sales

On the eve of California's big new experiment with legal cannabis sales, cities and counties are becoming a kaleidoscopic landscape as they race to enact laws by the start of the new year that reflect their hopes and fears. Will there be a flood of tax revenue from cannabis to fix potholes...

Los Angeles is well on its way to legalizing recreational marijuana after the City Council unanimously approved Wednesday a framework to regulate sales of the drug. Once signed into law by Mayor Eric Garcetti, the new rules will make LA the largest city in the nation to allow the growth and...

In March, Los Angeles voters endorsed a plan to bring order to the city's long-unruly marijuana market while clearing the way for recreational sales to begin next year, making L.A. the biggest city with legal pot sales in the country. But it's taken months to work out the fine print. On...

Sales of legal cannabis in North America are growing even faster than experts predicted they would. A new report from Arcview Market Research says retail cannabis sales will jump 33% over 2016's totals to hit $10 billion this year. That's a faster pace than the group had previously predicted...

Back in 2009 I wrote a piece for the magazine about marijuana legalization. One of the things I learned is that a key question about the effect of legalization is whether marijuana and alcohol are substitutes or complements. If alcohol and marijuana are substitutes, it means that higher sales...

Aphria Inc., a Canadian medical marijuana grower, surged after striking a deal to have its production sold through the website of a major pharmacy chain. Aphria jumped as much as 30 percent in Toronto trading Tuesday. The shares were up 15 percent at C$13.67 at 9:54 a.m. local time. The...

Canada faces one last hurdle to becoming the first G7 nation to legalize recreational marijuana. Canada's Cannabis Act was introduced in the Canadian Senate Tuesday, its last legislative stop. The bill enjoys wide public support and the backing of Prime Minister Justin Trudeau. "I think it...

Alcoholic beverage sales fell by 15 percent following the introduction of medical marijuana laws in a number of states, according to a new working paper by researchers at the University of Connecticut and Georgia State University. The study adds to a growing body of evidence showing that...

Nevada's recreational marijuana continued its strong start through the third full month of sales, data released Monday by the Nevada Department of Taxation show. The state's licensed and regulated cannabis dispensaries sold approximately $27.7 million in recreational marijuana in September –...

Beginning January 1, 2018 the cannabis cultivation tax and excise tax will take effect. Cultivators are responsible for paying cultivation tax. The current cultivation tax rates are $9.25 per dry-weight ounce of cannabis flowers, and $2.75 per dry-weight ounce of cannabis leaves. Both...

The Orange County Board of Supervisors granted preliminary approval on Tuesday to a measure that would ban the commercial cultivation and sales of marijuana products in unincorporated areas of the county. Both recreational and medicinal distribution would be affected under the ordinance...

While many expect sales of marijuana for recreational use to take off in January when California will allow existing dispensaries to sell to adults, growth should be gradual next year before accelerating over the next three years, according to investors and advisors. The main opportunity next...

The on-again, off-again Jan. 1 legal sale of marijuana in San Francisco is off again, as the Board of Supervisors voted 9-1 Tuesday to postpone creating a city permit system for the adult-use cannabis industry. Though 73 percent of San Francisco voters approved Prop. 64 legalizing recreational...

Now that a bill to legalize recreational marijuana in New Jersey is likely to become law, leaders in the state's 565 municipalities could soon face a choice. Do they allow businesses to produce and sell cannabis in their towns, potentially reaping the benefits of a new industry and millions...

Much has been made about the change in attitude toward marijuana legalization across the United States over the past decade. Surveys now find a majority of Americans favor legalizing the once-demonized plant. However, it doesn't take a cynic to see there is another motivator behind legalizing...

If New Jersey follows through on plans to legalize recreational marijuana, analysts believe the Garden State could grow into a $1 billion market. Democrat Phil Murphy, who was elected Tuesday as New Jersey’s next governor, vowed on the campaign to legalize marijuana and use a potential $300...

One year after Massachusetts voters passed a ballot question legalizing marijuana, legal pot sales remain several months away.One year after Massachusetts voters passed a ballot question legalizing marijuana, legal pot sales remain several months away. One year after Massachusetts voters...

Palm Springs voters overwhelmingly approved a new tax on recreational marijuana in advance of legal sales starting in January. Early results from voting held Tuesday showed a strong majority supported the expanded pot tax, known as Measure E. The city already taxes medical marijuana...

Buying weed in California is about to get less risky and much more expensive. A patchwork of new policies, including special taxes, will roll out in the state before sales of recreational marijuana begin at the start of 2018. California will include a 15% levy on all cannabis sales in the...

Maine Gov. Paul LePage on Friday vetoed a bill to regulate sales of marijuana, citing concerns including how the Trump administration is going to treat the federal-state conflict in law. His veto sets up a showdown Monday when Maine lawmakers meet next week. "Until I clearly understand how the...