Culta, a Maryland producer of craft cannabis and extracts, announced Monday the release of a new strain of medical marijuana and expanded its inventory to other dispensaries statewide. Culta is the exclusive cultivation, manufacturing, and distribution partner in Maryland for Cookies, the San Francisco-based cannabis company. The two brands habve partnered to release a new strain, Sticky Buns, [...]
Annual retail sales in Maryland's cannabis industry reached $366 million at the end of July, surpassing total sales for all of 2019 with more than a third of the year still to go. July also marked the first month in the state industry's short history that total retail sales surpassed $40 million in a single [...]
The State of Maryland will soon usher in regulatory changes designed to boost security at marijuana businesses while reducing implementation headaches and costs. The sweeping changes to cannabis security arrive on September 1 as the state clarifies off-site video archiving requirements. The revised regulations no longer require licensees to store video surveillance recordings at both [...]
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading vertically integrated cannabis operator in the U.S., today reported its financial and operating results for the second quarter ended June 30, 2020. All financial information is provided in U.S. dollars unless otherwise indicated. Read more via New Cannabis Ventures
Effective October 1, 2020, the Maryland Secretary of State will include cannabis products and cannabis services among those entitled to Maryland trademark and service mark registration. The Maryland General Assembly passed legislation this year to create this expansion. Federal trademark protection under the Lanham Act is still prohibited for cannabis, so what does this mean for Maryland [...]
In December 2019, the industry’s mood was cautiously optimistic. Although cannabis stocks had collapsed and capital dried up, there was reason for optimism: A dozen states had legalization bills on the docket, and the SAFE Banking Act seemed about to pass in Congress. A few months later, the coronavirus pandemic put almost all legislative efforts on hold, [...]
A new Congressional Research Service report says a “decline in U.S. demand for Mexican marijuana” is partly “due to legalized cannabis or medical cannabis in several U.S. states and Canada, reducing its value as part of Mexican trafficking organizations’ portfolio.”Marijuana Moment analyzed last week’s House of Representatives vote to protect state cannabis laws from federal interference, including an [...]
A Democratic senator filed a new bill to federally legalize marijuana on Thursday, creating yet another potential avenue through which Congress could enact the policy change. This piece of legislation, sponsored by Sen. Tina Smith (D-MN), would remove cannabis from the Controlled Substances Act and direct several federal agencies to develop regulations for the plant. [...]
American marijuana businesses could pump up to $130 billion on an annual basis into the U.S. economy by 2024, a staggering figure that highlights the true reach of the nation’s cannabis industry. Estimates published in the newly released Marijuana Business Factbook show the total economic impact of legal cannabis sales increasing from $38 billion-$46 billion in 2019 [...]
With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total marijuana sales now exceed the National Basketball Association’s annual U.S. revenue and, by 2024, could surpass Americans’ annual spending on craft beer. Read more via [...]
