The Business of Cannabis

House Votes To Approve MORE Act, HR 3884,

Dec 4, 2020 | Feature, National

At midday Friday, members of the House of Representatives voted to approve the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, HR 3884, which removes marijuana from the federal Controlled Substances Act — thereby eliminating the existing...

September 2020 Legal U.S. Cannabis Product Demand Continues To Grow

Dec 2, 2020 | National

Growth in demand for legal cannabis products in the United States in September was lower than the previous month, continuing a new trend of slow growth markedly different from the rapid rise in sales we experienced in the spring and early summer, According to Anderson...

United Nations Approves WHO Recommendation To Reschedule Cannabis In Historic Vote

Dec 2, 2020 | National

The United Nations Commission on Narcotic Drugs (CND) on Wednesday accepted a World Health Organization (WHO) recommendation to remove cannabis and cannabis resin from Schedule IV of the 1961 Single Convention on Narcotic Drugs. The historic vote in Vienna could have...

Whole Foods CEO Makes Case For Small Marijuana Operators

Dec 2, 2020 | National

John Mackey’s keynote address and his fireside chat with MJBizDaily CEO Chris Walsh as well as other MJBizCon 2020 content is available on demand. At a time when large multistate marijuana operators are ascending to new heights, Whole Foods Market co-founder and...

Israel Plans To Legalize Recreational Cannabis Use

Nov 17, 2020 | National

Justice Minister Avi Nissenkorn announced on Thursday a draft government-sponsored bill to legalize recreational cannabis use in Israel. Nissenkorn’s announcement came on the heels of formal recommendations made by an inter-ministerial committee to...

Marijuana Multistate Operators Set To Capitalize On New Markets, But Small Firms Face Hurdles

Nov 13, 2020 | National

Marijuana multistate operators are well-positioned to thrive in adult-use cannabis markets created by the Nov. 3 election, but small businesses – including minority- and women-owned firms – face challenges such as access to capital. Four publicly traded MSOs are...