Connect with us

News

Marijuana Retail Report

Published

on

Marijuana Retail Report



“We are working to create a market that is controlled, regulated and responsible”

Five years after Virginia legalized simple possession of adult marijuana, lawmakers are deadlocked on how to finally create a legal retail market after the General Assembly last week rejected more than 40 changes proposed by Gov. Abigail Spanberger and sent the legislation back to her desk.

The move leaves Spanberger with a binary choice: Sign the long-discussed proposal to launch retail sales, or veto it and prolong a years-long stalemate that has left Virginia in a legal gray area where cannabis is legal to possess but not legally to buy.

The deputy governorwhich disappointed many lawmakers and stakeholders, would delay the latest start of retail sales until July 1, 2027, while restructuring much of the legislative framework were negotiating during the session.

“Five years ago, the commonwealth took the first steps to legalize marijuana — and for five years, the job remained unfinished,” Spanberger said in a statement.

To read the rest of this article on WTOP, Click here

News

Marijuana Retail Report

Published

on

By

Marijuana Retail Report




In an antitrust lawsuit, Ohio Attorney General Dave Yost accuses nine cannabis operators in various states of engaging in anti-competitive behavior designed to reduce product choices and artificially keep prices high, harming both consumers and smaller Ohio cannabis businesses.

The lawsuit stems from an October 2024 tip submitted to Yost’s office by an Ohio cannabis industry official alleging widespread “shelf distribution” by major cannabis companies operating in Ohio and across the country.

According to information later confirmed by the investigation, cannabis operators in various states entered into reciprocal purchasing agreements — coordinated at the national level — to favor each other’s products at Ohio dispensaries while reducing or eliminating purchases from Ohio’s independent growers and processors.

To read the rest of this article on Cleveland.com, Click here






Continue Reading

News

Marijuana Retail Report

Published

on

By

Marijuana Retail Report



Virginia’s retail cannabis market will open on July 1, 2027

The Virginia Cannabis Control Authority (CCA) has released a survey asking for public feedback on future regulations for the Virginia cannabis market.

The surveypublished by the CCA on July 6, allows the public and stakeholders to share their views on operational considerations, regulatory impacts, consumer interests and other factors relevant to the future retail market.

There are several implications marijuana-related bills that became law this yearincluding a passed budget bill that allows for the opening of a retail marijuana market in Virginia on July 1, 2027.

The bills also increased the CCA’s responsibilities and powers, allowing it to develop regulations for marijuana and hemp products, under Release on July 1.

To read the rest of this article on ABC8, Click here






Continue Reading

cannabinoids

Marijuana Retail Report

Published

on

By

Marijuana Retail Report



As new markets mature, concentrates may grow

Every new cannabis market follows a familiar pattern. Consumers start with products they already know. Flower dominates, while vape cartridges and gum are steadily gaining market share. Retailers focus on building inventory, attracting first-time buyers and converting consumers from the illicit market.

Only later do operators begin to ask another question: where does the next wave of growth come from?

Concentrates lag in new markets

According to new report from cannabis education company Higher Function and market survey platform Lit Alerts, one answer may already be in dispensary storefronts.

Cannabis concentrates remain one of the smallest product categories in the industry in many emerging markets, but they may also represent one of the largest untapped business opportunities. The report shows that concentrates make up only 3.3% of legal cannabis sales in New York and 3.7% in New Jersey. In more established markets, including Washington, Colorado, Oregon and Arizona, this category exceeds 10% of sales. As new markets mature, annual concentrate sales can grow from tens of millions of dollars to hundreds of millions.

To read the rest of this article on Forbes, Click here






Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media