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Marijuana Business

Marijuana business news and information resource for the medical marijuana and retail cannabis industry.

Ohio Regulators Issued $212,000 In Fines For Cannabis Promotional Activities – Including A Food Truck

COLUMBUS, Ohio - Handing out food and drinks from an ice cream truck is off limits for marijuana businesses in Ohio, according to state regulators. So is an online promotion saying, “Can you take me higher?” Ohio's Division of Cannabis Control has proposed fines totaling $212,000 against five businesses for violating the state’s advertising rules

By |2024-08-31T11:02:35-04:00August 30th, 2024|Marijuana Business, News|
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Ohio Recreational Cannabis Sales $10.5 Million During Third Week Legal

COLUMBUS, Ohio - Recreational marijuana sales ticked down for the second consecutive week since dispensaries began selling to adults age 21 and older. Ohio dispensaries rang up $10,493,636 for recreational marijuana customers during the third week of sales, according to new Ohio Division of Cannabis Control data. Dispensaries have sold a total of just under

By |2024-08-29T16:10:52-04:00August 29th, 2024|Marijuana Business, News|
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Banking Remains Challenge For Ohio Dispensaries

DAYTON - Roughly 120 dispensaries in Ohio have received state licenses to sell recreational marijuana, but banking remains an obstacle for cannabis businesses because marijuana remains illegal under federal law. “Financial institutions are nervous about working with marijuana companies because of the federal regulations,” said Heather Trela, Rockefeller Institute of Government director of operations and

By |2024-08-27T15:39:55-04:00August 27th, 2024|Marijuana Business, News|
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Will Ohio’s Sales Surge Hurt Michigan’s Cannabis Market?

Michigan’s cannabis market could face significant challenges due to the rapid rise of neighboring Ohio’s marijuana industry. Since recreational sales launched on Aug. 6, Ohio has seen a surge in demand, with shops reporting record-breaking volumes driven by enthusiastic locals and visitors from nearby states. This booming success may pose a threat to Michigan's cannabis

By |2024-08-25T16:18:19-04:00August 25th, 2024|Marijuana Business, News|
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Ohio Recreational Marijuana – What Shoppers Are Buying

COLUMBUS - All kinds of recreational marijuana products were made available to Ohioans in earlier this month, but which do Buckeye State shoppers prefer? Bloom Medicinals, a cannabis company selling both medical and adult use marijuana, offered some insight, and a smaller local shop, Locals Cannabis at 914 Cleveland Ave in Columbus followed similar trends to its multistate counterpart..

By |2024-08-27T17:33:29-04:00August 25th, 2024|Featured, Marijuana Business, News|
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Ohio Cannabis Customers Smoked $38.5M In First Two Weeks Of Adult-Use Sales

COLUMBUS - Marijuana sales in Ohio are surging since sales began on Aug. 6 with shops reporting unprecedented — and unexpected — sales volumes from eager Ohioans and a fair share of visitors from neighboring states. In the first 12 days alone, Ohio’s recreational marijuana sales reached over $22.5 million, with medical marijuana contributing an additional

By |2024-08-21T17:18:29-04:00August 21st, 2024|Marijuana Business, News|
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New Line Processing Offers Line of Credit For Michigan Cannabis Customers

ANN ARBOR - Michigan cannabis dispensaries, and customers have had a difficult time trying to use Visa and Mastercard to pay for transactions. Since cannabis remains a federal schedule 1 drug - along with cocaine and heroin - credit card companies and federally chartered banks have said no to cannabis. New Line Processing, a New

By |2024-09-04T16:25:56-04:00August 21st, 2024|Marijuana Business, mitechtv, News|
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Michigan Border Dispensaries Aren’t Fretting Yet Over More Expensive Ohio Competitors

COLUMBUS - Approaching five years since Michigan marijuana shops rang up their first sales, Ohio has joined the growing fray of U.S. states selling recreational cannabis. Ohio’s market launched on Tuesday, Aug. 6, with 120 stores permitted to sell marijuana to adults, 21 and over, with a valid ID. Image courtesy Motley Fool

By |2024-08-19T09:22:59-04:00August 19th, 2024|Marijuana Business, News|
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Ohio Dispensaries Sold $11.5 Million In Cannabis In First 5 Days Of Legalization

COLUMBUS - Oho cannabis dispensaries sold more than $11.5 million worth of marijuana to recreational customers in the first five days of legalization. Recreational sales opened to the public on August 6 and by August 10, about 1,285 pounds of non-medical plant material had been sold, the Ohio Division of Cannabis Control reported Friday. That's

By |2024-08-16T18:47:03-04:00August 16th, 2024|Marijuana Business, News|
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July Michigan Cannabis Sales Remain Flat For 5th Month In A Row

LANSING - Michigan cannabis sales continue to remain flat in July with sales for all products topping $287.7 million, up 3.2 percent from June’s $275.2 million. This follows similar sales figures in May of $278 million, April $279.6 million and March a record $289 million. Recreational sales in July recreational marijuana sales totaled $264.4 million,

By |2024-08-15T15:41:40-04:00August 15th, 2024|Featured, Marijuana Business, News|
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