Marijuana Business Daily

Missouri launch of recreational cannabis sales could be turning point for other red states

Published

2 years ago

February 3, 2023

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Missouri is set to become the latest red state to launch recreational cannabis sales, with developments no doubt drawing the attention of marijuana operators and voters in neighboring Oklahoma, which will hold a special election next month on whether to legalize adult use.

Recreational marijuana sales could start as early as Friday in Missouri, with medical dispensaries awaiting the green light from state regulators to expand into adult-use retail.

The newly minted Midwestern market is expected to generate more than half-a-billion dollars in sales in its first year.

Its rollout comes a year after Montana began adult-use marijuana sales.

Missouri, like Montana and Oklahoma, has a Republican trifecta where the GOP controls the governorship and both chambers of the legislature.

Missouri adult-use operators expect to draw customers from across the heartland and into the South.

That’s because Missouri holds the rare distinction of bordering eight states,

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Marijuana Business Daily

Why 2025 could be a banner year for cannabis investors

Published

2 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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Marijuana Business Daily

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

Published

5 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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Marijuana Business Daily

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

Published

6 days ago

January 24, 2025

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(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.

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

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

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