Several states could expand their medical cannabis programs this year through new laws or regulatory policies, opening the door to additional business licenses, more sales for existing cannabis operators and fresh business for ancillary companies. The business prospects in the eight states listed below might not be as glitzy as new, hundred-million-dollar-plus cannabis markets. But […]
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California unions ask state’s Democrats to shut out major cannabis trade group
The California Cannabis Industry Association might have a serious political problem in Sacramento.
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New Mexico medical marijuana businesses had issues with failed recreational legalization bill
While legalizing recreational marijuana in New Mexico appears dead until 2021, this year’s legislative measure was problematic enough that even the state’s leading medical marijuana operator had deep concerns. Duke Rodriguez, the CEO of UltraHealth, which is “100% committed to legalization,” said rejecting this nearly 200-page version was probably the right decision by lawmakers. “They […]
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Taxes a big factor behind the financial woes of California marijuana companies
The tax man is not popular in business circles, but that’s even more true in the cannabis industry. Particularly in California. Federal and state tax bills have become a major factor in the widening cash crunch that’s been developing in the California marijuana market for months, a trend that’s gotten so dire that many in […]
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Large US cannabis companies look to debt funding versus equity and sale-leaseback deals
Big marijuana companies in the United States increasingly are turning to debt as a funding tool, spurred by falling cannabis stock prices and terms that are more attractive than those for real estate sale-leaseback deals. Multistate operators Curaleaf, headquartered in Massachusetts, and Cresco Labs, based in Chicago, have led the way by announcing debt raises […]
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How cannabis vape companies can win back consumer confidence: Q&A with scientist Robert Strongin
The rate of people sickened or killed in the vaping health crisis has slowed dramatically since last year, but scientist Robert Strongin worries that vape companies and oil manufacturers might turn to pine rosin as a thickening agent. A professor of organic chemistry at Portland State University in Oregon, Strongin says pine rosin has “some […]
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Chart: Arizona’s medical marijuana market marches forward in 2019 with more patients, higher sales
Continual, steady growth has characterized Arizona’s medical marijuana market for the past few years, and 2019 was no exception. Arizona’s MMJ program added nearly 34,000 patients to its rolls over the course of the year – an 18% increase over 2018. The percentage of medical marijuana patients as a portion of the state’s population now […]
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California wholesale marijuana flower prices holding steady on lack of licenses, growing demand
California cannabis growers report a favorable wholesale market with increasing demand despite a lack of retail outlets and continued opposition to legal recreational marijuana from the majority of municipalities and counties in the state.
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Cannabis companies emerge from deadly outbreak with greater focus on technology.