Tag: West Virginia

Virginia lawmakers this week resumed their quest to legalize adult-use marijuana retail operations in their state, the largest to legalize use and possession without also launching sales. Meanwhile, elected representatives in West Virginia reintroduced a recreational marijuana legalization proposal. In Virginia, state Sens. Adam Ebbin and Aaron Rouse introduced a bill that would allow for adult-use sales to begin in the state in 2025. It’s similar to an effort that failed last year. And the familiar standoff between Virginia’s Democratic lawmakers, who control both chambers… Read more.

No updates were provided on the timing for sale close. Columbia Care Inc. (CSE: CCHW) (OTCQX: CCHWF) reported modest first-quarter growth, despite economic headwinds and the closure of several retail locations, according to the cannabis company’s financial results for the period ending March 31, 2023. The U.S.-based cultivator, manufacturer, and retailer of cannabis products said its top-line revenue grew 1% from the same quarter in 2022 to $124.5 million. The growth beat expectations by $1.3 million and was largely driven by strong performance… Read more.

Cultivation of industrial hemp in the open in West Virginia fell nearly 50% from 2021 to 2022, according to U.S. Department of Agriculture (USDA) data outlined by WBOY. In all, there were 65 acres of hemp planted in the open in the state in 2021; in 2022, that fell to 35 acres.   The total area of hemp harvested in the state for all purposes also fell from 43 acres in 2021 to 30 acres in 2022, the report says. Hemp grown… Read more.