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Chart: Most effective forms of advertising for cannabis businesses

Many marijuana business owners identified word of mouth and social media as the most effective methods of marketing/advertising for their companies, according to data gathered for the Marijuana Business Factbook 2017. Small marketing budgets, restrictions on certain forms of advertising and resistance from mainstream media platforms to accept cannabis-related ads mean marijuana businesses must find […]

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Canada awaits hemp boom, with companies pivoting to capitalize on CBD

Excitement about hemp’s market potential is white-hot in Canada, where hemp production already overwhelms the United States and changing regulations could unleash a huge new market for CBD products. Company after company in Canada is gambling that the government will soon dramatically expand how the nation’s 120,000 acres of hemp can be used.

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Leading US marijuana retailer LivWell takes ‘significant’ ownership stake in Canadian producer

One of the largest marijuana retailers in the United States has acquired a “significant” equity stake in an Alberta cannabis producer, a move that could pave the way for other U.S. companies to enter the Canadian market. Denver-based LivWell Enlightened Health purchased the undisclosed stake in Lethbridge, Alberta-based 51st Parallel, Marijuana Business Daily has learned.

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Election results: Recreational cannabis legalization strong possibility in New Jersey + wins in Detroit

By John Schroyer

New Jersey is poised to legalize recreational marijuana after a pro-cannabis candidate won the state’s gubernatorial race Tuesday, giving the MJ industry a potentially huge win in what could be a lucrative new market for businesses.

Come January, anti-marijuana Gov. Chris Christie will be out of office and Democrat Phil Murphy will be in.

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Cannabis industry has vested interest in today’s elections in Michigan, New Jersey and New York

Welcome to Election Day 2017. Though it won’t compare to the historic gains the cannabis industry made at the polls last November, there are three states whose election results could either directly or indirectly have serious ramifications for marijuana businesses: Michigan, New Jersey and New York. Polls in Michigan and New Jersey close at 8 […]

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Chart: Medical marijuana patient counts surging in Florida

Despite a shaky rollout, Florida’s full-fledged medical marijuana industry is off to an explosive start. More than 30,000 patients have enrolled in the MMJ program since June – a 183% increase – and total patient counts will soon eclipse 50,000. Here’s what you need to know about the situation: Seventy-one percent of Florida voters approved […]

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Washington state cannabis businesses enter unknown territory with no official seed-to-sale system

Washington state marijuana licensees are incurring added costs in man hours and paperwork now that they’re operating without a contracted state seed-to-sale system. Nov. 1 marked the first day licensed Washington state marijuana businesses have operated without a traceability program, and it’s raising questions about the necessity of such systems.

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