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Washington state bolsters marijuana social equity program

Washington Gov. Jay Inslee signed into law a bill that strengthens a social equity program enacted in 2020 to provide more marijuana retail opportunities to minority businesses in the state. This year’s measure, HB 1443, expands and further defines a social equity program that provides retail license priority, grants and other technical assistance to individuals …

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Oregon, Illinois post record cannabis sales in April

The regulated marijuana markets in Oregon and Illinois reached new heights in April, according to new monthly sales figures from state regulators. April sales in the mature Oregon market exceeded $110.5 million, according to new figures from the Oregon Liquor Control Commission, including: $100.5 million in adult-use sales, up 0.5% over March. $10 million in …

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More states roll out bans on production, sale of delta-8 products

Delta-8 THC has become a runaway market hit – and more states across the country are responding by cracking down on access to the product commonly derived from hemp extracts. More states roll out bans on production, sale of delta-8 products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis …

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Recreational cannabis states see population growth, loss of US House seat

The population in the 17 states where recreational cannabis is legal, as well as Washington DC, continued to grow over the past decade, a good sign for those markets in terms of potential marijuana consumers. But overall U.S. population growth has slowed to Depression-era levels, according to an analysis of the 2020 population data released …

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Pushing Green – Marketing Marijuana to the Six Cannabis Consumer Archetypes in 2021

Euromonitor International released a white paper entitled: Breaking Stereotypes: Getting To Know The Cannabis Consumer, last month. They revealed valuable insights into six of the cannabis consumer archetypes that make up the consumer base this year. “Cannabinoid consumers report drinking less alcohol, smoking less, and taking fewer consumer health products across markets,” explains Nicotine and …

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Tilray, Aphria complete blockbuster marijuana merger

Once-rival cannabis producers Tilray and Aphria completed their mega-merger, the new company announced Monday, forming one of the biggest diversified marijuana, hemp and beer companies in the world. The new company will operate under the Tilray corporate name, with shares trading on the Nasdaq under the ticker symbol TLRY. The merger talks took more than …

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US Supreme Court declines to hear $1.9 million 280E cannabis tax case

The U.S. Supreme Court on Monday refused to hear an appeal from two California-based cannabis companies that were seeking a reprieve from federal tax bills totaling $1.9 million under Section 280E. According to Law360, the high court didn’t weigh in on the case; it simply declined to hear the arguments involved, which leaves both businesses …

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