cannabis
In less than two years of selling legal recreational weed, Missouri’s cannabis market has grown to $1.4 billion — outperforming states with a longer history of marijuana legalization like Arizona, Colorado and Nevada. “Those are mature marketplaces, and you are surpassing them,” said Laurie Parfitt, CEO at LKP Impact Consulting. “Missouri is doing amazing things,…
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Marijuana companies face a hard deadline to meet Missouri’s new plain packaging requirements on Sept. 1 — more than a year after the rule was initially put in place. For decades, there’s been a global movement urging “plain packaging” on tobacco products — or packaging with limited colors and frills — after numerous studies found it makes…
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QUINCY – Quincy Police arrested a man on the city’s west side on multiple charges, including failure to register as a sex offender. At about 7:30 p.m. Thursday, QPD Detectives were conducting address checks of sex offenders and received information that registered sex offender Antonio R. Crowder, 28, was not living at his registered address…
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QUINCY — Quincy Police arrested a woman on the city’s south side Wednesday night when they discovered a large quantity of cannabis, firearms and ammunition. At 9:30 p.m. Wednesday, Police arrested Daeshawna Stanbridge, 24, at her 1130 Adams residence. During the search officers found copious amounts of contraband. Stanbridge was taken to the Adams County…
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CHICAGO – The Illinois Department of Financial and Professional Regulation (IDFPR) announced today that adult use cannabis sales set a new annual record in 2023, exceeding $1.6 billion. Records were also set in sales to in-state residents and the number of items sold, with that total increasing more than 15 percent compared to 2022. Sales taxes…
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JEFFERSON CITY, Mo. — A St. Louis lawmaker is demanding that Missouri regulators investigate what she called an “egregious exploitation” of social cannabis equity licenses, following a report by The Independent last week about a company that recruited out-of-state license applicants on Craigslist. State Sen. Karla May, a St. Louis Democrat, sent a letter on Thursday to the state’s…
Read Full Article For decades, there’s been a global movement urging “plain packaging” on tobacco products — or packaging with limited colors and frills — after numerous studies found it makes cigarettes less appealing to young people. Missouri will soon be a testing ground to see if plain packaging has the same impact for recreational marijuana. When voters passed the constitutional…
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QUINCY — What was Quincy’s first “home-grown” cannabis dispensary is now officially sold. Herbal Remedies, with locations at 4440 Broadway and 1837 Broadway, was acquired by Ayr Wellness for $30 million. The sale was first announced in July 2021. “We are thrilled to finalize the acquisition of Herbal Remedies, strengthening our operational footprint with the…
Read Full Article www.mjbizdaily.com CHICAGO — A group calling itself True Social Equity in Cannabis sued three marijuana multistate operators and an ancillary company in Illinois federal court, claiming the four constitute a “Chicago cartel” linked by the wealthy Pritzker, Wrigley and Kovler families. The nine-page lawsuit was filed this week in U.S. District Court for the Northern District of…
Read Full Article Illinois’ cannabis dispensaries are noticing a steady drop in sales after record-setting sales in December. High prices and a lack of supply likely push customers to street dealers. Recreational marijuana in Illinois set record sales for nine consecutive months, up until January and February 2022. February’s haul of $114 million was the lowest since last March. Price matters…
Read Full Article December cannabis sales broke monthly sales records with $137.9 million sold and Illinois cannabis stores doubled sales over the prior 12 months. Monthly sales totals for all of 2021 published Monday by the Illinois Department of Financial and Professional Regulation showed nearly $1.4 billion sold. That’s more than double the $669 million sold in 2020. December sales…
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The local company that first brought medical marijuana, then recreational marijuana, to Quincy has been sold to a company that owners say can compete better in a tough market. Bob Lansing and Christine Wildrick sold Herbal Remedies to Ayr Wellness, based out of New York City, for $30 million. Lansing said as he approaches age…
Read Full Article November 21, 2024
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