Posts Tagged ‘marijuana revenue’
Canada’s struggle to supply legal weed described as ‘national shortage’ that could last months
After pot companies’ earnings show small initial sales, British Columbia says five large producers likely unable to meet demand well into 2019. After more than a month of legal recreational marijuana sales in Canada, provinces say stores are still having trouble procuring enough pot from producers that have built large valuations on promises of selling…
Read MoreMore millennials are choosing cannabis over booze
The beverage industry is evolving, as many young people find marijuana a cheaper alternative. Millennials are more likely to buy marijuana products if they’re marketed as a ‘lifestyle brand,’ one trend forecaster found. Jena, a 27-year-old business operations employee based in Chicago, has consumed alcohol socially for nearly a decade. In recent months, however, she…
Read MoreCalifornia Senate passes bill to create banks for pot businesses
A cashier counts a marijuana business owner’s cash tax payment at the California Department of Tax and Fee Administration in Oakland. A state-chartered bank for California cannabis businesses, under consideration in the Legislature, would allow licensed merchants to write checks to pay taxes rather than use large amounts of cash. The state Senate passed a…
Read MoreVaping. The small, cheap device that’s disrupting the $7 billion legal cannabis business.
A simple, inexpensive piece of tech is upending the burgeoning marijuana industry. Behold: The small, cheap device that’s disrupting the $7 billion legal cannabis business. This tiny combination of plastic, glass, and metal is a disposable cannabis oil cartridge. It costs anywhere from $30 to $70 (depending on the oil inside), is easily carried in…
Read MoreNevada governor declares a state of emergency because the state is running out of weed.
Recreational marijuana became legal to purchase in Nevada last week, and as one might expect of the state home to a place colloquially known as “Sin City,” there was a market for the drug. Quite a big market, in fact. So big that the state is already running out of weed, forcing the governor to…
Read MoreWhy pot industry will keep growing under Trump
President-elect Donald Trump has publicly supported medicinal legalization of cannabis products and indicated support for states’ rights to set their own rules on adult use. Nevertheless, some investors fear that the fast-growing industry could suffer a setback with many of Trump’s closest advisers having voiced opposition to legalization. Some worry that U.S. Sen. Jeff Sessions…
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