Anthony Martinelli is Founder and Editor-in-Chief of The Marijuana Herald, a daily marijuana news and information website that launched in 2018. You can reach Anthony at [email protected].
Anthony Martinelli
Author's posts
Dec 16 2024
Ohio: $338 Million in Legal Marijuana Sold Since August 7, Garnering $40 Million in Taxes
Updated data released today by the Ohio Division of Cannabis Control (DCC) shows that since the start of recreational sales on August 7, there’s been over $338 million in marijuana sales. According to the DCC, licensed marijuana stores sold $338,997,057 worth of product between August 7 and December 14, spread across 4,177,377 different transactions. These …
Dec 16 2024
Cannabis Bioscience International Holdings Files Petition to Include Alexis Bortell as Witness in DEA Rescheduling Hearing
Cannabis Bioscience International Holdings (CBIH) is formally petitioning to have Ms. Alexis Bortell, long-time cannabis advocate and patient, to serve as a witness in the upcoming DEA hearing on marijuana rescheduling. According to a press release sent today by CHIH, Alexis Bortell has been a leading voice in the fight for medical cannabis access since …
Dec 16 2024
New Jersey Doubles Marijuana Social Equity Fee, Announces January Start for Cannabis Lounge Applications
The New Jersey Cannabis Regulatory Commission (CRC) has approved increase in the state’s social equity excise fee (SEEF), and introduced an application process for cannabis consumption lounges. Starting January 1, 2025, the SEEF will increase from $1.24 to $2.50 per ounce. Revenue from this fee is directed toward programs supporting education, economic development, and social …
Dec 16 2024
LEEF Brands Becomes First Publicly Traded Cannabis Company to Integrate Bitcoin via $5M Debenture Offering
LEEF Brands, Inc., a publicly traded cannabis company, is making history as the first in the industry to adopt Bitcoin as a treasury reserve asset. The company has announced a private placement offering of up to $5 million in Bitcoin-backed convertible debenture units. Canaccord Genuity will act as the lead agent for the offering, which …
Dec 16 2024
New York Regulators Consider Limit of 1,600 Marijuana Retail Licenses
Regulators in New York are weighing a recommendation to temporarily limit the number of marijuana retail licenses to 1,600. The suggestion comes from the Cannabis Advisory Board (CAB), which voted Friday to send the nonbinding proposal to the state Cannabis Control Board (CCB), according to a report originally published by MJBizDaily. CAB Chair Joseph Belluck …
Dec 16 2024
Senate Democrats Push Schumer to Hold Standalone Vote on SAFER Banking Act Before Losing Majority Leader Role
A group of Senate Democrats are pressing Majority Leader Chuck Schumer to hold a standalone vote on the SAFER Banking Act immediately, according to staffers from two Senate offices. The SAFER Banking Act, which seeks to provide marijuana businesses that are legal under state law with access to financial institutions, has stalled in the Senate, …
Dec 15 2024
California Marijuana Sales Total $346 Million in November, Over $3.8 Billion Year-to-Date
There was $346 million in marijuana and marijuana products sold in California during November. Marijuana sales in California remained steady in November, with the $346 million in sales representing a slight 0.5% decrease compared to November 2023 and nearly identical to the $345.5 million sold last month. This is according to data released by the …
Dec 14 2024
Report: Massachusetts Surges to Third in U.S. Pre-Roll Sales, Tops $317 Million in a Year and $1.2 Billion Since Market Launch
Massachusetts now ranks third nationwide for pre-roll revenue, trailing only California and Michigan, according to data from Headset. Massachusetts prerolls sales reached $317 million in revenue from December 2023 to November 2024. This achievement is notable given Massachusetts’ modest population size, ranking 16th in the United States. Since the state launched its recreational marijuana market …
Dec 14 2024
Vermont: $11.86 Million in Marijuana Sold in October, $116 Million in 2024
There was just shy of $12 million in legal marijuana sold in Vermont in October. Data released by the Vermont Department of Taxes shows that there was $11.86 million in total marijuana sales in October, garnering the state $1.66 million in taxes. Sales were slightly less than, but roughly on par with, the $12.06 million …
Dec 14 2024
New Washington House Bill Proposes Shifting Marijuana Licensing to Department of Agriculture
Washington State Representative Kristine Reeves (D) has prefiled legislation for the 2025 session that would move control of marijuana licensing away from the Liquor and Cannabis Board. House Bill 1067 seeks to transfer licensing and regulatory authority for marijuana production, processing, and testing from the Liquor and Cannabis Board to the Department of Agriculture. This …
