Connect with us

Marijuana Business Daily

Kentucky is latest state to impose delta-8 restrictions

Published

on


Delta-8 THC products sold in Kentucky after Aug. 1, 2023, will be subject to product testing, labeling and age-restriction requirements under a bipartisan bill passed by both chambers of the state Legislature.

Democratic Gov. Andy Beshear is expected to sign the bill into law, Kentucky Health News reported.

ADVERTISEMENT

A national leader in hemp production, Kentucky is the latest state to move to regulate products containing hemp-derived intoxicating cannabinoids, including delta-8 THC, an isomer of the more prevalent delta-9 THC.

Just last month, lawmakers in Virginia approved tough restrictions on delta-8 products that hemp advocates say would wreck the existing industry.

Both cannabinoids exist naturally in the cannabis plant, but delta-8 THC has soared in popularity across the United States since the passage of the 2018 Farm Bill, which legalized hemp production and products nationwide.

ADVERTISEMENT

Last fall, after a Kentucky court

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

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

Published

on

By


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.

ADVERTISEMENT

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

Continue Reading

Marijuana Business Daily

AI is making cannabis cultivation smarter

Published

on

By


(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.

ADVERTISEMENT

“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

Continue Reading

Marijuana Business Daily

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

Published

on

By


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.

ADVERTISEMENT

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

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media