Adam Grossman developed a marijuana-based pain balm that succeeded where other medicines and the local hospital failed, quelling a debilitating back pain that left his father bedridden. It was “an empowering experience” that Grossman turned into an infused cannabis business with a strong sense of brand – Papa & Barkley. Papa refers to Grossman’s father, […]
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Lessons learned in Colorado can benefit all aspiring recreational marijuana entrepreneurs
Marijuana executives in Colorado – both plant-touching and ancillary – have learned enough about doing business in a new adult-use cannabis market over the past five years to write textbooks on the topic.
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Ancillary marijuana companies hit by declining economies pivot to emerging MJ markets
Tumbling wholesale cannabis prices in some markets are devastating plant-touching operators and generating negative fallout for ancillary companies that provide services and products to those businesses. In order for supplementary companies such as accountants, consultants and security firms to continue to grow and maintain healthy revenue streams, some owners are looking to emerging cannabis markets […]
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Harvest Health sets cannabis industry standard with $850 million acquisition of multistate operator Verano
Arizona-based Harvest Health & Recreation reached a binding agreement to acquire Verano Holdings of Chicago for $850 million, a deal that’s considered to be the largest acquisition inked in the U.S. cannabis industry to date.
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Chart of the Week: California marijuana business licenses expiring at a rapid clip
California’s cannabis industry is facing a licensing quandary, which state legislation likely will address, but the situation could still prove problematic for businesses that want to comply with the law instead of joining the illicit market. The problem: Thousands of temporary business licenses – under which most of the legal MJ supply chain has operated since […]
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Seattle law firm sues US government over marijuana industry border bans
A Washington state law firm is suing the U.S. government in an attempt to gain “immediate” access to records it hopes will shed light on why some foreign nationals – particularly Canadians – have been denied entry to the United States because of their involvement in the legal cannabis industry. The suit targeting the U.S. […]
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Marijuana retail offers solid investment prospects
Retail investments can be tricky for several reasons, but it’s also a promising sector of the industry that is burgeoning across the country, with new markets are opening at a rapid clip.
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March Issue
The Farm Bill offers new business opportunities for hemp - plus banking, tax and insurance help.Read the Issue