Tag: cannabis insurance

Connecticut recreational marijuana sales hit a record high in May, with purchases in the adult-use market exceeding those of medical cannabis for the first time since adult-use retailers opened in January. The state Department of Consumer Protection (DCP) published the May sales data on Monday, showing about $11.5 million in adult-use marijuana purchases and $11.2 […]

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 […]

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 […]

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 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 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 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 […]

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 […]

“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 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 […]