Recreational News

04/04/2020 - 2:09am
Pure Harvest Cannabis Group Is Trading At A Large Discount Compared To Asset Value
(Acquisition, Beverage, California, Cannabis, CBD, Colorado, Distribution, Florida, Investors, Management, Manufacturing, Media, Medical Marijuana, Michigan, Monitoring, Processing, Products, Recreational, Regulations, Stocks, United States, Vertically Integrated, THC, Recreational Cannabis) Pure Harvest Cannabis Group Is Trading At A Large Discount Compared To Asset Value Since 2014, Colorado has been the epicenter of the US cannabis industry and we have seen countless leading brands become national names after establishing market dominance in Colorado. Although California and Florida are two of the most talked about cannabis markets, Colorado represents a massive opportunity, and this is an opportunity that we are excited about. Last year, we saw increased interest in the Colorado cannabis market after Governor Jared Polis passed regulation that would allow cannabis companies to raise capital, complete go-public transactions, acquire other companies, or be acquired. 2020 has been a banner year for the Colorado cannabis market and has been highlighted by the acquisition of The Green Solution, a leading US cannabis retailer. Over the next year, we expect to see further consolidation of the Colorado cannabis market and this is a trend that our readers need to be aware of...
https://www.marijuanastocksreport.com/pure-harvest-cannabis-group-is-trading-at-…
04/04/2020 - 1:26am
Illinois Stores Sold Nearly $36 Million Worth Of Recreational MJ In March, Despite Coronavirus
(Cannabis, Illinois, Products, Recreational, Regulations, Stocks, United States) Illinois Stores Sold Nearly $36 Million Worth Of Recreational MJ In March, Despite Coronavirus Even amid the coronavirus pandemic, Illinois marijuana shops sold almost $36 million in cannabis products in March, according to a report from the state Department of Financial and Professional Regulation released on Thursday. More than 812,000 adult-use marijuana products were sold in the 31-day period. While the majority of those sales ($27 million) came from in-state buyers, out-of-state visitors accounted for about $8.8 million. By comparison, Illinois sold about $35 million worth of cannabis in February and nearly $40 million during its first month of sales in January. “Three straight months of consistent adult use cannabis sales show there is—and will continue to be—strong support and demand from consumers,” Toi Hutchinson, the state’s cannabis czar, said in a press release. Read More Published at Fri, 03 Apr 2020 01:25:44 +0000 The post Illinois Stores Sold Nearly $36 Million Worth Of...
https://www.marijuanastocksreport.com/illinois-stores-sold-nearly-36-million-wor…
04/03/2020 - 10:39pm
Two new recreational marijuana shops could be coming soon to River North - Chicago Tribune
(Cannabis, Recreational) Two new recreational marijuana shops could be coming soon to River North Chicago Tribune
https://www.chicagotribune.com/marijuana/illinois/ct-biz-new-river-north-legal-w…
04/03/2020 - 9:41pm
CRLBF
Two new recreational marijuana shops could be coming soon to River North
(Cannabis, Cresco Labs, CRLBF, Ohio, Recreational, United States) The state approved Cresco Labs' proposed store at 436 N. Clark St. and MOCA Modern Cannabis' planned shop at 216 W. Ohio St., representatives ...
https://www.chicagotribune.com/marijuana/illinois/ct-biz-new-river-north-legal-w…
04/03/2020 - 7:45pm
Looking at recreational marijuana as possible revenue boost for Oklahoma - KTUL
(Cannabis, Oklahoma, Recreational, United States) Looking at recreational marijuana as possible revenue boost for Oklahoma KTUL
http://ktul.com/news/local/looking-at-recreational-marijuana-as-a-possible-reven…
04/03/2020 - 7:44pm
Looking at recreational marijuana as possible revenue boost for Oklahoma
(Cannabis, Medical Marijuana, Oklahoma, Recreational, United States) Attorney Ronald Durbin has worked on almost every bill regarding medical marijuana in Oklahoma. He said the easiest way for it to work would be to ...
http://ktul.com/news/local/looking-at-recreational-marijuana-as-a-possible-reven…
04/03/2020 - 2:45pm
February marijuana sales net state $8 million in taxes
(Cannabis, Illinois, Recreational, United States) The second month of legal recreational marijuana sales in Illinois generated $5.2 million in marijuana tax revenue. February, which had 29 days this ...
https://www.dailyherald.com/business/20200403/february-marijuana-sales-net-state…
04/03/2020 - 2:00pm
SPRWF, TGODF, IVITF
Cannabis Weekly Round-Up: Ontario Axes Essential Status, Illinois Thrives
(California, Canada, Cannabis, Colorado, Green Organic Dutchman, Green Organic Dutchman, Growing, Illinois, Investing, Investment, Invictus MD Strategies Corp., Israel, IVITF, Michigan, Nevada, Organic, Processing, Production, Recreational, SPRWF, TGODF, United States, Vaporizers, Washington, Recreational Cannabis) The cannabis space continued to be impacted by the coronavirus outbreak this week, with the conversation on whether marijuana is essential developing further in Canada. Meanwhile, a troubled Canadian cannabis company received creditor protection, while across the border, Illinois reported solid Q1 sales after legalizing recreational cannabis on January 1. Read on for a closer look at some of the biggest cannabis news over the last five days. Find out what experts say about profiting from the cannabis market in 2020! Read our FREE 2020 cannabis outlook report! Give me my free report! Cannabis essential no more in Ontario Concerns about coronavirus-related store closures caused cannabis sales spikes in various regions in mid-March , but since then panic buying has largely dissipated. In the US, sales jumps occurred in areas like California, Colorado, Nevada and Washington, while in Canada, BC, Ontario and Quebec reported elevated levels of buying. BMO Capital Markets analyst Tamy Chen...
https://investingnews.com/daily/cannabis-investing/cannabis-weekly-ontario-axes-…
04/03/2020 - 1:57pm
Congresswoman Wants Ban On DC Marijuana Sales Lifted Through Coronavirus Legislation
(Cannabis, District of Columbia, Loans, Massachusetts, Medical Marijuana, Recreational, United States, Washington, Dispensaries, Cultivation, Retail Sales) A congresswoman is calling on the government to end a policy prohibiting Washington, D.C. from legal marijuana sales, arguing that the jurisdiction is in particular need of tax revenue from cannabis commerce due to the coronavirus outbreak. Rep. Eleanor Holmes Norton (D-DC) has repeatedly condemned the congressional rider barring the District of Columbia from allowing retail sales that has been extended each year since 2014, shortly after local voters approved a ballot measure to legalize low-level possession and home cultivation. But given the need for resources to combat the pandemic, she said a reversal of the provision should be included in the next COVID-related relief bill. “At this moment of unparalleled need, D.C. should be able to collect tax revenue from all available sources, like every other jurisdiction, including from recreational marijuana, which is believed to be widely used in the District,” the congresswoman said in a press release on Friday, adding that D.C. was...
https://www.marijuanamoment.net/congresswoman-wants-ban-on-dc-marijuana-sales-li…
04/03/2020 - 1:37pm
Michigan's legal weed sales have declined amid stay home order, despite delivery options
(Cannabis, Michigan, Recreational, United States) The Marijuana Regulatory Agency sent out guidelines to cannabis business saying that retail shops for both medical and recreational marijuana could ...
https://www.freep.com/story/news/marijuana/2020/04/03/marijuana-sales-michigan-s…
04/03/2020 - 11:45am
Arizona Legal Marijuana Campaign Asks Supreme Court To Allow Electronic Signatures Amid Coronavirus
(Arizona, California, Cannabis, Education, Events, Idaho, Law, Legalization, Medical Marijuana, Missouri, Nebraska, New York, Oregon, Recreational, United States, Washington) Several campaigns to put initiatives on Arizona’s November ballot—including one to legalize marijuana—are asking the state Supreme Court to allow electronic signature gathering amid the coronavirus pandemic, which has made in-person ballot petitioning all but impossible. Smart and Safe Arizona, the group behind the cannabis measure, along with three other campaigns, filed a petition with the court on Thursday, requesting that it direct the secretary of state to let them digitally collect signatures. They stressed that the infrastructure already exists, as residents are able to use a system called E-Qual to sign ballot petitions for individual candidates running for office. While the marijuana campaign has already gathered more than 320,000 signatures , which is well over the required 237,645 signatures for statutory proposals, they have yet to be verified and activists would like to continue collection efforts to ensure that they qualify for the ballot. In the filing, the groups...
https://www.marijuanamoment.net/arizona-legal-marijuana-campaign-asks-supreme-co…
04/03/2020 - 11:22am
Norton Says Repealing Rider Barring D.C. from Commercializing Recreational Marijuana Would Increase Tax Revenue in Time of Great Need - https://maloney.house.gov
(Cannabis, Recreational) Norton Says Repealing Rider Barring D.C. from Commercializing Recreational Marijuana Would Increase Tax Revenue in Time of Great Need https://maloney.house.gov
https://norton.house.gov/media-center/press-releases/norton-says-repealing-rider…
04/03/2020 - 10:36am
Cannabis Culture From Rastafarian to Hash in Afghanistan
(Afghanistan, Alcohol, Beverage, Cannabis, Education, France, Genetics, Growing, India, Italy, Jamaica, Legalization, Netherlands, Production, Recreational, Spain, Recreational Cannabis, Funding) These cultural attitudes toward cannabis are shaped by historical experiences. A global revolution in attitudes towards the cannabis plant is well and truly underway. In the west, much of the work involves undoing the damage done by the ‘war on drugs’. Other countries, however, already have laid back attitudes towards the plant. From Indian to Rastafarian culture, there’s no evidence that tolerance or acceptance of cannabis ever led to a heroin epidemic, or a generation of unemployed bums . The Netherlands: Historical Liberal Attitudes Adults don’t like to be told what to do. And it was back in the 1970s when the Dutch had the good sense to stop prosecuting cannabis users. The Dutch are a tolerant bunch when it comes to cannabis use, and many of them can take it or leave it. A surprisingly percentage of the population is never bother with it. In fact, the world-famous Amsterdam coffee-shops are frequented by substantially more tourists than locals. According to the United Nations Drug...
https://www.rxleaf.com/cannabis-culture-from-rastafarian-to-hash-in-afghanistan/
04/03/2020 - 10:19am
Illinois recreational marijuana sales total nearly $110 million since January
(Cannabis, Illinois, Recreational, United States) submitted by /u/cannainform2 [link] [comments]
https://www.reddit.com/r/weedstocks/comments/fu97qh/illinois_recreational_mariju…
04/03/2020 - 9:29am
Cannabis Workers Claim Unsafe Conditions After Testing Positive for Coronavirus
(California, Cannabis, Law, Management, Massachusetts, Medical Marijuana, Nevada, Processing, Recreational, Regulations, Testing, United States, Dispensaries, Cultivation) The Massachusetts Cannabis Control Commission announced on Wednesday that it was investigating New England Treatment Access (NETA), one of the state’s largest pot companies, for allegedly placing its employees in an unsafe working environment amid the COVID-19 crisis. NETA confirmed that two of its employees tested positive for the coronavirus this week. One employee worked at the company’s Franklin cultivation and processing center. The other worked at NETA’s Northampton dispensary. A NETA spokesperson released a statement that said both employees self-identified their symptoms, contacted management as soon as they felt ill, got tested, then voluntarily self-quarantined, the Boston Globe reported. Additionally, the NETA spokesperson said that the company hired a third-party service to “deep clean” its dispensary and cultivation facility after learning about the employees’ positive coronavirus results. However, Barbara Carrapichano, a patient adviser at NETA’s Brookline dispensary,...
https://merryjane.com/news/cannabis-workers-claim-unsafe-conditions-after-testin…
04/03/2020 - 7:27am
Santa Clara County shutters recreational marijuana take-out under COVID-19 shutdown - The Mercury News
(Cannabis, Recreational) Santa Clara County shutters recreational marijuana take-out under COVID-19 shutdown The Mercury News
https://www.mercurynews.com/santa-clara-county-shutters-recreational-marijuana-t…
04/03/2020 - 6:36am
IRS resists call for cannabis biz tax guidance (Newsletter: April 3, 2020)
(Alcohol, California, Cannabis, CBD, Food, Idaho, Illinois, Loans, Maine, Massachusetts, Medical Marijuana, New Jersey, New York, Products, Recreational, Research, Science, Tracking, United States) ID medical marijuana effort suspended; Senators push for cannabiz loan access; Congresswoman: Shutting rec stores hurts veterans; IL sales grow Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you're human: Your support makes Marijuana Moment possible… By starting a $10 per month pledge on Patreon —or about 45 cents per issue of this newsletter—you can help us rely less on ads to cover our expenses, hire more journalists and bring you even more marijuana news. https://www.patreon.com/marijuanamoment / TOP THINGS TO KNOW The Internal Revenue Service is pushing back against an internal Treasury Department inspector general’s report that recommends the agency...
https://www.marijuanamoment.net/irs-resists-call-for-cannabis-biz-tax-guidance-n…
04/03/2020 - 6:30am
Map: Where Canadian cannabis businesses can stay open during COVID-19 pandemic
(Canada, Cannabis, Recreational, Recreational Cannabis) The vast majority of Canada's provincial governments are allowing recreational cannabis stores to stay open during the coronavirus outbreak, in effect designating these businesses as "essential." Map: Where Canadian cannabis businesses can stay open during COVID-19 pandemic is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
https://mjbizdaily.com/map-of-marijuana-businesses-in-canada-open-during-coronav…
04/03/2020 - 6:30am
Wholesale marijuana snapshot: A review of prices in adult-use markets
(Cannabis, Recreational) Over the past several weeks, Marijuana Business Daily took a deep dive into average wholesale prices in state-legal recreational marijuana markets. Wholesale marijuana snapshot: A review of prices in adult-use markets is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
https://mjbizdaily.com/slideshow-wholesale-marijuana-prices-in-adult-use-markets…
04/03/2020 - 6:11am
Colorado med allows in-store recreational marijuana sales - Lexology
(Cannabis, Colorado, Recreational, United States) Colorado med allows in-store recreational marijuana sales Lexology
https://www.lexology.com/library/detail.aspx
04/03/2020 - 1:19am
20200402-news-sin
(Cannabis, Illinois, Products, Recreational, Regulations, Stocks, United States) 20200402-news-sin Illinois Stores Sold Nearly $36 Million Worth Of Recreational MJ In March, Despite Coronavirus Even amid the coronavirus pandemic, Illinois marijuana shops sold almost $36 million in cannabis products in March, according to a report from the state Department of Financial and Professional Regulation released on Thursday. Published at Fri, 03 Apr 2020 01:31:31 +0000 The post 20200402-news-sin appeared first on Marijuana Stocks Report .
https://www.marijuanastocksreport.com/20200402-news-sin/
04/03/2020 - 12:40am
CGC
Why Legal Pot Was Taking a Hit in Canada, Weeks Before COVID-19 Sent Markets Plunging
(Banking, Canada, Cannabis, CGC, Growing, Legalization, Recreational) The gains cannabis companies were banking on in the lead-up to legalization of recreational sales in October 2018 have not materialized. So, what went sideways? In February, weeks before COVID-19 was declared a pandemic and the stock market was sent into a tailspin, a handful of Canada’s largest cannabis companies were already in layoff mode. In B.C., Canopy Growth was preparing to shutter what was once the world’s largest licensed indoor growing operation, a sprawling…
https://www.cannabisculture.com/content/2020/04/02/why-legal-pot-was-taking-a-hi…
04/02/2020 - 11:41pm
Article: Why legal pot was taking a hit in Canada, weeks before COVID-19 sent markets plunging The gains cannabis companies were banking on in the lead-up to legalization of recreational sales in October 2018 have not materialized. So, what went sideways?
(Banking, Canada, Cannabis, Legalization, Recreational) submitted by /u/WeedStocksCanada [link] [comments]
https://www.reddit.com/r/weedstocks/comments/fu10l6/article_why_legal_pot_was_ta…
04/02/2020 - 10:53pm
Mondaq Article – Whitelaw Twining: Canada: Smoked Out: Crossing U.S. Ports Of Entry In The Era Of Legalized Recreational Cannabis In Canada
(Canada, Cannabis, Recreational, Recreational Cannabis) When Canada legalized recreational cannabis on October 17, 2018, our neighbours to the south took notice. Although medical and recreational cannabis is legal in 29… Read More...
https://cannabislaw.report/mondaq-article-whitelaw-twining-canada-smoked-out-cro…
04/02/2020 - 9:59pm
Would the legalisation of recreational cannabis fill a budget black hole? - Finfeed
(Cannabis, Recreational, Recreational Cannabis) Would the legalisation of recreational cannabis fill a budget black hole? Finfeed
https://finfeed.com/opinion/the-420-report/would-legalisation-recreational-canna…
04/02/2020 - 7:45pm
South Bay cannabis shops can no longer sell recreational Cannabis on-site under new order
(Cannabis, Recreational, Dispensaries, Recreational Cannabis) The San Jose Spot Light. reports…….Santa Clara County’s cannabis dispensaries will no longer be allowed to sell recreational marijuana at their shops under a new … Read More...
https://cannabislaw.report/south-bay-cannabis-shops-can-no-longer-sell-recreatio…
04/02/2020 - 5:49pm
Santa Clara County shutters recreational marijuana take-out under COVID-19 shutdown
(Cannabis, Recreational) Industry advocates questioned the county's motive, but the county says the shutdown is to protect against coronavirus spread. The post Santa Clara County shutters recreational marijuana take-out under COVID-19 shutdown appeared first on The Cannabist .
https://www.thecannabist.co/2020/04/02/santa-clara-county-shutters-recreational-…
04/02/2020 - 5:00pm
Infographic: Odorless Cannabis the Latest in Cultivation Technology
(Cannabis, CBD, Development, Exploring, Growing, Investing, Investment, Investors, Legalization, Manufacturing, Medical Marijuana, Production, Products, Recreational, Research, Recreational Cannabis, Pharmaceuticals, Cultivation, Security) CannabCo believes its PureCann technology has the potential to create a new odorless cannabis segment within the cannabis industry. As the legalization of cannabis continues to open up new markets, the global cannabis marketplace is projected to grow to reach US$73.6 billion by 2027, according to Grand View Research . The medical segment of the cannabis market grew the most in 2019, growing by 71 percent as cannabis was embraced as a legitimate medical product for treating conditions including cancer, arthritis, Parkinson’s disease, Alzheimer’s disease, chronic pain and inflammation. The emergence of cannabis as both a recreational product and a critical component of a number of medicines has contributed to the increase in research and development conducted in the cannabis space. While cannabidiol and the emergence of CBD-based treatments have dominated the medical cannabis segment, the recreational cannabis space has begun to experience its own influx of improvements as legal...
https://investingnews.com/innspired/infographic-odorless-cannabis-latest-in-cann…
04/02/2020 - 4:14pm
Illinois Recreational Cannabis Sales Topped $35 Million in March
(Cannabis, Illinois, Recreational, United States, Recreational Cannabis) Last month, adult-use marijuana sales in Illinois continued to surge.
https://hightimes.com/news/illinois-recreational-cannabis-sales-topped-35-millio…
04/02/2020 - 4:10pm
Recreational Marijuana Sales Stay High Despite Coronavirus - Patch.com
(Cannabis, Legalization, Medical Marijuana, New York, Recreational, United States) Recreational Marijuana Sales Stay High Despite Coronavirus Patch.com Marijuana Legalization Won't Happen in New York in 2020 Market Realist Advocates press Baker to reopen marijuana shops The Daily News of Newburyport Adult-use marijuana sales remain high at $35.9 million in March MyWebTimes.com Getting a medical marijuana card is easier than you think The Boston Globe View Full Coverage on Google News
https://patch.com/illinois/across-il/recreational-marijuana-sales-increase-despi…
04/02/2020 - 4:03pm
Recreational Marijuana Sales Increase Despite Coronavirus
(Cannabis, Products, Recreational) During the first quarter of adult-use cannabis sales, nearly $110 million of marijuana products were sold. Total tax revenue numbers were not ...
https://patch.com/illinois/across-il/recreational-marijuana-sales-increase-despi…
04/02/2020 - 4:01pm
Idaho Activists Suspend Campaign To Legalize Medical Marijuana Due To Coronavirus
(Arizona, California, Cannabis, Events, Idaho, Legalization, Medical Marijuana, Mississippi, Missouri, Nebraska, New York, Oregon, Recreational, South Dakota, United States, Washington, THC) A campaign to put a medical marijuana initiative on Idaho’s November ballot announced on Thursday that it is suspending its signature collection efforts due to the coronavirus pandemic. It’s the latest in a series of drug policy reform campaign cancellations in recent weeks. Activists across the country have been left virtually helpless to qualify measures as governments continue to impose restrictions on public gatherings, encourage social distancing and issue shelter-in-place orders amid the COVID-19 outbreak. The Idaho Cannabis Coalition said that volunteers will no longer be conducting in-person signature gathering, and that will likely leave the campaign without enough signatures to make the ballot. They had to collect 55,057 by May 1 to qualify. Additionally, the state requires that initiatives receive signatures from six percent of registered voters from a majority of legislative districts. What that means is “the odds are against Idahoans being able to vote on medical...
https://www.marijuanamoment.net/idaho-activists-suspend-campaign-to-legalize-med…
04/02/2020 - 3:44pm
ACB, GTBIF
What’s The Deal With The Cannabis Industry?
(ACB, Aurora Cannabis Inc., Canada, Cannabis, Events, Green Thumb, Growing, GTBIF, Investments, Investors, Recreational, Stocks, Recreational Cannabis) Marijuana stocks have been incredibly up and down in the past two weeks. Last week’s trading saw many leading pot stocks , up by substantial amounts. This growth was not so much the market’s fault, but rather a symptom of the trading hysteria that we have seen amongst all world markets in the past month. There are two reasons that we can directly attribute the market’s recent growth. For one, many investors have been taking Warren Buffett’s advice. Buy low, and when it goes lower, buy more. That may not be a direct quote, but the message states that prices are always going to fluctuate. If there is a massive drop, there are usually investors willing to come in to buy cheap and hold for the near future. [Read More] Can These Ancillary Pot Stocks Keep Up With the Rest? The second reason is that many believe in the long term of the cannabis industry . Projections continue to highlight multi-billion growth for the next decade long period. Because of this, investors see this as a good time...
https://marijuanastocks.com/whats-the-deal-with-the-cannabis-industry/
04/02/2020 - 3:05pm
Illinois Stores Sold Nearly $36 Million Worth Of Recreational Marijuana In March, Despite Coronavirus
(Cannabis, Facilities, Grower, Illinois, Massachusetts, Medical Marijuana, Products, Recreational, Regulations, United States, Washington, Dispensaries, Cultivation) Even amid the coronavirus pandemic, Illinois marijuana shops sold almost $36 million in cannabis products in March, according to a report from the state Department of Financial and Professional Regulation released on Thursday. More than 812,000 adult-use marijuana products were sold in the 31-day period. While the majority of those sales ($27 million) came from in-state buyers, out-of-state visitors accounted for about $8.8 million. By comparison, Illinois sold about $35 million worth of cannabis in February and nearly $40 million during its first month of sales in January. “Three straight months of consistent adult use cannabis sales show there is—and will continue to be—strong support and demand from consumers,” Toi Hutchinson, the state’s cannabis czar, said in a press release. The notice also talks about marijuana policies during the COVID-19 outbreak , which has shuttered non-essential businesses across Illinois and the country. Gov. J. B. Pritzker (D) signed an order deeming...
https://www.marijuanamoment.net/illinois-stores-sold-nearly-36-million-worth-of-…
04/02/2020 - 2:08pm
Illinois weed pot recreational marijuana sales steady in March - Crain's Chicago Business
(Cannabis, Illinois, Recreational, United States) Illinois weed pot recreational marijuana sales steady in March Crain's Chicago Business
https://www.chicagobusiness.com/marijuanacannabis/weed-sales-held-steady-march
04/02/2020 - 2:00pm
Weed sales held steady in March
(Cannabis, Recreational) Demand for recreational marijuana remains higher than supply, which still hasn't caught up to the exponential increase in customers. Sales in March ...
https://www.chicagobusiness.com/marijuanacannabis/weed-sales-held-steady-march&c…
04/02/2020 - 1:54pm
Illinois recreational marijuana sales total nearly $110 million since January - Chicago Sun-Times
(Cannabis, Illinois, Recreational, United States) Illinois recreational marijuana sales total nearly $110 million since January Chicago Sun-Times
https://chicago.suntimes.com/cannabis/2020/4/2/21204617/illinois-recreational-po…
04/02/2020 - 1:41pm
Illinois dispensaries sold $36 million worth of recreational marijuana in March. Here’s how that stacks up to sales before the coronavirus pandemic. - Herald & Review
(Cannabis, Illinois, Recreational, United States, Dispensaries) Illinois dispensaries sold $36 million worth of recreational marijuana in March. Here’s how that stacks up to sales before the coronavirus pandemic. Herald & Review
https://herald-review.com/illinois-dispensaries-sold-36-million-worth-of-recreat…
04/02/2020 - 12:52pm
IRS Rejects Watchdog Recommendation To Provide Marijuana Business Tax Guidance
(Banking, Cannabis, Compliance, Consulting, Law, Media, Medical Marijuana, Recreational, Tracking, United States, Washington, Financial Services) A new Treasury Department internal watchdog report criticizes the Internal Revenue Service (IRS) for failing to adequately advise taxpayers in the marijuana industry about compliance with federal tax laws. In its review of IRS policy with respect to cannabis businesses, the Treasury Inspector General for Tax Administration (TIGTA) found that IRS is missing millions of dollars in tax assessments in state-legal markets and that taxpayers experience a significant impact due to an federal tax code known as 280E that prevents marijuana companies from making business deductions that are available to other industries. Part of the solution, TIGTA said, should be for IRS to “develop and publicize guidance specific to the marijuana industry.” “Such guidance would improve awareness of tax filing requirements for taxpayers in this industry, such as the correct application of” the policy, “which would reduce the burden of tracking inventory for certain small businesses,” the report, which was...
https://www.marijuanamoment.net/irs-rejects-watchdog-recommendation-to-provide-m…
04/02/2020 - 12:33pm
Pressure Mounts on Baker to Reopen Massachusetts Cannabis Stores
(Cannabis, Massachusetts, Recreational, United States, Dispensaries, Recreational Cannabis) Congresswoman Katherine Clark is the latest figure to urge Massachusetts Gov. Charlie Baker to reopen recreational cannabis dispensaries.
https://grizzle.com/baker-reopen-massachusetts/
04/02/2020 - 11:12am
Long lines form outside liquor & marijuana stores after Denver mayor’s coronavirus announcement
(Cannabis, Recreational) 1/23/20–Dozens of people stood in line outside Argonaut’s, a liquor store in Denver, following Mayor Michael Hancock’s announcement issuing a stay-at-home order which first listed liquor stores and recreational marijuana shops as non-essential. Read
https://themarijuanareport.org/long-lines-form-outside-liquor-marijuana-stores-a…
04/02/2020 - 10:34am
Oklahoma Lawmaker to Begin Work on Cannabis Legalization Bill
(Cannabis, Legalization, Oklahoma, Recreational, United States) Oklahoma Rep. Scott Fetgatter has announced plans to begin work on an adult-use cannabis legalization bill, saying a taxed and regulated market would provide a new source of revenue for the state in the wake of the COVID-19 pandemic, according to a Tulsa World report .“If you did a full-access program and put the revenue in the general revenue fund, relieve some of the taxes on the medical program, the medical patients and put the tax over on the recreational side, you could potentially add $100 million to the budget,” Fetgatter told the news outlet.Several groups are competing to bring adult-use cannabis legalization initiatives to Oklahoma’s November 2020 ballot in the form of SQ 807 , SQ 808 and SQ 811 , but Fetgatter has indicated that the petitions will likely be unsuccessful, especially in the wake of the coronavirus outbreak.Fetgatter told Tulsa World that “it’s very early in the conversation,” but that he wants to create “a program that functions” in the state.]]>
http://www.cannabisbusinesstimes.com/Article/oklahoma-lawmaker-to-begin-work-on-…
04/02/2020 - 10:03am
Study suggests marijuana may impair female fertility
(Cannabis, Recreational) Marijuana, or cannabis, is the most commonly used recreational drug by people of reproductive age. The rise in marijuana use has occurred at the same ...
https://www.eurekalert.org/pub_releases/2020-04/tes-ssm040220.php&ct=ga&cd=CAIyG…
04/02/2020 - 9:34am
CHMJF
Chemistree Provides Sugarleaf – Washington Update COVID-19 Response and Operations Update
(Banking, Canada, Cannabis, Chemistree Technology Inc., CHMJF, Compliance, Distribution, Events, Facilities, Investing, Investment, Investors, Law, Management, Manufacture, Medical Marijuana, Monitoring, Packaging, Processing, Products, Recreational, Regulations, United States, Vertically Integrated, Washington, Licensee, Recreational Cannabis, Cultivation, Security) Chemistree Technology Inc. (CSE: CHM and CHM.wt) (US OTCQB:CHMJF) (the “Company” or “Chemistree”), wishes to provide stakeholders with an update on the Company’s Washington State assets. Currently, it is business as usual at Sugarleaf’s cultivation facility during the COVID-19 pandemic while strictly adhering to the Washington State Liquor and Cannabis Board (WSLCB) guidelines. At this time, the WSCLB has clarified the position that cannabis producers, processors, and retailers are considered essential and not required to close due to the coronavirus restrictions. Chemistree is closely monitoring the situation and receiving weekly reports from the general manager of the Washington State licensee partner, detailing ongoing operations and market conditions. Sugarleaf general manager Travis Royce commented, “I am gratified with the way our company and staff have come together and dealt with the current state of affairs. While the situation is not in any way ideal, we have a single...
https://investingnews.com/daily/cannabis-investing/chemistree-provides-sugarleaf…
04/02/2020 - 9:02am
Congresswoman Wants Recreational Marijuana Stores Open To Serve Veterans Amid Coronavirus Outbreak
(Cannabis, Law, Loans, Massachusetts, Medical Marijuana, Products, Recreational, United States, Washington, Dispensaries, Recreational Cannabis) A congresswoman is raising concern that a U.S. Department of Veterans Affairs (VA) policy prohibiting its doctors from recommending medical marijuana to patients means that military veterans could be especially impacted by her home state’s decision to shut down recreational cannabis shops amid the coronavirus outbreak. Rep. Katherine Clark (D-MA) raised the issue in a tweet, linking to a story about a veterans advocacy group that is calling on Massachusetts Gov. Charlie Baker (D) to reopen adult-use shops so that veterans can continue to obtain marijuana products more readily and without fear of being penalized. While medical cannabis dispensaries remain open in the state, the Veterans Cannabis Project said service members often resist registering as patients out of concern about losing federal benefits. Getting certified as medical cannabis patients can also take time and money that many veterans don’t have. In contrast, any adult over 21 years of age can walk into a recreational...
https://www.marijuanamoment.net/congresswoman-wants-recreational-marijuana-store…
04/02/2020 - 8:09am
SPRWF
The Supreme Cannabis Company, Inc. (SPRWF) Completes First Shipment to Israel and Provides Corporate Update
(Canada, Cannabis, CBD, Compliance, Containers, Development, Events, Facilities, Food, Growing, Investments, Israel, Manufacturing, Medical Marijuana, Processing, Product Testing, Production, Products, Recreational, SPRWF, Stocks, Testing, Vaporizers, Cultivation) Supreme Cannabis Completes First Shipment to Israel and Provides Corporate Update The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (FIRE.TO) (SPRWF) (53S1.F) today announced the completion of its first international cannabis shipment from Canada into Israel . Supreme Cannabis partnered with Breath of Life International Ltd. (“BOL Pharma”), Israel’s largest and leading producer of medical cannabis and cannabis products, to offer Truverra-branded premium medical cannabis to patients in Israel . “This transaction represents a new international revenue opportunity for Supreme Cannabis and builds Truverra’s global medical brand in one of the most sophisticated medical cannabis markets in the world,” said Colin Moore , Interim President and CEO of Supreme Cannabis. “With the support of BOL Pharma, we navigated both Canada and Israel’s complex regulatory landscapes to achieve compliance with regulatory authorities in both countries, including Health Canada, the...
https://marijuanastocks.com/sprwf-completes-first-shipment-to-israel-and-provide…
04/02/2020 - 7:46am
Virus Likely Dooms Missouri Recreational Marijuana Campaign - ksisradio.com
(Cannabis, Missouri, Recreational, United States) Virus Likely Dooms Missouri Recreational Marijuana Campaign ksisradio.com
https://ksisradio.com/virus-likely-dooms-missouri-recreational-marijuana-campaig…
04/02/2020 - 3:50am
South Bay cannabis shops can no longer sell recreational weed on-site under
(Cannabis, Recreational) submitted by /u/Hollygrill [link] [comments]
https://www.reddit.com/r/weedstocks/comments/fti94b/south_bay_cannabis_shops_can…
04/02/2020 - 3:02am
53% of Americans Agree That Dispensaries Are “Essential” Amid Virus
(Arizona, Cannabis, Medical Marijuana, Recreational, United States, Dispensaries) According to a new survey by YouGov, a majority of Americans believe that medical marijuana dispensaries should be deemed “essential services” and therefore remain open during the current “stay-at-home” lockdowns due to the coronavirus (COVID-19) pandemic. “Most Americans (53%) believe medical marijuana dispensaries should be considered essential services,” YouGov said. The survey data also found that 26% of people believe medical marijuana dispensaries “should not be considered essential services” while 21% said they “don’t know.” Many states have imposed stay-at-home orders on their residents to slow the spread of coronavirus. Fortunately, thus far, every state has deemed medical marijuana dispensaries essential because they provide medicine to people. Some states have even deemed recreational dispensaries essential because cannabis can help people cope with anxiety and depression. “Democrats (62%) are more likely than Independents (52%) and Republicans (43%) to say this.” The post...
https://azmarijuana.com/marijuana-news/53-of-americans-agree-that-dispensaries-a…
04/02/2020 - 1:45am
Oklahoma Senator To Pen Recreational Cannabis Bill To Try & Plug Coronavirus Revenue Gap
(Cannabis, Exploring, Oklahoma, Recreational, United States, Recreational Cannabis) An Oklahoma lawmaker confirmed he will begin work on a bill that would allow adult use of recreational cannabis, saying the idea is “worth exploring” … Read More...
https://cannabislaw.report/oklahoma-senator-to-pen-recreational-cannabis-bill-to…