Connect with us

Marijuana Business Daily

Congress to decide on DC medical marijuana industry expansion

Published

on


In an early and limited test of Congress’ attitudes toward marijuana under new House Speaker Kevin McCarthy, sweeping changes to Washington DC’s medical cannabis regulations are heading to Capitol Hill for federal lawmakers’ final approval this month.

Voters in the nation’s capital legalized adult use and possession of marijuana in 2014, but there’s no recreational industry per se.

ADVERTISEMENT

These changes would create what some observers have described as a de facto adult-use industry in the District of Columbia in an end-around intended to thwart Congress, which has blocked past efforts to create a viable retail market in DC.

Legal cannabis is currently available from one of the city’s seven medical marijuana dispensaries, which face competition from a large and unregulated gray market where marijuana is readily available as a “free gift” with the purchase of a poster, T-shirt or other item.

Under “emergency” legislation approved

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Why 2025 could be a banner year for cannabis investors

Published

on

By


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.

ADVERTISEMENT

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

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

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

Published

on

By


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.

ADVERTISEMENT

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

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Trudeau’s departure is a turning point for Canada’s cannabis industry

Published

on

By


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

Deepak Anand (Courtesy photo)

As Canada’s cannabis industry stands at a pivotal crossroads, the impending departure of Prime Minister Justin Trudeau marks the end of an era that reshaped Canada’s relationship with the plant.

Trudeau’s bold decision to legalize recreational cannabis in 2018 not only transformed the nation’s social and economic landscape but also established it as a global pioneer in marijuana reform: Canada remains the only G7 nation to have federally legalized the plant both for medical and adult-use purposes.

ADVERTISEMENT

The impact of cannabis legalization on Trudeau’s legacy is undeniable.

Recent polls indicate that 62% of Canadians support cannabis legalization, a testament to

Read full article on Marijuana Business Daily



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media