With Monday looming as the deadline in Illinois for medical marijuana business applications, a number of MMJ operations are still trying to pull together local support in various towns where they’re hoping to set up shop, and some municipalities are taking financial advantage of that. The Chicago suburb of Elk Grove Village, for example, has […]
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Week in Review: Edibles Campaign + Insight From Investors & Colorado Cannabis Firms Make Strides
By Marijuana Business Media staff The Marijuana Policy Project launches a public education campaign about edibles, a pair of longtime Colorado marijuana businessmen are considered for mainstream awards and investors provide insight on the funding climate and the November elections. Here’s a closer look at several notable developments in the cannabis industry over the past […]
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Warren Buffett’s Subsidiary Company Testing Cannabusiness Waters
A subsidiary company of Warren Buffet’s Berkshire Hathaway conglomerate is reportedly exploring the waters of the cannabis industry. The company, Cubic Designs Inc., has sent around 1,000 letters to marijuana dispensaries over the past few weeks, offering to help them “double your growing space.” Cubic Designs specializes in producing work platforms for commercial warehouses, thereby […]
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Consultant Company Pursues IPO-Friendly Restructure
Mjardin Management isn’t exactly an original idea, given that it’s a consulting and management company with a focus on the “cultivation and sale of premium cannabis.” But its restructuring plan demonstrates the company’s ambition. According to The New York Times, Mjardin plans to announce on Wednesday that it has reorganized the firm, with the main […]
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Nevada’s Experiment With MMJ ‘Reciprocity’ Could Pay Big Dividends, Create Huge Market
By John Schroyer In a few months, Nevada will set a new bar for the medical marijuana industry with a provision in the law state legislators passed last year allowing dispensaries to set up shop. The provision allows any legally registered MMJ patient from anywhere in the world to purchase marijuana in any of those […]
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Black Market Marijuana Dealer Targets Rec Store’s Customers
Although recreational marijuana proponents often argue that legalizing and taxing cannabis will help undercut illegal sales, there’s still a long way to go before the black market is completely eliminated. That point was driven home last weekend outside the Seattle recreational marijuana shop Cannabis City, when police were called about a man who was allegedly […]
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Colorado Banking Co-Op Program Stalls
An attempt to ease the lack of banking services for Colorado’s cannabis industry may prove fruitless because businesses are not stepping up to form the type of financial cooperatives the state General Assembly approved last spring. According to The Denver Post, insiders say it’s a “game of chicken” between the Federal Reserve and the marijuana industry, […]
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Appraising a Marijuana Business: Q&A With Valuations Expert Ronald Seigneur
By Chris Walsh How do you assess the value of a cannabis company? This is one of the most vexing questions for investors and marijuana business owners alike. It’s exceedingly difficult to come up with an accurate valuation, given the industry’s relatively short history, high volatility and complex regulatory structure. Throw in the immense
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Pinching Pennies: 5 Ways Edibles Companies Can Keep Costs in Check
By John Schroyer Though the market for edibles has soared in recent years, many producers of infused products have had a hard time keeping up with the cost of doing business. Edibles companies often face new expenses tied to ever-changing regulations handed down by government agencies concerned with public safety and consistency, and the price […]
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$25M Infusion for Kiosk Company
More good news on the financial front for cannabis businesses: A company that sells self-service kiosks for financial transactions has landed a $25 million investment. Florida-based Payteller announced Wednesday that ISS Management LLC has agreed to an equity investment in the firm. Additional terms of the deal, including how much equity ISS will receive, were […]
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Study: 2 Denver cannabis stores create $30M economic impact, 280 local jobs
By John Schroyer How much of an economic impact can a cannabis business have on a community? A new study offers a glimpse, estimating that a pair of retail marijuana stores in Denver under the same ownership will generate $30 million in economic output, pay $390,000 in city taxes
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Guest Column: Banking Relief is on the Way – Here’s How You Can Prepare
By Paula B. Givens Most cannabis-related businesses do not have a transparent and ongoing relationship with a financial institution, reflecting the fact that banks are wary of servicing the marijuana industry. In recent months, though, a small number of financial institutions have quietly begun to work with cannabis companies. And more will likely do so […]
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August Issue
How craft cannabis businesses are catering to consumers' desire for high end, small batch products.Read the Issue