Marijuana Business News

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Wed
22
Dec

National Cannabis Industry Association Exceeds Expectations, Creates New Experiences at 7th Annual Cannabis Business Summit & Expo

NCIA logo

The most influential show in the industry welcomed a national audience to the Moscone Center in San Francisco and introduced the exciting new BLOOM: A Brands Experience

The National Cannabis Industry Association ("NCIA"), the largest and oldest national trade association advancing the interests of the legal cannabis industry, is pleased to reflect on the impact and experience of its successful 7th Annual Cannabis Business Summit & Expo. Taking place December 15 - 17, 2021, at the Moscone Center in San Francisco, California, #CannaBizSummit gathered together an exclusive lineup of more than 125 speakers, over 80 educational sessions, and hundreds of exhibitors for a national audience at the industry's most influential event and B2B trade show.

Wed
22
Dec

OnlyFans' founder has unexpectedly stepped down as CEO. His replacement is an ex-cannabis marketer.

Amripali Gan

OnlyFans' 38-year-old founder and CEO Tim Stokely unexpectedly announced Tuesday he's stepping down from the top job with immediate effect. The company's chief marketing and communications officer, Amrapali Gan, has taken over Stokely's role. Stokely said in an Instagram post that Gan has a "deep passion" for OnlyFans. Stokely founded OnlyFans with his brother Thomas and father Guy in 2016, and the site has become a popular platform for creators to post content and make money directly from their fans. It is particularly well-known for hosting adult content.

"I'm passing the baton on to a colleague and a friend, who has the vision and drive to help the organisation reach tremendous potential," Stokely wrote in his post. He gave no indication of what he might be doing next.

Tue
21
Dec

Michigan dispensaries offer free prerolls and weed discounts in exchange for donating toys for the holidays

toys

A couple of Michigan cannabis dispensaries are in the spirit of giving back with clothing and toy drives this holiday season. They’re also offering discounts, giveaways, and free prerolls to anyone who makes a donation. So get your Christmas trees (we're talking cannabis, not pine, duh) while donating to families in need this holiday season.

If you want a free preroll, donate to the Toys for Tots drive at Pharmhouse Wellness in Grand Rapids until Dec. 23. Toys must be unopened and valued between $10 and $15. The company told the Metro Times they’ve gotten about 50 toys donated so far and have still have plenty of prerolls to give out, so get in while the getting's good.

Tue
21
Dec

Kaizen Extracts Cold Cure Rosins

Kaizen

Kaizen Extracts offers Cold Cure Rosins and high-quality vaping and smoking solutions; just read this review to learn more.

The method you select while curing your rosin can have a vast effect on the flavor and consistency of your final product.

While warm curing is usually done at temperatures ranging from anywhere between 90 and 135 degrees Fahrenheit, cold curing is usually done in a sealed jar between the temperature of 40 to 70 degrees Fahrenheit. The jar is left sealed for anywhere between 24 and 72 hours.

Tue
21
Dec

State Regulators Grant License to Second Hoboken Medical Marijuana Dispensary

brown powder

 

New Jersey State regulators have approved the license application for a second company to open a medical marijuana dispensary in Hoboken. The state license, approved earlier this month, is the last step in the process allowing Terrapin to open in the city. 

“We are thrilled to be moving forward with plans to bring critical cannabis medicine to patients in New Jersey,” said Chris Woods, owner and CEO of the Colorado based Terrapin.

Tue
21
Dec

Sacramento Police Investigate Burglaries Targeting Cannabis Distributors

burglar

Sacramento police are investigating a series of burglaries targeting local cannabis distributors.

The thieves are breaking into warehouses in the early morning hours and taking off with up to $100,000 worth of marijuana.

A bent and busted iron fence was just some of the damage left behind by a crew of cannabis crooks.

“They cut gates, they drove vehicles through walls, they pulled out all the stops to get in,” said Brandy Moulton, CEO of Sovereign.

Sacramento police say there’s been more than 50 marijuana business break-ins since August, including at least six in just the last week.

“We unfortunately have seen an enormous increase in cannabis related burglaries,” said Sacramento Police Sgt. Matt Young.

Tue
21
Dec

Missouri medical marijuana sales top $200 million

money

Medical marijuana sales in Missouri have reached a milestone, now topping the $200 million mark.

The Missouri Department of Health and Senior Services said Monday that 14 months after sales began, 158,169 patients are active in the state’s medical marijuana program, along with 3,283 caregivers.

Missouri voters in 2018 approved medical marijuana, and Missouri officials implemented the program in about 23 months. Twenty-one states have implemented medical marijuana laws since 2005.

In Missouri, residents with cancer, epilepsy, glaucoma and 20 other qualifying conditions are eligible.
Tue
21
Dec

Medical marijuana nonprofit evolves as new CEO steps in

medical marijuana sign

A nonprofit that supports Ohio’s medical marijuana industry is undergoing changes after its CEO stepped down at the beginning of December to make way new leadership.

Ally Reaves, a longtime member of the medicinal cannabis industry and the founder of another regional nonprofit, took the reins of the Pickerington-based Cannabis Can from Bridget Williams, who left the position on Dec. 1.

Reaves is the founder and president of the nonprofit Midwest CannaWomen, which seeks to elevate women in the medical marijuana industry.

Tue
21
Dec

Marijuana Industry Expects to See Spike in Sales This Holiday Season

marijuana christmas

 

The holiday season is here, and while most industries will see a slight decline in profits, marijuana sales are expected to go up. Reports from Leaflink show that cannabis sales rose by more than 30% in the week leading up to Christmas last year, in comparison to the previous four weeks of 2020. Additionally, sales on Christmas Eve last year rose by 61%, in comparison to the previous four Thursdays.

Leaflink, a unified marijuana platform, also reports that on the days leading up to Green Wednesday November, they saw an increase of more than 10% in sales. If sales from Green Wednesday are any indication, the cannabis market will see a significant jump in sales this year.

Tue
21
Dec

10 years later, industry says Washington’s legal marijuana needs an update

cannabis word

Next year will mark the 10th anniversary of the passage of I-502, the ballot initiative that Washington voters approved 56–44% in November 2012, becoming – along with Colorado – the first states in the nation to take the plunge into marijuana legalization.

I-502 created a regulated market that generates hundreds of millions in tax dollars for the state through the sale of small amounts of marijuana and other cannabis products to those 21 and over.

A lot has changed in the last nine years, but some key aspects of the policy remain the same, and the industry says it is time for updates.

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