Sep 11 2024

New York Approves Another 123 Marijuana Business Licenses, Sees Record-Breaking $100 Million in August Sales

New York state regulators approved an additional 123 cannabis business permits on Tuesday, marking another step forward for the state’s legal marijuana industry as sales continue to grow rapidly after years of stagnation.

The approval of the new licenses comes alongside a record-breaking $100 million in marijuana sales for August, which included the last few days of July, according to officials from the state’s Office of Cannabis Management (OCM).

With the market gaining momentum after a sluggish start, state officials now anticipate that New York’s regulated marijuana sales will exceed $450 million by the end of 2024, reports MJBizDaily. John Kagia, OCM’s director of policy, emphasized the positive trajectory, stating, “We are cooking with gas,” at a state Cannabis Control Board meeting.
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Sep 11 2024

Ohio Marijuana Dispensary Fined $150,000 for Ice Cream Giveaway on First Day of Recreational Sales

A marijuana dispensary in Columbus has been fined $150,000 after offering “free ice cream” to customers on the first day of adult-use sales, a marketing tactic that violated state regulations.

(Photo credit: Susan Post).

Greenleaf Apothecaries, also known as The Botanist, is one of several Ohio dispensaries fined since adult-use sales began in August. The dispensary advertised the giveaway on social media on August 6 and brought an ice cream truck to its property.

Altogether, fines across several companies exceeded $200,000, with The Botanist’s Columbus location by far receiving the largest share.
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Sep 11 2024

University of Lynchburg in Virginia Expands Cannabis Education With Four New Online Programs

The University of Lynchburg has introduced four new online programs for cannabis education majors, expanding its offerings through a partnership with Green Flower.

(Photo credit: University of Lynchburg).

The virtual Cannabis Healthcare and Medicine program, initially launched earlier in 2024, now features five tracks: Cannabis Healthcare & Medicine, Cannabis Agriculture & Horticulture, the Business of Cannabis, Cannabis Compliance & Risk Management, and Cannabis Product Development & Design.

All programs are available without prerequisites, and classes begin every eight weeks. Registration is currently open until Monday, September 16 at a cost of $495 per program.
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Sep 11 2024

California Bill to Legalize Marijuana Cafés Awaits Governor Newsom’s Decision, Deadline Sept. 30

California legislation that would legalize Amsterdam-stye marijuana cafés has reached the desk of Governor Gavin Newsom.

Assembly Bill 1775, approved by the Assembly 58 to 6 and by the Senate 30 to 7, would “authorize a local jurisdiction, if specified conditions are met, to allow for the preparation or sale of noncannabis food or beverage products, as specified, by a licensed retailer or microbusiness in the area where the consumption of cannabis is allowed, and to allow, and to sell tickets for, live musical or other performances on the premises of a licensed retailer or microbusiness in the area where the consumption of cannabis is allowed.”

Currently, California law prohibits cannabis consumption lounges from selling freshly prepared food, a restriction many consider unnecessary. A November 2022 rule change permitted lounges to offer prepackaged food and beverages, but the sale of freshly made food or ready-to-drink beverages remains prohibited.
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Sep 11 2024

Study Links Marijuana Legalization to Decrease in Anxiety Medications

A new study published in JAMA Network Open reveals that the legalization of cannabis, whether medical or recreational, is associated with significant changes in the use of prescription medications for mental health disorders.

Anxiety pills.

The study, which analyzed data from over 9.4 million commercially insured patients, found a notable reduction in the dispensing of benzodiazepines—medications commonly used to treat anxiety—following increased access to cannabis.

According to the study’s abstract, “Medical cannabis laws were associated with a 12.4% reduction in the benzodiazepine fill rate,” while recreational cannabis laws led to a 15.2% reduction. These decreases indicate that more people may be substituting cannabis for medications that carry risks of dependency and severe side effects, such as respiratory depression.
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Sep 11 2024

In Groundbreaking Deal, USC Trojans Partner With Cannabis Company

The University of Southern California (USC) Trojans have become the first athletic department to sign a sponsorship agreement with a cannabis company.

According to Business Wire, the University of Southern California (USC) Trojans have formed a groundbreaking partnership with Cookies, a cannabis and wellness brand based in California. This unique deal marks the first time a program has partnered with a cannabis company.

Cookies will sponsor the football team as well as the men’s and women’s basketball teams. In a statement, Cookies CEO Berner expressed excitement about working with such a prestigious athletic department in California.
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Sep 11 2024

Ascend Opens Fifth Marijuana Dispensary in Pennsylvania, Its 39th Nationwide

Ascend Wellness Holdings, Inc., a multi-state, vertically integrated cannabis operator, announces the opening of its fifth medical dispensary in Pennsylvania, located in Whitehall.

This expansion marks Ascend’s 39th location across its seven-state footprint, which “underscores the Company’s dedication to serving the growing medical market in Pennsylvania”, according to a press release. Ascend currently operates four additional stores in Cranberry, Monaca, Scranton, and Wayne.

Ascend Dispensary Outlet Whitehall will welcome patients in the greater Allentown area with a wide-ranging selection of curated, top-shelf medical marijuana products, including whole flower products, vaporizers, concentrates, ingestibles, topicals, and accessories.
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Sep 11 2024

New York Cannabis Control Board Unveils Grant Program for Marijuana Businesses

The New York State Cannabis Control Board held a meeting on Tuesday to provide updates on licensing and new initiatives to assist business owners.

Currently, over 800 adult-use licenses have been issued to cultivators, processors, distributors, and retail dispensaries throughout the state. At least 20 of these licenses were granted in the past month.

During Tuesday’s meeting, the board introduced its CAURD grant program, aimed at supporting adult-use marijuana businesses. Under the program, businesses may qualify for up to $30,000 for equipment and other operational needs.
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Sep 11 2024

Michigan: Legal Marijuana Sales Top $294 Million in August, Year-to-Date Sales Near $2 Billion

There was nearly $300 million worth of marijuana sold legally in Michigan in August, with the year-to-date total nearing $2 billion.

According to data released by the Michigan Cannabis Regulatory Agency, there was $294 million worth of legal marijuana sold in August throughout Michigan. This is a roughly $7 million increase from the $287 million sold in July, and it marks an over 5% increase from the sales totals for August 2023.

The year-to-date total for marijuana sales in Michigan is now around $1.9 billion.
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Sep 10 2024

Maine Issues First-Ever Marijuana Recall

Maine’s Office of Cannabis Policy (OCP) has issued its first-ever product recall after certain items from the brand Cannabis Cured failed testing for yeast and mold contamination.

The photo above shows the product packaging for the Portal 1-gram pre-rolls sold in 5-packs. Emphasis has been added to the photo to show where on the label consumers can find their product’s batch number.

“On September 10, 2024, the Office of Cannabis Policy issued a mandatory recall for select adult use flower and pre-rolls produced by Cannabis Cured due to the presence of yeast and mold above the pass/fail threshold”, states the OCP on their website. “The products were sold at eight adult use retail stores in Maine between August 27, 2024, and September 9, 2024.”

The recall applies to pre-rolls from the GG-4 and Portal strains, along with both pre-rolls and flower from the Jelly Donutz strain. These products were sold at retail outlets  in Bangor, Carrabassett Valley, Eliot, Fairfield, Stratton, Thomaston, Damariscotta, and Northport.
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