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Chart: Illinois’ new adult-use marijuana market to attract fierce competition

The start of the new year will launch a flurry of activity for Illinois’ recreational cannabis industry, a sizable new market that will unleash stiff competition for business licenses and could eventually reach $2.5 billion in annual sales. On Jan. 1, recreational sales will begin through existing medical marijuana dispensaries in the state. The next […]

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2019’s top US cannabis business stories: Vape crisis, California MJ industry challenges, landmark legalization moves & more

The U.S. cannabis industry experienced some momentous moves forward on the legalization front in 2019, but it also faced significant obstacles that reflected how the licensed marijuana sector is continuing to mature and why it cannot always expect boom times and unfettered growth. The top page views of the year at Marijuana Business Daily show […]

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Week in Review: Aurora Cannabis execs depart, Curaleaf raises $275M in debt, IL readies for adult-use MJ sales & more

Aurora Cannabis loses two of its most important executives at a crucial time as the company continues to struggle,?Curaleaf secures $275 million in debt from a group of lenders,?Illinois recreational marijuana retailers get ready for large customer turnout and high demand for New Year’s Day launch –?and more of the week’s top MJ business news. […]

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Illinois marijuana retailers in potential $2B market expect long lines, possible supply shortages as adult-use sales kick off Jan. 1

Illinois cannabis retailers are thrilled at the prospect of large crowds of customers and high demand at 6 a.m. CT New Year’s Day, which is when state lawmakers said several stores can begin adult-use recreational sales. Anticipating long lines and cold temperatures, companies are going the extra mile to keep customers happy. One business, for […]

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Cannabis payment provider allegedly owes millions to MJ retailers

Linx Card, which touts itself as a “primary provider” of debit merchant services to marijuana retail stores, has faced a flurry of lawsuits in recent months from cannabis businesses that allege the California firm owes them millions of dollars. Linx includes a platform where customers can load up Linx “gift” or debit cards at a […]

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Chart: Pre-Christmas marijuana product sales increase up to 53%

‘Tis the season for increased holiday spending – and that includes outlays on recreational cannabis products, which saw average category sales increases of more than 50% in 2018 on items designated for both gift-giving and personal consumption. Data from Seattle-based cannabis analytics firm Headset shows that sales in the?pre-Christmas week (Dec. 18-Dec. 24) in 2018 […]

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How cannabis vape companies are using technology to ensure consumer confidence and bolster sales

The worst days of the vaping crisis?are likely behind the state-legal marijuana industry, but many MJ firms are turning to technology?to help further boost cannabis vape consumer confidence as well as deal with the dip in sales that followed the health scare. Examples of?tech-based solutions available to cannabis companies include: Providing certificates of analysis (COA), […]

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Week in Review: Cannabis banking reform hits snag, recreational MJ goes to New Jersey voters, merger falls through & more

The head of a U.S. Senate banking panel signals marijuana banking reform could take longer than the cannabis industry hoped, legislators in New Jersey agree to put recreational marijuana legalization in front of voters in 2020, another cannabis business merger hits the skids – and more of the week’s top MJ business news. Key US […]

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Key US Senate leader signals major changes to cannabis banking bill, dimming prospects for significant reforms in 2020

U.S. Senate Banking Chair Michael Crapo,?an Idaho Republican, laid the foundation for his own version of cannabis banking reform with a potentially onerous THC potency cap when he released a statement saying he doesn’t support the Secure and Fair Enforcement?Banking?(SAFE) Act?as is. In September, the U.S. House of Representatives approved the SAFE Act, which would […]

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