Washington state regulators Friday abruptly reversed a recent decision halting the production of certain marijuana edibles and will now allow infused product makers to manufacture state-approved gummies and hard candies, a spokesman for the state’s Liquor and Cannabis Board (LCB) told Marijuana Business Daily. The reversal – which came after fierce industry opposition – will no doubt […]
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More CA enforcement: 250 grows targeted, 614,000 marijuana plants seized
In California, a 39-county sting operation at 250 illegal cannabis cultivation sites resulted in the arrest of 52 people and the seizure of more than 614,000 plants, authorities said Thursday. The raids signal yet more acceleration by state and local authorities to rein in black-market operators, which licensed operators argue cause distinct harm to their […]
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WA tells marijuana edibles makers to end output of gummies, hard candies
Washington state regulators ordered local edibles makers to cease production of cannabis-infused gummies and hard candies, warning they might appeal to children. The unexpected decision dealt a major blow to the state’s infused-product businesses. Companies were “completely blindsided,” said Oliver Stannard, director of business development for Washington’s Green Labs, the maker of Swifts Edibles, a […]
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Cannabis edibles maker Dixie Brands raises $25M ahead of public stock listing in Canada
Infused cannabis products maker Dixie Brands closed a $25 million funding round as it works to go public in Canada before year’s end. The Series C capital raise was originally offered as a non-brokered private placement for up to $20 million, but heavy investor demand led Dixie to boost the offering to $25 million, the […]
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MedMen expands into Arizona medical marijuana market via acquisition
Los Angeles-based MedMen Enterprises is expanding into Arizona’s large medical marijuana market after striking a deal with WhiteStar Solutions to acquire Monarch, a vertically integrated MMJ business with operations in Scottsdale and Mesa. The deal – inked for an undisclosed sum – will pay 80% in stock and 20% in cash and underlines the fact investors […]
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Why marijuana infused businesses have experienced testing and labeling challenges in California
The Golden State’s cannabis-infused products makers have weathered some strong winds recently stemming from new testing requirements, and it’s an issue marijuana businesses in other markets should pay attention to as different states experiment with rules surrounding lab tests. According to California’s Bureau of Cannabis Control (BCC), 32.9% of edibles, tinctures and lotions samples have […]
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Medical marijuana demand, imports continue to climb in Germany
While Germany is on track to become one of the largest federally legal medical marijuana markets in the world, a lack of publicly available data on consumption makes it difficult for companies to assess the actual market opportunities. Unlike Health Canada, German authorities don’t publish centralized statistical information of the number of patients or amount […]
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CannTrust, alcohol wholesaler partner for cannabis distribution in Canada
CannTrust – one of Canada’s leading purveyors of cannabis – inked a strategic partnership with Breakthru Beverage Group to establish a cannabis-focused sales brokerage company. The exclusive partnership will develop a route-to-market platform for CannTrust’s recreational cannabis products in Canada. The sales brokerage company will be a new subsidiary of Breakthru Beverage Group (BBG) and […]
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Jimmy Buffett teams with Wrigley heir to license brand to Florida cannabis firm
Popular singer/songwriter Jimmy Buffett is joining a growing list of celebrities who dabble in the marijuana industry, teaming with an heir from the Wrigley chewing gum family. Buffett – known for his hit “Margaritaville” and his Parrothead fans – will license his Coral Reefer brand to Georgia-based Surterra Holdings for a line of marijuana products that […]
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Cannabis firm Cronos inks $122 million deal to produce lab-grown cannabinoids
Canadian cannabis producer Cronos Group has tapped Boston-based Ginkgo Bioworks in a $122 million endeavor to biologically engineer a wide range of cannabinoids found in cannabis.
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How terpenes can help marijuana companies expand product lines, revenue opportunities
Cannabis companies that want to go beyond THC and CBD content can focus on a part of the plant that’s increasingly front-of-mind for consumers: terpenes.
These plant-based chemicals are the molecules in marijuana that give the plant its smell, taste and, some argue, added effects beyond just getting users high.
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Petition urges Instagram to stop targeting marijuana businesses
Several thousand people have signed a petition urging Instagram to stop deactivating pages for cannabis businesses and marijuana-related content.
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November/December Issue
Growing Ambition. Companies leverage capital, partnerships and diversification to expand beyond state lines.Read the Issue