New cannabis rules in California released Tuesday highlight again how fractious the state’s industry remains. The regulations also put the spotlight on the political influence wielded by a technology company that isn’t governed by the rules it has been lobbying to change. Several cannabis industry insiders say the updated regulations – issued by the state […]Read More
A new report from accounting firm Deloitte predicts legal adult-use sales in Canada will reach CA$4.3 billion ($3.3 billion) in 2019. That’s on top of up to CA$1.79 billion in medical marijuana sales.Read More
Entrepreneurs are tempering their once sky-high expectations to capitalize on Newfoundland’s regulated cannabis sector. The province is the only place east of Manitoba where privately owned businesses will be allowed to sell recreational cannabis, but they’re restricted to an 8% markup.Read More
In response to Oregon’s oversupplied recreational marijuana market and a backlog of applications, state regulators will temporarily discontinue processing new adult-use licenses effective June 15. Marijuana businesses in Oregon have experienced plummeting wholesale cannabis prices – they’ve dropped as low as $50 a pound for flower – and the move to keep new businesses from […]Read More
Prosecutors have brought the first criminal charges against 142 people as they aim to tamp down the illegal marijuana market in Los Angeles after the state legalized recreational use in January, officials said Wednesday.Read More
The Massachusetts Cannabis Control Commission is allowed by state law to start issuing recreational marijuana business licenses June 1, but the agency’s top regulator suggested the first permits probably won’t be issued until a couple of weeks after that. Such a delay is not expected to hold up the launch of Massachusetts’ recreational marijuana market, which is […]Read More
The number of applicants to cultivate cannabis in Canada rose 160% in the first quarter of 2018, as the industry ramps up for legalization late this summer. But the newest applicants aren’t expected to have product on store shelves until 2019 at the earliest because of the time required to get a sales license.Read More
One of New York state’s 10 medical cannabis companies is expanding into California with plans to enter the Golden State’s recreational market. Etain Health, one of New York’s first five MMJ business license winners in 2015, is collaborating with West Sacramento Management Group, a licensed California cannabis distributor, the Sacramento Business Journal reported. Hillary Peckham, Etain’s […]Read More
Cannabis Wheaton is on the hunt for new investment opportunities as the firm prepares to close on a $100 million in Canadian dollars stock-purchase deal. Under the bought-deal transaction, a syndicate of underwriters will purchase 71.5 million Cannabis Wheaton shares for CA$1.04 per share.Read More
John Poss is a self-described rough-water sailor who has made a career of righting the ship for sinking companies.
With three decades of experience consulting for companies undergoing major upheavals, he decided three years ago to dive into the cannabis industry.
Since then, as CEO of Las Vegas-based cannabis company GB Sciences, Poss has partnered with universities in the United States and abroad.Read More
A number of permit-holding marijuana retailers in California view unlicensed competitors as serious threats.
While fully compliant cannabis retailers across California are being forced to pass high tax rates on to their customers, some brazen unlicensed dispensaries advertise that they don’t pay state or local taxes, meaning their marijuana is far cheaper than prices at law-abiding shops.Read More
A first-of-its-kind medical cannabis research program was halted at least temporarily when a Pennsylvania court issued an injunction preventing eight universities from solidifying deals with companies that want to grow and dispense MMJ.Read More
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