GrowLife Inc., a publicly traded company that provides cultivation equipment and related technology to the medical marijuana industry, reported a sevenfold increase in revenues during the first quarter but also sunk deeper into the red mainly due to noncash charges....
Note: Periodically, MMJ Business Daily will explore the marijuana business climate in smaller medical cannabis states that typically fly under the radar from a national perspective. In this post we'll focus on Maine. Most medical marijuana states with dispensaries...
Dispensary owners affected by credit card companies’ moves to cut ties with the medical marijuana industry in recent years could find it exceedingly difficult to open merchant accounts for other businesses – even ones that are not involved in cannabis.
If it isn't one thing for California's medical marijuana industry, it's another. The MMJ business climate in the state is as turbulent as it gets, with dispensaries and related businesses under assault on many fronts and facing life-threatening challenges on a routine...
The future of the marijuana industry is extremely bright, at least if you ask those who have hitched their wagon to it. Roughly 80% of executives at ancillary cannabis companies said they expect to grow this year, according to exclusive survey results in the Marijuana...
Colorado entered the cannabis history books yet again yesterday, becoming the first state in the nation to officially pass regulations covering the cultivation and sale of marijuana for adult use. On the final day of session, the state legislature approved several...
By Robert E. Hunt So you want to open a medical marijuana dispensary in Massachusetts? Before you go any further, you may want to examine what you're up against. The Massachusetts Department of Public Health (DPH) released its final regulations this week for the...
The headlines coming out of California and Washington state over the past few weeks conjure up memories of last spring, when the medical marijuana industry was under assault on many fronts amid a widespread crackdown on cannabis businesses.
The California Supreme Court's landmark ruling yesterday allowing cities to outlaw cannabis dispensaries leaves the local medical marijuana industry in disarray, ensuring that a confusing patchwork of bans continues to exist across the state. Medical cannabis...
The medical marijuana industry may have finally turned a corner on the financing front, as evidenced by two important developments last week: #1. Five ancillary cannabis companies received a combined $1 million in funding commitments - a number that could swell to...
One of the more prominent publicly traded cannabis companies has come under fire recently in blogs and stock message boards for its financial accounting methods and other issues, spooking investors and forcing the firm to address the allegations in a recent letter to...
Five startup cannabis firms have received commitments for a combined $1 million in financing from angel investors, providing yet another indication that the investment climate is improving as marijuana gains more traction and acceptance across the US. The tentative...
