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Chart: Retail marijuana sales surpass Fortnite video game, closing in on Taco Bell, NFL

With revenue of $8.6 billion-$10 billion, 2018 sales of legal recreational and medical cannabis in the United States topped spending on e-cigarettes, the Fortnite video game and Goldfish crackers combined. The data – published in the 2019 edition of the Marijuana Business Factbook – highlights how quickly the legal U.S. marijuana industry has grown. It now […]

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New Jersey cannabis firms make pivot to medical as adult-use prospects fade – for now

Prospective businesses laid the groundwork in anticipation that lawmakers would legalize the recreational use of marijuana in New Jersey. They scouted locations, talked with municipal officials and worked with consultants. Some even secured real estate. But with a recreational market now still a ways off as legislators abandoned ship on their efforts to legalize it, […]

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Cannabis capital ‘rotating’ away from Canada to United States, analyst says

Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent industry. “Many investors we have spoken to have begun to rotate capital from Canada to the U.S. on the fear that Canadian players will be unable to capture growth […]

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Medical marijuana extracts ruling could open a business gateway in Arizona, experts say

The Arizona Supreme Court handed the state’s medical cannabis industry a significant legal win this week by ruling that extracts – including concentrates, edibles and other infused products – are legal. So, do licensed medical marijuana businesses expect an immediate shift in day-to-day business operations now they can legally sell the products? “We’ve been selling extracts […]

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Harvard, Canadian cannabis firm Atlas ink ‘groundbreaking’ research partnership

Harvard University is spearheading what participants are calling one of the largest international efforts for research on medical cannabis – and the school has chosen Alberta, Canada-based Atlas Biotechnologies as a founding partner of the initiative. Atlas will initially be the sole supplier of marijuana and its derivatives for the research. The new International Phytomedicines […]

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Chart: Arkansas medical marijuana sales top $353,000 via just two dispensaries, outpacing initial OH sales

Sales of medical marijuana in Arkansas are off to a strong start, with patients purchasing more than 50 pounds of cannabis in nearly 5,000 transactions in the first week dispensaries were open. The initial sales eclipsed those in Ohio, which has nearly four times the population. With sales underway, the Arkansas market could grow at a […]

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