Marijuana Business Daily

Addressing 3 issues builds bridges between law enforcement, regulators and marijuana business owners

Published

1 year ago

April 11, 2023

admin

(This story originally appeared in the April 2023 issue of MJBizMagazine.)

A state’s cannabis regulations can run hundreds of pages and contain even more rules.

But the regulators who create these rules and law enforcement officials who enforce them care the most about three things:

Preventing diversion to the illicit market. The physical security of cannabis operations. A potential drain on law enforcement and community resources.

To stay compliant and maintain good relations with regulators and law enforcement, cannabis businesses should focus their security efforts around these three goals.

“In terms of diversion, they want to make sure that you have established standard operating procedures and processes that will prevent anything from happening internally,” said Anthony Vanderhorst, the security director at Florida-based multistate operator Jushi Holdings.

“From the physical security standpoint, the focus is really to stop external things from happening. When you put those two

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

Michigan is selling more cannabis, but retailers are taking in less money

Published

2 days ago

May 17, 2024

admin

Michigan marijuana retailers sold about 9.3% more cannabis in April than in March, but they brought in about 3.5% less money.

In April, Michigan retailers sold 573,206 total pounds of cannabis – 569,620 pounds to adult-use customers and 3,586 pounds to medical marijuana patients – for a total of $278,546,444.

Of that April total, $276,685,183 was spent by recreational shoppers and $1,861,261 by MMJ patients, according to monthly statistics from Michigan’s Cannabis Regulatory Agency (CRA).

In March, Michigan retailers sold 524,285 total pounds of marijuana – 520,469 pounds on the recreational side and 3,816 on the MMJ side – for $288,843,279.

Of that March total, $286,790,258 was spent by adult-use customers and $2,053,021 by MMJ patients, according to CRA data.

The agency reported

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

AI is making cannabis cultivation smarter

Published

3 days ago

May 16, 2024

admin

(This story is part of the cover package in the May-June issue of MJBizMagazine.)

Machine learning is becoming increasingly common in indoor cannabis grows, as cultivators use sophisticated sensors and cameras to maintain optimal growing conditions, sound the alarm about threats such as pests or disease and reduce labor costs associated with both menial and high-level cultivation tasks.

“Cannabis has always been the enabler of some of these bleeding-edge technologies,” Nick Genty, CEO of North Carolina-based AgEye Technologies, said in an interview with MJBizMagazine.

“They’ve had the margins, and they’ve had the budgets to support investing in new technology versus some of the vegetable guys who don’t.”

There are two main reasons why cannabis and other indoor agriculture companies are implementing artificial intelligence or machine-learning

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

Scapegoat or solution? Ouster of top New York marijuana official raises questions

Published

5 days ago

May 14, 2024

admin

The exit of Chris Alexander, the top state official overseeing New York’s rollout of adult-use marijuana sales, is seen by many as assigning blame for what has been decried as the country’s worst cannabis market launch to date.

More than three years after New York legalized adult use, only 122 stores were open for business statewide, and the market’s $123 million in 2023 sales was only about one-quarter of projections.

But whether Alexander’s departure as executive director of the state Office of Cannabis Management (OCM) will mean a turnaround – or whether his replacement, to be assigned by Gov. Kathy Hochul upon completion of Alexander’s term in September, will be any better – is far from clear, industry observers told MJBizDaily on Monday.

Read full article on Marijuana Business Daily

Source link