Q1 cannabis sales in California fall to $1.25M, lowest level since pandemic

First-quarter cannabis sales in California slid to $1,249,584,223, the lowest quarterly total since the onset of the COVID-19 pandemic, according to the latest statistics from the state’s Department of Tax and Fee Administration. Sales were down 5.9% from the same quarter a year ago and the lowest since the second quarter of 2020, when sales […]

Texas medical marijuana expansion fails in state Senate

An effort to expand Texas’ medical marijuana program beyond low-THC CBD oil failed in the state Legislature. And a move to reduce criminal penalties for marijuana possession also was unsuccessful, Austin TV station KXAN reported. ADVERTISEMENT House lawmakers approved both bills, but the measures then stalled in Senate committees. House Bill 1805 would have increased […]

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Organigram makes THCV investment in US cannabis genetics company Phylos

Canadian producer Organigram Holdings is investing as much as $8 million in Portland, Oregon-based cannabis genetics and seeds company Phylos Bioscience. Under the deal, Organigram will shift to producing cannabis from seed and create new products containing the minor cannabinoid THCV. ADVERTISEMENT Organigram also will become “the first Canadian licensed producer to release high potency […]

Maryland Officials Release Draft Marijuana Rules To Prepare For Legalization This Summer

Maryland officials have released draft regulations for the state’s adult-use marijuana market that’s set to come online in July in accordance with a legalization ballot referendum that voters approved last year. Weeks after Gov. Wes Moore (D) signed cannabis sales legislation into law, the Marijuana Cannabis Administration (MCA) submitted a first batch of rules for […]

Minnesota aims to issue adult-use marijuana retail licenses in 1 year

Minnesota regulators will start issuing adult-use marijuana retail licenses one year from now if they’re able to stick to their planned timeline. ADVERTISEMENT A request for vendors posted by the state noted that license applications are scheduled to begin in May 2024 and sales would start in January 2025, MPR News reported. Gov. Tim Walz […]

California Officials Award More Than $50 Million In Marijuana Tax-Funded Community Reinvestment Grants

California officials have awarded more than $50 million in marijuana tax-funded community reinvestment grants, the state announced on Thursday. The Governor’s Office of Business and Economic Development (GO-Biz) said that the funds are being distributed to 31 different local health departments and community-based nonprofit organizations that support economic and social development in areas disproportionately impacted […]

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