Q&A with the co-founder and managing partner of Poseidon Asset Management By Omar Sacirby Emily Paxhia got to know what makes a company great while serving as a brand consultant for 10 years. She worked with household names like American Express, PepsiCo, Time Warner...
The agency that regulates Oregon's marijuana market has passed new rules that include heavier penalties for cannabis retailers and employees who sell product to minors. Effective immediately, first-time offenders will face 30-day license suspensions or a $4,950...
Canndescent, a major California cultivation company, has closed a $10 million Series B offering to finance the launch of new products and expand its production capacity by some eightfold. The lead investors in the raise are Floret Ventures, a San Francisco-based...
The cannabis industry is pouring hundreds of thousands of dollars into campaign finance accounts of lawmakers and political action committees. But, for the first time, more of that money is going to Republicans than to Democrats, according to survey by the Center for...
Maryland’s medical marijuana program put minority applicants for business permits at a disadvantage, according to a new study that recommended race be factored into any future MMJ licensing.
New York's governor is urging state lawmakers to provide funding to establish a commission that would study the feasibility of legalizing adult-use marijuana in the state. The study would explore recreational legalization’s health effects, economic impact, criminal...
Tripp Keber took many by surprise in December when he stepped down as CEO of Denver-based Dixie Brands, one of the most successful multistate companies in the marijuana industry.
His decision to exit the edibles company seemed to come out of the blue. But, in fact, it was more than a year in the making.
The notion to leave Dixie took root in late 2016, when Keber started reading John Hamm’s Harvard Business Review article, “Why Entrepreneurs Don’t Scale.”
Financial institutions that serve marijuana businesses still have federal protections - at least for now - outlined in a February 2014 memo from the Financial Crimes Enforcement Network (FinCEN), Reuters reported. The report comes after Attorney General Jeff Sessions...
An aptly named credit union in Maryland is ready and willing to serve the state’s medical marijuana businesses. And it's doing so with the knowledge it has some federal support. The Bulldog Federal Credit Union, a federally chartered...
While not likely to be as historic as the legalization wave of 2016, this is expected to be a watershed year for the cannabis industry.
For the first time, from all indications, state legislatures are poised to pass recreational marijuana legalization laws, with the East Coast being the most fertile ground for such efforts.
Citing a desire to spend more time with his family, a founding member and longtime leader of the Minority Cannabis Business Association (MCBA) has resigned as the organization’s executive director and board chair.
Fearful of how recreational legalization in neighboring Massachusetts could affect their businesses, Rhode Island’s three medical marijuana dispensaries are pushing state regulators to allow them to start delivering to their patients. Rhode...
