Marijuana Business News

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stocks
business
Fri
22
Jan

Utah’s first cannabis home deliveries roll up to patient homes

man delivering boxes
Utah’s first medical cannabis couriers have started hand-delivering orders to the homes of patients, a promising development for people who face daunting drives to the nearest marijuana pharmacy.
The service is starting small at first. WholesomeCo, the company that is trailblazing cannabis home delivery in Utah, has hired 10 couriers that can cover Salt Lake, Utah, Tooele, Weber, Cache, Summit and Wasatch counties.
But Chris Jeffery, WholesomeCo’s chief executive officer, says his goal is to go statewide within six months so that patients who are medically fragile or who live long distances from the nearest pharmacy have a better option for getting their cannabis treatment.
Fri
22
Jan

1-gram Cannabis Flower Sales Fell in 2020 amid Pandemic, but Don't Write off the Small Packet

close up of cannabis bud against black background

Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19 pandemic but made larger purchases when visiting a dispensary.

The shift away from 1-gram packages offers implications for both retailers and producers trying to keep up with shifting consumer preferences sparked by the pandemic. Despite the shift, the single-gram flower format – the smallest, cheapest size of marijuana bud available on the market – remains relatively popular in terms of unit sales. That suggests consumers haven’t given up on the package size altogether.

Fri
22
Jan

Oakland's Social Equity Programs Continue to Leave Every Other City in the Dust

sun setting over a city scape

The City of Oakland, California, continues to pave the way towards social and economic equity in the cannabis business. The city has launched a new million-dollar workforce development grant program. The program is designed to recruit, train, and employ citizens who have disproportionately and unjustly suffered from the War on Drugs. This includes people who have lived in overpoliced neighborhoods in Oakland for at least two years and have endured a cannabis conviction in Oakland. 

Fri
22
Jan

This Is Why Cannabis Will Lead America's Economic Recovery

american flag behind a stock arrow pointing up

Walking through the streets of downtown Seattle, I struggle to get used to the fact that the drab gray, one-bedroom loft located above the Occidental Square coffee shop I frequent rents for $4,000 per month. I struggle to come to grips with the knowledge that my fiance and I could easily sell our home in West Seattle today, move to any state in the south or the midwest and buy a 7-bedroom, 4,000-square foot mansion, on a lake, for the same price. 

How is that possible?

Thu
21
Jan

Marijuana Retailers File Suit To Void Delivery Rules

Making good on a warning issued months ago, the organization that represents most of the state's marijuana retailers is suing the Cannabis Control Commission to invalidate the new regulations that create a separate category of businesses allowed to deliver non-medical marijuana directly to consumers.

Thu
21
Jan

What will a Biden-Harris administration mean for cannabis reform?

With President-elect Joe Biden planning to sign as many as 15 executive orders during his first day in office, cannabis reform will have to wait, but the question is for how long?

Both Biden and Vice President-elect Kamala Harris have voiced support for the legal cannabis industry and with the Democrats now in control of both chambers of Congress, the reform movement should grow stronger in the coming weeks and months. 

 

Thu
21
Jan

Colorado Cannabis Sales Top $2 Billion in 2020

Cannabis sales in Colorado eclipsed a record $2 billion in 2020, state records show.

According to the Department of Revenue’s Marijuana Enforcement Division (MED), adult-use cannabis shops throughout the Centennial State raked in nearly $1.6 billion year-to-date through November.

Meanwhile, medical marijuana dispensaries sold more than $405 million worth of products during the 11-month period.

By comparison, Colorado dispensaries sold a total of $1.7 million worth of cannabis in 2019.

December figures have not been released, however, between January and November, sales of cannabis were up 25% compared to the same 11-month period in 2019.

Thu
21
Jan

Illinois Collects $62 Million in Cannabis Revenue to Support Neighborhoods

Illinois has reportedly collected a total of $62 million in cannabis tax funds to support impoverished neighborhoods in the state. However, some are getting frustrated because the money has not yet been spent to give back to the community. 

Thu
21
Jan
Thu
21
Jan

Indiana Farmers Warned Of Dodgy Hemp Seed Vendors

Indiana farmers have enough to worry about with the learning curve associated with growing hemp – and they’ll also need to be wary of dishonest hemp seed vendors too.

But there is an easy way to avoid being conned.

2021 will be the first year hemp is grown in the state as a commercial crop rather than just for research purposes. There’s lots of interest – and where there is interest and money involved, there will also be unscrupulous parties trying to fleece others.

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