Cannabis delivery service Eaze Technologies Inc. and dispensary operator Green Dragon plan to reopen 70 locations across four states after announcing last month that they had planned to wind down their operations. California-based Eaze, which acquired Green Dragon in 2021, announced on Nov. 12 that it received $10 million in Series B funding to support reopening 57 retail … [Read more...] about Eaze, Green Dragon to Reopen 70 Locations With $10 Million in Series B Funding
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Survey Reveals Which Occupations Have Highest Rates Of Cannabis Use
The study from the Centers for Disease Control and Prevention (CDC) analyzed data from the CDC’s Behavioral Risk Factor Surveillance System (BRFSS) collected between 2016 and 2020. The researchers included responses only from those who worked for wages, were self-employed or who had been unemployed for less than one year. The study, which was published online last month by the … [Read more...] about Survey Reveals Which Occupations Have Highest Rates Of Cannabis Use
How does a marijuana dispensary shut down?
SIOUX FALLS, S.D. (KELO) — The marijuana industry in South Dakota appears to be slowing, with medical cannabis patient card numbers declining in recent months, and the third push for recreational adult-use marijuana in South Dakota failing in the recent election.With the market contracting, that raises a question; how do you close a cannabis business? With most businesses, one … [Read more...] about How does a marijuana dispensary shut down?
Office of Cannabis Management expects $800 million in revenue by end of year
ALBANY, N.Y. — The New York State Office of Cannabis Management said in a meeting on Tuesday, November 12, that it expects $800 million in revenue from legal dispensaries by the end of the year. The potential end-of-year revenue total is much larger than the total from 2023, which featured the OCM combatting lawsuits and illicit shops, limiting revenue totals. By comparison, … [Read more...] about Office of Cannabis Management expects $800 million in revenue by end of year
New York cannabis office approves a 6-month extension for CAURD provisional licenses
The New York state Office of Cannabis Management approved a six-month extension for provisional licenses for retailers with former marijuana convictions who want to open a recreational store, the office announced Tuesday. (AP Photo) The New York state Office of Cannabis Management approved a six-month extension for provisional licenses for retailers with former marijuana … [Read more...] about New York cannabis office approves a 6-month extension for CAURD provisional licenses
Cannabis operators say consumption lounge process too slow
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Big Alcohol’s Cannabis Beverage Push: Progress or Problem For Industry Leaders?
Cannabis beverages are the latest “trend” in cannabis consumption methods. But are cannabis beverages simply a trend? Research says “no.” In 2023, the global cannabis beverages market size was valued at USD $1.16 billion. From 2024, the market is projected to grow at a CAGR of 19.2 percent to reach $3.8 billion by 2030.So what’s driving the increase in the consumption of … [Read more...] about Big Alcohol’s Cannabis Beverage Push: Progress or Problem For Industry Leaders?
‘Blatant patient abandonment’ Botanist Buffalo set to close on Saturday
BUFFALO, NY (WKBW) — The Botanist Medical Marijuana Shop will close on Saturdays; employees tell 7 News the sudden closure is disrespectful to their patients and marks a grim future for the medicinal cannabis industry. "We need to fight for this; it's people's lives we are talking about," said Carlotta Marrs, a dispensary associate at the Seneca Street shop for over 8 … [Read more...] about ‘Blatant patient abandonment’ Botanist Buffalo set to close on Saturday
DEA Reschedules Rescheduling, and I’m Feeling a Little Like Charlie Brown Trying to Kick the Football
No, it’s not (just) a cruel play on words. Last week, the Drug Enforcement Administration announced that a much-anticipated public hearing on the proposal to reschedule marijuana was being pushed from early December until the first quarter of 2025. I’m not sure I specifically predicted this, but it’s just about the most predictable thing ever. And it has a number of people … [Read more...] about DEA Reschedules Rescheduling, and I’m Feeling a Little Like Charlie Brown Trying to Kick the Football
New GOP Senate Leader John Thune Opposes Marijuana Legalization: Implications For Banking Access And More
Sen. Thune joined fellow GOP lawmakers in a letter challenging the Biden administration's proposal to reclassify marijuana to Schedule III. Thune's opposition to reform indicates future challenges for cannabis, despite Trump's comments indicating support for federal legalization. Senate Republicans elected Sen. John Thune of South Dakota as the new majority leader Wednesday, … [Read more...] about New GOP Senate Leader John Thune Opposes Marijuana Legalization: Implications For Banking Access And More
