Several states have mandated METRC as the state inventory tracking system. METRC is also used for state reporting. The most recent state to mandate the use of METRC is Oklahoma. Commercial licenses and dispensaries have until May 26 to make the transfer to METRC. Oklahoma will be using METRC for seed to sale tracking and […]
New Jersey approved recreational marijuana in 2020. However, the state has announced that the sale of recreational marijuana may begin on April 21, 2022. Currently, there are 7 alternative treatment centers who have approval to begin sales on this date. Of course, these 7 companies are currently operating as medical marijuana treatment centers. Of the […]
Last year, we posted information on the Arizona Social Equity program award. You can read the article here: Arizona Marijuana Social Equity Program. At the time, the Arizona Department of Health Services had limited information on when the winners would be announced. At this time, the department has insight into the event. The Arizona Social […]
Since the cannabis industry is so fresh, many aspiring marijuana business owners have no idea how to estimate projected budgets, never mind yields, and cost of goods sold. Nor are they able to estimate the amount of time it will take for the business to see green (or make a profit). The cost of goods […]
We know we have said it before. Having a seed to sale tracking system is a crucial part of any cannabis operation. However, Nevada regulators have proven how important having a good system can be. According to MJ Biz Daily, a cannabis operator in Nevada currently has a suspended license to operate after failing to […]
New York approved adult use marijuana in March 2021. Since then, the state has been actively working to implement regulations for business owners in the industry to follow. The New York Office Of Cannabis Management recently released the regulations for adult use establishments. The regulations define license types, purchase limits, age restrictions, consumer taxes, and […]
Let’s start with the basics. How are your light schedules staged? Do you use an environmental regulation system? Are you hand watering, or using an irrigation system? Have you purchasing product in bulk? Lastly, how are you tracking the costs of all this overhead and applying that cost on a “per item” basis? In short, […]
Oklahoma has been an open market when it comes to the cannabis industry. Oklahoma rule currently has no cap on the number of marijuana licenses that can be approved. Specifically, there are currently over 8,000 cultivations, 1500 processors, and 2,000 dispensaries in the state of Oklahoma. However, the Oklahoma Medical Marijuana Authority (OMMA) has been […]
Virginia passes a recreational marijuana bill that would allow current licensees to start adult use sales in September. Previously, adult use sales would begin in 2024. However, the Virginia house of representatives must still pass the bill before recreational marijuana sales can occur. Consequently, the state plans to charge a $6 million dollar fee for […]
As of Wednesday January 26th, 2022, Mississippi adopted a comprehensive medical marijuana program. After Governor Tate Reeves signed Senate Bill 2095 on Wednesday, it became law immediately. Therefore, Mississippi became the 38th state to accept medical cannabis legalization. Under Senate Bill 2095, medical cannabis distribution licenses must be awarded to aide with expanding the market. […]
