Hemp Industry News

Week in Review: Louisiana medical marijuana kickoff, Dixie-Arizona Iced Tea team, NM reciprocity & more

Sales begin in the long-delayed Louisiana medical marijuana market, MJ-infused product brand Dixie signs a licensing deal with Arizona Iced Tea’s parent, a New Mexico judge’s ruling could open MMJ sales to out-of-state patients – and more of the week’s top cannabis business news. MMJ sales begin down on the bayou After years of waiting, […]

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How to avoid fantasy valuations in cannabis

Visions dance in the heads of key players of entire aisles in grocery stores and pharmacies dominated by marijuana and hemp products. Behind that, of course, there are visions of dynastic wealth.

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‘Pent-up demand’ for FDA-approved cannabis drug boosts UK maker

Strong patient interest in the only federally approved CBD product in the United States helped drugmaker GW Pharmaceuticals record $72 million in revenue last quarter. Epidiolex, which is made by London’s GW Pharma (Nasdaq: GWPH), is a seizure control drug approved by the U.S. Food and Drug Administration. It has seen brisk sales and new patient enrollments since the […]

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Canadian cannabis firm Cronos spending $300 million to enter US hemp market

Cronos Group, a vertically integrated cannabis company based in Ontario, Canada, that has international production and distribution, said Friday it will buy four operating subsidiaries from Redwood Holding Group for $300 million. Redwood, which is headquartered in Los Angeles, produces, markets and distributes hemp-derived CBD products, including skin care, bath items and gummies, throughout the […]

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Week in Review: US Congress mulls milestone cannabis bills, on-premise MJ edibles moves in Alaska & more

A milestone U.S. marijuana reform bill is introduced in Congress, experts suggest cannabis banking changes at the federal level remain a long shot, Alaska’s capital city approves an ordinance permitting customers to consume cannabis edibles inside licensed retail establishments – and more of the week’s top marijuana business news. Key member of U.S. House introduces sweeping cannabis […]

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Surterra taps new CFO from Kellogg, continuing cannabis hiring trend

Surterra Wellness, a fast-growing marijuana company based in Atlanta, on Tuesday announced it hired a highly paid executive from the Kellogg Co. as chief financial officer. Fareed Khan, the latest Kellogg exec to leave the Fortune 500 company for the cannabis sector, will be in charge of corporate finance, investor relations, taxes and shared services […]

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Marijuana Business This Week: Cannabis oil in Georgia, early MMJ access in MA, finalizing hemp regs in Alaska & more

Here are some notable stories and events in the cannabis industry to watch for in the coming days: STRIKING OIL: A Georgia law making it legal to produce and distribute cannabis oils with a THC cap at 5% goes into effect Monday, giving the state’s more than 9,500 registered medical marijuana patients better access to […]

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Week in Review: IL gov signs historic cannabis bill, MA moves on MJ cafes/delivery, new CA vape cartridge symbol rules & more

Illinois’ governor makes his state the first to legalize recreational marijuana through its Legislature, Massachusetts moves forward with cannabis cafes and deliveries, California requires a universal symbol on vape pens, the hemp sector makes big inroads – plus other important news from around the industry. Illinois marks a marijuana first Illinois officially became the first […]

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Marijuana Business This Week: Vermont hemp hearings, Michigan cannabis warning labels, Medicine Man update & more

Here are some notable stories and events to watch for in the coming days: VERMONT HEMP HEARINGS: The Vermont Agency of Agriculture, Food and Markets (AAFM) will hold its first public hearings to discuss the rulemaking process for the state’s hemp program. The hearings are scheduled for Thursday in Brandon and Friday in Newport. According to […]

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Marijuana, hemp side by side at MJBizConNEXT & Hemp Industry Daily Conference in New Orleans

The cannabis industry is in New Orleans this week for MJBizConNEXT with attendees having the option to specifically focus on either marijuana or hemp – or both, for that matter. That’s because, for the first time, Marijuana Business Daily is hosting side-by-side conferences for both varieties of the cannabis sativa plant, Wednesday-Friday at the Ernest […]

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Marijuana Business This Week: MJBizConNEXT sees the future, critical California CBD hearing, Ohio eyes MMJ expansion & more

Here are some notable stories and events in the cannabis industry to watch for in the coming days: WHAT’S NEXT: More than 4,000 attendees and 300 exhibitors are flocking to New Orleans for MJBizConNEXT 2019, where they will contemplate what’s ahead for the ever-changing cannabis and hemp industries. For three days beginning Wednesday at the […]

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