Ohio awarded the state’s first certificate of operation to a medical marijuana processor, which will allow for manufacturing of cannabis edibles, tinctures, topicals and other products. This could prove a boon to sales for Ohio’s medical marijuana firms because only plant material – flower – has been available for purchase since the state’s first dispensaries […]
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CA enforcement actions on illicit marijuana firms net more than $1.2M in product
In the latest enforcement actions targeting California’s illicit cannabis businesses, state and local agencies recently seized more than $1.2 million in illegal marijuana and MJ products in a series of raids. California licensed cannabis firms have kept a close eye on authorities’ crackdown efforts since illicit operators severely undercut legal sales. According to news releases: […]
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Lessons cannabis firms can learn from the craft beer industry: Q&A with Nug’s Ted Whitney
As the marijuana industry matures, some experts predict a split will occur that’s similar to what has happened in the beer industry: Consumers can pick a less flavorful, cheap beer – or they can go for more expensive craft brews, which boast better flavor and quality. One new entrant to the marijuana business, Nug, has […]
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Chart: Adult-use marijuana sales spike 7% on Valentine’s Day
Valentine’s Day isn’t just an opportunity to express love, it’s also an opportunity to spend – a trend that is reflected in retail marijuana expenditures in several adult-use markets. The National Retail Federation (NRF) estimated that total 2019 spending on Valentine’s Day gifts in the United States would exceed $20 billion, making the holiday No. 3 […]
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Want to expand your cannabis firm’s reach? Try age-specific advertising, marketing
Millennials might be a marijuana business’ bread and butter, but more and more adults who are middle-aged or older are starting to turn to cannabis for medical or adult use – and that underscores the need for companies in all aspects of the MJ space to come up with generation-specific tactics for marketing, advertising and outreach.
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Report: Largest marijuana firms already control most of Canada’s regulated adult-use market
Canada’s largest licensed cannabis producers already have a stranglehold on the country’s regulated recreational market just four months into legalization, according to analysts. Canaccord Genuity estimates Canopy Growth and Aurora Cannabis combined represented almost 50% of the sales volume in the first three months of legalization. “After including estimated contributions from Tilray and Aphria, we […]
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How Canadian firms and money are shaping US cannabis sector: Q&A with The Apothecarium’s Ryan Hudson
Ryan Hudson co-founded The Apothecarium in San Francisco in 2011. On Monday, he agreed to sell the retail company and its assets to a Canadian wellness firm for a cool $118 million to help fuel future growth. Hudson – who will remain The Apothecarium’s CEO – is the latest in a slew of California marijuana executives who’ve sold […]
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CA tries to clarify rules around THC limits in edibles, potentially spelling relief for infused product firms, labs
California’s infused product makers and testing labs are breathing a sigh of relief now that state regulators have sought to clarify rules governing THC potency for edibles and beverages, a move that is expected to result in fewer products failing lab tests. The brouhaha arose after California’s permanent cannabis regulations took effect last month. Two of the three […]
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Molson Coors CBD-beverage partner Hexo closes CA$57.6 million share offering
Hexo Corp., a licensed producer of cannabis based in Quebec, Canada, raised 57.6 million Canadian dollars ($43.7 million) Wednesday when it closed its offering of common shares. The company said in a news release it will use the proceeds for global expansion and research and development. The Quebec cultivator, which trades as Hexo on the Toronto Stock […]
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Cannabis products firm Slang lists on Canadian exchange after buying Organa Brands
Unlike many of its predecessors, Slang Worldwide (CSE: SLNG) saw a relatively stable first day on the Canadian Securities Exchange, opening at 2 Canadian dollars ($1.51) and closing at CA$1.99. The branded consumer products cannabis company, went public Tuesday on the Canadian Securities Exchange with an implied market value of $541 million (CA$718 million). The […]
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Marijuana firm Caliva closes $75 million funding with assist from NFL great Joe Montana
Caliva, a vertically integrated cannabis company based in California, closed its first round of funding, snagging $75 million the firm will use to expand its product offerings as well as its retail footprint in the Golden State. Former Yahoo CEO Carol Bartz and Super Bowl Most Valuable Player and Hall of Fame quarterback Joe Montana […]
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Compliance costs, lost market share could take toll on cannabis edibles firms under new Washington state rules
A Washington state marijuana trade association is warning regulators that new packaging, labeling and product design rules for cannabis-infused edibles and beverages might decimate edibles manufacturers’ bottom line. According to experts, the cost for some businesses to comply could be $100,000, and that doesn’t include lost revenue for manufacturers who have kept new products off […]
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April Issue
Cannabis industry workers and executives can earn more than their mainstream counterparts.Read the Issue