There has been a flurry of business activity this year by several multibillion-dollar companies in the alcohol and tobacco space looking to capitalize on opportunities in legal marijuana.
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Farm Bill agreement allows nationwide hemp cultivation for any use – including CBD
A long-awaited end to five decades of hemp prohibition has been approved by a House-Senate panel, opening the door to hemp production in all 50 states for any use – including CBD.
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Oklahoma’s medical cannabis market set for major growth, with business competition fierce
Oklahoma broke the mold with its new medical marijuana program: The state has no numerical cap on business licenses, and doctors are free to recommend MMJ for any condition they deem appropriate. The lack of restrictions is attracting hundreds of would-be MJ business owners since the program launched in late August – a situation that […]
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Chart: Significant challenges await Iowa’s new medical cannabis program
The financial viability of Iowa’s newly launched medical marijuana program may be in question due to: High licensing fees. A restrictive list of qualifying conditions. Limited buy-in from patients and physicians. Widespread confusion about product availability. While Iowa is considered by many to be a CBD-only state, the launch of MMJ sales through licensed dispensaries […]
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What is ‘marijuana’? Name game limits cannabis entrepreneurs
The old debate about what to call the plant cannabis sativa L. is giving businesses real-world headaches in both new and established marijuana markets. Consider: Iowa allows medical marijuana but calls it something else. Texas restricts medical marijuana so severely that doctors must break the law to use the state’s program. California officials are struggling […]
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Trump taps Justice Department veteran William Barr as attorney general
President Trump said Friday he is nominating William Barr – who served in the first Bush administration – to replace former U.S. Attorney General Jeff Sessions, who was an outspoken critic of marijuana legalization.
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Marlboro maker, Cronos join forces in exclusive CA$2.4 billion deal to tap global cannabis opportunities
Altria Group, one of the largest tobacco companies in North America, has agreed to invest 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group – the most significant foray by Big Tobacco into the rapidly growing cannabis industry to date.
Altria also agreed to make Cronos its exclusive partner for international cannabis opportunities.
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Week in Review: Phony CA lab data, Utah gov signs medical marijuana bill & ex-Sweet Leaf execs jailed
The results of hundreds of marijuana lab tests in California are alleged to have been falsified, Utah’s governor signs a compromise medical cannabis bill, and two former executives from MJ retailer Sweet Leaf land in jail. Here’s a closer look at some notable developments in the marijuana industry this week. California lab fallout repercussions The […]
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November/December Issue
Growing Ambition. Companies leverage capital, partnerships and diversification to expand beyond state lines.Read the Issue