting consumers to stock up on products. The run on cannabis stores may come from the fear that marijuana shops will be closed indefinitely, similar […]

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Marijuana businesses pivot quickly to meet demand for home deliveries amid coronavirus worries

Cannabis companies that provide delivery services – including delivery operators and retailers – are seeing a deluge of orders as customers stock up on marijuana products in the wake of coronavirus pandemic concerns. At the same time, these companies are putting into place unprecedented measures to ensure their delivery drivers and customers stay healthy, ranging […]

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Where in the US is marijuana legal?

With state regulations rapidly changing, Marijuana Business Daily is offering one spot where readers can find up-to-the-minute information for markets that allow legal medical and recreational cannabis. This information also is available in each issue of Marijuana Business Magazine.

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Chart: Marijuana brand concentration highlights need for strategic branding, marketing

As most recreational cannabis markets mature, a small number of brands are gobbling up the majority of sales. Brand concentration – where a few brands command most of a segment’s sales – highlights the importance of effective branding and messaging for marijuana companies. “When analyzing the competitive landscape of the cannabis market we often look […]

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