A marijuana financial services company has revised its testimony on a congressional cannabis banking bill following pushback over remarks made at a Senate committee hearing this month where a compliance officer suggested a “pause” to further amend the legislation. Advocates and stakeholders were taken aback by the suggestion from Dama Financial, as it seemed to […]
Tag: cannabis insurance
Groups Push Senators To Add Marijuana Business Stock Exchange Access To Banking Bill
A coalition of marijuana advocacy groups is asking that a bipartisan marijuana banking bill be expanded to include provisions ensuring that cannabis businesses have access to all forms of financial services—including the ability to be listed on senior U.S. stock exchanges. In a letter sent to Senate Banking Committee leadership on Thursday, the coalition SAFE […]
Missouri Retailers Sold $350 Million Worth Of Legal Marijuana Products Since Recreational Sales Launched Three Months Ago
The state’s cannabis industry is poised to top $1 billion this year in combined medical and recreational sales. By Rebecca Rivas, Missouri Independent Hippos Cannabis has a 40,000-square-foot production facility in Vienna, Missouri, a town of 600 people that’s just 30 minutes north of Rolla. Since Missouri’s recreational marijuana sales began in February, they’ve added […]
Twitter Updates Marijuana Ads Policy Again, Allowing Businesses To Feature ‘Packaged’ Cannabis Products In Promoted Tweets
Twitter announced this week that it has further updated its marijuana advertising policy, aiming to give cannabis businesses that are “certified advertisers” the ability to feature “packaged” cannabis products in the ad creative that’s promoted on the social media site. The company generated headlines when it previously revised its marijuana policy in February, opening up […]
Michigan Marijuana Sales Hit Record High Of $250 Million In March, State Data Shows
Michigan marijuana sales reached a record high in March, with nearly $250 million in combined recreational and medical cannabis purchases, according to state regulators. The lion’s share of those sales came from the adult-use market, which saw $239.8 million worth of marijuana products sold last month. Medical marijuana purchases reached $9.8 million during the same […]
Missouri Marijuana Sales Hit $126 Million In March, State Data Shows, With Market Expected To Reach $1 Billion By Year’s End
Missouri marijuana sales reached a record $126 million in marijuana sales in March, the second month since adult-use shops opened in the state after voters approved legalization at the ballot last November. The $126.2 million comes from combined medical cannabis purchases ($32.7 million) and recreational sales ($93.5 million) in March. That’s a 22.4 percent increase […]
New Mexico Governor Touts $300 Million In Adult-Use Marijuana Sales In The First Year Since Market Launched
The governor of New Mexico is marking the one-year anniversary of the state’s adult-use marijuana market, touting its more than $300 million in sales since last April as well as the thousands of jobs the cannabis industry has created. Gov. Michelle Lujan Grisham (D) said on Monday that sales have been steady throughout the past […]
Arkansas Medical Marijuana Patient Sues Testing Lab And Growers Over Alleged THC Inflation
“Marijuana flower with higher concentration of THC is more valuable. So there is incentive to exaggerate the THC content of flower—it can be sold for more money.” By Hunter Field, Arkansas Advocate A new civil lawsuit accuses Arkansas’s largest cannabis testing lab of conspiring with medical marijuana cultivators to inflate the amount of THC in […]
Twitter’s New Marijuana Advertising Policy Still Doesn’t Allow Ads For Marijuana Product Sales
Twitter has revised its rules for marijuana advertising—saying it will now allow industry participants to “promote brand preference and informational cannabis-related content for CBD, THC and cannabis-related products and services”—but there are still open questions about the practical implications of the new policy. The social media company recently started reaching out to marijuana accounts to […]
Colorado Governor Promotes State’s First-Ever Marijuana Vending Machine
The governor of Colorado is promoting the state’s first-ever marijuana vending machine, which can package, label and dispense cannabis products to adult consumers—with transactions being completed in as little as 50 seconds. The Automated Cannabis Experience (ACE) recently launched at one of Terrapin Care Station’s retailers in Aurora. Gov. Jared Polis (D) said in a […]