OLCC To Create Cannabis Tracking System User Groups

OLCC news

OLCC Seeks applicants for Metrc User Group and Training Advisory Groups OREGON: The Oregon Liquor Control Commission is announcing the formation of three groups to enhance the functionality of and training related to the OLCC’s Cannabis Tracking System (Metrc). The three groups will be: A licensee user group that will prioritize and request system enhancements to Metrc; A licensee training advisory group that Read the full article…

Tilray Completes First Bulk Medical Cannabis Export To Australia Under New Regulations

Tilray mmj products are going Down Under

CANADA: Tilray, a global leader in medical cannabis research and production, today announced it has completed its first import of medical cannabis products into Australia under the country’s new import regulations. The products were produced at Tilray’s federally licensed, GMP-certified facility in Canada and can be dispensed to any patient with a valid prescription. “We are Read the full article…

Delaware Executes Cannabis Tracking Contract With BioTrackTHC

Delaware selects BioTrackTHC

DELAWARE: The State of Delaware Department of Health and Social Services (DHSS), the government agency responsible for regulating the medical use of cannabis in Delaware, has executed the state’s cannabis seed-to-sale tracking and patient registry contract with BioTrackTHC. Delaware’s stated goals for the Medical Marijuana Program include, “protect the people of Delaware by minimizing the risk of theft and Read the full article…

OLCC Announces Commission Action On Rules April 2017

OLCC news

OREGON: At the April 28, 2017  meeting, OLCC Commissioners took final action on the following Oregon Administrative Rules Procedures for Public Notice of License Applications (amend OAR 845-005-0306) The purpose of this rule-making effort is to relieve the burden of licensees meeting with Inspectors to post a public notice. The amendments enable a licensee to do Read the full article…

MJ Freeway Reports Cannabis Retail Sales For April 20 “4/20″ Holiday Exceeded $45M

4/20 pot sales hit new high

COLORADO: MJ Freeway, a leading provider of seed-to-sale traceability solutions for the cannabis industry, reports that retail sales for the largest marijuana holiday exceeded $45 million, a 20% increase compared to the 2016 holiday. Prior to the holiday, MJ Freeway predicted a 20% increase in retail cannabis sales and a 10% increase in customer traffic. MJ Freeway’s Read the full article…

Revenue Growth In The Legal Cannabis Market

According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — the highest monthly total since legal recreational cannabis sales began there in January 2014.

NEW YORK: A research published by Arcview Market Research indicates that people in North America spent $53.3 billion on legal, medical, and illicit cannabis in 2016. The North American legal cannabis market posted $6.7 billion in revenue in 2016, or up 30% from the year before. The illicit market generated 87% of total pot sales, down from 90% in 2015. The Read the full article…

Marijuana Industry Entrepreneurs Enjoy Hottest Career Opportunities

Marijuana is safer than unemployment

By John Levy The marijuana market is among the fastest growing of all time. It is also becoming more socially acceptable, and as such, many young people are opting for a career in the cannabis industry. According to Forbes, the pot sector will create more employment than manufacturing by 2020. There are many job opportunities Read the full article…

Cannabis Software And Consulting Leader MJ Freeway Closes $3 Million In Series B Extension Investment

MJ Freeway and Cannabase strike integration deal

COLORADO: MJ Freeway, a leading provider of business management solutions and consulting services for the cannabis industry, has announced $3 million in Series B extension financing raised from existing investors. MJ Freeway received new investments from existing investors Roger McNamee and Tao Capital Partners. With the unprecedented growth of the cannabis market, the company will use this funding to invest in Read the full article…

Overview Of The Marijuana-infused Food Regulations

Edibles are changing the marijuana marketplace

By Ian Lebowski Colorado State was the first to be declared cannabis-friendly after legalizing medical marijuana in 2000. During that time, only a few regulations governed distribution and use of the drug. However, certain concerns have led to new rules and guidelines for cultivation, distribution, acquisition and use of marijuana, either for medical or recreational purposes. Read the full article…

Oregon Retail Licensees Required To STOP Collecting, Retaining Consumer Info

OLCC protects privacy of retail transactions.

Collection of Customer Data Ends; Previously Collected Information Must Be Destroyed OREGON: Oregon Governor Kate Brown signed Senate Bill 863 into law on April 17, 2017. SB 863 prohibits marijuana retailers from recording, retaining or transferring information contained on a passport, driver’s license, military identification card or other identification card. What are marijuana retailers required to do? Beginning Read the full article…