Connect with us

Marijuana Business Daily

Virginia’s adult-use cannabis market stalled indefinitely

Published

on


Virginia’s recreational marijuana industry is on indefinite hold.

Less than two years after the state became the first in the South to legalize adult-use marijuana for adults 21 and older, the projected start date for legal sales of Jan. 1, 2024, has been effectively scrapped.

ADVERTISEMENT

It’s unclear when – or if – recreational MJ sales will begin.

The issue: The legalization bill that the then-Democratic-controlled General Assembly sent to former Gov. Ralph Northam two years ago was a half-measure. Northam signed the bill into law in April 2021,

The new law allowed Virginians to possess cannabis and cultivate up to four plants. It also called for recreational sales to begin no later than Jan. 1, 2024.

But the law also required the General Assembly to later reenact a number of provisions of the 2021 legislation, including those that detail a regulatory and market structure such as

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

Marijuana Business Daily

President Trump will decide marijuana rescheduling, federal reform

Published

on

By


Did Donald Trump mean it when he said he wanted marijuana reform – and will the former and current president follow through?

With the marijuana rescheduling process paused indefinitely – its future is at the mercy of Trump’s future choice to lead the U.S. Drug Enforcement Administration – and Republicans in Congress mostly bent to the once and current president’s will, nothing less than the future of the $32 billion marijuana industry depends on the answer.

ADVERTISEMENT

Trump made history in September when he became the first major-party presidential nominee to endorse a state adult-use legalization campaign.

Though Trump’s backing of Florida’s Amendment 3 – some critics say his endorsement was mostly spurred by his acrimonious relationship with Florida Gov. Ron DeSantis – didn’t

Read full article on Marijuana Business Daily



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media