Liquor and tobacco companies move into the cannabis sector, Detroit officials block medical marijuana dispensaries, and raids in Tennessee close 23 stores for selling CBD products. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of things to come The recent revelation by liquor distributor Pernod Ricard’s CEO […]Read More
(This is the ninth installment in a series that examines hemp markets in U.S. states. Other installments: Nevada, New York, North Carolina, North Dakota, Oregon, Tennessee, Vermont and Virginia.) No hemp discussion goes far in the United States without a mention of Colorado, where more than half the nation’s 2017 hemp production occurred. Colorado has more acres in hemp, more farmers […]Read More
Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion? Captor Capital, a Toronto-based investment firm, certainly thinks so. In January, Captor announced it entered into a nonbinding letter of intent to purchase 3% of the California-based cannabis management and investment firm MedMen Enterprises for $30 million. The […]Read More
The Hemp Industries Association and a handful of cannabis entrepreneurs are taking the U.S. Drug Enforcement Administration to court Thursday in a high-stakes case over the agency’s 2016 pronouncement that CBD is an illegal drug – the same as marijuana. The case won’t be decided for months, but the outcome is important for the entire […]Read More
(As Marijuana Business Daily ramps up its coverage of the global cannabis market, it’s launching a series examining recent marijuana legalization and business developments worldwide. The first few installments will focus on Latin America, starting with Chile and Argentina.) While Canada and the United States dominated marijuana headlines over the past year, their neighbors in […]Read More
An increasing number of cannabis companies are directing their efforts at four-legged users.
And there’s more than a billion reasons for that trend.
U.S. pet owners spent more than $30 billion in 2016 on pet supplies, treatments and veterinary care, according to the American Pet Products Association, an industry group representing pet product manufacturers and importers.Read More
The flow of financing and acquisitions involving cross-border marijuana companies is expected to pick up after new risk-disclosure rules were unveiled last week that provide greater clarity for Canadian companies with U.S. operations, said analysts and executives. The updated requirements from the Canadian Securities Administrators (CSA) were anticipated after the regulatory group said in January it would […]Read More
The number of banks and credit unions actively serving the marijuana industry has jumped nearly 30% from a year ago. But U.S. Attorney General Jeff Sessions’ decision to repeal the Cole Memo may prevent further involvement by banking institutions looking to work with cannabis-related businesses.Read More