Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Thu
15
Nov

Legal cannabis shortages will continue for years due to Canada's strict regulations, industry experts warn

Marijuana industry experts in Canada have predicted that nationwide shortages plaguing dispensaries following legalization last month will continue for years to come—and strict regulations are to blame.

Lack of product has caused some legal pot shops to temporarily close down within the first month of national legalization, with the provinces of Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Quebec and Saskatchewan all reporting shortage problems. Khurram Malik, CEO of the Ontario-based cannabis company Biome Grow Inc, told Canada’s Global News that overly stringent regulations are one of the driving factors behind a lack of supply.

Thu
15
Nov

Here's where marijuana stocks may be headed next year

Canada's marijuana-stocks bubble will pop or at least deflate next year, as soaring valuations hit financial realities, Chris Walsh, founding editor of Marijuana Business Daily, predicted in a pot conference here.

Speaking at MJBizCon at the Las Vegas Convention Center, Walsh told attendees that the "bumps aren't over" in Canada's recreational market, which came to life on Oct. 17. But since then, shortages have persisted, as producers try to widen their capacity to make more weed.

How that market plays out, he said, could offer a taste of what's to come in the U.S., as more states legalize and hopes increase for friendlier tax and banking laws to the cannabis industry stateside.

Thu
15
Nov

Nevada breaks another marijuana sales record

Nevada has broken another record for marijuana sales. The Nevada Department of Taxation reported on Wednesday that in August, the state collected $8.1 million in taxes alone from cannabis sales. That’s $3.2 million more than the same time last year.

August 2018 was the largest month of combined marijuana tax revenue to date in Nevada, the agency said. Marijuana tax collection alone for 2019 is expected to be nearly $70 million.

Thu
15
Nov

Canopy Growth CEO: 'For sure there's a marijuana bubble'

Canopy Growth Corporation saw its shares fall 13% on Wednesday after reporting disappointing earnings that included a revenue decline. Analysts had expected better results from Canopy after Canada launched legal recreational marijuana sales on Oct. 17.

Wed
14
Nov

Can artisanal weed compete with ‘Big Marijuana’?

You’ve heard of Big Pharma and Big Tobacco. How about Big Marijuana?

The drug’s growing legalization is raising concerns among small-scale marijuana farmers and retailers that the corporatization of weed may be right around the corner.

Wed
14
Nov

Where will marijuana be legal next? Asian countries race toward cannabis legalization

Several Asian nations have taken note of cannabis legalization movements in North America and other countries, with several moving to chart a similar path.

Last Friday, Thailand’s National Legislative Assembly sent a proposed amendment to the country’s Health Ministry, which would reclassify marijuana as medicinally legal and regulate its possession and distribution, British online newspaper The Independent reported. The proposed law change will be reviewed by the ministry before being sent to the cabinet for potential revisions. After these steps, the legislature will vote on the amendment, with some analysts suggesting medicinal cannabis could be legalized by the end of the year.

Wed
14
Nov

The long route from approval to reality on cannabis ballot questions

Nearly two years after recreational marijuana was legalized in the state, experts are concerned that the rollout will be caught up in delays and red tape as medical marijuana, another voter-approved measure, was four years earlier.

When Massachusetts voters approved Question 4 in 2016, they established a Jan. 1, 2018 launch date for sales. That was pushed back by legislators to July 1.

By mid-October, the Cannabis Control Commission, which was created by the law, had issued only six final licenses — two for retail, two for independent testing labs, a fifth for cultivation, and one for product manufacturing. And there are still several steps to take before the businesses will be approved to open.

Wed
14
Nov

Some Michigan communities say no to legal marijuana businesses

Some Michigan communities are already saying no to marijuana businesses after voters approved the use of the drug for people 21 and older .

The South Bend Tribune reports the Niles City Council in southwestern Michigan voted Monday to temporarily opt out of allowing retail marijuana sales in the city. Council members have said they’re waiting for the state to sort out rules and regulations for the sale of marijuana.

The Herald-Palladium reports the southwestern Michigan community of St. Joseph also is among those expected to opt out.

Wed
14
Nov

Technology has changed the way we get high, forever

If you want to imagine the future of marijuana in the 2020s, picture a 3-D printer. 

Maybe it's in a kiosk at your local legal recreational dispensary; maybe, if you're a particular fan of greenery, it's in your home. Either way, it's pre-loaded with concentrated liquid forms of all  cannabinoids, the different kinds of molecules that make up marijuana. 

The machine has CBD for healing, CBN for sleepiness, THC for the giddy, giggly high; plus a ton of essential oils called terpenes, which generally provide every other subtle effect you've ever noticed with weed.

Wed
14
Nov

Michigan colleges will continue to ban marijuana on campuses

Marijuana will continue to be banned at several colleges and universities in Michigan, despite the passage of Proposal 1 that legalized recreational cannabis in the state.

The initiative succeeded at the polls in last week’s midterm election with more than 55 percent of the vote.

 

No Sparking Up For Spartans

Administrators at Michigan State University sent a letter to the campus community on Monday informing students and staff that the results of the election would not change the university’s policy on cannabis.

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