Five Colorado state agencies have come out against a Denver task force’s recommendations that would ease restrictions on businesses applying for cannabis social consumption licenses. Applicants for marijuana social use licenses across the United States have been paying careful attention to what’s going on in the Mile High City since voters approved public cannabis consumption […]
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Chart: Is marijuana already becoming a mainstream industry?
Broader consumer acceptance of marijuana across North America signals that the nascent industry may soon take a place among mainstream industries ranging from cosmetics to nonalcoholic beverages. A majority of respondents to a recent survey by Chicago-based consulting firm A.T. Kearney noted that their perception of mainstream companies would not change if the businesses became […]
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Canadian marijuana producer Aphria aims to list on the New York Stock Exchange
Aphria, one of Canada’s largest cannabis producers, has filed documents with U.S. securities regulators signaling its intent to list its shares on the New York Stock Exchange. If approved, the Ontario-based company will join a growing list of Canadian cannabis firms turning to the top U.S. exchanges to tap the globe’s largest pool of institutional […]
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MedMen sells marijuana properties in California, Las Vegas for $12.5 million
MedMen Enterprises said it agreed to sell three cannabis properties in California and Nevada for roughly $12.5 million, a move aimed at boosting the multistate marijuana company’s liquidity and supporting its expansion.
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Weekly Deal Watch: Cannabis acquisitions slow, but capital raises continue to balloon
Tilray continues to dominate investment headlines, with acquisitions and massive capital raises. But activity continues across sectors and around the globe.
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Canada’s Landmark Day: Country launches industrialized world’s first recreational cannabis market
Marijuana Business Daily reporters were on the ground in Canada, providing live coverage of the nation’s historic launch of its recreational cannabis market. Our staff filed updates throughout the day, providing you a front-row seat for the opening of recreational shops and to get insights on sales, challenges, successes and breaking news from the largest country […]
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Sales blitz and speedbumps for Ontario Cannabis Store’s e-commerce site
The Ontario Cannabis Store, the government-sponsored online cannabis retailer – and, for now, the only Ontario outlet selling marijuana in Canada’s most-populated province – is experiencing a blitz of business but also some glitches. The Ontario Cannabis Store has registered 38,000 sales since going live at midnight local time, said Ontario Premier Doug Ford, according […]
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‘Shortage’ of marijuana seeds may delay legal Canadian home grows
The vast majority of Canadian consumers who had hoped to start legally growing their own cannabis for recreational use as early as Wednesday will be out of luck. Wholesalers in the country’s two largest cannabis markets – Ontario and British Columbia – confirmed to Marijuana Business Daily that they will not have recreational marijuana seeds or […]
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New Jersey medical cannabis dispensaries can now post prices online
New Jersey is allowing medical marijuana dispensaries to advertise prices on their websites and social media, a move generally welcomed by the state’s cannabis industry as a way to differentiate offerings. “Certainly it’s going to be good for businesses,” said Scott Rudder, president of the New Jersey CannaBusiness Association. “It gives them the opportunity to show […]
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CA busts on illegal marijuana operations continue: Thousands more plants seized
More enforcement actions indicate that state and local authorities in California continue to step up efforts to crack down on black-market cannabis operations, a development that could help licensed businesses that have long complained that illicit operators undercut their sales. Here’s a roundup of some of the latest enforcement news from California: Detectives with the […]
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NJ medical cannabis program delayed by glut of dispensary applications
New Jersey’s medical marijuana program regulators won’t make the Nov. 1 deadline to announce the winners of six additional dispensary licenses. Demand for medical marijuana in the Garden State spurred New Jersey Gov. Phil Murphy in July to call for doubling the number of dispensaries, from six to 12. But the state has been flooded with […]
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Chart: The days of CBD-only stores may be numbered
While hemp and marijuana may be close relatives, most hemp-derived CBD retailers don’t sell the products alongside medical cannabis. But as state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to […]
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October Issue
Extraction Smackdown. Weighing the pros and cons of CO2 hydrocarbon and ethanol extraction methods.Read the Issue