The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales.
Charity organizations are reluctant to take donations from cannabis companies, even if the state has legalized the industry. Organa Brands learned this the hard way.
Canadian cannabis producer Tilray says it will invest 20 million euros in a medical cannabis operation in Portugal after winning federal licences there.
Back in 1996, California became the first state to legalize medical marijuana, and in a few months, recreational use will be legal there too. Many are wondering how the development will impact the state’s wine industry.
Zynerba Pharmaceuticals Inc said on Monday its synthetic cannabis-based gel to treat epilepsy failed a mid-stage study, sending the U.S. drug developer’s shares plunging 50 percent.
Here, CEOs and cannabis executives share their advice on using social media to reach customers, suppliers, investors and the press.
Summer is hot and ice cream is cool, but cannabis ice cream is even cooler. With National Ice Cream Day on July 16, 2017, cannabis consumers in Colorado have three options: get high and eat ice cream; make cannabis-infused ice cream or go to a dispensary and buy cannabis ice cream.
The chief executive of licensed marijuana producer Aphria Inc. is calling on his competitors to disclose and reduce their production costs well in advance of the coming legal recreational market.
MJIC Inc., the company behind the much-discussed Marijuana Index*, tracks U.S. and Canada-traded weed stocks and has been used as the base for the main cannabis ETFs out there. However, the media seems to have emphasized only one of the company’s multiple business segments.
Canada’s recreational cannabis legalization is planned for a rollout in July 2018, but provinces and territories are in charge of drafting and establishing jurisdiction-specific rules, so they’ve been working hard to create rules that fall within the country’s legalization framework.
Two online marijuana shipment businesses are under investigation by Denver’s Better Business Bureau. On June 15, 2017, the BBB announced that it was investigating Denver Marijuana and Denver Smoke Buds for illegally mailing marijuana, among other reasons.
Multi-state cannabis company iAnthus Capital Management has now planted its flag in New York with Monday’s announced acquisition of Valley Agriceuticals.
It seems the advent of the Trump Administration has yet to dissuade banks from serving state-legal marijuana businesses. According to a marijuana banking update issued by the Financial Crimes Enforcement Network, a growing number of financial institutions are banking marijuana money in the United States.
On May 23, 2017, in California, the Oakland medical cannabis permit application was released for those interested in cultivating, manufacturing, distributing, delivering, transporting and testing medical cannabis.
On May 23, 2017, the Oregon Employment Department’s Workforce and Economic Research Division released the most recent results of its marijuana employment tracking, identifying rapid growth in the recreational sector.
On May 23, 2017, Dave Jones, Insurance Commissioner for the California Department of Insurance, brought together a group of 63 insurance-related stakeholders to discuss cannabis protections for state-legal cannabis businesses.
All three of the California agencies charged with implementation of the Medical Cannabis Regulation and Safety Act released their initial draft of new cannabis rules on April 28, 2017. This long-awaited event puts some meat on the ‘til-now skeletal ideas of what is going to happen in California as the expansion of the state-legal cannabis industry into adult recreational use moves forward.
The Scotts Miracle-Gro Company has positioned itself to benefit from the rising support for marijuana without directly cultivating the plant itself, so as to avoid any legal repercussions.
On April 26, 2017, New Frontier Data, an analytics firm, announced that it had released The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook, revealing some compelling data on the market habits of medical cannabis patients and recreational cannabis consumers across the country.
Sonoma County, California, is taking a proactive step to help local medical cannabis stakeholders get up to speed on county requirements for zoning, permitting and compliance across the supply chain.
When it comes to the cannabis industry, it’s difficult to even find an accurate comparison in business. Every business in this industry is effectively a startup in addition to the fact that we’re in one of the newest and fastest growing industries in the world; that makes it like a startup on steroids. To say it’s unpredictable and risky is an understatement.
Online sales could be one way recreational marijuana is sold after legalization. Canopy Growth, the parent company of Tweed, Bedrocan, and Mettrum, is preparing to launch a website that will sell marijuana from all three producers in one place.
At the California Cannabis Business Expo on March 8, 2017, entrepreneurs and investors interested in the science and technology of medical cannabis were given a crash course in the future of cannabis, and cannabidiol, as an alternative to pharmaceuticals by Hemp Business Journal founder Sean Murphy.
in January 2018 two distinct California state laws will come into effect, the Medical Marijuana Regulation and Safety Act and the Adult Use Marijuana Act, the mandating act for a new adult-recreational industry. So the question is: what hoops is an entrepreneur going to have to jump through to avail himself of this double opportunity?
Stephen Goldner, Senior Forensic Toxicologist at Quantum 9, learned early on how to work with the FDA, having developed the FDA-approved liquid dose form of methadone with his mentor John Broich. Hear Goldner discuss what role the FDA would likely play in life after medical cannabis legalization.
Gummies and mints are turning out to be marijuana hits at recreational dispensaries. “From the beginning, cannabis consumers embraced our gummies as well as our approach to crafting edibles,” said Americanna CEO and founder Dan Anglin.
Say goodbye to post-cannabis munchies with this chewing gum. Munchies B Gone helps cannabis users regulate their marijuana-induced hunger by reducing cravings.
Dano Keys of FlexMOD Solutions provides insight to the company’s sophisticated manufacturing system for cannabis production.
These people quit their day jobs to capitalize on the growing marijuana industry by building their own cannabis related business
The company announced Tuesday positive top-line results from a mid-stage placebo-controlled study of a proprietary combination of tetrahydrocannabinol, or THC, and cannabidiol, or CBD, for treating glioblastoma multiforme, or GBM.
The cannabis industry seems unstoppably ascendant at the moment. Medicinal marijuana is now legal in 28 states plus D.C., while recreational marijuana is legal in nine states plus D.C., which opens the doors for a lot of new business opportunities.
Drayah Sallis and Michelle Lilly-Hester of Healthway Education Systems talk patient and physician relationships at the World of Cannabis Summit.
Cannabis and ecommerce would complement one another like seed and soil, if only federal law would allow it.
While non-food-contact surfaces are critical to the form and function of a facility for edibles, food-contact surfaces are at the frontline of food safety. Equipment purchases have to ensure hygienic design and permit efficient disassembly for cleaning, scrubbing, inspecting and sanitizing.
“Obtaining our license to sell cannabis oils is another major milestone for Aurora, said Terry Booth, chief executive.
Right now, California’s marijuana industry for all intents and purposes is a cash-only business.
On Jan. 9, 2017, MedMen, a turnkey marijuana management company based in California, acquired Bloomfield Industries, one of New York’s five organizations licensed to grow and distribute medical marijuana
The marijuana industry is proving to be profitable for landlords, with businesses willing to pay premium rents. Conversely, it is also complex and has many details from a risk management standpoint.
Can a taxpayer who sells medical marijuana which is subject to the IRC §280E disallowance rules also be engaged in another business not subject to IRC §280E?
On Dec. 15, 2016, the Arctic Herbery opened its doors to recreational cannabis customers in Anchorage, Alaska.
On Dec. 9, 2016, the Natalie M. LaPrade Maryland Medical Cannabis Commission named the 102 recipients of Stage One dispensary license pre-approvals, concluding the state’s application process for growers, processors and dispensaries.
On Dec. 9, 2016, the journal Cannabis and Cannabinoid Research announced the results of a recent study of dispensary staff, with only 55% of dispensary staff reporting that they had received formal training to dispense cannabis to consumers.
On Dec. 8, 2016, Assistant Professor Paul Seaborn of University of Denver’s Daniels College of Business released the Colorado Marijuana Market Report, an analysis of the Colorado Marijuana Enforcement Division’s raw license data that found Colorado had a record-high of 2,913 active marijuana business licenses as of Dec. 1.
According to a recent report from Cowen and Company, the legalization of cannabis is starting to affect beer volumes in Colorado, Oregon and Washington.
In Anchorage, Alaska, the Alaska Department of Revenue’s Tax Division has started to receive its first batch of cash tax payments on legal cannabis sales and transfers.
On Nov. 23, 2016, OrganiGram Holdings Inc. (TSXV:OGI), a licensed producer of medical marijuana in Canada, announced that the company had been chosen by Trailer Park Boys, a Nova Scotia-based Netflix original series, as its exclusive marijuana producer, business partner and brand developer.
The Oregon Liquor Control Commission announced via email on Nov. 17 that it’s anticipating an influx of applications from prospective recreational marijuana businesses. If you hope to become a licensed recreational processor and want to avoid delays in having your application processed, compliance is critical.
The Humboldt Institute for Interdisciplinary Marijuana Research, based at Humboldt State University, has launched the HIIMR Medical Cannabis Business Registry to capture data on California’s marijuana industry.
Like all companies that sell marijuana products, Washington state-based Interra Oils must comply with a myriad number of packaging and labeling rules before it can make a sale.
Last month, the U.S. Court of Appeals for the Ninth Circuit in San Francisco issued an opinion in United States v. McIntosh that essentially eviscerates the power of the federal government to prosecute cannabis businesses that strictly comply with state medical marijuana laws.