Marijuana Business News

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Tue
04
Jan

Expansion of Newer Markets Drives U.S. Cannabis Market Forecast Up to $45B in 2025

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 Headset, the leading provider of data and analytics to the cannabis industry, today released its updated long-term forecast for the U.S. cannabis market. The forecast compiles an analysis of all 50 states to measure the total potential market in the coming years. By 2025, Headset expects the total annual U.S. cannabis market to reach $45.8 billion for the first time.

States with significant growth potential, including Florida, New Jersey, New York, Ohio and Virginia, are expected to play a role in expanding the total addressable market. Key takeaways from the U.S. Market Forecast include:

Tue
04
Jan

Lightshade withdraws plan to open medical marijuana dispensary on Bloomfield Avenue

street view

The state rejected its permit for an alternative treatment center.

Lightshade Labs has withdrawn its zoning application to become the second medical marijuana dispensary in Montclair. 

The state’s Cannabis Regulatory Commission notified the Colorado-based company on Dec. 7 that it was denying its application for an alternative treatment center license. The commission first received more than 100 applications for dispensaries in 2019, but reviews for those and other marijuana facility licenses were tied up by a court case until 2021. The commission ultimately awarded 30 dispensary licenses, spread throughout the state. 

Tue
04
Jan

Lamborghini Races Into Cannabis Game with CBD-Infused Coffee

coffee

Get your engine started with a cup of Lambo-branded, CBD-spiked coffee.

Lamborghini’s “Tonino Lamborghini” lifestyle brand has emblazoned the Raging Bull badge on watches, shades, bags, and now, CBD-infused coffee. Autoevolution reports that the Italian marque’s merchandizing arm is joining forces with Canadian cannabis company Flora Growth to bring coffee infused with the non-psychoactive cannabinoid to market.

Tue
04
Jan

Can Vt. cultivators grow enough pot for when legal sales start? The Cannabis Control Board thinks so

cannabis

Vermont’s cannabis retail market is set to go into place in just nine months, and a number of other states are closely watching the Vermont experience — because the state’s Cannabis Control Board has developed some policies unique to the state.

VPR’s Mitch Wertlieb spoke with senior political correspondent Bob Kinzel about what the board is laying out that makes Vermont's marijuana marketplace unique, and how the state’s regulations could be altered by the Legislature in the new legislative session. Their conversation has been edited and condensed for clarity.

Mon
03
Jan

CBD American Shaman Reaches New High With Medical Marijuana Sales

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Nation's Largest Brick and Mortar CBD Retailer Expands Cannabis Business Through THC Production

CBD American Shaman, the nation's largest brick and mortar CBD retailer with over 360 locations nationwide, is excited to expand into the medical marijuana industry through a subsidiary company, American Shaman Products, LLC, who is individually contracted with a Missouri licensed manufacturer. The American Shaman medical marijuana products are now available in all licensed Missouri dispensaries as of January 1, 2022 under the brand name THC American Shaman.

Mon
03
Jan

Turner Venture Group Announces Acquisition Agreement of Hemp / CBD Company

business

 

Turner Valley Oil and Gas, Inc. (the "Company") ("Turner") (OTC PINK:TVOG), now doing business as Turner Venture Group, Inc., is pleased to announce the acquisition of a Texas-based Hemp / CBD consumer packaged goods (CPG) Company ("Hemp Operator") operating with 3 existing retail stores and a national e-commerce sales presence.

Mon
03
Jan

Kulture owner sows seeds for future Chesterfield marijuana dispensary

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After years of running local head shops and CBD stores, Evan Somogyi is planting the proverbial seeds to try to capitalize on the eventual recreational marijuana market in Virginia.

The owner of Kulture Smoke and Vape plans to relocate his Chesterfield outpost this spring to a former gas station at 10150 Hull St., where he’ll eventually aim to open a recreational marijuana dispensary.

The venture hinges on the expected opening of the recreational side of the industry in 2024, as laid out by the General Assembly last year. And while the rules for the nascent industry are still being set, Somogyi is willing to lay the groundwork now.

“We plan to build out the dispensary as if it were selling the adult-use cannabis,” Somogyi said.

Mon
03
Jan

Michigan's marijuana dispensary goes high-tech to provide bespoke customer experience

cbd

Pure Roots proprietary kiosks help customers select potency and make payment

It’s a start of a brand new year, and for marijuana dispensaries, January is special as it marks the national CBD awareness month.

"CBD is actually really good for medical benefits, I’ve been around the industry as a consumer long enough to see what it’s been able to do for people of legal age and older," said Haven Oraha, cannbis product shopper.

Thu
23
Dec

Looking For Top Marijuana Stocks For Next Year? 2 For You List Right Now

stocks

Best Cannabis Stocks To Watch In 2022

Are you looking for the best marijuana stocks to buy going into 2022? In December the top cannabis stocks to invest in have declined to their lowest trading levels in 2021 this month. This year delays with Congress passing any federal cannabis reform have severely impacted how pot stocks performed in the market. This year of declines could be a good opportunity for new investors looking to invest in the growing cannabis industry.

Thu
23
Dec

Corporate Cannabis Takeover? Assessing 5 Big Industries Already At The Table

 

As more big business movers and shakers appear to be ratcheting up their incursions into the cannabis industry, industry advocates are stepping up their defense. 

In March, the U.S. saw the creation of a federal lobbying group – the Coalition for Cannabis Policy, Education and Regulation – with the goal of advancing a federal regulatory framework for cannabis, and including members from both the tobacco and alcohol industry. (Read article at Benzinga)

Kassandra Frederique, executive director of the Drug Policy Alliance issued a follow-up statement that same month: 

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