Cannabis Business

According to a report from MinnPost, the Minnesota Department of Revenue has announced that the state has generated $10,022,635 in tax revenue from hemp-derived THC products since their market launch nearly a year ago. Although Minnesota legalized cannabis use for adults last year, the full adult-use industry is not expected to be operational until 2025. […]

Headflyer Brewing, located in northeast Minneapolis, has begun serving hemp-derived, THC-infused beverages on tap, according to a report from CBS News. This offering comes following a newly enacted state regulation effective July 1, which allows such products to be dispensed on tap instead of exclusively in cans. Previously, hemp-derived THC drinks were required to be

Maryland Governor Wes Moore (D) announced a significant milestone as the state’s total cannabis sales surpassed $1.1 billion during the first year of its adult-use market, according to a report from Tri-State Alert. The Maryland Cannabis Administration (MCA) revealed that since the launch of adult-use cannabis sales on July 1, 2023, the market has seen

Since Maryland’s adult-use cannabis market launched in July of last year, licensed retailers have collectively sold over $1.1 billion worth of legal marijuana products. According to data released by the Maryland Cannabis Administration, this milestone underscores the robust growth and economic impact of the state’s cannabis industry. Governor Wes Moore (D) praised the achievement, emphasizing

California state officials have issued recalls for five cannabis products manufactured by West Coast Cure (WCC), citing concerns over pesticide contamination. This move comes in response to recent findings of widespread pesticide presence in the state’s adult-use cannabis industry, highlighting ongoing regulatory challenges. The Department of Cannabis Control (DCC) announced that the following WCC products

Maryland’s Office of the Comptroller reported approximately $14.7 million in cannabis tax revenue for the first quarter of 2024. This represents a 0.7% increase from the previous quarter, as detailed by Maryland Matters. Comptroller Brooke Lierman emphasized the economic potential of the state’s growing cannabis industry. “Maryland’s growing cannabis industry holds immense potential for economic

California regulators have ramped up cannabis product recalls and issued several health warnings to consumers. In the past month alone, the Department of Cannabis Control (DCC) issued six recalls, and the California Department of Public Health (CDPH) warned against certain hemp-infused beverages. So far this year, at least 23 cannabis product recalls have been issued,

Days after exercising an option to acquire a U.S.-based marijuana multistate operator, onetime billion-dollar cannabis giant Canopy Growth Corp. is planning to raise up to $250 million (341.7 million Canadian dollars) via an at-the-market (ATM) equity program. The Smiths Falls, Ontario-based company did not specify when it would issue and sell the new common shares

In a significant development for Missouri’s burgeoning cannabis industry, 48 applicants have been selected in the state’s second round of a licensing lottery to receive coveted cannabis microbusiness permits. The lottery awarded 33 microbusiness wholesale licenses and 24 microbusiness retail permits. Notably, residency in Missouri was not a requirement for applicants, although majority owners of

Federal Customs and Border Patrol (CBP) agents are reportedly seizing legal cannabis products in New Mexico during shipments from the southern to northern parts of the state, according to KFOX14/CBS4. The seizures, occurring for months, are deemed legal under federal law by CBP, despite cannabis being legalized in some U.S. states and Canada. CBP stated,