The office of New Mexico Gov. Michelle Lujan Grisham said Tuesday that cannabis consumers “have purchased more than $678.4 million worth of adult-use cannabis products and $331.6 million in medical products since April 1, 2022,” and that, to date, “the state has recorded more than 21 million transactions with $75 […]
dispensaries
7 posts
If you’re a regular consumer in California’s recreational market, it’s pretty hard to miss Maven Genetics these days. Since the team broke out of their shell, they’ve made an epic run on shelf space up and down the state this year. The growth has been backboned by a solid spread […]
Chicago-based marijuana company Cresco Labs Inc. announced on Thursday that it will become the “first cannabis company to launch cannabis advertisements on Spotify, the world’s most popular audio streaming subscription service with more than 551 million users and 220 million subscribers.” The ad campaign will promote Sunnyside, a chain of […]
Late last month, Mastercard decided to halt their debit card transactions with cannabis dispensaries, notifying financial institutions and payment processors to stop processing purchases. This isn’t the first digital payment solution to swiftly exit the industry – late last year, vendors turned off services to their cashless ATMs. These abrupt decisions have made major […]
Payment processing powerhouse Mastercard this week revealed the company is taking steps to prevent PIN-based debit card transactions for marijuana purchases, dealing a blow to a regulated cannabis industry already struggling with limited payment options for consumers. On Wednesday, Bloomberg reported that Mastercard, the world’s second-largest payment solutions provider, had […]
The San Francisco Board of Supervisors voted on June 6 to implement a citywide halt on issuing new cannabis business licenses for the next four-and-a-half years. The 10 members of the board present at the time voted unanimously, although one person was absent. Supervisor Ahsha Safai was the driving force […]
2023 has so far been a productive year for the New Jersey Cannabis Regulatory Commission (CRC), the government body tasked with overseeing the state’s medical and adult use cannabis markets. The licensing process since New Jersey first launched its adult use cannabis market has been slow, but intentional and systematic. […]