Cannabis vaporizer sales show an uptick in some crucial markets even as extra state vape bans seem, Californians say they want to see the quantity of recreational marijuana retailers improved, health-related marijuana cultivators sue more than plant limits in New Mexico – and extra of the week’s top rated cannabis enterprise news.
MJ vape sales indicate some stabilization
For instance, vape’s share of the recreational cannabis industry in California fell for 4 consecutive weeks, from 30.five% the week of August 19 to 24.three% by the week of September 16. But the most current information shows vape’s industry share in the state up almost 1 percentage point, to 25.two%
Colorado bucked that trend, with vape’s industry share continuing to slide.
MJBizDaily takeaway: It is as well early to inform if spending on vape solutions rebounds to pre-crisis levels – or no matter if it will make a extended-lasting impression on sales in the vape category.
Washington state to ban vaping solutions
That is a substantial chunk of enterprise, even if not all sales are “flavored.”
Most bulk processors flavor their solutions, but state regulators will define “flavored” at an Oct. 9 meeting.
If they determine that terpenes are flavorings, that could outcome in a substantial blow to sales.
What’s unclear, having said that, is how customers will react: Some or most could switch to shopping for flower, pre-rolls or other MJ solutions alternatively.
Therefore far, the wholesale flower industry in the West seems largely unaffected by the vaping crisis.
Pushback to Massachusetts vaping ban
The Vapor Technologies Association (VTA), a national group that focuses on nicotine-containing vape solutions, filed a lawsuit asking a federal court to finish a 4-month vaping ban that contains cannabis solutions, lately instituted in Massachusetts.
MJBizDaily takeaway: Even if a ruling in favor of the plaintiffs occurs, it does not assure cannabis corporations will see any impact mainly because a footnote in the complaint notes that the VTA request for relief particularly excludes cannabis corporations, according to lawyer Adam Fine, a companion in Vicente Sederberg’s Boston workplace.
Nonetheless, the judge could rule broadly and determine the ban does not apply to anybody.
Or the judge could rule narrowly, and determine precisely as the complaint specified – excluding marijuana vaporizer corporations from relief.
Could California poll stimulate MJ enterprise?
A current poll shows that extra than two-thirds of Californians think legalizing recreational marijuana has established a constructive move.
MJBizDaily takeaway: The survey final results indicate demand could stay sturdy for added retail retailers across the state, if only extra municipalities opted into legalization.
New Mexico fight more than plant limits
This follows a ruling that the preceding 450-plant cap was as well limiting.
MJBizDaily takeaway: With extra than 77,000 individuals registered for New Mexico’s health-related cannabis system, MMJ producers contend they will want to develop substantially extra plants than 1,750 per enterprise to provide the program’s demand.
If New Mexico regulators can sort out the dilemma more than issuing MMJ identification cards to out-of-state residents, then the provide will be even additional strained, providing extra credence to the argument that health-related cannabis corporations really should be permitted to develop extra plants.