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Starting up, scaling and moving on: Q&A with cannabis pioneer Tripp Keber

Tripp Keber took many by surprise in December when he stepped down as CEO of Denver-based Dixie Brands, one of the most successful multistate companies in the marijuana industry.

His decision to exit the edibles company seemed to come out of the blue. But, in fact, it was more than a year in the making.

The notion to leave Dixie took root in late 2016, when Keber started reading John Hamm’s Harvard Business Review article, “Why Entrepreneurs Don’t Scale.”

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Tripp Keber resigns as CEO of marijuana edibles powerhouse Dixie Brands for new role

One of the more colorful and well-known executives in the marijuana industry is handing over the reins of the Denver company he helped transform into an edibles powerhouse with national reach.

Tripp Keber, the co-founder and CEO of Dixie Brands, resigned from the company Friday afternoon, effective immediately, to assume a new role in the marijuana industry.

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Arcview deal highlights increased institutional involvement in cannabis

The acquisition of Oakland, California-based The Arcview Group boasted a relatively small price tag, but the impact to the cannabis industry as a whole might be more substantial than the $7.7 million sum. The deal was structured as a Series A funding but was effectively a takeover by the main investors, Trivergance and Cresco Capital […]

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Exclusive: US marijuana sales may reach $10 billion this year, $22 billion by 2022

Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year – a nearly 50% increase from 2017 – and rise as high as $22 billion by 2022. That’s according to exclusive projections from the 2018 edition of the Marijuana Business Factbook released Wednesday at the […]

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Passing the Baton

How cannabis CEOs who founded companies can tell when it’s time to call it quits and appoint a successor By Margaret Jackson When is a good time to give up the responsibilities of the corner office? It’s a question that confronts a growing number of top marijuana industry executives who founded their businesses. As the […]

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Marijuana-infused products maker Dixie Brands lands $4M in funding

Dixie Brands, a marijuana-infused products maker in Denver, landed $4 million in its latest funding round. The company is the parent of Dixie Elixirs, which offers a range of cannabis-infused drinks, sweets, topical ointments and other products. Dixie Brands CEO Chuck Smith said the money will be used for product and distribution expansion, according to […]

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Stock-based compensation drives up MassRoots’ red ink to $44M in 2017

Turmoil-plagued marijuana tech company MassRoots suffered a $44.3 million loss in 2017, a large portion of which can be attributed to $22 million in stock-based compensation the company handed out during the year. Losses in 2016 totaled $18 million. The Denver-based company’s annual report, filed Tuesday with the U.S. Securities and Exchange Commission, also revealed the […]

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High-Profile Stumbles

Some notable names in the marijuana industry suffered setbacks in 2017 By John Schroyer While 2017 was another good year for cannabis, it also marked a negative milestone for some well-established Colorado marijuana companies. Their stumbles serve as a reminder of just how far the marijuana business has to go as it matures as a […]

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Chart: Sales growth slowing in Colorado’s recreational marijuana market

Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity. Despite a couple of record-setting months in 2017 – when sales eclipsed $100 million – the sales gains for Colorado’s rec market have been shrinking over the past three […]

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MassRoots board resigns; Dietrich reinstated as CEO

In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them.

“I am back at MassRoots,” an elated Dietrich told Marijuana Business Daily on Wednesday.

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Ex-MassRoots CEO makes move to oust board, current leadership

MassRoots founder and former CEO Isaac Dietrich on Monday filed paperwork with federal regulators to call for a special meeting and new shareholder vote, an attempt to force his way back into the company and dethrone the other board members who fired him last month. Dietrich – who owns 15.82% of the company’s outstanding stock […]

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