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Grownup-use hashish gross sales in Massachusetts reached $5 billion on August 31 after record-breaking month-to-month gross sales in June, July, and August, based on the state Hashish Management Fee (CCC). Gross sales surpassed the $4 billion mark simply eight months previous to hitting $5 billion, which the CCC stated makes the interval the shortest it’s taken for Massachusetts companies to generate one other $1 billion {dollars} in product sales. Hashish gross sales commenced in Massachusetts in 2018. Up to now this yr, adult-use hashish gross sales have totaled greater than $1 billion.  In a press release, Fee Government Director Shawn…

Main banks like JPMorgan Chase and Wells Fargo, in addition to landlords akin to BentallGreenOak and Ashkenazy Acquisition Corp., have found themselves indirectly involved with New York Metropolis’s unlicensed hashish dispensaries, probably exposing them to authorized points. This case arises as a result of proliferation of unlicensed retail retailers within the metropolis, with as many as 2,000 of them now working since New York legalized leisure marijuana in 2021. A new law generally known as Native Regulation 107 of 2023 (“LL 107”) that got here into impact in July permits town to high-quality landlords as much as $10,000 in the…

New Mexico set a brand new report for marijuana gross sales in August, with greater than $48 million in mixed medical and adult-use hashish purchases, state knowledge exhibits. The New Mexico Regulation & Licensing Division’s (NMRLD) hashish reporting portal exhibits $34,707,557 in leisure marijuana gross sales and $13,525,500 from medical hashish final month, for a complete of $48,233,057. These numbers come from 1,095,922 marijuana transactions on the state’s 1,021 licensed retailers. Through NMRLD. All instructed, sufferers and grownup customers have made nearly $724 million in mixed medical and leisure hashish purchases since every program launched. Gov. Michelle Lujan Grisham (D)…

A poll launched final week from the College of South Florida and Florida Atlantic College discovered that 60% of respondents again adult-use hashish legalization within the state, whereas 83% backed the state’s present medical hashish program.  The survey discovered about 29% of respondents needed hashish to stay unlawful for grownup use within the state with about 11% not sure.   The ballot additionally discovered that lower than half – 45% – of respondents believed medical hashish “is being abused” (50% disagreed) with 39% saying medical hashish is simply too simple to acquire within the state (57% disagreed), and 40% believing there…

Longtime hashish and counterculture firm Excessive Occasions final week entered an mental property partnership with Canada-based Lucy Scientific. The deal contains all of Excessive Occasions’ current licensing agreements, together with rights to the Excessive Occasions journal, Hashish Cup, 420.com manufacturers, and respective domains.   Lucy Scientific Discovery Inc. (NASDAQ: LSDI) is a Vancouver, British Columbia, Canada-based Nasdaq-listed firm with holdings and operations in a wide range of psychotropic companies. The corporate holds a Managed Medication and Substances Supplier’s License granted by Well being Canada’s Workplace of Managed Substances.  Underneath the deal, Lucy will situation 19.9% of its excellent inventory to…

Connecticut broke one other marijuana gross sales report in August, with $25 million value of medical and adult-use hashish purchases, state information reveals. The Connecticut Division of Client Safety (DCP) reported that leisure marijuana gross sales hit $14 million final month—one other report for the adult-use market—whereas medical marijuana purchases quantity to about $11 million. That mixed $25 million is greater than $2 million above the state’s prior report that was set in June. That is additionally the eighth month in a row of record-breaking leisure marijuana gross sales since Connecticut’s adult-use program launched in January. On the identical time,…

Picture: Rachel Weill / Humboldt Seed Co. All good issues are available threes, however cultivators are simply starting to grasp how this famed Latin precept applies to hashish genetics. The weed we all know and love is usually constructed with a pair of chromosomes (diploid) and a restricted variety of phenotype prospects. Nonetheless, cultivators have gotten conscious of a brand new plant variation that may sometimes happen as a pure phenomenon: predominantly-seedless hashish vegetation referred to as triploids. What are triploid genetics? Triploid hashish seeds are developed by crossing a diploid with a tetraploid—a feminine hashish plant containing two pairs…

Over the past a number of months there was quite a bit occurring in New York’s hashish world, with the “highlights” being litigation, corporate letters, municipal legislation, and customarily simply a whole lot of backwards and forwards about the place New York’s adult-use hashish market goes and the way it’s getting “there” (wherever “there” is”). Over the following few weeks, we might be breaking down the large ticket occasions, however within the interim, we thought it may be useful to consolidate the “schedule” into one publish, with the what, when and why it’s vital laid out. What: The next Cannabis…

The California Division of Hashish Management (DCC) is rising eligibility for its Native Jurisdiction Retail Entry Grant (LJRAG) together with the award quantities for municipalities which might be given grants below this system.  The LJRAG program is a part of the state’s efforts to broaden authorized hashish entry in jurisdictions the place adult-use hashish operations don’t presently exist. The Part II funding is tied to the native jurisdiction’s issuance of native permits or licenses authorizing hashish retail. Beneath the revised Part II pointers, eligible native jurisdictions might apply for funding no matter whether or not they participated in Part I.…

Mixed hashish gross sales in Missouri final week topped the $1 billion mark, in line with state Division of Hashish Laws knowledge outlined by KRCG. Medical hashish gross sales within the state commenced in October 2020, whereas adult-use gross sales started final February.   Because the launch of adult-use gross sales on February 3 by way of the tip of Might, adult-use gross sales have totaled $256.2 million whereas medical hashish gross sales have totaled one other $94 million, the report says.   In response to the Missouri Hashish Commerce Affiliation (MoCannTrade), there at the moment are greater than 14,800 direct hashish…