Marijuana Business News

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Wed
10
Aug

Legalization of recreational marijuana will be on the Missouri ballot in November

recreational

Missouri voters will have the ability to legalize recreational marijuana use through a constitutional amendment, now that the petition has gained enough signatures to go on the ballot.

 

 

Secretary of State Jay Ashcroft ruled on two petitions Tuesday. One, dealing with ranked choice voting, did not gain enough signatures, but the petition on recreational marijuana did.

The marijuana petition received the number of needed signatures in six of Missouri’s eight congressional districts, according to the Secretary of State’s Office.

The petition will appear as Amendment 3 on the ballot, and if a majority of Missouri voters approve it, recreational marijuana will be legal in the state.

Wed
10
Aug

Cannabis Security: 3 Legal Considerations When Working at Dispensaries

weed farm

Imagine seeing robbers sawing through the ceiling, descending with ropes, and heisting everything from a vault room in a style reminiscent of the 2001 Ocean’s Eleven movie. While the movie was about a casino heist, similar heists of cannabis outlets have taken place.

Wed
10
Aug

Colorado’s cannabis industry is enduring its first sustained downturn since Recreational Weed Sales Began

colorado cannabis

Colorado’s marijuana businesses adjust to inflation, market saturation and competition from other states. Municipalities face declining revenues as shine fades from legal weed.

Colorado’s legal marijuana industry is weathering its first sustained downturn since dispensaries began selling recreational weed in 2014.

Dispensaries are closing. New ventures, like delivery services and social clubs, are struggling. Tax revenues are plummeting. And across the industry, layoffs are sending marijuana workers packing. Colorado’s green boom is beginning to bust as more states legalize the sale and use of marijuana and inflation pinches spending. 

Wed
10
Aug

Nebraska hemp farmers say outdated Regulations Leave them Disadvantaged

farmer

Nebraska has yet to update its hemp law to match the final federal rules and regulations.

Nebraska's hemp industry says it's going in the wrong direction. The state commission says two years ago there were 84 people holding hemp licenses – less than half remain in 2022.

Growers say outdated state regulations are getting in the way. In a field near Plattsmouth, Annette and Bruce Wiles had one of the first 10 licenses to grow hemp.

Now they’re selling their land. "Because our state just hasn't gotten behind it. You know Bruce and I are looking for what our options are," Annette Wiles said.

Wed
10
Aug

Arizonans Should Smoke More Marijuana, Here’s Why

joint

A new study has revealed Hawaii is the most relaxed state in the United States and Connecticut is the most stressed. Arizona, like Connecticut, also appears to be full of stressed residents. The Grand Canyon State was ranked 34th after receiving a high “Stress Score” of 87.

Wed
10
Aug

After new law, Twin Cities businesses launch hemp-derived THC beverages

thc drink

Businesses are jumping into the THC beverage game with enthusiasm.

MINNEAPOLIS — Minneapolis Cider Company co-founder Jason Dayton never expected the state of Minnesota to legalize THC derived from hemp.

However, after DFL state lawmakers quietly pushed through a THC regulation measure before the end of the legislative session in May, Dayton's team decided to launch two versions of "Trail Magic," a THC-infused beverage with three milligrams of hemp-derived Delta-9 THC. It went live in late July.

Wed
10
Aug

Marijuana Vs. Alcohol: How The Two Industries Are Handling Inflation, And What That Means For Consumers

marijuana vs alcohol

Both industries have their own set of inflation problems, and their own ways of coping. What does this mean for the consumer?

If there are two things Americans can’t escape right now, it’s rising prices and the discussion of rising prices. There is no denying that inflation is dangerously high, with the most recent inflation rate at about 9.1% according to Bloomberg. Still, not all areas of the economy are being affected in the same way. Take marijuana and alcohol, for example.

Tue
09
Aug

Marijuana Dispensary more stable after acquiring Class A micro-business License

dispensary

A marijuana dispensary in Ypsilanti has become the first Class A microbusiness in Washtenaw County, and just the second in the state of Michigan.

 

 

A dispensary with a microbusiness license is currently allowed to grow 150 plants and can only sell their own products.

According to Planet Jane co-owner Mo Kasham, a Class A license makes his business more stable by allowing them to grow up to 300 plants and sell infused products from other growers. “They doubled the amount of plants you can have. And you can also go out to outside processors and buy items like pre-rolls, concentrates, edibles and things like that, which is a major advantage.”

Tue
09
Aug

Zephyr teams with experienced cannabis operator, seeks tax breaks for South Buffalo project

Cannabis Tax

Plans for a new $200 million marijuana growing and production facility in South Buffalo are back on track.

The project, years in the making, is finally advancing toward the start of construction in as soon as a few weeks, with the first phase possibly opening for business by next summer. The reason: New York's legalized pot market is gaining clarity, with regulations being finalized, and the first sales are expected in a few months.

That's a big change.

Tue
09
Aug

Ontario Cannabis Store unable to make deliveries after Partner faces Cyberattack

cyber attack

TORONTO — The Ontario Cannabis Store says a cyberattack faced by one of its logistics partners has left the provincial pot distributor unable to process or deliver orders to marijuana shops and customers.

The OCS said Monday evening there is no indication that its systems were targeted or its customers’ information compromised during the Aug. 5 attack on the parent company of its third-party distribution centre, Domain Logistics. “However, out of an abundance of caution to protect OCS and its customers, the decision was made to shut down Domain Logistics’ operations until a full forensic investigation could be completed,” the OCS said in a statement.

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