Cannabis vaporizer sales show an uptick in some crucial markets even as far more state vape bans seem, Californians say they want to see the quantity of recreational marijuana shops improved, health-related marijuana cultivators sue more than plant limits in New Mexico – and far more of the week’s major cannabis small business news.
MJ vape sales indicate some stabilization
Immediately after various weeks of declines amid the national vaping crisis, marijuana vape sales showed indicators of stabilization in some key recreational U.S. cannabis markets.
For instance, vape’s share of the recreational cannabis market place 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 market place share in the state up almost 1 percentage point, to 25.two%
In Nevada and Washington state, vape’s share of the adult-use cannabis market place has risen in current weeks, albeit far more steadily.
Colorado bucked that trend, with vape’s market place share continuing to slide.
MJBizDaily takeaway: It is also early to inform if spending on vape merchandise rebounds to pre-crisis levels – or no matter if it will make a extended-lasting impression on sales in the vape category.
For far more of Marijuana Company Daily’s ongoing coverage of the vaping crisis, click right here.
Washington state to ban vaping merchandise
Washington state Gov. Jay Inslee ordered state well being officials to impose an emergency ban on all flavored marijuana vaping merchandise and flavored e-cigarettes.
MJBizDaily takeaway: Vape sales account for about 1-sixth of all recreational cannabis sales in Washington state, according to Headset, a Seattle-primarily based cannabis analytics firm.
That is a huge chunk of small business, even if not all sales are “flavored.”
Most bulk processors flavor their merchandise, but state regulators will define “flavored” at an Oct. 9 meeting.
If they choose that terpenes are flavorings, that could outcome in a considerable blow to sales.
What’s unclear, even so, is how shoppers will react: Some or most may perhaps switch to obtaining flower, pre-rolls or other MJ merchandise rather.
Hence far, the wholesale flower market place 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 merchandise, filed a lawsuit asking a federal court to finish a 4-month vaping ban that involves cannabis merchandise, lately instituted in Massachusetts.
MJBizDaily takeaway: Even if a ruling in favor of the plaintiffs occurs, it does not assure cannabis businesses will see any impact due to the fact a footnote in the complaint notes that the VTA request for relief particularly excludes cannabis businesses, according to lawyer Adam Fine, a companion in Vicente Sederberg’s Boston workplace.
On the other hand, the judge could rule broadly and choose the ban does not apply to any individual.
Or the judge could rule narrowly, and choose specifically as the complaint specified – excluding marijuana vaporizer enterprises from relief.
Could California poll stimulate MJ small business?
A current poll shows that far more than two-thirds of Californians think legalizing recreational marijuana has verified a constructive move.
MJBizDaily takeaway: The survey benefits indicate demand could stay sturdy for added retail shops across the state, if only far more municipalities opted into legalization.
Combined with the vaping crisis, marijuana advocates have a sturdy argument for why municipalities must help a legal market, rather than continuing to enable illicit sales to flourish.
New Mexico fight more than plant limits
3 health-related marijuana businesses in New Mexico are suing state regulators more than a rule that caps the quantity of cannabis plants every single corporation can develop at 1,750.
This follows a ruling that the preceding 450-plant cap was also limiting.
MJBizDaily takeaway: With far more than 77,000 individuals registered for New Mexico’s health-related cannabis plan, MMJ producers contend they will will need to develop substantially far more plants than 1,750 per corporation 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 far more credence to the argument that health-related cannabis businesses must be permitted to develop far more plants.