Legal cannabis shops in NY will soar to sky-high 625 in 2025: regulators
It keeps growing like weeds. The legal cannabis industry will become even more popular with New Yorkers in 2025. State regulators predict the number of newly licensed cannabis stores will more than double, jumping from 275 to more than 625. In 2024, consumers purchased over $840 million worth of legal Ganga. Considering sales from 2023, […]
Pot advocates spar with Kathy Hochul over cannabis management
A coalition of 18 cannabis industry advocates argues that current regulators are not elevating New York's market to a higher status and urges Gov. Kathy Hochul to seek new guidance from the Office of Cannabis Control with experience in cannabis businesses. requesting that a person be appointed. But Hochul's office countered that the same advocacy […]
Jay-Z’s Luxury Cannabis Company Struggles to Sell $50 Joints
Jay-Z's premium cannabis company Monogram has struggled to sell $50 joints, and as a result, Jay-Z's business has reportedly lost $500 million since launching in 2020. “Four years later, this flashy celebrity cannabis brand appears to have disappeared.” reported SFGATE notes that while Monogram's website lists nine retail locations (eight in California and one in […]
Bottom Line: Cannabis industry calls in Trump transition alum
marijuana ofUS Cannabis Council hired Mercury Public Relations Department to lobby on Issues related to the cannabis industry. The lobbyist for the account is Brian Lanza, who served as communications director for President-elect Trump's first transition team. The cannabis industry is at a pivotal time. In May, the Biden administration officially moved marijuana from a […]
Florida Lawmaker Open to Legalizing Homegrown Cannabis After ‘Weed Cartel’ Ballot Measure Fails
One Florida lawmaker says he wants to “test the waters” of a domestic marijuana bill, but the Florida Sheriff's Association says Floridians have rejected Amendment 3 as a “dangerous” amendment. is praised. “Personally, as one of the 85 Republicans elected to the Florida House of Representatives, I’m very open to the idea of doing something […]
Cannabis shares plunge after Florida legalization bid fails
Cannabis stocks tumbled Wednesday after Florida Governor Ron DeSantis and billionaire Ken Griffin voted down a marijuana legalization bill. Amendment 3, which would have legalized recreational use of marijuana in the state constitution, failed to garner the 60% support needed to pass under Florida law. It received 55.9% or approximately 6 million votes in favor. […]
Advancing Social Equity in the Cannabis Industry: The Influence of Michael Halow
Social equity is an important topic in the cannabis industry. Given the historical stigma surrounding cannabis, there are ongoing efforts to address the injustices faced by marginalized communities due to strict cannabis laws. michael harrow is at the forefront of these efforts, working to create opportunities for those negatively impacted by regulation. Michael focuses on […]
Newsom-approved cannabis cafes in California would be an ‘absolute disaster,’ celeb chef says
One celebrity chef speaks out and warns: Introducing an Amsterdam-style cannabis cafe It would be an “absolute disaster” in California. In an interview with FOX Business, “barney & companyOn Friday, chef and restaurant owner Andrew Gruel spoke about why he thinks the implementation ultimately won't work out well for the Golden State. “I'm an open […]
USC becomes first program to partner with a cannabis brand
The University of Southern California has signed a deal with Cookies, Inc., becoming the first collegiate athletic program in the nation to partner with a cannabis company. The USC Trojans have announced a partnership with a brand owned by Billboard-charting rapper and entrepreneur Gilbert Milam Jr., better known as Berner. “Cannabis is not a performance […]
California Legislature Passes Amsterdam-style ‘Cannabis Café’ Bill
California lawmakers have passed a bill allowing cannabis dispensaries to operate like the marijuana cafe in Amsterdam, where customers can consume products on-site, order food, and socialize with other customers. The bill is supported by the legal marijuana industry as part of an effort to help struggling licensed retailers compete with the illegal marijuana market […]