Amy Davis

Government survey: Canadian recreational users spending CA$75 a month on marijuana

The Canadian cannabis industry has its clearest picture yet of the habits and behavior of the nation’s marijuana users, thanks to a newly released 2017 survey conducted by Health Canada ahead of next year’s recreational legalization. The findings from the Canadian Cannabis Survey suggest that marijuana demand will be greater than earlier government estimates have projected once […]

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Israeli medical cannabis company partners with DC cultivator

A medical marijuana company in Israel that already has a business presence in the United States is expanding that footprint by partnering with a Washington DC-based MMJ grower. Tikun Olam, an Israeli MMJ firm that specializes in genetics, said in a news release that it’s going into business with Alternative Solutions, one of the few […]

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Shake-up at National Cannabis Industry Association

A longtime board member has resigned and a newly hired chief of staff has been let go. That’s all happened in the past week at the Denver-based National Cannabis Industry Association. Kayvan Khalatbari, a co-founder of Denver Relief Consulting, told Marijuana Business Daily that he submitted his resignation as an NCIA board member Monday. Genifer […]

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New data puts size of Canada’s marijuana industry on par with wine

Canadians spent almost the same amount of money on black-market cannabis in 2015 as they did on wine, according to a new estimate by Statistics Canada, indicating the legalized marijuana sector could give the country’s alcohol industry a run for its money come legalization in mid-2018. The country’s underground cannabis market in 2015 was worth […]

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Cannabis software company raises $3.2 million

A Florida-based company whose software helps marijuana retailers implement customer relationship and loyalty strategies has raised $3.2 million. Boca Raton-based Springbig has now raised a total of $6.3 million, according to a company news release. The company’s latest funding round was led by Green Acre Capital and Halley Venture Partners, according to Springbig, and members […]

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Colombian firm with Canadian ties opens medical cannabis research lab

Colombian company FCM Global S.A.S. has launched a medical cannabis research and development lab in the South American nation. With a distribution office in Toronto, Medellin-based FCM Global joins the growing community of Colombian MMJ companies with ties to Canada. In October, for example, CannaVida SAS of Canada was awarded a license to grow, distribute […]

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Online marijuana marketplace Tradiv to shut down at end of year

Online cannabis marketplace Tradiv is closing its doors on Dec. 31 after the once promising Colorado tech company stumbled badly. Co-founder Geoff Doran said in an email to Marijuana Business Daily the company is closing because of the “missteps along our journey, some of our own making and some beyond our control.” He declined to […]

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Sweet Leaf undercover sting targeted budtenders for cannabis sales practices

The Denver Police Department’s undercover sting operation targeting Denver-area Sweet Leaf marijuana dispensaries netted 13 arrests involving the retail chain’s employees, some of whom may face felony charges for alleged improper sales practices. Many of those arrested were budtenders. They are accused of selling adult-use marijuana in amounts exceeding the 1-ounce limit allowed under state law, […]

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Denver marijuana tech firm Baker raises $8 million

Baker, a marketing automation software company serving marijuana dispensaries, has secured $8 million in Series A funding, bringing its total capital raises to $11.75 million. Denver-based Baker will use the money to fuel growth in California and Washington state, according to a company news release. The company – which some dub the Salesforce of cannabis – […]

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California hands out first 20 temporary state cannabis business licenses

California has issued the first of what will likely be many temporary business permits, in advance of the Jan. 1 launch of the state’s regulated cannabis industry. The 20 licenses granted Thursday include temporary permits for nine different companies, and all but one applied for multiple license types. For instance, eight of the permits went to […]

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Colorado certifies more hemp seeds, boosting approved cultivars to seven

Colorado has approved four more hemp cultivars, bringing the nation’s top hemp-producing state to seven varieties of certified seed. The new varieties, like the previously approved seeds, are intended for fiber and seed production. Colorado, the only state to certify hemp seeds, does not have any certified seeds suited for indoor cannabidiol production, currently the most […]

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