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Oregon marijuana firms enjoy booming market fueled by pandemic, consumers shunning illicit suppliers

Oregon marijuana firms enjoy booming market fueled by pandemic, consumers shunning illicit suppliers

by InfluencER | Feb 18, 2021 | Sales and Operations

Oregon recreational marijuana companies are experiencing the best market conditions in years, with demand far outpacing supply because of the COVID-19 pandemic and more consumers forgoing the illicit market in favor of legal retailers. But the question remains whether...
Canadian marijuana producer Tilray reports $271 million loss for year

Canadian marijuana producer Tilray reports $271 million loss for year

by InfluencER | Feb 18, 2021 | Sales and Operations

Cannabis producer Tilray cut its annual loss to $271 million for 2020, an improvement from the Nanaimo, British Columbia company’s $321 million loss in 2019, according to the full-year and fourth-quarter results released Wednesday. Tilray, which is on the verge of...
Recreational pot sales have more than doubled since Maine’s market launch

Recreational pot sales have more than doubled since Maine’s market launch

by InfluencER | Feb 18, 2021 | Sales and Operations

Recreational marijuana sales have more than doubled since the market opened in October, with the Maine Office of Marijuana Policy reporting almost $2.5 million in sales in January. Maine’s 15 licensed adult-use retailers reported 33,521 sales worth $2.47 million in...
Updates to the NY Empire State of Cannabis: Cannabinoid Hemp Licenses Go Live and Amendments to Governor’s Adult-Use Legislation

Updates to the NY Empire State of Cannabis: Cannabinoid Hemp Licenses Go Live and Amendments to Governor’s Adult-Use Legislation

by InfluencER | Feb 18, 2021 | Politics and Law

New York is making changes to its proposed legislation and regulations at a fast and furious pace. Earlier this month, the New York Department of Health opened the application process for cannabinoid hemp retailers and cannabinoid hemp processors, building on the...
Maryland Lawmakers Hold First Committee Hearing On Marijuana Legalization

Maryland Lawmakers Hold First Committee Hearing On Marijuana Legalization

by InfluencER | Feb 17, 2021 | Politics and Law

The issue of legalizing marijuana in Maryland had its first committee hearing on Tuesday, with lawmakers considering a bill to regulate adult-use cannabis and earmark large portions of industry tax revenue for programs aimed at communities disproportionately harmed by...
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