marijuana
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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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…
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Illinois marijuana revenue in 2021 will likely more than double that of 2020, but high taxes keep illegal drug dealers thriving. November 2021 was the ninth consecutive month with over $100 million in marijuana sales in Illinois dispensaries, according to new state data. Illinois surpassed the 2020 sales total of $669 million in June this year. Despite the…
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From Chicago Tribune: Recreational marijuana sales in Illinois set another record in May with more than $116 million of weed sold, the Illinois Department of Financial and Professional Regulation reported Wednesday. That tops last month’s record by $1.4 million, and is up 163% from May 2020. Last month, the state’s 110 dispensaries sold more than…
Read Full Article November 21, 2024
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