Marijuana Business Daily

Alabama temporarily reduces most marijuana license fees

Published

2 months ago

December 13, 2024

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Members of the Alabama Medical Cannabis Commission (AMCC) voted to reduce most marijuana business license fees by 25% during a Thursday meeting.

With annual license fees ranging from $30,000 to $40,000, the regulatory agency will lose revenue totaling $147,500, AMCC spokesperson Brittany Peters told 1819 News.

“It’s just a one-time reduction,” Peters said.

“They’ll return to the fee schedule that was adopted by the commission in 2022 after that.”

Several Alabama medical marijuana cultivators that won licenses in December 2023 asked for the fee reduction, arguing that operations are stalled by ongoing legal arguments about the licensing process.

Oral arguments are set for Jan. 13 in one medical marijuana-related lawsuit.

“It costs a lot

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Marijuana Business Daily

Ohio recreational marijuana market already showing signs of price contraction

Published

22 hours ago

January 30, 2025

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Products in Ohio’s recreational marijuana market are showing signs of price contraction only five months after sales began.

Adult-use sales for the market topped $242.2 million in 2024, meeting industry expectations for the potential of a market that launched on Aug. 6.

And while sales are growing, an analysis of weekly adult-use data from Ohio’s Division of Cannabis Control (DCC) shows the price per item/pound in almost all the categories slid with more than half the products experiencing double-digit declines.

Plant material, which accounts for 52% of recreational sales in Ohio, almost doubled since the market opened.

Ohio consumers bought 2,158 pounds of plant material in the first week of January 2025, up from 1,284 pounds in the week ending Aug. 10.

But declining

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Why 2025 could be a banner year for cannabis investors

Published

3 days ago

January 28, 2025

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Tiby Erdely (Courtesy photo)

(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Cannabis capital markets have faced significant challenges over the past few years.

As investors who have been actively involved in the industry since 2019, we have had the privilege of experiencing every market cycle – from euphoric highs to sobering lows.

Despite these fluctuations, today’s market environment presents an unparalleled opportunity for discerning investors, thanks to unique deal structures, compelling valuations and the ability to identify and back exceptional management teams.

Challenges and opportunities

The marijuana industry’s struggles with access to capital have fundamentally reshaped the competitive landscape.

Over the past two years, funding sources have dried up, leaving many companies to adapt

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Massachusetts’ adult-use marijuana sales topped $1.6 billion in 2024

Published

6 days ago

January 24, 2025

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Marijuana retailers in Massachusetts recorded $1.65 billion in sales of adult-use products between Jan. 1, 2024, and Jan. 5, 2025.

That’s according to data from the state’s Cannabis Control Commission, which noted that recreational cannabis sales in December 2024 reached $140.2 million, the third-highest monthly total since Massachusetts legalized an adult-use market in November 2018.

Other top sales months were August 2024 ($147.6 million) and July 2024 ($142.8 million).

During the week ended Jan. 5, 2025, flower represented 40.5% of sales, vapes 19% and pre-rolls 12.6%, followed by edibles and concentrates.

In April, Massachusetts cannabis regulators announced that adult-use sales had surpassed $6 billion since the market launched.

According to the latest figures, recreational cannabis sales in Massachusetts now top $7.2 billion.

Despite

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