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Since COVID-19 rocked the economy, cannabis businesses and supplychains claim to have been playing catch-up to get back to business as usual. states with Adult-Use and recreational cannabis markets generate huge amounts of tax revenue from recreational sales. As perhaps one of the most talked-about topics for U.S.
As debates heat up over recreational cannabis, all eyes turn to Ohio and its potential legalization. Ohio, often viewed as a bellwether state, now faces a defining question: Will it join the growing roster of states opting to launch legal recreational marijuana markets? in recent years. Passions run deep on both sides.
Pew Research Center “found that 88% of US adults are on board with marijuana legalization for either recreational or medical use.” Rising consumer demand, supplychain shortages, and weather phenomena combined with inflation, and we see issues that are greatly impacting the agricultural community. As of Nov.
MMJ patients in various parts of the country have been keen to find out: are dispensaries doing home delivery during the coronavirus pandemic? In most MMJ states, medical cannabis dispensaries have been designated “essential businesses”, so they are staying open. Are Dispensaries Doing Home Delivery During The Coronavirus Pandemic?
A rather worrying report via Vice who report, “Dispensaries are adopting in-store surveillance systems to protect profits. This may sound like a scene from a sci-fi movie, but these tools are employed in cannabis dispensaries today. Experts warn it’s a ‘slippery slope’ to discrimination.”
Venom is positioned for continued growth in Arizona , it has a strong brand recognition and distribution network, with products in the vast majority of dispensaries statewide. Expectations include continued increased sales and demand in multiple states, with a special emphasis on the emerging recreational market in Arizona.”
In Chicago, where medical marijuana has been legal since 2014, and recreational marijuana has been legal for just over a month, people from many facets of the real estate industry — brokers, architects, contractors, real estate owners — came to learn about the new opportunities and pitfalls of the cannabis industry. Stay tuned.
In New York, board officials would issue licenses for different steps of the supplychain — farming, processing, distribution, dispensaries and retail “consumption” sites, the memo says. The new state office would oversee the regulation of the adult-use and medical cannabis programs. Read more at CNN ]. View original article.
dispensaries as well as a grower-processor facility in Massachusetts through an acquisition. a subsidiary of Harvest Health & Recreation. In the second half of 2021, we expect to open an additional seven BEYOND / HELLO retail stores nationally, add two Nature’s Remedy of Massachusetts, Inc.
The Department issued the extensions after considering supply-chain issues and the business-related consequences of COVID-19. Based on a report issued by the IPR, just two of the 88 social equity licensees have opened for business so far, with an additional 21 already serving the state’s recreational cannabis market.
OLCC Provides Oregon Legislature with Recreational Marijuana Supply and Demand Study. . Portland, OR — Today the Oregon Liquor Control Commission provided the Oregon Legislative Assembly with the 2019 Recreational Marijuana Supply and Demand Legislative Report required by ORS 475B.548. January 31, 2019.
In July, Green Dragon announced the opening of its first two Florida dispensaries, and plans to have at least 20 locations secured in Florida by the end of 2021. Green Dragon’s retail stores in Colorado achieved a 39% growth in 2020, and Eaze’s average monthly revenue increased 75% between 2019 and 2020.
Since 2015, the company has been dedicated to creating new product opportunities and solving challenges throughout the supplychain by leveraging proprietary next generation breeding, chemistry, and tissue culture technologies. About Native Roots Cannabis Co. Native Roots Cannabis Co.
The Rules establish the recreational cannabis industry in New Jersey and allow the CRC to begin licensing businesses as soon as possible. The Rules specify different classes of licenses for each stage of the supplychain. ATCs must also pay a fee for getting approval to expand into recreational operations. Submission Fee.
DENVER–(BUSINESS WIRE)–Legacy cannabis operator Green Dragon today announced the opening of its first Northern Colorado dispensary in Fort Collins. In line with the moratorium on new dispensary licenses in the area, Green Dragon purchased the existing Choice Organics license to expand its retail footprint into Northern Colorado.
The Seeds of Europe’s Adult-use Cannabis Market Are Sprouting Europe’s recreational cannabis market has overcome major regulatory hurdles in the last few years. The following year, the Czech Republic and German governments announced plans to develop a legal framework to establish a regulated market for recreational sales.
.–(BUSINESS WIRE)– Green Dragon , one of the nation’s longest operating privately owned cannabis companies, opens a new medical cannabis dispensary in West Palm Beach today, marking Green Dragon’s third storefront in Florida and 19th dispensary across the country. To learn more about Green Dragon, visit GreenDragon.com/FL/.
As we explained in the first article of the series , while people often think dispensaries are the golden ticket into cannabis, they don’t realize that there is so much more opportunity in this emerging industry. Examples of plant-touching and ancillary businesses along the entire cannabis supplychain. Cultivation.
(OTCQX: INLB ) (the “Company”) — a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products — announced today that it has signed an Asset Purchase Agreement (the “APA”) with The Herbal Cure, a medicinal and recreationaldispensary and cultivator operating in Denver, Colorado.
In July, Green Dragon announced the opening of its first two Florida dispensaries, and plans to have at least 20 locations secured in Florida by the end of 2021. Green Dragon’s retail stores in Colorado achieved a 39% growth in 2020, and Eaze’s average monthly revenue increased 75% between 2019 and 2020.
Since New York’s Office of Cannabis Management (OCM) and Cannabis Control Board (CCB) issued and approved regulations regarding conditional retail dispensary licenses for the general public , businesses should start thinking about how they will incorporate social equity programs into their business plans. Eliminating Barriers to Entry.
It took seven years to put a grow site registry together, and fifteen years for dispensary licensing. Back in the day, when OHA first started licensing dispensaries, there were no real rules around testing. In theory, those steps could drive up costs along the supplychain, but we wouldn’t expect significant variance.
To learn more about medical marijuana treatment center (MMTC) delivery services, please see: Florida Dispensaries: COVID-19 Policies. For updates on all current Florida dispensary policies, see: Dispenary COVID-19 FAQs. Note: Florida dispensaries also offer home delivery and curbside pickup options.
The ability to tax cannabis is one of the main political reasons given to support recreational legalization. Our financial modelling of California’s cannabis taxes raises a couple of additional factors that have had a significant impact on behavior by participants in the cannabis supplychain.
Senator Jeremy Cooney of New York introduced a bill on July 20 that would build upon the state’s recreational cannabis law with a focus on getting cultivation up and running. He continued, “We passed adult-use recreational marijuana with the promise of investing in communities most negatively impacted by the failed War on Drugs.
A major hurdle for recreational cannabis sales in the Bay State was cleared on Monday. The five member commission unanimously voted to grant the license to Cultivate , a medical cannabis dispensary currently operating in Worcester County. . This could took weeks; or it could take months.
Home deliveries of your MMJ products consist of a cannabis dispensary in your state shipping or delivering items right to your front door. Some dispensaries even offer monthly subscription boxes so you can easily try out new products. Some states also permit deliveries for recreational cannabis use. keep reading to find out.
Debby Goldsberry is executive director at Magnolia Wellness, an award-winning dispensary in Oakland, Calif., and the managing director of the Berkeley Community Care Center dispensary at Amoeba Music. Contributing Editor, Cannabis Business Times , Cannabis Dispensary and Hemp Grower. Neiden Tomaselli. Cassie Neiden Tomaselli.
Debby Goldsberry is executive director at Magnolia Wellness, an award-winning dispensary in Oakland, Calif., and the managing director of the Berkeley Community Care Center dispensary at Amoeba Music. Contributing Editor, Cannabis Business Times , Cannabis Dispensary and Hemp Grower. Neiden Tomaselli. Cassie Neiden Tomaselli.
In March 2020, as the first cases of COVID-19 began to spread in the United States and lockdown orders loomed, ASA sent letters to governors and directors of state medical cannabis programs asking them to take immediate action to ensure that patients continue to have access to medical cannabis and that the supplychain is not interrupted.
Customers wait outside a cannabis dispensary in Addison, Illinois, on January 2, 2020, a day after recreational cannabis was legalized. What if the first thing that you thought of when you walked into a dispensary was ‘How was this cannabis grown?’ An even bigger problem as colder states legalize cannabis .
Airgraft , a purpose-driven technology company that engineers and sells vaporization hardware and software designed for the effective, efficient delivery of medicinal and recreational extracts, has created a modern and safe solution to these issues. . But the supplychain amplifies the cost to the consumer four to five times. .
If anything, this proves that Canada’s supply issues are leveling out – something that many experts speculated would take several years. Recreational marijuana users definitely stand to gain a lot from these additional locations, but some critics point out that we should not be too quick to celebrate. . More Stringent Requirements.
I agree that most companies, probably dispensaries specifically who are training their staff, their bottom line is not to best educate the budtender but rather to teach them how to sell it the best — based on the terminology that they and the customers will be using. MSO: I’m going to take kind of contrarian view there.
Supplychains will become more efficient and cost-effective as plants would be grown in appropriate outdoor climates and other materials could be sourced across markets. The post Illinois Set to Award New Cannabis Dispensary Licenses After Lawsuits, Delays appeared first on SpeedWeed. View original article.
Medical and recreational cannabis is projected to be a $13 billion dollar industry in the US in 2019, which has investors and eager entrepreneurs alike clambering to get in on the market. Cannabis, despite being legalized in 33 states for medical or recreational use, is still a Schedule 1 drug under the federal Controlled Substances Act.
Does it have a recreational user use as well? So what we did and what dispensaries who we work with are able to see is we wrapped products up to a specific brand, so that way we could always tie a very specific product back to a very specific brand and try to wrap all the data around that product back to a specific brand. TD: Exactly.
The ability to tax cannabis is one of the main political reasons given to support recreational legalization. Our financial modeling of California’s cannabis taxes raises a couple of additional factors that have had a significant impact on behavior by participants in the cannabis supplychain.
He has been criticized by legislators, patients, and dispensaries due to the state’s restrictive and intensely competitive medical marijuana market. “It Lawmakers baselessly argued that smoking as a method for medical treatment would be a “backdoor attempt” at allowing recreational use.
The new delivery service offers the same curated selection of items and excellent customer experience found in Green Dragon retail dispensaries while providing a convenient, discrete way for customers to enjoy their favorite cannabis products without leaving the comfort of their home. can place orders online , and pay via cash or debit card.
Just as with the previous proposal, those Registered Organizations would be permitted to vertically integrate their business and would not be subject to the prohibition of adult-use cultivators, processors and/or distributors having a financial stake in a retail dispensary. Adult-Use Licenses.
The CCA would have provided for licenses for 400 dispensaries, 450 cultivators, 60 manufacturers, and 25 wholesalers, all licensed and regulated by a newly created Cannabis Control Authority (Authority). As of now, it is unclear whether the General Assembly will even stick to the original timeline of adult-use sales beginning January 1, 2024.
These tax rates are on all parts of the supplychain. Richard Miller of A Therapeutic Alternative operates an indoor, retail dispensary within feet of churches and schools. In 2016 commercial and recreational cannabis use was legalized in California with the passage of Proposition 64. After the passage of Prop.
Just as with the previous proposal, those Registered Organizations would be permitted to vertically integrate their business and would not be subject to the prohibition of adult-use cultivators, processors and/or distributors having a financial stake in a retail dispensary. Adult-Use Licenses.
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