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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Opportunities range from direct investments in cultivation and processing facilities to ancillary businesses such as technology, logistics, and branding.

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Texas Original Compassionate Cultivation Hires Aaron Trahan as Head of Customer Operations

Cannabis Law Report

Trahan brings two decades of retail management and customer experience expertise to Texas’ leading medical cannabis provider. AUSTIN, Texas–(BUSINESS WIRE)– Texas Original Compassionate Cultivation (TXOG), Texas’ leading medical cannabis provider, announced today it has hired Aaron Trahan as head of customer operations.

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Illinois 2022 medical cannabis sales at 2-year low

Illinois News Joint

Although August total medical cannabis sales is estimated because of an uncorrected IDPH data entry error, Illinois medical cannabis sales for 2022 should be around $353 million. December’s retail sales included $14,255,331.28 Total retail sales since November 2015 by licensed medical cannabis dispensaries is $1,638,776,607.69.

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PureVita Labs Opens Cannabis and Hemp Analytical Testing Lab in Rhode Island

Cannabis Law Report

The lab was born to fulfill an unmatched need in the industry to deliver a reliable, scientifically based standard methodology to allow patients to control their individual dose and overall predictability of a product’s intended therapeutic effects. “We

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$25 million medical cannabis facility to bring “Budding Industry” to San Marcos

Cannabis Law Report

On April 19, 2021, construction began on three buildings, one retail and two industrial, totaling approximately 63,000 square feet. According to a New Frontier Data Report, the overall legal cannabis industry in America is valued at roughly $13.2 Goodblend expects to complete the project near the beginning of next year.

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Akerna announces eCommerce platform, Akerna Connect, enabling cannabis dispensaries to offer online ordering, loyalty programs, and text messaging

Cannabis Law Report

Akerna Connect is an eCommerce software which provides a suite of digital marketing tools to retailers and dispensaries so locations can reach their consumers and enhance the shopping experience through online ordering, loyalty programs, and text messaging. In addition, consumers can opt-in for loyalty programs and text message alerts.

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Tilray To Spend $110 Million On Alberta Cannabis Retailer, Four20

Cannabis Law Report

Tilray Inc. (NASDAQ: TLRY), one of the world’s largest medical cannabis producers, is expanding its retail footprint in Canada. The British Columbia-based company said Thursday it signed a deal to buy Alberta pot retail chain Four20 in an all-stock deal worth up to $110 million. Tilray acquires Alberta cannabis retailer Four20.

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