Eli McVey

Chart: Regulatory framework in place for Michigan medical marijuana businesses

With applications released and emergency regulations in place, prospective entrepreneurs have begun applying for MMJ business licenses in Michigan – the second-largest MMJ market in the nation.

Through a trio of bills passed in 2016, Michigan finally established a regulatory framework to govern its long-standing medical marijuana industry, which has existed under a patchwork of local regulations since a 2013 state Supreme Court ruling deemed dispensaries illegal.

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Marijuana Business Daily’s annual cannabis industry survey extended to Dec. 22

The deadline for executives and major investors in the cannabis industry to participate in Marijuana Business Daily’s annual industry survey has been extended until Friday, Dec. 22. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis companies are invited to […]

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Chart: Diversity still a hot topic in Maryland’s medical marijuana industry

Over 35% of those with an ownership stake in a Maryland medical marijuana company – and nearly 60% of those employed by MMJ businesses – are racial minorities, according to preliminary data released by the Maryland Medical Cannabis Commission. But some industry watchers believe those numbers don’t tell the whole story and still contend that […]

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Chart: How California’s largest cities are regulating recreational marijuana

California’s recreational marijuana program is set to launch Jan. 1, and lawmakers have laid the regulatory foundation to govern the new industry at the state level. But at the local level – where municipalities can further regulate or even outright ban marijuana businesses – California’s largest cities are in varying stages of the rulemaking process.

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Chart: Value of largest Canadian, US marijuana companies

A limited number of medical marijuana producers in Canada, combined with rising patient counts, growing MMJ sales and impending federal legalization of adult use, have enabled the country’s licensed cannabis companies to grow much larger than their U.S. counterparts.

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Marijuana Business Daily’s annual cannabis industry survey underway

Marijuana Business Daily has launched its annual survey of executives and major investors in the cannabis space, which will help the company provide key market, financial and operational data for businesses and entrepreneurs. Executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis […]

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Chart: Most effective forms of advertising for cannabis businesses

Many marijuana business owners identified word of mouth and social media as the most effective methods of marketing/advertising for their companies, according to data gathered for the Marijuana Business Factbook 2017. Small marketing budgets, restrictions on certain forms of advertising and resistance from mainstream media platforms to accept cannabis-related ads mean marijuana businesses must find […]

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Chart: Medical marijuana patient counts surging in Florida

Despite a shaky rollout, Florida’s full-fledged medical marijuana industry is off to an explosive start. More than 30,000 patients have enrolled in the MMJ program since June – a 183% increase – and total patient counts will soon eclipse 50,000. Here’s what you need to know about the situation: Seventy-one percent of Florida voters approved […]

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Chart: 42% of marijuana business owners plan to expand into new markets

By Eli McVey Over 40% of cannabis business owners are planning to take their companies into a new market within the next year, according to a Marijuana Business Daily survey. Of the business owners intending to expand, the vast majority have identified opportunities in both the medical and recreational markets.

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