Tag Archives: Cannabis

Cannabis Sales Soaring, Illinois and Massachusetts Break Records

Adult-use marijuana sales in Illinois exceeded $120 million in August, state officials reported on Thursday. Illinois saw $121,933,542 in cannabis purchases last month, with $81,275,830 coming from in-state residents and $40,657,711 from out-of-state visitors, in particular, from neighboring states that do not have a legal market, reported Marijuana Moment. 

If the trend continues, Illinois is on track to see more than $1 billion in adult-use marijuana sales in 2021.

Amid a huge budget deficit, the state generated more than $86 million from adult-use marijuana tax revenue between January and March 2021 and has repeatedly broken its own monthly cannabis sales records, hitting $28 million in March alone.

Adults spent almost $110 million on recreational cannabis products during March (more tax dollars from marijuana receipts than alcohol for the first time ever), reported Newsweek.

Illinois officials have emphasized that the tax dollars from all of these sales are being distributed. $31.5 million were allocated in grants funded by marijuana tax dollars to communities that have been disproportionately impacted by the war on drugs.

Massachusetts Not Doing Badly Either: $844 Million Since January

Marijuana sales in Massachusetts have topped $2 billion since the state’s adult-use market launched in late 2018, the Cannabis Control Commission reported on Wednesday.

Gross sales from the state’s 165 cannabis retailers and three delivery services reached 

over $2 billion as of August 31.

That doubles the sales total that the commission reported last November.

Despite being closed for two months in 2020 due to the COVID-19 public health emergency, 91 marijuana retailers generated a total of $702 million for the full calendar year of 2020.

As of the start of business on Wednesday, September 1, the Commission reported licensees have generated $844 million since January 1st, already making 2021 a record sales year.

The adult-use cannabis industry in Massachusetts consists of nearly 16,667 active marijuana establishment agent registrations: 35.4 % identify as female and 64.1 % identify as male, while 72.4 % identify as White, 7.6 % identify as Hispanic, Latino, or Spanish, and 6 % identify as Black or African American.

5 Weed Strains For Playing Card Games

This article was originally published on Weedmaps, and appears here with permission.

Quarantine has been tough on everyone, and we're all looking for activities to safely enjoy at home. One of those activities is playing card games with the homies. It's become something of a soothing vibe with people as of late. 

I can't watch the news anymore and social media only in small doses. Distracting myself with cleaning, Animal Crossing, card games, coloring, and weed 😅 hope you're hanging in there dear! ❤

— Kait (@kaitbauer815) March 22, 2020

When it comes to card games, most of them require a little bit of strategy and forethought to win. Games like Monopoly Deal, the quick-and-easy card version of Monopoly, and Uno, the quick-and-easy card version of ending friendships, not only test your critical thought abilities, but also how well you can dominate your loved ones while talking down to them.

For situations like the above, there are plenty of weed strains to enhance the experience. And while most weed will work just fine — because sometimes a good high is just a good high — there are several strains out there that might work better than others for game night. 

Strains that will help you focus, make you feel more creative, or simply make you feel more social are great options in this case. Here are a few that you should cop before your next round of Settlers (real ones know).

Uno: Cinex 

Right off the bat, we've got Cinex, a sativa-dominant cross of Cinderella 99 and Vortex. It has a strong lemony fragrance and earthy taste that makes an extremely pleasant smoke, especially in oil form. The effects leave most consumers feeling energetic and happy, which is perfect for sitting around the coffee table with your family and throwing a Draw Four at your stepfather's face.

Find Cinex strains

Catan: Green Crack 

Green Crack is a frequent flyer when it comes to daytime strain suggestions. Said to be a cross between a 1989 Super Sativa Seed Club, a Skunk #1, and an Afghani landrace, Green Crack is a pure sativa that many love for its citrus flavor and energetic effects. When it hits just right, Green Crack will sometimes bring a rush of mental clarity and physical energy, making anything feel possible. It's almost like the cannabis version of Mario eating a star.

Find Green Crack strains

Monopoly Deal: Lodi Dodi 

If you read Lodi Dodi and mentally responded, “We likes to party,” then you know exactly why it's here. And you also might be mad old because you know Slick Rick lyrics. Lodi Dodi is a sativa-dominant hybrid bred by crossing, well, no one knows. Some think it's a cross of Original Glue (GG4) and Mt. Rainier, but the breeders keep it a secret, so there's no true confirmation. 

What we do know is the high. Lodi Dodi can feel creative and thoughtful. It'll mellow you out, but instead of feeling sleepy, you'll settle into a cool laze that makes it completely easy for you to maintain your poise while holding a Deal Breaker in Monopoly Deal.  

Find Lodi Dodi strains

Uno: Super Lemon Haze 

Super Lemon Haze is delicious. Super Lemon Haze feels warm and cuddly. It's a sativa-dominant cross of Lemon Skunk and Super Silver Haze that, like the name suggests, has a vibrant, citrus aroma. It also has some piney elements that bring forth the best attributes from its parent strains.

Super Lemon Haze is one of those sativas that people often mischaracterized as racy and overwhelming, but that's between them and their body. For you, it may feel uplifting and energetic, ending with a happy high that'll put a smile on your face when you look around the card table and appreciate those who matter most. Ya know, right before you put down that last Uno card and raise your hands like, “Oh, y'all still have cards? Damn. Can't relate.”

Find Super Lemon Haze strains

Catan: Mimosa 

Mimosa is one of the most delicious strains on this list. Even if you don't want to play cards, you should still grab it off the strength of its flavor. On the nose, it smells like a bucket of tropical terpenes, with a pungent orange and sometimes guava-like aoma. And the taste comes through with much of the same, making Mimosa a true sunny delight.

Mimosa was created by crossing Purple Punch with Clementine. Its top reported effects are energetic, relaxed, and aroused; ultimately, it makes you feel all loosey-goosey. Past that, the high can be long-lasting, which is perfect when the game of Catan that you told your unsuspecting friends would only last, “like a smooth 45 or so,” ends up taking longer than a Hamilton viewing. Or when you need to maintain a positive disposition after someone stupidly makes a 3-for-3 trade with the person in the lead.

Find Mimosa strains

Featured image by Stephen Panosian/Weedmaps

Read the original Article on Weedmaps

Benzinga's Related Links: 

12 Of The Most Popular Cannabis Strains, According To Weedmaps 7 Relaxing Weed Strains Más de Weedmaps en español en El Planteo

What Will Be The Cost Of Doing Cannabis Business in Mexico…If The Country Finally Legalizes It?

Medical marijuana has been legalized in Mexico since June 2017 and, in 2018, Mexico’s Supreme Court of Justice ruled that banning the plant was unconstitutional.

On April 30, 2021, Mexico's Congress failed to pass adult-use legalization orders that were handed down by five Supreme Court rulings, marking the fourth time the deadline was missed. Now, a bill to legalize recreational cannabis is expected to be brought to a vote.

Health licenses for cultivation, harvesting and production of marijuana in Mexico are exclusively limited to medicinal and research purposes.

Andres Fajardo, CEO of Clever Leaves (NASDAQ:CLVR) considers Mexico as “interesting geography for cannabis,” with over 100 million people “with interesting consumption patterns.”

Clever Leaves entered Mexico via a supply deal with CBD Life Sciences OTCPK: CBDL. The New York-based company will act as a supplier for the development and production of CBD Life's medical cannabis products in over 18,000 points of sale in Mexico.

In an interview, Fajardo highlighted that the country has a pharmaceutical complex, an asset for the processing of cannabis.

Fajardo considers Mexico “the cornerstone for any Latin American expansion.” The country produces “high-quality agricultural products at significant scales with efficient costs”, thus, he envisions a competitive insertion of the cannabis industry in Mexico.
The size of the medical cannabis market alone in Mexico is expected to reach $249.6 million by 2025, according to an analysis by United States-based consultancy Grand View Research.
The study also revealed that “competition among existing players is moderately high as very few companies have the technology, financial resources, and legal clearance to venture into the large-scale manufacturing of marijuana.”

“However, the cannabis industry is likely to face security challenges, given that cannabis production still represents a large percentage of the revenues of many organized criminal groups,” Eduardo Arcos, a senior analyst with Control Risks, told Al Jazeera. 

Arcos noted that “businesses operating in remote locations with little presence of law enforcement (…) are frequent targets of extortion by organized criminal groups” that “significantly disrupt their operations.”

Drawing on Clever Leaves’ experience in Colombia, Fajardo argues that some of the strategies to confront the issue of risk and security in Mexico could proceed through “strong local partnerships” to set up a viable legal business.

In Colombia Clever Leaves looked at socio-political factors, before picking locations for its operations, Fajardo added.

Mexico’s Cannabis Market: ‘poised to be a global leader’

A framework for the medical market was released in Mexico, in January 2021. However, as of August, would-be operators remained in limbo regarding adult-use licenses.

Despite the significant hurdles, analysts and operators told Benzinga that the market is poised to be a global leader.

Janko Ruiz de Chavez, COO and founder of CBD Life, highlighted the country's geography and climate, calling them ideal for cultivation. He cited the country's population of over 127 million and access to Latin America as additional selling points.

“Mexico's position allows local and global corporations to use Mexico as an export hub,” Ruiz de Chavez said.