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 […]
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5 business points to consider in Thursday’s high-stakes CBD court case
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 […]
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Tourism business opportunities await as Ontario mulls cannabis in hotels, lounges, RVs
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 […]
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‘Decimated’ by oversupply, Oregon wholesale prices for outdoor-grown trim, flower for oil drop to $50 a pound
Oregon’s marijuana cultivators are facing a challenging environment that favors vertically integrated companies and craft cannabis.
Wholesale prices for outdoor-grown marijuana have dropped to as low as $50 a pound.
These low wholesale prices refer to trim and to outdoor-grown flower sold to processors who make cannabis oil.
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20 people to watch in 2018
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.
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Colorado hemp grower wins processing appeal
A western Colorado town is changing its land development rules to allow CBD extraction from hemp, a change prompted by a hemp grower who appealed zoning rules that allowed him to grow hemp but not process it. David Cox, who is licensed to grow 100 acres of hemp, successfully argued that processing hemp is similar […]
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Bronnor marijuana vape pens recalled in Colorado over ethanol concerns
Colorado-based Bronnor Corp. has voluntarily recalled cannabis vaporizer pens over concerns about possible ethanol contamination.
The Colorado Department of Taxation issued a public safety advisory Jan. 24 stemming from potentially unsafe levels of residual ethanol in a Bronnor-manufactured product, Bullet Concentrates, according to Denver alternative weekly Westword.
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Demand for medical marijuana is surging in Germany
Demand for medical marijuana in Germany is surging, opening new opportunities for overseas companies. Canadian MMJ companies, in particular, have been quick to position themselves to meet a supply shortfall in Germany. By the end of 2017, a total of 13,000 patients had applied for medical marijuana reimbursements from three large health insurance companies, Rheinische Post reported. […]
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Colorado marijuana edibles maker Wana Brands expands into Arizona
As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona.
According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state.
Wana Brands’ products will be manufactured and distributed through an agreement with AltMed Arizona.
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Canadian marijuana producers have bankrolled more than enough capacity to meet rec demand
If a recreational marijuana shortage materializes in Canada come 2019 – as most industry observers predict – don’t blame Health Canada, which more than doubled the number of production licenses it granted in 2017.
Instead, look to regional supply imbalances – possibly in provinces that opt to sell adult-use cannabis through government-run retail outlets – and producers who fail to live up to their cultivation targets.
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Privateer adds marijuana edibles company The Goodship to its portfolio
Privateer Holdings has added an edibles company to its portfolio of marijuana businesses, marking the Seattle company’s first foray into the infused products sector. According to a news release, The Goodship, a Seattle-based marijuana edibles company, said it had agreed to join Privateer’s “family of brands.” Terms of the acquisition weren’t disclosed. The news release said the […]
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Week in Review: Marijuana fund raises, more Maryland dispensaries & Alaska edibles maker shut down
Two ancillary marijuana companies announce huge fund raises, Maryland approves 12 more medical cannabis dispensaries, and Alaska regulators shut down an edibles company. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of the times? Significant capital raises by a pair of cannabis-focused technology companies portend what […]
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How to stake a claim in a multibillion-dollar international cannabis market