The first New York recreational marijuana retailer licenses could be approved in about two weeks, a top regulator said on Thursday, previewing plans for an upcoming Cannabis Control Board (CCB) meeting. While nothing has been formally scheduled and announced yet, CCB is expected to meet on November 21 and potentially approve the first set of […]
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A new legislative report delivered to Maryland lawmakers this week projects that the nationwide market for legal cannabis could climb to $72 billion per year by 2030, more than double the current market estimation of $32 billion annually. But the report also shows that some states that have legalized cannabis have failed to set clear […]
A marijuana legalization ballot initiative in Arkansas is trailing significantly behind, according to a new poll released just days ahead of Election Day. The survey from the University of Arkansas found that 41 percent of adults in the state support the cannabis reform measure, while 59 percent are opposed. Early polling gave the Responsible Growth […]
Canopy Growth’s planned entry into the U.S. marijuana market has hit another hurdle – this time over the cannabis producer’s ties to its largest investor. Fitch Ratings downgraded its credit assessment of the Ontario, Canada-based Canopy to CCC-, one of its lowest ratings. CCC carries “substantial credit risk” such that default is a real possibility. […]
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The mayor of St. Louis said she opposes Missouri’s Amendment 3, which would legalize adult-use marijuana, signaling a deeper divide on the issue among Black officials and organizers in the state. “If we choose the path of a constitutional amendment to resolve the matter of legalization, it would have to be forward-thinking, flexible and most […]
Sales of adult-use cannabis in Canada are slowing more quickly than expected, according to a new report, and at least one analyst says structural changes are needed for the nation’s industry to recover growth momentum. A report, written by Toronto-based analyst Frederico Gomes of ATB Capital Markets, notes that Canadian marijuana retail sales grew an […]
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