GB Sciences, a Las Vegas company contracted to develop the Louisiana State University AgCenter’s medical marijuana products and manufacturing program, has sold a 15% stake in the venture. Wellcana Group, which was formed last month in Lafayette, Louisiana, paid $3 million for its share of the project, The Advocate reported. The capital will be used for […]Read More
A Toronto craft brewer has partnered with one of the largest medical cannabis companies in Canada to create a “cannabis-inspired beer” in a project that could be the start of cross-industry collaboration on product development and branding in the nation. It’s the first time a Canadian licensed cannabis producer has worked with a local craft […]Read More
Ohio’s state auditor has found a “critical flaw” in the process used by the Ohio Department of Commerce to score business applications for a limited number of medical marijuana cultivation licenses. According to The (Cleveland) Plain Dealer, Auditor Dave Yost said at least two Commerce Department employees had essentially unlimited access to the applications. That […]Read More
Quebec has entered into multiyear agreements with licensed producers to supply over 60,000 kilograms of cannabis for the province’s retail and online recreational stores.
With adult-use legalization in Canada looming late this summer, the province is the largest market so far to start securing a supply of cannabis.Read More
The New Mexico health department is alleging that a medical marijuana grower submitted falsified audits and is taking steps to revoke the company’s license. Mother Earth Herbs denies it falsified audit reports and has requested a hearing to challenge the revocation, the Santa Fe New Mexican reported. If Mother Earth loses the challenge, it would be the […]Read More
British Columbians in the market for recreational cannabis will have a choice between privately run and government-operated retail stores when legalization lands this summer, opening the door to potentially hundreds of legal retail opportunities. But the government will monopolize online sales and ban home delivery by private retailers, a move that is drawing scorn from […]Read More
Cronos Group unveiled its Australian joint venture and the first phase of a 10-million-Australian-dollar ($8 million) production facility, the latest move by a Canadian company to carve out opportunities to meet demand Down Under and position itself to capitalize on future possibilities in Asia. It’s the first Canadian company to help build a medical cannabis company in Australia […]Read More
As Canadian medical cannabis stocks plunge from their record highs, analysts say the volatility could dampen the mood for mergers and acquisitions and access to blazing capital markets for some companies – at least until stability sets in. Since peaking in early January, the Canadian Marijuana Index – representing 24 leading cannabis stocks – has tumbled 35%, wiping out 7 […]Read More
New Zealand’s Parliament advanced a bill that would lay the groundwork for a regulated medical cannabis industry but rejected a separate bill that would have established a more full-fledged market and allowed home cultivation. If the government’s bill wins final approval – or Royal Assent – from the country’s Governor-General, it would ultimately create a domestic […]Read More
The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will generate billions of dollars in sales and create tens of thousands of business opportunities.
The changing business climate will lead to new challenges, struggles and, potentially, failures for companies and the individuals behind them.
As we hurtle into 2018, the editorial staff at Marijuana Business Magazine – which is published by Marijuana Business Daily – singled out 20 executives in the cannabis space who bear watching in the year ahead.Read More
Health Canada has introduced new security measures that could save early stage cultivation applicants hundreds of thousands of dollars and improve operational efficiencies for current producers, according to analysts. Effective immediately, marijuana producers will no longer be required to store their inventory in bank-like vaults, which can cost up to 500,000 Canadian dollars ($405,000). Instead, […]Read More
Federal confusion about CBD and hemp is giving state lawmakers in three of the most conservative parts of the country a reason to back cannabis legislation that addresses the cannabidiol conundrum.
Indiana’s Senate voted this week to legalize all CBD oil products in Indiana that contain up to 0.3% THC, Indianapolis TV station WTHR reported.Read More
- March 19, 2018
- March 16, 2018
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