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A $1 billion cannabis company? Recent deals shed light on marijuana valuations

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 […]

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5 business points to consider in Thursday’s high-stakes CBD court case

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 […]

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Latin America Update: Marijuana business developments in Chile and Argentina

(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 […]

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Cannabis businesses finding success in pet CBD market

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.

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New disclosure rules open door to fresh funding, M&As for Canadian cannabis companies in US

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 […]

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Week in Review: Oregon’s cannabis oversupply, marijuana job growth & hemp lawsuit

Oregon’s top prosecutor says the state’s marijuana industry has an oversupply problem, cannabis job postings are soaring, and a lawsuit targets a Vermont hemp producer. Here’s a closer look at some notable developments in the marijuana industry over the past week. Oregon’s ‘bloody’ market Oregon U.S. Attorney Billy Williams called a meeting of key officials […]

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