Industries Booming Since Marijuana Legalization

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The marijuana industry has been growing steadily since its legalization in the United States, with more than 75% increase in sales, and contributing greatly to the economy of this nation. To date 11 states have legalized marijuana for recreational use and other 33 have authorized cannabis for medicinal use. Legalization has seen the creation of a diverse range of companies Read the full article…

Tilray Expands Global Leadership Team With New COO And CFO

tilray

CANADA: Tilray, a global pioneer in cannabis production, research, cultivation, and distribution, announces the expansion of its global senior leadership team with two strategic hires: Jon Levin as Chief Operating Officer, who was formerly with Revlon, and Michael Kruteck as Chief Financial Officer, who was formerly with Molson Coors and Pharmaca. Mr. Kruteck’s appointment will be Read the full article…

Eaze Partners With Fairmont Miramar Hotel & Bungalows Santa Monica And Recreational Embassy To Debut Eaze Hospitality

Fairmont Miramar

CALIFORNIA: Eaze, California’s leading cannabis delivery marketplace, announced a new partnership with Recreational Embassy, an elemental curator of cannabis and hemp solutions for the luxury hospitality market, to bring high-touch cannabis experiences to luxury hotel guests with the launch of Eaze Hospitality. The Eaze Hospitality concierge service will debut at the Fairmont Miramar Hotel & Bungalows Read the full article…

Cresco Labs Receives First Adult-Use Cultivation Approvals Granted In Illinois

Cresco Labs

ILLINOIS: Cresco Labs, one of the largest vertically integrated multistate cannabis operators in the United States, today announced that its three cultivation facilities in the state of Illinois have been approved for growing adult-use cannabis by the Illinois Department of Agriculture. The three facilities, located in Joliet, Kankakee and Lincoln, can represent a total combined Read the full article…

New Cannabis Tour Company Is Now Booking Tours To Mendocino.

Mendocino pot tourism

CALIFORNIA: Locally owned NorCal Tour Company, Inc announced today that it is now booking tours of California Cannabis Country with its new Mendocino Experience Cannabis Tour. The tour is based on the Northern California wine tour model, taking tourists to licensed legal cannabis farms as well as an inside look at the Northern California cannabis industry. Read the full article…

Report: Retail Cannabis Tax Revenues Surpass $1 Billion In 2018

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DISTRICT OF COLUMBIA: State and local excise tax collections on retail adult-use cannabis sales surpassed $1 billion in 2018 — a 57 percent increase over 2017 levels, according to data compiled by the Institute on Taxation and Economic Policy. Annual excise tax revenues on adult-use cannabis sales ($1.04 billion) rivaled those for all forms of alcohol $(1.16 billion), Read the full article…

Report: More Banks Providing Services To Cannabis-Specific Businesses

Bank of California Tacoma

DISTRICT OF COLUMBIA: A growing number of banks and credit unions are providing financial services to marijuana-related businesses, according to data released by FinCEN (the US Treasury Department’s Financial Crimes Enforcement Network) and first publicized by the news portal MarijuanaMoment.net. The report acknowledged that the number of financial institutions actively banking with marijuana-related businesses rose from 401 in October Read the full article…

Michigan: Marijuana Possession Becomes Legal Next Week

possession now legal in michigan

MICHIGAN: Key provisions of the state’s voter-initiated marijuana measure will take effect next week. Members of the Board of State Canvassers certified the midterm election results on November 26, and Proposition 1: The Michigan Regulation and Taxation of Marihuana Act becomes law on Thursday, December 6. Provisions specific to the adult possession and cultivation of cannabis will take immediate Read the full article…

South Africa: Highest Court Upholds Right To Consume Marijuana In Private

South African politicians first outlawed marijuana in 1908. Annually, some 13 percent of all arrests in the nation are marijuana-related.

SOUTH AFRICA: The nation’s highest court has upheld a 2017 decision finding that the use of marijuana by adults in private is constitutionally protected behavior. Judges unanimously ruled that privacy protections encompass an adult’s right to possess and grow cannabis in a private space. It is not “a criminal offense for an adult to use or be in possession of cannabis in Read the full article…

MedMen Begins Trading On The Canadian Securities Exchange

Leading Cultivator, Producer and Retailer of State-Sanctioned Cannabis Now Accessible to Public Equity Investors

CALIFORNIA: MedMen Enterprises began trading today (5/29/18) on the Canadian Securities Exchange under the ticker symbol “MMEN.”  With more than 800 employees and 18 licensed facilities in California, Nevada and New York, MedMen is one of the fastest growing companies in the quickly evolving U.S. cannabis industry. The three states where MedMen currently operates account for about Read the full article…