Week in Review: Florida’s new MMJ rules, Weedmaps joins Boston Chamber & SC hemp applications

Bart Schaneman  | September 22, 2017

By Bart Schaneman, Omar Sacirbey and Kristen Nichols

Florida sets new regulations for medical marijuana business license applicants, cannabis tech company Weedmaps joins Boston’s Chamber of Commerce, and South Carolina’s hemp application deadline approaches.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

CBD turmoil in Nebraska, Indiana underscores product’s uncertain legal status

Kristen Nichols  | September 21, 2017

By Kristen Nichols

A recent memo from Nebraska’s top law-enforcement official - in which he called cannabidiol products "illegal" - has underscored the challenges faced by CBD manufacturers and retailers nationwide.

The memo, and a CBD brouhaha in Indiana, have meant lost sales, confiscated product, legal uncertainty - and even the loss of a job.

Marijuana firms in the dark when it comes to social media advertising

Bart Schaneman  | September 21, 2017

By Bart Schaneman

Years after legal markets have come online, marijuana businesses are still at a loss when it comes to what's considered acceptable advertising on social media.

They're throwing spaghetti at the wall, and absent any feedback from Facebook, Instagram, Twitter and the like, it's almost impossible to know what's going to stick.

How to sell your marijuana business: Q&A with GRN Funds CEO Justin Costello

Kevin Huhn  | September 20, 2017

By Bart Schaneman

Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine.

That’s the space Justin Costello operates in. The CEO of Seattle-based GRN Funds, he brings years of experience making deals in the investment banking sector and said he has completed 80-plus cannabis deals.

Measures that could grow Detroit’s medical marijuana industry go to voters

John Schroyer  | September 19, 2017

By John Schroyer

Two local ballot measures to grow Detroit’s once-sizable medical marijuana industry have overcome significant legal hurdles and will now go before voters in November.

The proposed changes, if approved by voters, would likely result in a broadening of the MJ-related business opportunities in Michigan’s biggest city.

Canadian marijuana firms raised $165.9M via debt instruments this year – and that’s just the start

Matt Lamers  | September 19, 2017

By Matt Lamers

Canadian medical marijuana companies are starting to tap debt markets in a big way to fund their explosive growth, which until earlier this year had been financed almost entirely through stock offerings.

Cannabis companies raised $165.9 million via debt instruments - including convertible bonds, debentures and term loans - through August.

Chart: More growers, lower wholesale prices in Colorado’s recreational marijuana market

Eli McVey  | September 18, 2017

By Eli McVey

The Average Market Rate (AMR) for a pound of wholesale marijuana in Colorado’s recreational market has hit an all-time low, pushed down by the continuous flow of new cultivation facilities coming online, increased efficiency among existing growers and a rising number of outdoor grow operations.

Tons of CBD producers, but few connect with consumers: Q&A with analyst Bethany Gomez

Kristen Nichols  | September 18, 2017

By Kristen Nichols

The nascent CBD market is hot: The cannabis compound is popping up in a dizzying variety of products, from maple candies to skin creams to dog treats.

But a market researcher who produced some of the most exhaustive investigations yet into CBD’s market potential has some cold water to throw on CBD’s fire.

Week in Review: Nevada MJ consumption lounges, national cannabis testing & Maine rec rules

John Schroyer  | September 15, 2017

By Bart Schaneman, John Schroyer and Omar Sacirbey

A new legal interpretation says marijuana consumption lounges don’t violate Nevada law, U.S. senators are calling for national cannabis testing protocols, and Maine releases draft rules for its recreational MJ industry.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Colorado marijuana banker has plans for a national network

Omar Sacirbey  | September 14, 2017

By Omar Sacirbey

A Colorado-based credit union believes it may have the solution to marijuana businesses’ banking issues, one that it hopes will be available in six states by the end of this year and about 20 by the end of 2018.