The Michigan Cannabis Regulatory Agency recently fined eight cannabis firms a total of $116,000 for failing to submit required financial reports by the deadline. Michigan regulators began publishing disciplinary action reports recently to cannabis businesses. The first report includes eight fines totaling $116,000 for failure to submit proper financial reports. No other violations were reported […]
Cannabis Firm Fined $115K in Michigan Read More »
According to a recent Yahoo Finance report, female-led cannabis companies face significant challenges when it comes to raising capital, compared to their male counterparts. As the cannabis industry continues to grow, female-led cannabis companies are finding it increasingly difficult to raise capital. This is largely due to the high costs associated with running a cannabis
Business Financing Harder for Women-Led Cannabis Companies Read More »
The Executive Director of New York’s Office of Cannabis Management, Chris Alexander, said that applications for cannabis cultivation, processing, and other industry activities will be delayed until the middle of 2023. “You’ll see regulations come out sooner – in the next two months or so – but middle of next year you’ll see those
Adult-Use Cannabis Sales Delayed Until Middle of Next Year in New York Read More »
Illinois has surpassed more than $1 billion in cannabis sales by the end of August, which represents a 16% year-over-year increase from the previous year. According to Ganjapeneur, “The $1,015,700,115.70 in total sales represents a 16% year-over-year increase from August 2021 — last year, Illinois did not reach the $1 billion sales mark until October,
$1 Billion of Cannabis Sales in Illinois This Year Read More »
Between January 2020 to April 2022, the New Jersey Cannabis Regulatory Commission issued 54 citations to seven cannabis companies. The allegations included failing to register patients in the medical cannabis registry, security violations, and mold. According to Ganjapeneur, “Some of the companies that received the citations – including Verano Holdings Corp., Curaleaf Holdings Inc., and
Over 50 Citations Issued to Cannabis Businesses in New Jersey Read More »
The Cannabis Regulatory Commission (CRC) in New Jersey recently reported that adult-use cannabis sales have reached $80 million in the first 10 weeks since legalization.The CRC expects this growth to continue, as more businesses are licensed and come online. In a recent MJBizDaily article, this figure includes sales from the 18 medical marijuana dispensaries that
$80M Reached During First 10 Weeks In New Jersey for Adult-Use Cannabis Read More »
Retailers in Arkansas recorded over $22.4 million in medical cannabis sales for May – an average of about $724,200 spent daily across 38 dispensaries in the state. According to a spokesperson for the Arkansas Department of Finance and Administration (DFA), May sales were lower than April, which brought in $24 million. Patients in Arkansas spend
May Medical Cannabis Sales in Arkansas Surpass $22 Million Read More »
The Maine Office of Cannabis Policy is offering municipalities that allow adult cannabis sales up to $20,000 to help regulate costs. Cities and towns can use the funds to cover the costs of attorneys, ordinance drafting, staff time, and other expenses. Officials hope that this will incentivize those who don’t allow industry operations within its
Maine Offering Towns $20k to Allow Adult-Use Cannabis Businesses Read More »
Sales of medical cannabis in Arkansas reached $23.3 million in July 2022, according to data from the state Health Department. This total exceeds the $22 million in sales realized in June. Read our article on May medical cannabis sales totals here. Spokesperson Scott Hardin told 5News that Arkansans spent an average of $751,720 per day
Medical Cannabis Sales Reach $23.3M in July in Arkansas Read More »
