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Smoke and mirrors: Massachusetts’ recreational cannabis industry navigates tricky regulatory terrain

1/11/19--On November 20, Massachusetts made history as the first state east of the Mississippi River where adults can legally purchase marijuana for recreational use. Although the robust demand may be validation for Massachusetts’ marijuana advocates, marijuana companies face an array of obstacles, from financial hurdles to regulatory barriers, that have made life more difficult than the booming business might otherwise suggest. Read

The marijuana billionaire who doesn’t smoke weed

1/16/19--Brendan Kennedy’s Canadian cannabis company Tilray has unexpectedly become America’s gateway to the legal marijuana industry. Tilray sells marijuana for medical use and, more recently, recreational use. It wears the crown as the hottest IPO of 2018, returning 315% for the year and valuing the Canada-based but American-run company at $9 billion today. To stay ahead, Kennedy, who actually had an antidrug upbringing, spends a lot of time trying to predict which country will be the next to legalize marijuana, so that Tilray will be there when it does. Read

Las Vegas Airport installs ‘amnesty boxes’ for discarding marijuana

2/23/18--Las Vegas’ McCarran International Airport is adding 10 green “amnesty boxes” for drugs at its facilities. The boxes were installed last week after a county ban went into effect in September barring marijuana possession or pot advertising in the airport in keeping with pre-existing federal law. The hope is that passengers will use the boxes to dispose of weed and other “prescription and recreational drugs” before they go through security at the airport and TSA finds the stash. Read

Teen drug use reaches a 43-year low, with the exception of marijuana

12/15/17--Teens today are using fewer drugs than the age group has used over the the past 43 years, with the exception of marijuana. A recent University of Michigan study found that one in 10 high school seniors say they’ve vaped marijuana in the past year. Richard Miech, the researcher in charge of the study, said the number of teens that are vaping the drug is much higher than he expected. Read

Here’s why Nevada’s marijuana supply can’t keep up with sales

7/12/17--Dispensaries in Nevada are facing a pot shortage, and lost sales could result in less funding for the state’s schoolchildren. The supply problem has little to do with wilting plants and a lot to do with regulations that give alcohol wholesalers exclusive distributor rights. Although 47 dispensaries obtained licenses to sell cannabis in Nevada, regulators have yet to approve any wholesalers' distributor applications. Read

Mostly young, well-educated men are ordering marijuana delivery

6/27/17--Eaze, the San Francisco-based marijuana delivery startup, recently conducted a survey of its customers to get a better idea of their backgrounds and habits. The report showed that a majority of the service's users are male (66%) and relatively young, with 57% of respondents falling into the "millennial" category between the ages of 22 and 34. The reports also indicates that a majority of Eaze customers are also well-educated and well-paid. Read

People are picking marijuana over alcohol

4/21/17--According to a team of Cowen analysts led by Vivien Azer, consumers appear to be choosing marijuana over alcohol. They believe alcohol could be under pressure for the next decade, based on their data analysis covering 80 years of alcohol and 35 years of cannabis incidence in the U.S. Read

Pro-pot lawmakers launch a Congressional Cannabis Caucus

2/16/17--Republican congressmen Dana Rohrabacher (California) and Don Young (Alaska) joined Democrats Earl Blumenauer (Oregon) and Jared Polis (Colorado) to launch the Congressional Cannabis Caucus. They are dedicated to developing policy reforms that can bridge the gap that exists between federal laws banning marijuana and the laws in an ever-growing number of states that have legalized it for medical or recreational purposes. Read

Marijuana and labor shortages are giving the wine industry a headache

1/24/17--The U.S. wine industry is poised for another banner year in 2017, with sales projected to rise by as much as 6%. Nevertheless, wine producers are increasingly focused on two lingering concerns that they worry can be problematic headwinds: Labor shortages during the harvest season and the threat of legalized marijuana as an alternative to wines. Read

The opportunities and pitfalls for the legalized marijuana industry

tmr_image-block11/10/16--The US has 29 states with legal medical marijuana, and at least seven states have legal recreational pot markets. The legal marijuana industry could generate roughly $22 billion in annual sales across the US within four years. Yet, there is some cause for concern over what Donald Trump’s surprise victory could mean, according to Fortune writer Tom Huddleston, Jr. Nonetheless, business owners and investors in the cannabis industry reacted enthusiastically to the latest wave of marijuana legalization votes this week. Read

The quiet money race behind California’s pot-legalization measure

screen-shot-2016-11-08-at-5-37-16-am10/29/16--California’s Department of Finance has estimated that the state could bring in as much as $1 billion in tax revenues every year from legal cannabis sales if Prop 64 passes. The state’s legal marijuana market, an estimated $2.7 billion from medical pot, could reach $6.5 billion by 2020 with the addition of recreational sales. Both supporters and opponents have donated millions of dollars throughout the year to their respective sides. Fortune features the eight individuals and groups that are the biggest spenders among those supporting and opposing Prop 64 in California. Read

Legalizing marijuana in Arizona could strengthen drug cartels

screen-shot-2016-10-24-at-9-09-49-am10/11/16--According to an article by The Associated Press, if Arizona’s ballot measure passes, pot shops would soon arise in a place that has long been a center of drug smuggling. How drug cartels respond to legalization has been a focus of debate in Arizona. Law enforcement leaders say the change will strengthen cartels, allowing them to infiltrate the legal pot market, and driving them to sell more hard drugs. Advocates of legalization say it will undercut the cartels by eliminating a key segment of their business. Read