BUSINESS

New York is predicted to be the largest new market for adult-use cannabis, according to data provider BDSA.“With nearly 15 million residents over the age of 21 and tens of millions more tourists visiting the state annually, New York is one…
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By Jelena MartinovicOver 65% of Marylanders chose to legalize recreational cannabis in the November midterms. Starting in July, adults over 21 will be allowed to legally possess up to an ounce-and-a-half of marijuana and 10 grams of…
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Michigan-based Cloud Cannabis began adult-use cannabis sales on Friday at its Detroit location, becoming one of the first dispensaries to do so in the city.“Today marks the beginning of an exciting new period for both Cloud and the city of …
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The South may be the last frontier for state cannabis legalization, but the region could be a boon for the industry once the floodgates open.A report from cannabis consulting firm Global Go posits that Alabama, Georgia, Mississippi and…
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By Jelena MartinovicOver the past year, Massachusetts recreational sales totaled $1.42 billion, according to a report from the state’s Cannabis Control Commission. July sales were the highest, amounting to $132.4 million, followed by $130.8…
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Without much meaningful development concerning legalization efforts in 2022, many sobering themes likely will carry over into 2023.Layoffs will persist, and continued price compression and competition from the illicit channels will drive…
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We always joke that time moves quickly in the cannabis industry. One year in cannabis is equal to five years in any other industry. It also feels like the cannabis industry, unlike more mature industries, has its fair share of scandals.So …
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By Vuk ZdinjakNew research from consumer insights platform Veylinx suggests that abstinence events like “Dry January” are more than just a social media fad. More than three-quarters of Americans say they’ve temporarily given up alcohol for…
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By John SchroyerThe past 12 months have been many things for the cannabis industry, but uneventful is not one. Since December 2021, the U.S. cannabis industry experienced a wealth of both highs and lows, and heading into next year, it is…
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Weed glut has become pervasive in many legal states, causing the price of weed to plummet drastically. The problem is pronounced in New York where about 300,000 pounds of weed were produced this year, anticipating the rolling out of the…
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