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Week in Review: CannTrust’s cannabis regulatory woes, Florida MMJ caps, push for Congress’ support of STATES Act & more

Published July 12, 2019 | By Marijuana Business Daily staff

CannTrust is zapped by Health Canada for unlicensed cannabis cultivation, Florida’s medical marijuana license caps and vertical integration regulations are ruled unconstitutional, marijuana advocates urge a U.S. Congressional panel to support states-rights marijuana legislation – plus more of the week’s top marijuana business headlines. Bad week for Canadian marijuana grower Ontario company CannTrust was hit […]

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Lessons learned by Washington state cannabis firms after 5 years of recreational sales

Published July 11, 2019 | By Bart Schaneman

Washington state rolled out the world’s second adult-use marijuana market on July 8, 2014, following closely behind Colorado, which began recreational sales at the start of that year. Over the past five years, Washington state cannabis business owners have persevered through stiff competition, a shifting regulatory landscape and sliding market prices. A study released by the […]

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Downturn in California lab-tested marijuana batches adds to confusion over state’s supply chain

Published July 10, 2019 | By John Schroyer and Maggie Cowee

The number of marijuana product batches undergoing laboratory testing in California has dipped in recent months, sparking worries among some industry officials over the health of the state’s cannabis market and the possibility that product supply is dwindling. But several insiders also were careful to note it’s too early to reach any conclusions based on […]

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Chart: Diversification enhances profitability of marijuana product manufacturers – to an extent

Published July 9, 2019 | By Maggie Cowee

Makers of cannabis products are more likely to turn a profit if they offer merchandise across multiple categories – but that profitability declines if a manufacturer produces too many types of goods. For companies offering products across a single category, 27% described their business as profitable compared with roughly 50% of companies offering products across […]

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Marijuana Business This Week: Ohio eyes medical cannabis additions, Iowa MMJ fight, L.A. deadline & more

Published July 8, 2019 | By Marijuana Business Daily staff

Here are some notable stories and events in the cannabis industry to watch for in the coming days: OHIO BOARD DELIBERATES: After tabling discussions last month about adding autism spectrum disorder and anxiety to the list of qualifying conditions for its medical marijuana program, the State Medical Board of Ohio is expected to resume deliberations […]

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Week in Review: Canopy’s Linton out, NJ ups medical cannabis licenses, 280E MJ tax case a no-go with Supreme Court & more

Published July 5, 2019 | By Marijuana Business Daily staff

Canopy Growth’s board sacks CEO Bruce Linton, New Jersey boosts number of medical marijuana business licenses, the U.S. Supreme Court declines to hear a 280E marijuana tax case – plus other important news from around the industry. Linton out as Canopy faces pressure from Constellation Bruce Linton, CEO and chairman of Canada’s Canopy Growth, the […]

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Linton’s firing by Canopy follows string of losses, may raise concerns about cannabis sector-mainstream partnerships

Published July 3, 2019 | By Nick Thomas

Former Canopy Growth co-CEO Bruce Linton may have had suspicions about his future when a special board meeting of the Canadian cannabis giant was convened last Friday. Even though Linton was also Canopy’s chair, he didn’t call the meeting. By Wednesday, Linton was filling up his car with gas at Costco and contemplating his future […]

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