Pennsylvania’s Medical Marijuana Sales Total Half A Billion Dollars In Two Years

John Collins, director of Pennsylvania’s Office of Medical Marijuana, said this week that the state’s medical marijuana program has generated more than $500 million in revenue from medical cannabis sales.

A couple points of reference to underscore how impressive that figure is: Colorado only just passed the $1 billion threshold earlier this year for its legal marijuana industry that took effect in 2014.

Pennsylvania’s robust showing might be down to the broad nature of the state’s medical marijuana law. Democratic Gov. Tom Wolf signed the measure into law back in 2016, making the treatment available for patients suffering from more than 20 qualifying conditions, including AIDS, autism, cancer, severe chronic or intractable pain, glaucoma, post-traumatic stress disorder, opioid dependency, and anxiety disorders.

The first dispensaries opened for business in Pennsylvania in early 2018, and within a year, medical cannabis sales eclipsed $130 million, easily dwarfing first-year revenue totals for Maryland ($95.4 million), Illinois ($36.3 million), Massachusetts ($25-$35 million) and New York ($5-$15 million).

Wolf said earlier this year that Pennsylvania’s first-year tally “tells us that this program is working to help Pennsylvanians in need of this medication.”

“Patients are realizing the benefits and there has been steady, positive progress that

Read More Here…

Posted in Vaporizer E-Cigarette Stocks News | Leave a comment

Founder of Cirque du Soleil Under Investigation For Growing Cannabis

The founder of Cirque du Soleil says it was all for personal use, but it is unclear if the government of French Polynesia cares. 60-year-old Guy Laliberté is being investigated in conjunction with a drug trafficking case after police saw photos on a man’s cell phone of the billionaire’s alleged marijuana cultivation operation.

The plants are supposedly located on Nukutepipi, Laliberté’s private island, located in the South Pacific in the Tuamotu archipelago. Laliberté’s new company Luna Rogue Entertainment released a statement on Wednesday calling him a “medical cannabis user” whose crop is “for his personal use only.” The company says he is being investigated “for alleged complicity in cultivation, possession and use of cannabis.”

Laliberté has yet to be charged of criminal wrongdoing.

“The disproportionate importance given to this matter, which is generally trivialized for someone in possession of several plants of cannabis for strictly personal use, greatly surprises me,” he said in a personal statement released Wednesday night.

Growing Cannabis for Personal Use is Illegal in French Polynesia

The entertainment mogul turned himself in for questioning on Papeete, the island that serves as the French Polynesian capital. He was detained, held for questioning, and appeared in court on Wednesday

Read More Here…

Posted in Vaporizer E-Cigarette Stocks News | Leave a comment

Nearly 500 Growers Receive Warning Letters from Humboldt County

Nearly 500 suspected cannabis growers in Humboldt County have received letters from local officials urging them to cease cultivation activities and warning of future enforcement if they fail to comply. The letters from the Commercial Cannabis Cultivation unit of Humboldt County Code Enforcement were sent last week to approximately 470 residents suspected of operating un-permitted marijuana growing operations.

“You are receiving this letter as a courtesy to inform you of what appears to have been an un-permitted commercial cannabis cultivation operation on your parcel,” the letter reads. “A county land use permit and a state license are both required to legally cultivate cannabis in Humboldt County, and our records indicate that neither exist for this property. While the overall cultivation area appears to be relatively small, it still requires an appropriate permit.”

Humboldt County Planning Director John Ford, who oversees the unit, said that the letters were sent out as a courtesy after residents requested at community meetings that the county warn suspected un-permitted cultivation operations before issuing abatement notices. The initiation of abatement proceedings can result in fines of up to thousands of dollars per day for violators.

The letters encouraged the recipients to immediately cease cannabis cultivation, remove

Read More Here…

Posted in Vaporizer E-Cigarette Stocks News | Leave a comment

Alaska’s Marijuana Control Board Fires Its Director

JUNEAU, Alaska (AP) — The board that regulates Alaska’s legal marijuana industry voted Wednesday to fire the director it shares with state alcohol regulators, a move director Erika McConnell maintained lacked justification.

The Marijuana Control Board voted 3-2 to fire McConnell, following last month’s vote by the Alcoholic Beverage Control Board to dismiss her. Wednesday’s vote came at the end of a daylong meeting in Anchorage, with McConnell delivering a fiery speech in which she said Gov. Mike Dunleavy’s administration appeared to want her out before wishing members well for the remaining two days of meetings.

McConnell’s removal was subject to both boards agreeing.

Marijuana Control Board member Bruce Schulte said he had no unkind words about McConnell but thought a change in leadership was appropriate. Board chairman Mark Springer said McConnell has done a good job and the push to oust her appeared in part to be “something of a railroad job” related to a dispute over allowable activities in breweries and distilleries. Springer said the alcohol industry is powerful.

Alcoholic Beverage Control Board Chairman Bob Klein last month praised McConnell’s work ethic and administrative skills. But Klein said he saw a disconnect between the board’s wishes and how

Read More Here…

Posted in Vaporizer E-Cigarette Stocks News | Leave a comment

Legal Recreational Marijuana Sales Begin December 1 in Michigan

Read More Here…

Posted in Vaporizer E-Cigarette Stocks News | Leave a comment
« Older