In States Around the U.S., Cannabis Sales Are Booming: Week in Review
As more states come online and as legal cannabis picks up traction as a normalized segment of the American business sector, consumer interest seems to rise steadily. States like Maryland and Arkansas (in the medical market) and Illinois (with a booming adult-use market) issued updates this week that provide some serious revenue numbers.
In Illinois, in fact, as Assistant Editor Andriana Ruscitto reports, "dispensaries and wholesalers had to adjust daily operations to effectively manage the influx of sales.”
Not a bad problem to have.
We’ve rounded up some of the key cannabis headlines from the week right here.
And elsewhere on the web, here are the stories we’ve been reading this week:Miami Herald: “A high-profile effort to legalize marijuana was all but killed by the Florida Supreme Court Thursday.” Read more Local Coast Outpost: Papa and Barkley Social, “the chic, new-concept cannabis consumption lounge” from the hemp-CBD business, opened in Eureka, Calif. Read more Yahoo! Finance: “Long-time marijuana legalization advocate Rep. Earl Blumenauer (D., Ore.) is optimistic about the chances of ending the federal prohibition of marijuana now that Democrats control both chambers of Congress.” Read more Asbury Park Press: “For the first time since New Jersey legalized marijuana, its constituents had a chance to sound off on the regulators who will oversee it all. The New Jersey Cannabis Regulatory Commission held its second-ever meeting on Thursday, the first time members of the public had their chance to make comments on the state's existing medical marijuana and, eventually, recreational legal weed industries.” Read more North Bay Business Journal: Nicole Elliott, California Gov. Gavin Newsom’s top adviser on cannabis told a 4/20 crowd that, “with California legalizing adult use in 2016, the feds may compromise with a relaxing of rules on interstate commerce — which would essentially allow for transportation of related goods over state boundaries.” Read more
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