MJBizDaily Newsletter

Get our daily email

We value your Privacy.
More Exclusive Features

Chart: Most California municipalities ban commercial cannabis activity

Published February 18, 2019 | By John Schroyer and Eli McVey

Two-thirds of California municipalities prohibit marijuana businesses from setting up shop, underscoring the hurdles MJ entrepreneurs face in trying to break into the world’s largest legal cannabis market. Only 161 of California’s 482 municipalities and 24 of the 58 counties have opted to allow commercial cannabis activity of any sort, according to data from CannaRegs, […]

Read More

After string of successes, multistate cannabis firm MedMen forced to confront adversity

Published February 14, 2019 | By John Schroyer

In November, California-based cannabis retailer MedMen began advertising for a crisis management planning manager. According to the job posting, the position was intended to support the company’s “employees and business units in building, sustaining and improving MedMen’s capability to prepare for, mitigate against, respond to and recover from all hazards.” In hindsight, the posting seemed […]

Read More

Congressional hearing on marijuana banking boosts industry hopes for reform, but passage far from assured

Published February 13, 2019 | By Jeff Smith

Major issues facing the cannabis industry, such as limited access to banking services, have stalled in Congress without even getting a hearing, much less a floor vote.

That will change Wednesday, when a subcommittee of the now-Democratic-controlled House Financial Services Committee hears testimony on the difficulty legal cannabis businesses have opening and maintaining bank accounts.

Read More

How Canadian firms and money are shaping US cannabis sector: Q&A with The Apothecarium’s Ryan Hudson

Published February 12, 2019 | By John Schroyer

Ryan Hudson co-founded The Apothecarium in San Francisco in 2011. On Monday, he agreed to sell the retail company and its assets to a Canadian wellness firm for a cool $118 million to help fuel future growth. Hudson – who will remain The Apothecarium’s CEO – is the latest in a slew of California marijuana executives who’ve sold […]

Read More