Pennsylvania’s medical cannabis market, praised for its smooth operation, is expected to nearly double to $400 million-$500 million in sales this year and reach $1 billion in sales within three or four years. Buoyed by the market’s success, current licensees have...
Roughly a half-dozen companies with ties to the cannabis industry received $3.5 million to $8.7 million from the federal government's Paycheck Protection Program designed to help small businesses keep workers employed during the COVID-19 pandemic. According to Law360,...
Oklahoma medical marijuana regulators are administering laboratory testing after a three-month grace period to ensure enough licensed labs are in place amid the coronavirus pandemic. The mandatory testing requirements apply to all marijuana products sold by a grower...
Denver-based Schwazze, formerly Medicine Man Technologies, said it has terminated acquisitions of two Colorado marijuana businesses - cultivator Los Sueños Farms and concentrates company Dabble Extracts. Schwazze, a vertically integrated operator, said in an investor...
Medical and recreational cannabis sales in the United States are on track to exceed $15 billion this year, a jump of 40% over 2019, according to the new Marijuana Business Factbook.
Based on signatures submitted to the state this week, an industry-backed initiative to legalize a commercial recreational marijuana market in Arizona appears likely to get on the November ballot. The group, Smart and Safe Arizona, submitted 420,000 signatures with the...
When Marijuana Business Magazine spoke with Artemis Holdings Group founder Sheri Orlowitz a year ago (see “Raising Capital” in the July 2019 issue), a range of investors was keenly interested in the cannabis industry.
Then came the double-whammy of the vaping crisis and the coronavirus-fueled stock market crash. Now, money is tight—especially for plant-touching companies.
Marijuana businesses now can announce new product releases, staff changes and other company news through a new, paid news release section on mjbizdaily.com. “Our reporters cover industry news, but businesses should have a way to control their...
Arkansas medical cannabis regulators voted to issue two additional cultivation licenses in response to some supply concerns in the rapidly growing market.
Maine is inching toward launching a projected $300 million-a-year recreational marijuana market perhaps by the fall, nearly four years after residents voted to legalize adult use. Former Gov. Paul LePage, an adult-use cannabis opponent, stifled early efforts to...
Experts agree the California recreational marijuana market is extremely challenging because of high tax rates, huge illicit production and consumption as well as an uncertain economy amid the coronavirus pandemic. But while much of this is unfair to legal marijuana...
Denver-based marijuana edibles producer Dixie Brands said it will change its name in a move to separate itself from the historic context of the word "Dixie" and to “stand shoulder to shoulder with the Black community.” The 10-year-old Denver-based company, which has...
