Day: July 19, 2024

American Cannabis revenue softening Image Cannabis News July 19, 2024 US Cannabis Industry Faces Slowdown as Mid-2024 Sales Lag Behind Projections. Halfway through 2024, the cannabis industry in the United States appears to be softening, a trend in line with reports of slower-than-expected medical marijuana sales in Ohio in 2023Continue Reading

Senator Peters’ DOOBIE Act to Reform Marijuana Employment Rules Image Cannabis News July 19, 2024 Senator Gary Peters Introduces DOOBIE Act to Modernize Federal Hiring Practices. Sen. Gary Peters’ DOOBIE Act aims to modernize federal hiring practices in response to developing laws and societal norms. Democrat’s legislation aims to alignContinue Reading

Cannabis industry partners hope OMMA cuts help efficiency Image Cannabis News July 19, 2024 Oklahoma Medical Marijuana Authority Cuts Staff by 10% to Improve Efficiency. Some cannabis industry partners and leadership in Oklahoma are hopeful a 10% cut to the Oklahoma Medical Marijuana Authority’s (OMMA) staff will make the stateContinue Reading

Costly, hard-to-find insurance keeping THC beverages off some Minnesota menus Image Cannabis News July 19, 2024 Minnesota’s On-Site THC Consumption Experiment Faces Insurance Challenges. Minnesota’s pioneering approach to on-site THC consumption means insurers don’t have a baseline to write policies around and thus are hesitant to offer coverage. The successContinue Reading

Only 27% Of US Cannabis Operators Are Profitable Image Cannabis News July 19, 2024 New Research Shows Only 27,3% of US Cannabis Businesses Are Profitable. As the cannabis industry braces for possible changes, new research reveals a stark reality: only 27.3% of U.S. cannabis businesses are turning a profit. BeauContinue Reading