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Cannabis Bonds Can Solve New York’s Billion-Dollar Social Equity Problem
Diversity and access to capital are the most significant policy challenges facing New York’s adult-use cannabis market. The Marijuana Regulation and Tax Act (MRTA), along with Governor Kathy Hochul’s (D) newly announced Seeding Opportunity Initiative, takes steps...
A dozen retail cannabis licenses could be up for grabs in Arizona
While most adult-use cannabis licenses in Arizona will go to the roughly 120 existing medical marijuana operators in the state, about a dozen will be available in underserved rural counties. That’s according to state regulators, who also said they are confident in...
Haves, have-nots of Missouri cannabis industry in conflict as dispensaries open
The Department of Health and Senior Services, as of Friday, had cleared 17 dispensaries to open their doors, as well as 11 cultivators and one manufacturer of cannabis-infused products. Not all of the approved businesses — including the lone manufacturer — have...
New Mexico’s medical marijuana sales rise as prospects for recreational legalization improve
New Mexico’s medical marijuana sales have nearly doubled in the past two years despite strict plant-count limits, and the state might be better positioned to legalize recreational cannabis after neighboring Arizona did so last month. Marijuana Business Daily projects...
Canopy Growth shuttering facilities across Canada, abandons outdoor marijuana cultivation
Cannabis producer Canopy Growth is shuttering more facilities across Canada amid a fresh round of layoffs in an effort to streamline operations and improve margins, the struggling company announced Wednesday. The cuts come amid a broad supply-demand imbalance in the...
Maine shatters medical cannabis sales record
Medical marijuana users in Maine have spent more on cannabis products in 2020 than any year on record, according to Maine's state sales tax data. Between the start of January and the end of November, sales for medicinal cannabis reached $221.8 million, more than...
How Legal Cannabis Affects Property Values
In the recent election, New Jersey, Arizona, Montana, South Dakota, and Mississippi all passed cannabis legalization, leaving only a handful of states who have not passed some form of cannabis. When it comes to legalizing marijuana, particularly for adult-use, people...
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