Marijuana businesses are increasingly bringing on former national and state politicians and regulators to help them navigate the ever-changing landscape surrounding cannabis legislation and related lobbying efforts as they look to move the industry forward. Earlier this month, for example, Maryland-based Green Leaf Medical announced it hired Joy Strand, a former executive director of the state’s Medical […]
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Trulieve fights short-seller report as its dominance in Florida medical cannabis market continues
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, is fending off attacks raised in a recent negative research report as competitors try to cut into the company’s nearly 50% market share in the state. Grizzly Research promotes itself as doing in-depth research of publicly held companies, but its website doesn’t list a headquarters address or […]
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Chart: Good – not great – first year of medical cannabis sales in Ohio
Ohio’s medical marijuana industry pulled in nearly $60 million in its first year of sales, with increased access to dispensaries and falling prices making up for the market’s sluggish start. Roughly 50% of the state’s total medical marijuana sales came in the last quarter of 2019, but it wasn’t enough to drive sales to the heights […]
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Several states could legalize cannabis sales in 2020 as marijuana industry eyes lucrative East Coast market
Up to a dozen states could legalize adult-use or medical marijuana in 2020 through their legislatures or ballot measures, although only about a handful will likely do so.
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Think you may have to lay off cannabis employees? There are ways to avoid it
Marijuana businesses in the United States and Canada were forced to let go hundreds of cannabis employees in 2019. Here are some steps to avoid layoffs.
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Week in Review: IL adult-use marijuana stores face shortages, Michigan early recreational MJ sales near $6.5M, Harvest pivots on deals & more
After the Jan. 1 launch, some Illinois adult-use cannabis retailers have cut off customers temporarily to conserve inventory, recreational marijuana sales in Michigan hit almost $6.5 million in first month, Harvest Health & Recreation looks to terminate an acquisition – and more of the week’s top MJ business news. Huge rec sales in Illinois lead to some shop closures The […]
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Some marijuana firms turn to small investor opportunities in tight funding climate
Cannabis companies in the United States currently face a tough environment in terms of raising money. However, as an example of how marijuana businesses are looking to address this funding challenge, one California producer is turning to mom-and-pop investors as opposed to venture capital. Goldenseed, a privately owned Santa Cruz-based cultivator and processor, said it […]
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New Massachusetts training program helps cannabis companies avoid hefty noncompliance fines
It was down to the wire for some Massachusetts marijuana companies to meet a Jan. 1 deadline to train managers and employees under a new compliance and safety program that is the first of its kind in the nation. The state’s Responsible Vendor Training Program is designed to support licensee compliance and enhance the safety of […]
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