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Cannabis firm Trulieve reports strong revenue growth in second quarter

Trulieve Cannabis Corp., a Florida-based multistate operator, reported record revenue of $57.9 million for the second quarter, up 149% compared with $23.3 million during the same period a year ago. Revenue for the six-month period ended June 30 totaled $102.4 million, nearly triple the $38.5 million the company posted during the second quarter last year. […]

Cannabis firm Trulieve reports strong revenue growth in second quarter is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Pennsylvania medical marijuana market boosted after adding anxiety

Pennsylvania medical cannabis sales are getting a big lift from the addition of anxiety as a qualifying condition. In less than a month, 3,000 people were certified to buy medical marijuana because of anxiety disorders, the Pennsylvania Capital-Star reported, citing state health officials. The qualifying condition became effective July 20. State health officials said 180,000 patients […]

Pennsylvania medical marijuana market boosted after adding anxiety is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New Mexico governor’s commission eyeing adult-use cannabis legalization

A bipartisan group appointed by New Mexico Gov. Michelle Lujan Grisham to study legalizing recreational marijuana is moving forward with two public policy meetings this month. The group was scheduled to meet in Albuquerque Wednesday to hear from officials from the state’s current medical cannabis program and from marijuana licensing experts. A second meeting is […]

New Mexico governor’s commission eyeing adult-use cannabis legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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California university teams with DEA-registered company to research marijuana

Researchers at the University of California, Davis have joined forces with Biopharmaceutical Research, which is registered with the U.S. Drug Enforcement Administration, to study marijuana for the benefit of law enforcement, health care providers and scientists. The research could benefit cannabis companies by helping authorities to distinguish between marijuana and hemp. The two groups of researchers will […]

California university teams with DEA-registered company to research marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Wholesale marijuana prices on upswing in more mature recreational markets, reports indicate

Wholesale cannabis prices appear on the rise in longstanding adult-use cannabis markets Colorado, Oregon and Washington state, according to two recent reports and insight from growers. The upward-trending prices seem to be increasing because of: Stronger demand and weaker supply beyond the typical summer economic dynamics. More growers going out of business. Farmers pivoting to […]

Wholesale marijuana prices on upswing in more mature recreational markets, reports indicate is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Illinois expands medical marijuana market in advance of recreational launch

Illinois Gov. J.B. Pritzker signed legislation adding new qualifying conditions, including chronic pain, to the state’s medical cannabis program, which likely will boost sales in advance of next year’s recreational MJ launch. By signing the bill, the Democratic governor also makes the state’s MMJ program permanent, the Chicago Sun-Times reported. Here are key details from […]

Illinois expands medical marijuana market in advance of recreational launch is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Arizona group files recreational cannabis legalization ballot measure

Arizona voters may get a chance to decide next year whether to legalize recreational marijuana, which could open up a host of new cannabis business opportunities if it succeeds. Legalization advocates said they’ve filed paperwork with the Arizona Secretary of State to put the question before voters in 2020. They’ll need to collect at least 237,645 […]

Arizona group files recreational cannabis legalization ballot measure is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New Mexico closer to capping medical marijuana cultivation

A New Mexico hearing officer endorsed a plan to limit medical cannabis cultivation to 1,750 mature plants per grower, an effort to avert a possible market oversupply. State health department Secretary Kathyleen Kunkel will have the final say on whether to implement the plan, which some growers argue will constrain and harm the nascent market. […]

New Mexico closer to capping medical marijuana cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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What medical cannabis firms might learn from Harvest’s compliance conundrums

Harvest Health & Recreation is in high-stakes clashes with medical marijuana regulators in Pennsylvania and Ohio, and the disputes could potentially offer other MMJ firms cautionary lessons around the necessity to maintain extremely pristine regulatory compliance in state-legal markets. At stake for Harvest are more than a dozen dispensary, processing and cultivation licenses in the […]

What medical cannabis firms might learn from Harvest’s compliance conundrums is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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