Illinois officials say the state is almost ready to begin awarding social equity cannabis licenses after Gov. J.B. Pritzker suspended the process in late April due to the pandemic-prompted shutdown.
On Monday, Marijuana Business Daily reported that Canada, with first-mover advantage, has been exploring new territories to export its cannabis oil. Last year, the company reported to 17 counties—the highest number of counties that it has exported to until now. Overall, Canada exported 5,372.3 liters of cannabis oil products last year—a rise of 483.9% from 920 liters exported in 2018. Meanwhile, Health Canada allowed 12,887.9 liters of cannabis oil to be exported.
More Louisiana residents will have access to medical marijuana under a significant expansion of the state's therapeutic cannabis program that was signed into law by Gov. John Bel Edwards.
Consumers are making the best argument that legal marijuana can help reignite the economy by purchasing cannabis products in record numbers across the country.
Every day, people across the United States demonstrate how legal cannabis could save the nation’s economy from the virus-caused downtown. They do so by buying record amounts of weed.
In early 2020, legal marijuana sales were booming in Nevada. Tax revenue and sales figures reached record monthly highs, as likely did happy visitors and locals across the Silver State.
That all changed in March, when the coronavirus shut down cannabis stores, resorts along the Las Vegas Strip, and countless other businesses across the state. Following an order from Gov. Steve Sisolak, dispensaries operated for weeks on a delivery-only basis.
Lawmakers are moving ahead with the second bill proposed in recent weeks that would decriminalize certain levels of marijuana possession in New Jersey, amid mounting protests both in the state and nationwide against racial inequality.
Their introduction comes months ahead of a ballot question set for November’s 2020 presidential election, where voters will decide whether recreational marijuana should be legalized for adult-use.
Backed by shifting customer preferences during the COVID-19 pandemic, cannabis edibles are eating into the market share of other weed format.s
Now, the industry is left wondering if growing edible interest is a passing trend or a sustainable market shift.
Recent Edible Market Trends: Liz Connors, director of analytics for data intelligence company Headset said that consumers want a consistent, reliable product overall.
"Brands that deliver a consistent experience will do well," she said.
Many people think of setting up a prosperous business at some point in their lives. Ideally, it should be relatively easy to manage, free of extra costs, and, of course, profitable. However, a lot of potential business owners get easily discouraged by the fact that there are usually many legal issues to sort out and not everyone feels comfortable with that. However, it seems that marijuana dispensary business is a good idea to make some profit relatively effortlessly.
