Arkansas medical cannabis sales top $28 million

0
89

Arkansas medical cannabis sales top $28 million

Medical marijuana dispensaries in Arkansas sold more than $28 million in the first calendar year of legal sales, according to the state Department of Finance and Administration. The stores sold more than 4,200 pounds of medical marijuana, resulting in $28.13 million in sales. Sales exceeded the $15 million to $20 million projected by the 2019 Marijuana Business Factbook.

– Associated Press

Las Vegas marijuana testing lab closed by regulators

The Nevada Department of Taxation shut down Cannex Nevada, a marijuana testing laboratory in Las Vegas. The department, which found yeast and mold three times the allowable limit on two strains of marijuana, also issued a public health warning for several tainted cannabis products approved by the lab, the Las Vegas Review-Journal reported. The action against Cannex is only the latest taken against Nevada testing labs. In November, Nevada suspended the license of Certified Ag Lab for what was described as “inaccurate and misleading” potency in cannabis products. In September, regulators launched an investigation into marijuana testing labs in the state.

New effort to legalize recreational cannabis in Oklahoma

Supporters of recreational cannabis in Oklahoma refiled a petition to legalize adult-use marijuana in the state. The original petition was criticized by those who feared it would hurt Oklahoma’s fast-growing medical marijuana industry.

Michelle Tilley,  the executive director of the Oklahoma branch of the American Civil Liberties Union who filed the new paperwork with Ryan Kiesel, said she did not believe there were any issues with the original petition. Tilley said  the petition was redrafted to make sure there were greater protections for the existing medical marijuana industry and its patients. “We are strong supporters of Oklahoma’s medical marijuana programs, and we felt it was worthwhile to eliminate any uncertainty,” Tilley said. A 2018 effort to get rec marijuana on the state’s ballot failed.

– Associated Press

Adult-use marijuana delivery firms licensed in Michigan

Michigan regulators licensed the first three companies approved to deliver recreational cannabis to consumers’ homes. The Michigan Department of Licensing and Regulatory Affairs approved the delivery businesses, Wood TV reported. Adult-use cannabis sales began in Michigan on Dec. 1.

Our MJBizTalks podcast reflects on the year in cannabis business news

Our special year-end podcast, “This Year In … “, looks at some of the most significant marijuana business news of 2019, including a U.S. House panel passing a historic cannabis banking bill, Illinois’ new recreational MJ industry, the future of adult-use sales in New Jersey and New York, and more.