Marijuana Business Daily

Nevada marijuana sales shrank 3.8% to $965.1M from mid-2021 to mid-2022

Published

2 years ago

March 7, 2023

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Nevada marijuana consumers spent $965.1 million on adult-use and medical cannabis between July 1, 2021, and June 30, 2022, a 3.8% decline from the previous-year period.

That’s according to a Nevada Cannabis Compliance Board (CCB) report, which includes marijuana sales figures for the regulator’s 2022 fiscal year.

The report was prepared for state legislators in January, a CCB spokesperson told MJBizDaily.

The sales figures were previously released in September 2022.

“This decline is consistent with sales trends in other states with mature cannabis markets and can be attributed at least in part to after-effects of the COVID-19 pandemic,” the CCB’s January 2023 report noted.

“This is the first time that cannabis sales in Nevada have declined since we legalized cannabis for adult use,” CCB Executive Director Tyler Klimas told Reno-based radio station KUNR.

The average retail price of cannabis bud was $7.18 per gram during the

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Marijuana Business Daily

Missouri cannabis regulators recall 23,000 marijuana products

Published

1 day ago

September 17, 2024

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Missouri cannabis regulators recalled more than 23,000 marijuana products from several brands on Tuesday, saying they were not properly tested by Fulton, Missouri-based lab ClearWater Science.

The Missouri Division of Cannabis Regulation (DCR) said it recalled the products because they were not “compliantly” tested, so the agency could not verify whether they meet state health and safety requirements.

The DCR said it hasn’t received any reports of adverse effects; people who believe they might be having an adverse reaction should seek medical attention.

Patients and consumers should stop using the recalled products and either dispose of them or return them to the dispensary where they were purchased.

About a month ago, the DCR issued a series of recalls for more than 132,000

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Marijuana Business Daily

Nebraska medical cannabis qualifies for ballot amid controversy

Published

5 days ago

September 13, 2024

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Initiatives to legalize medical marijuana in Nebraska and set up a regulated MMJ market qualified for the November ballot on Friday, just hours after complications threatening the effort appeared.

Nebraska Secretary of State Bob Evnen certified the efforts of Nebraskans for Medical Marijuana on Friday, the same day prosecutors announced charges against Michael Egbert, a Grand Island man involved in the petition, for allegedly falsifying signatures.

Nebraska is one of a dwindling handful of states without any regulated marijuana program.

On Thursday, former state Sen. John Kuehn, a co-founder of the anti-legalization organization Smart Approaches to Marijuana, filed a lawsuit to stop Even from certifying two separate measures:

Ballot measure 437, Nebraska Medical Cannabis Patient Protection, to legalize medical marijuana. Ballot

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Marijuana Business Daily

Michigan sets record with $295.4 million in monthly marijuana sales

Published

5 days ago

September 13, 2024

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Michigan marijuana retailers sold $295,412,252 worth of medical and recreational cannabis in August, setting a new monthly record.

The previous record was set in March, when total sales hit $288,843,279, according to MJBizDaily’s analysis of the latest data released by the Michigan Cannabis Regulatory Agency (CRA).

Sales in August were up 2.7% over July, when retailers reported $287,743,072 in total sales.

Medical marijuana sales accounted for less than 1% of total regulated cannabis sales in August, according to MJBizDaily analysis.

August marked the third-consecutive month of increasing sales in the state.

Michigan retailers in August also broke a monthly record for selling 100,894 pounds of flower, Cannabis Business Times reported.

Meanwhile, the average price per ounce of flower was $80.14, a near-record

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