Tag: cannabis
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D.C. medical cannabis market slumps as February sales hit four-year low
D.C. patient expirations outpace new registrations as medical sales continue decline The District of Columbia’s medical cannabis market is facing a period of decline, with February dispensary sales reaching their lowest point in four years. This trend comes alongside a drop in the number of patients served and an expiration of nearly 1,850 patient certifications…
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Multi-state cannabis operator fined $55,000 in Maryland for skipping ownership approval
Maryland cannabis company Holistic Industries Inc. was fined $55,000 for failing to get approval before transferring ownership interests in its subsidiaries. The Maryland Cannabis Administration (MCA) announced the consent order in February. They are a multistate operator. According to the companies own website, they have 15 legal stores in five different states including three in…
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VA Senate and House Democrats agree on adult-use market bill, set to standoff with Gov.
Second-to-Last Licensing Period Opens as Medical Cannabis Sales in D.C. Continue to Decline The second retail application period for medical cannabis licenses opened today in Washington, D.C. This social equity retail licensing period is part of D.C.’s cannabis medical expansion. The period for cultivators and manufacturers to apply has passed, and unlicensed I-71 operators…
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D.C. Opens Social Equity Applicant Window for Medical Cannabis Retail Licenses
The second retail application period for medical cannabis licenses opened today in Washington, D.C. This social equity retail licensing period is part of D.C.’s cannabis medical expansion. The period for cultivators and manufacturers to apply has passed, and unlicensed I-71 operators could apply to transition to the legal market until Jan. 29, 2024. The period…
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VA Senate and House Democrats agree on adult-use market bill, set to standoff with Gov.
Maryland Considers Law to Limit County Control Over Cannabis Dispensaries Maryland lawmakers are considering legislation to limit counties’ power to restrict cannabis dispensary locations. This comes after some counties used zoning to slow down or prevent dispensary openings, raising concerns from a powerful House committee chair who argues this undermines the state’s legalization efforts and…
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Virginia Senate and House Democrats agree on adult-use market bill, set to standoff with Gov.
Despite being the first southern state to legalize adult-use cannabis, Virginia’s Republican led government dragged its feet the last three years to prevent a market launch. But Democrats are trying yet again to override Gov. Glen Youngkin who has promised to veto any market launch since his election. Democrats struck a deal last Friday, according…
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D.C. legal cannabis market sees record slow January sales as unlicensed shops transition to legal
Prominent I-71 stores absent from D.C.’s legal cannabis transition Far fewer than expected D.C. gifting stores (76 applications vs. estimated hundreds) applied to transition into legal dispensaries. While 26 initially received placards, 65% remain unapproved, with some requiring revisions and others missing key details like location. Many stores that joined an industry group called The…
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Patient exodus and slower sales cast clouds over D.C. market
D.C. patient expirations outpace new registrations as medical sales continue decline Cultivation and manufacturing revenue in D.C.’s medical cannabis program continue to be below 2023, but they are growing slowly after hitting a low last fall. However, retail sales fell to their lowest point in four years last month, according to ABCA monthly revenue report.…