Dixie Brands, a marijuana-infused products maker in Denver, landed $4 million in its latest funding round. The company is the parent of Dixie Elixirs, which offers a range of cannabis-infused drinks, sweets, topical ointments and other products. Dixie Brands CEO Chuck Smith said the money will be used for product and distribution expansion, according to BusinessDen.com. […]Read More
A Toronto-based marijuana company focused on U.S. recreational and medical cannabis markets plans to spend about 23 million Canadian dollars ($18.3 million) in cash, stock and warrants to acquire a small licensed producer in Ontario. MPX Bioceutical agreed to acquire Peterborough-based Canveda for CA$3 million in cash, CA$15 million in stock plus the issuance of 6 […]Read More
Canada’s second-largest province by population signed multiyear supply deals with six licensed cannabis cultivators for its recreational market, a move that provides much needed certainty for businesses and investors, analysts say. The six companies will supply an aggregate of approximately 325,000 kilograms (359 tons) of cannabis over the life of the deals. Quebec-based Hydropothecary got the […]Read More
A California-based cannabis infused products manufacturer on Monday closed a roughly $6 million Series B capital raise in the latest sign of rapid growth in that sector of the marijuana industry. Plus Products, headquartered in Palo Alto, announced in a news release it intends to invest the money in automation, product development and expansion of […]Read More
The co-founder of marijuana vape manufacturer Organa Brands is leaving to start a new company focused on hemp-derived wellness products. Ralph Morgan said he is still exploring a name and headquarters location for his new company, which will produce cannabidiol concentrates marketed to a medical audience, not recreational marijuana consumers. Morgan told Marijuana Business Daily […]Read More
Massachusetts’ looming recreational marijuana market has the potential to be one of the most prosperous in the nation.
Under rules finalized this month, cannabis entrepreneurs face no license caps for an assortment of business categories, edibles and many other goods are permitted, and there are opportunities to build a brand.
But applicants seeking to set up shop when the Bay State’s adult-use industry opens this summer will face a gauntlet of requirements that have already derailed scores of aspiring medical marijuana businesses.Read More
Cannabis businesses in Washington state will need to pay an annual fee of $895 to produce cannabis-infused edibles starting next month. The new charge stems from a special license endorsement that will be required of edibles makers starting April 1, when the state’s Department of Agriculture begins regulating infused product makers, according to a news […]Read More
Canadian companies are getting a head start on the country’s marijuana-infused beverages industry, even before legislation has been introduced to legalize THC-added products. Companies are turning to cannabidiol, which does not have psychoactive effects and is already legal, to get a leg up on competitors. Recreational cannabis flower and oil are expected to be legalized in Canada by the […]Read More
A North Carolina company is making the cannabis industry’s first play for consumers of color with a line of beauty products aimed at ethnic minorities. The Hemp Excellence line of body lotions, lip balms and CBD capsules went on sale this month at two beauty shops that cater to women of color in Winston-Salem, North Carolina. […]Read More
Nearly two dozen Tennessee stores padlocked for selling CBD are back open after a local judge ordered that keys and cash registers be returned to the 23 stores shuttered Feb. 12 in Nashville suburbs. Rutherford County Circuit Judge Royce Taylor ordered the stores to be allowed to reopen Friday, the same day that 16 defendants […]Read More
The Hemp Industries Association and a handful of cannabis entrepreneurs are taking the U.S. Drug Enforcement Administration to court Thursday in a high-stakes case over the agency’s 2016 pronouncement that CBD is an illegal drug – the same as marijuana. The case won’t be decided for months, but the outcome is important for the entire […]Read More
Ontario is weighing recreational cannabis consumption in hotels, lounges and RVs, a move that would create a “‘potentially huge” new tourism industry in Canada’s most-populous province if the rules are adopted, according to industry leaders. The proposals are part of updated regulations published by the province and released for public comment. The business-friendly measures represent […]Read More
- April 20, 2018
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