Many marijuana businesses were just starting to open lounges and tasting rooms where their customers could enjoy the products they purchased when the coronavirus pandemic struck a year ago, forcing those plans to be put on hold.
Read MoreHow cannabis companies can vet celebrity partnerships, avoid (embarrassing) pitfalls
When Canopy Growth introduced its CBD drink brand, Quatreau, to the U.S. market on March 2, the Canadian cannabis producer also announced its newest brand ambassador: American astrologer Susan Miller. Ambassadors and celebrity partnerships are familiar terrain for Canopy, already known for its ties with Seth Rogen, Snoop Dogg and Martha Stewart. And while Miller […]
Read MoreMedMen raises CA$20 million to bankroll marijuana expansion in Florida
Financially strapped MedMen Enterprises said it raised 20 million Canadian dollars ($16 million) at CA40 cents a unit to fund growth plans in Florida’s medical marijuana market. The California-based multistate operator said that under the private placement, each unit consists of one Class B subordinate voting share and one share purchase warrant that gives holders […]
Read MoreCWNevada’s receivership might offer blueprint to other financially strapped marijuana businesses
A once-significant player in Nevada’s cannabis industry is in the final stages of liquidating more than $12 million worth of assets under the guidance of a state court, offering a potential road map for marijuana businesses that are barred from seeking federal bankruptcy protection.
Read MoreMontana lawmakers weigh bill to separate marijuana, hemp production
Montana lawmakers are mulling legislation that would require medical marijuana cultivators to keep their operations confined to indoor facilities, leaving the outdoors for hemp production only.
Read MoreMainstream businesses are bracing for minimum-wage hike, but many cannabis firms already pay more
Half the states across the country have increased – or will raise – the minimum wage paid to hourly workers this year, but many cannabis businesses, including retailers, are unlikely to feel much of an impact. That’s because most say they already pay their employees above the minimum wage set by the states in which […]
Read MoreScammers preying on Michigan marijuana businesses, regulator warns
Michigan’s marijuana regulatory agency is warning local cannabis companies that fraudsters are masquerading as regulators and industry executives in a bid to trick employees into sending money or security information about their businesses. One business lost more than $100,000 because of the scam, the Michigan Marijuana Regulatory Agency (MRA) noted in a bulletin. In that […]
Read MoreFirst Big Tobacco marijuana player exits marijuana, hemp after bankruptcy
The first Big Tobacco company to make a foray into the marijuana and hemp industries is exiting both sectors in a bid to shore up its bottom line.
Read More2020 election results signal growing public approval of cannabis
Marijuana ballot measures in five states passed more resoundingly in 2020 than initiatives did four years ago in what might represent further growth in voters’ acceptance of the plant – particularly its recreational use.
Read More2020 election updates, analysis & highlights
Marijuana Business Daily reporters and editors are providing live coverage of the 2020 general election, focusing on legalization ballot measures in five states as well as key federal races that could affect MJ reform. Scroll down for updates our staff has filed about the states voting on marijuana-related proposals as well as potentially pivotal U.S. congressional […]
Read MoreSouth Dakota OKs adult-use cannabis after passing medical measure
South Dakota became the first state in the country to legalize medical and adult-use marijuana simultaneously during Tuesday’s election.
Read MoreMontana becomes 14th state to legalize recreational marijuana
Get insights on state ballot initiatives and all things Election 2020 for cannabis at MJBizCon. On Wednesday, our Election Week panel will discuss the results. Montana became the 14th state to legalize recreational marijuana, joining New Jersey and Arizona on Tuesday in approving recreational cannabis during the 2020 election. The Washington Post called the election with 58% of […]
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