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Washington state cannabis oversupply spurs calls for change

Washington state’s cannabis supply continues to swell, flooding the market and causing both wholesale and retail prices to sink.

After the October 2017 outdoor harvest – the state’s largest to date – Jim MacRae, owner of cannabis-focused business intelligence firm Straight Line Analytics in Seattle, says?the market will have a 60% larger supply than in 2016.

With an ounce of legal marijuana flower selling for as low as $40 in the state’s retail stores, both shop owners and producers are seeking changes to Washington’s cannabis regulations.

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Reporter’s California Notebook: Recreational marijuana companies overwhelmed during new market launch

Marijuana Business Daily?reporter John Schroyer is on the ground in California, posting firsthand accounts detailing the historic, Jan. 1 launch of the state’s recreational marijuana market. Scroll down for an inside account from cannabis business executives pioneering the state’s new adult-use market, which?Marijuana Business Daily?estimates will generate at least $4 billion in annual retail sales […]

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Sessions’ move could slow cannabis investment money, but analysts doubt long-term impact

News that federal prosecutors have wider discretion to enforce federal drug law?could put at least a temporary damper on investment money flowing into the U.S. cannabis sector, but analysts doubt the money will dry up. U.S. Attorney General Jeff Sessions’ decision last week to rescind Obama-era protections for the legal cannabis industry has created new […]

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Chart: Marijuana stocks stumble, then rebound after Sessions announcement

Marijuana stock investors are wagering that Jeff Sessions’ bark will be bigger than his bite. U.S. and Canadian cannabis stocks briefly tumbled after the U.S.?attorney general’s blockbuster decision?last week to rescind Obama-era protections for the legal cannabis industry. But by Friday’s close, the day after Sessions dropped his bombshell, U.S. marijuana stocks had recouped about […]

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Industry insiders, state officials in recreational cannabis markets vow to stay the course

Prominent figures from the nine recreational marijuana markets in the United States reacted defiantly?to the announcement that Attorney General Jeff Sessions?is throwing out?Obama-era protections for the legalized cannabis industry. From Alaska to Maine, industry insiders in states with legal adult-use programs and politicians from both sides of the aisle spoke out against the action. But […]

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Marijuana businesses rush to decipher Sessions’ decision as legal experts advise caution

Marijuana industry executives nationwide are scrambling to understand how Attorney General Jeff Sessions’ decision to rescind Obama-era protections for the legalized cannabis industry will affect their companies and employees.

Legal experts cautioned against making hasty decisions – given that it remains to be seen whether Sessions and the U.S. Justice Department will unleash a widespread crackdown on state-legal marijuana industries.

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AG Sessions rescinds Cole Memo, roiling marijuana industry

Attorney General Jeff Sessions has rescinded an Obama-era policy that paved the way for legalized?marijuana?to flourish in states across the country, creating new confusion about enforcement and use only three days after California’s new legalization law went into effect. Marijuana Business Daily is continually updating this breaking story and its impact on the cannabis industry. […]

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Canadian marijuana stocks pare losses, could benefit long term from Sessions decision

Canadian marijuana stocks initially tumbled Thursday but then pared their losses after U.S. Attorney General Jeff Sessions abandoned?an Obama-era policy that permitted the cannabis industry to operate in states across America.

Analysts said the surprise decision could end up being a “net positive” for Canadian firms with no U.S. operations – and funnel more investment money into local cannabis businesses

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