MMJ Business Daily

New Jersey bill seeks tax credit program for marijuana businesses

A New Jersey assemblywoman plans to propose a bill that would create a tax credit program for cannabis businesses in urban enterprise zones if the state legalizes recreational marijuana. Democrat Annette Quijano, chair of the Assembly Judiciary Committ…

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Canada’s top medical cannabis brand tries fashionable marketing idea

Tweed, a wholly owned subsidiary of Smiths Falls-based Canopy Growth and an international medical marijuana brand, is taking a new tack to raise awareness in a very restrictive marketing environment – collaborating with some of Canada’s top…

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Rhode Island committee postpones recreational marijuana recommendation

The push to legalize recreational marijuana in Rhode Island hit a snag when a state commission delayed until next year issuing a recommendation that could have advanced the adult-use issue. The commission – a group of medical marijuana patients, …

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Chart: Tourism drives hot start to recreational marijuana sales in Nevada, but where’s the ceiling?

Nevada retailers sold nearly $200 million worth of recreational cannabis since adult-use sales began six months ago, surpassing the total revenue generated by Colorado and Washington state in the early months of their recreational markets. Nevada’s hig…

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NCIA trying to unify state trade associations, but is competition on the horizon?

The National Cannabis Industry Association is poised to roll out an initiative aimed at uniting dozens of state-level trade groups, a move designed to make it easier for member businesses to work together to promote legalization and pro-marijuana polic…

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Global spending on legal cannabis to hit $57 billion by 2027, report says

Worldwide spending on legal cannabis is forecast to reach $57 billion by 2027, led by growth in North America and Europe, according to a new report by Arcview Market Research and BDS Analytics. North America will continue to see the most spending on le…

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Ex-Coke, Coors executive takes reins of Canadian marijuana company

A burgeoning cannabis producer with aspirations of being a global leader has appointed a longtime Coke and Molson Coors executive as its new CEO. Torsten Kuenzlen took the helm of Alberta-based Sundial Growers this week. The move illustrates how Canadi…

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Charges dropped in Tennessee CBD raids, but store owners still angry

Drug charges against 19 business owners selling CBD products in the Nashville suburbs have been dismissed in what hemp advocates are calling a huge win for the state’s new cannabidiol industry. The business owners were accused of selling illegal …

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Charges dropped in Tennessee CBD raids, but store owners still angry

Drug charges against 19 business owners selling CBD products in the Nashville suburbs have been dismissed in what hemp advocates are calling a huge win for the state’s new cannabidiol industry. The business owners were accused of selling illegal …

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Week in Review: Massachusetts recreational marijuana delay, Arkansas’ MMJ growers & hemp victory

Massachusetts defers recreational marijuana delivery and onsite consumption, Arkansas approves five medical cannabis cultivators, and Washington state grants its floundering hemp program a reprieve. Here’s a closer look at some notable developments in …

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