Campaign to Legalize Adult-Use Cannabis in Arkansas Abandons Efforts to Place Initiative on 2020 Ballot

The continued legalization of cannabis across the U.S. is expected to drive a surge in advertising spending in the coming years. Case in point, market and consumer data provider Statista projects that ad spending by cannabis companies in North America will grow from $661 million in 2018 to $3.89 billion over a 10-year period.While growth expectations are dramatic and impressive, cannabis brands are faced with significant challenges in their marketing efforts. Many channels, including Google Read More

Louisiana Senate Approves Legislation to Expand Medical Cannabis Program

Tilray, a global company focused on cannabis research, cultivation, production and distribution, announced May 26 that the company will close its wholly-owned subsidiary, High Park Gardens, a cannabis greenhouse located in Leamington, Ontario.The announcement comes as part of Tilray’s “optimization plan” for its adult-use cannabis facilities in Canada. With the elimination of High Park Gardens, which will be closed within the next six weeks, Tilray anticipates an annual savings of roughly $7.5 million, according to Read More

Aurora Cannabis Completes Acquisition of Reliva LLC

Tilray, a global company focused on cannabis research, cultivation, production and distribution, announced May 26 that the company will close its wholly-owned subsidiary, High Park Gardens, a cannabis greenhouse located in Leamington, Ontario.The announcement comes as part of Tilray’s “optimization plan” for its adult-use cannabis facilities in Canada. With the elimination of High Park Gardens, which will be closed within the next six weeks, Tilray anticipates an annual savings of roughly $7.5 million, according to Read More

NACB Recommends Regional Approach to Cannabis Legalization, Tilray Plans to Close High Park Gardens Facility in Ontario: Week in Review

Arkansas True Grass, one of two groups supporting proposed constitutional amendments to legalize adult-use cannabis in the state, is abandoning efforts to place its initiative on the 2020 ballot, instead focusing on qualifying the measure in 2022, according to a Northwest Arkansas Democrat Gazette report.The group has been unable to continue gathering signatures for its petition due to the COVID-19 pandemic, the news outlet reported, and it is up against a July 3 deadline to Read More

Larry Hogan Vetos Cannabis Bill

Maryland Governor Vetoes Bill that Would Have Kept Cannabis Convictions Private

Governor Larry Hogan (R) of Maryland vetoed a bill yesterday that would have kept the records of people with low-level marijuana convictions from being publicized on the state’s database. According to a post on Marijuana Moment, Maryland lawmakers passed the bill in March and sent it to the Governor for his signature. If enacted, the bill would have prevented the “Maryland Judiciary Case Search from in any way referring to the existence of a certain Read More

Canadian Illicit Cannabis Market

Illicit Market Winning the Cannabis Sales Battle in Ontario

One hope of the cannabis legalization effort in Canada has been that the illicit market would be substantially decreased in favor of legal sales. But, as detailed in a post on The GrowthOp, that has not been the case, at least in Canada’s largest province, Ontario. One reason for the illicit market thriving is the price disparity between legal and illegal cannabis. In the fourth quarter of 2019, illicit cannabis averaged just $5.73 per gram, Read More