Recreational Marijuana News

Week in Review: IL adult-use marijuana stores face shortages, Michigan early recreational MJ sales near $6.5M, Harvest pivots on deals & more

After the Jan. 1 launch, some Illinois adult-use cannabis retailers have?cut off customers temporarily?to conserve inventory,?recreational marijuana sales in Michigan hit almost $6.5 million in first month,?Harvest Health & Recreation looks to terminate an acquisition –?and more of the week’s top MJ business news. Huge rec sales in Illinois lead to some shop closures The […]

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Some Illinois adult-use marijuana shops close due to product shortages, high demand that totaled $11M in sales in first week

Illinois cannabis shops have had approximately a week to sell recreational marijuana since the state began allowing it Jan. 1, and demand has proven so extreme that – despite enjoying about $11 million in early sales – some retailers have?cut off adult-use customers temporarily in order to conserve inventory. “The demand in Illinois is every […]

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Chart: Local approval in Michigan adult-use marijuana program creates uneven business opportunity

Michigan’s strategy for adult-use cannabis businesses empowers localities to control their communities, but it creates disparate business opportunities within the state’s market. Regulators chose not to restrict the number of recreational marijuana businesses allowed statewide but granted municipalities local approval. Adult-use sales began in Michigan on Dec. 1, 2019, and could reach $1.4 billion to […]

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Chart: Illinois’ new adult-use marijuana market to attract fierce competition

The start of the new year will launch a flurry of activity for Illinois’ recreational cannabis industry, a sizable new market that will unleash stiff competition for business licenses and could eventually reach $2.5 billion in annual sales. On Jan. 1, recreational sales will begin through existing medical marijuana dispensaries in the state. The next […]

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Illinois marijuana retailers in potential $2B market expect long lines, possible supply shortages as adult-use sales kick off Jan. 1

Illinois cannabis retailers are thrilled at the prospect of large crowds of customers and high demand at 6 a.m. CT New Year’s Day, which is when state lawmakers said several stores can begin adult-use recreational sales. Anticipating long lines and cold temperatures, companies are going the extra mile to keep customers happy. One business, for […]

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Chart: Pre-Christmas marijuana product sales increase up to 53%

‘Tis the season for increased holiday spending – and that includes outlays on recreational cannabis products, which saw average category sales increases of more than 50% in 2018 on items designated for both gift-giving and personal consumption. Data from Seattle-based cannabis analytics firm Headset shows that sales in the?pre-Christmas week (Dec. 18-Dec. 24) in 2018 […]

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How cannabis vape companies are using technology to ensure consumer confidence and bolster sales

The worst days of the vaping crisis?are likely behind the state-legal marijuana industry, but many MJ firms are turning to technology?to help further boost cannabis vape consumer confidence as well as deal with the dip in sales that followed the health scare. Examples of?tech-based solutions available to cannabis companies include: Providing certificates of analysis (COA), […]

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Statewide delivery policy ‘critical’ to cannabis industry success, California insiders say ahead of key court case

A controversial policy adopted last year by California that allows delivery of marijuana products anywhere in the state – even into areas where local municipalities have banned adult-use cannabis stores – is crucial to the ongoing success of the legal market, according to several delivery company officials. Those same officials told Marijuana Business Daily?they fear […]

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California agency suggests state marijuana tax system shift to potentially lower rates, address illicit-market threat

An independent California state agency issued a long-awaited report about the state’s cannabis tax system, and its recommendations include a major overhaul that would simplify and possibly reduce marijuana tax rates. The goals of the report were to assess how California’s marijuana taxes can best undercut the illegal market, discourage cannabis use by youth and […]

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