A former state lawmaker who helped create Maryland's medical marijuana industry was sentenced to two years in prison for taking bribes for legislative favors, including votes to benefit a medical marijuana company. During Wednesday's sentencing, U.S. District Judge...
The number of people working in the U.S. cannabis industry is expected to jump to 240,000-295,000 by the end of 2020, slightly higher than the number of computer programmers employed in the United States. The anticipated rise in cannabis employment represents a nearly...
While rejecting anxiety and autism spectrum disorders, Ohio medical marijuana regulators officially added cachexia to the list of conditions for which doctors in the state can recommend MMJ for treatment. Cachexia, or wasting syndrome, is the...
COVID-19 changed the way many businesses operate - and the cannabis industry is no exception, according to data available exclusively in the latest Marijuana Business Factbook. The 2020 edition, available now, takes a deeper look at how the pandemic impacted the...
Every cannabis extraction company hopes it will need to expand as a result of successful business operations, but scaling up in a financially prudent way requires foresight and patience. Marijuana processors considering the best way to grow their business should keep...
Federal marijuana reform still might be several years away, but experts say it’s not too early to prepare for that day. Executives who entered the sector from other industries say cannabis businesses need to measure themselves in standard ways, such as by the...
Major League Baseball announced in December that it had removed cannabis from its list of banned substances, permitting active players to use hemp-derived CBD products.
In February, NFL team owners approved the terms of a deal that would do much the same—and more. Which begs the question: If CBD products are fine for professional athletes, why not amateurs?
Marijuana companies have been relatively fortunate during the COVID-19 pandemic, with many deemed essential businesses able to keep their doors open. But with the nation’s economy facing a major downturn, some marijuana companies will probably have to restructure their operations after landing in financial hot water.
Hemp companies have experienced a perfect storm of obstacles since legalization in late 2018 – an uncertain regulatory environment, overproduction in 2019, ongoing challenges with access to banking and financial services and, now, COVID-19. In short, the odds are stacking up against hemp entrepreneurs.
While still fairly small, East Fork Cultivars has become one of the most respected cannabis cultivators in the Pacific Northwest. The family-run business, based in Takilma, Oregon, wants to increase its profile this year while capitalizing on national revenue opportunities.
Thanks to a drop in business valuations and difficulties obtaining capital, mergers and acquisitions in the marijuana sector are happening much slower than they did as recently as 2018.
A United Kingdom cultivator that is licensed to grow medical marijuana and hemp has been acquired by a group led by a cannabis investment firm. The U.K.'s Bridge Farm Group, which cultivates ornamental plants, flowers and herbs, announced that it was sold by its...
