Day: January 13, 2021

Colorado hits $2B for 2020 marijuana sales – with December still to count

On: January 13, 2021

The oldest adult-use marijuana market in the United States, Colorado, hit a milestone in 2020 when sales surpassed $2 billion for the first time in a calendar year. And that total did not include sales figures for December. According to the Denver Post, sales for the month of November wereContinue Reading

New Jersey cannabis company workers sign up with union

On: January 13, 2021

Employees at New Jersey cannabis company Verano NJ voted to ratify a union contract with two local chapters of the United Food and Commercial Workers International Union (UFCW) Local 152 and Local 360. New Jersey cannabis company workers sign up with union is a post from: Marijuana Business Daily: Financial,Continue Reading

Maine marijuana testing lab closed over licensing issue

On: January 13, 2021

Massachusetts-based marijuana testing company ProVerde Laboratories shut down its Portland, Maine, location after municipal authorities said it was operating without the necessary local authorizations. Maine marijuana testing lab closed over licensing issue is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ReadContinue Reading

GW Pharma expects fiscal 2020 sales to reach $526 million

On: January 13, 2021

United Kingdom-based GW Pharmaceuticals expects to report annual sales of approximately $526 million for the year ended Dec. 31, 2020, it said in a preview of its fourth quarter and full-year results. Fourth quarter net sales will be approximately $148 million, based on preliminary unaudited financial information, GW said inContinue Reading

Virginia looks poised to legalize adult-use cannabis market

On: January 13, 2021

Virginia Gov. Ralph Northam’s administration announced an adult-use cannabis legalization plan that would impose a 21% excise tax and provide some licensing preferences for individuals and entities harmed by the war on drugs. Adult-use marijuana sales would begin Jan. 1, 2023, under the proposal, which looks as if it hasContinue Reading

Why leaf pre-rolled cones make the cleanest, tobacco-free blunts

On: January 13, 2021

Made of all leaf and only leaf. The post Why leaf pre-rolled cones make the cleanest, tobacco-free blunts appeared first on Leafly. Read More: Why leaf pre-rolled cones make the cleanest, tobacco-free bluntsContinue Reading

New York appears better positioned than before to legalize $2 billion-plus recreational marijuana market

On: January 13, 2021

Facing massive budget woes and legalization in neighboring New Jersey, politicians in New York are set to take another crack at legalizing a recreational marijuana market that could generate more than $2 billion in sales – and this time, the odds look better. Gov. Andrew Cuomo renewed the pledge lastContinue Reading

Cannabis CEOs, led by Aphria’s Irwin Simon, are among Canada’s top-paid execs despite losses

On: January 13, 2021

A number of executives in the cannabis industry are among the highest-compensated CEOs in Canada, according to a new analysis of 2019 pay by the Ottawa think tank Centre for Policy Alternatives. Executive compensation in the marijuana industry has attracted scrutiny of late as some of the largest producers haveContinue Reading

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