Cannabis Daily News
Cannabis Daily News · page 23
- Adult-Use
How important are out-of-state sales to Illinois’ cannabis industry?
HEAD FOR THE (IL) BORDER The Illinois market is heating up, thanks to out-of-state shoppers Illinois cannabis sales were up 14.6% in April from the same time last year, per Cannabis Business Times.
- CBD Market
US strategy to get Brittney Griner out of Russia
WRONGFUL, INDEED US government classifies Brittney Griner as ‘wrongfully detained’ The American government’s approach to aiding WNBA star Brittney Griner, who is detained in Russia, will likely change now that it has reclassified her as “wrongfully detained,” per ESPN.
- Cultivation
New York farmers planting their initial (legal) cannabis crop
PLANTING THE SEED New York cultivators get planting Fifty-two cultivators in New York state have been licensed to grow cannabis and “are literally planting the seeds for a new frontier,” per Spectrum Local News.
- Cannabis Daily News
The slow pace of legalization is crushing stocks
RECOVERY POSSIBLE? Can cannabis stocks recover despite the slow pace of federal reform?
- CBD Market
How legalization might threaten the CBD industry
PLEASE, CBDON’T Is legalization a threat to US CBD retailers?
- Cultivation
Are New Yorkers fleeing to New Jersey for legal cannabis?
(NOT SO) BRIDGE + TUNNEL New Yorkers aren’t flocking to Jersey stores New Jersey sold nearly USD $1.9 million in cannabis products on its first day of adult-use sales, writes NBC.
- Cannabis Daily News
You thought the rise of pre-rolls was a fad? You were way wrong
PRE-ROLLS FTW Canadian pre-rolls sales almost doubled last year Pre-rolled joints are Canada’s second-favourite cannabis category after dried flower, according to Headset data and analysis by MJBizDaily.
- Cannabis Daily News
The White House making its own cannabis news
PRESIDENTIAL CLEMENCY Biden grants clemency to people with cannabis convictions At long last, President Biden’s administration has granted clemency to 78 individuals, dozens of whom have cannabis-related convictions, per the White House.
- Medical
The dangerous implications of inaction on cannabis banking
THE IMPACT OF INACTION Washington state calls for federal cannabis reform following robberies, deaths A series of sometimes-violent attacks on cannabis businesses in legal states has many demanding federal cannabis reform which would allow non-cash transactions, per Arkansas Online.
- CBD Market
HEXO looking to shrink its footprint
FOOTPRINT Hexo closing Belleville facility Approximately 230 employees will be impacted by Quebec-based Hexo’s latest announcement that it is closing its Belleville, Ontario cannabis facility this summer, per Toronto Star.
- CBD Market
Like NJ, eastern states getting on the legalization train
BIG EAST Will eastern states in the US follow NJ’s lead? Karen O’Keefe, the state policies director of the Marijuana Policy Project, and other experts predict several states could soon pass their own medical or adult-use legislation, following in the footsteps of New Jersey, reports The Dales Report.
- Cultivation
Can government policy help shrink the legacy cannabis market?
GOOD SHRINKAGE How Canada’s plans for a new industry working group could shrink the illicit market The federal government shared its plans to create a “cannabis strategy table” in its 2022 budget, which would create a new line of communication between the industry and regulators, reports the Globe and Mail.
