Michigan’s marijuana shops sold just $265.5 million for the month of December, the latest in a multimonth decline for the longstanding Midwest cannabis market. The figure includes $264.6 million in recreational sales and another $815,759 in medical sales, according to statistics from the state Cannabis Regulatory Agency. The numbers are …
4 New York Dispensary Licensees Sue State Regulators Over Buffer Rule
The retail operators are challenging the state’s Office of Cannabis Management for granting waivers they say violate the buffer between dispensaries. …
Tilray sees second-quarter revenue growth despite cannabis slowdown
Tilray Brands Inc. (NASDAQ: TLRY) topped Wall Street’s revenue expectations Friday as the company continues beefing its beer business amid sluggish marijuana sales. The company’s fiscal second-quarter revenue rose 9% to $211 million for the quarter ended Nov. 30, eclipsing analysts’ average estimate of $207.8 million, according to financial data …
Green Thumb Industries Partners With Chicago Music Venue to Bring THC Products to Concerts
The partnership with The Salt Shed will allow concertgoers to access GTI’s on-site retail experience from RISE Dispensaries on show days. …
Analysis: Employees No More Likely To Consume Cannabis During Work Hours Following Legalization
Those who consumed cannabis products while away from their jobs possessed no greater risk of occupational injury than those who did not consume cannabis at all. The post Analysis: Employees No More Likely To Consume […]
Federal Court Rules Virginia’s Total THC Hemp Regulations Supersede 2018 Farm Bill
The Fourth Circuit Court of Appeals concluded that federal law does not preempt the state’s regulations, including a milligram cap on hemp products. …
Clinical Trial: Cannabis Smoking Doesn’t Interfere With Emotional Regulation
Contrary to researchers’ hypothesis, subjects performed no differently following the inhalation of high-potency cannabis than they did while sober. The post Clinical Trial: Cannabis Smoking Doesn’t Interfere With Emotional Regulation appeared first on NORML.
Study: No Changes in Driving Performance Following Use of CBD
Researchers concluded, “Vaporized CBD seems to be a safe substance for visual function and vision-dependent tasks such as driving.” The post Study: No Changes in Driving Performance Following Use of CBD appeared first on NORML.
Stiiizy reports customer data breach at Northern California Stores
Cannabis retailer Stiiizy said Wednesday that customer data was compromised at four Northern California locations after cybercriminals breached one of its point-of-sale vendors. The breach occurred between Oct. 10 and Nov. 10, 2024, exposing sensitive customer information including names, addresses, dates of birth and driver’s license numbers, according to the …
Rhode Island releases draft rules for expanding adult-use market
Rhode Island marijuana regulators on Wednesday released a new draft of rules for how they intend to go about expanding the recreational cannabis market, but they also made clear that the regulations have a ways to go before they’re finalized. At issue is exactly how the state Cannabis Control Commission …
Cannabis dispensaries navigate operations as wildfires spread across Los Angeles
As multiple wildfires rage across Southern California, cannabis dispensaries in the greater Los Angeles area are attempting to maintain operations while preparing for potential evacuations amid deteriorating conditions, sources told Green Market Report early Wednesday. Four major fires – the Palisades, Eaton, Hurst and Woodley fires – have burned more …
CBD Tampon Maker Pulls Products Off U.S. Market Following FDA Warning Letter
On the heels of a Food and Drug Administration (FDA) warning letter to the manufacturer of CBD-coated tampons marketed to relieve period pain, the company says it has pulled the products off the U.S. market. FDA had written to the company, Anne’s Daye, maker of Daye tampons, in mid-December, asserting that the “adulterated” tampons are
Verona Collective to Double Its Existing Cannabis Dispensaries with New Locations in Sherrill and Chittenango
The Oneida Indian Nation’s seed-to-sale cannabis enterprise will open a new dispensary in Sherrill on January 16 and another in Chittenango on January 23 with plans to open two additional locations by the end of the year. …
Interlocutory Appeal Could Impact Cannabis Rescheduling Hearing
New evidence prompted rescheduling advocates’ second effort to oust the DEA from the hearing; if relief is denied, they will seek the appeal. …
Ohio adult-use cannabis sales near quarter-billion in first five months of program
Ohio’s recreational marijuana market surpassed $242 million in sales through late December, rounding out a relatively strong debut for the Midwestern state’s adult-use program. Total recreational marijuana sales hit $242.2 million since the August launch, with consumers purchasing 32,487 pounds of cannabis flower and more than 4 million manufactured products, …
Minnesota’s Top Cannabis Regulator Resigns; Adult-Use Sales Launch Date Still Unknown
Charlene Briner, the Office of Cannabis Management’s interim director, is stepping down as adult-use regulations remain unfinalized. …
Innovative Industrial Properties feels pain of tenants not paying rent
While Innovative Industrial Properties (NYSE: IIPR) had been managing to stay ahead of nonpaying tenants, the cannabis real estate investment trust (REIT) is now suffering along side the rest of the cannabis industry. The reason? One of its largest portfolio holdings has joined the nonpaying cohort. And now shareholders are …
DEA Approves Marion McNabb as Expert Witness for Cannabis Rescheduling Hearing
The doctor in public health will testify as a proponent for reclassifying cannabis to a Schedule III drug under the Controlled Substances Act. …