Colorado Medical Cannabis Business & Marijuana Legal News

CBD beverage maker eyes global expansion via $85M purchase of Utah company

A Denver company that makes CBD drinks has agreed to acquire a Utah beverage company to increase its distribution might, especially in Asia. New Age Beverages Corp. (Nasdaq: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Here’s what you need to know: New Age will pay $75 million […]

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Ex-officials at marijuana retail chain Sweet Leaf in jail on felony drug charges

Two former executives of the once high-flying Colorado cannabis company Sweet Leaf have pleaded guilty to felony drug charges and are serving 30-day jail sentences, the alt-weekly Westword newspaper reported. The plea agreements by Nichole West, a former Sweet Leaf vice president, and Ashley Goldstein, an ex-retail operations manager, are contingent on their continued cooperation with […]

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US cannabis edibles firm Dixie Brands debuts trading on CSE

Denver-based Dixie Brands began trading Thursday on the Canadian Securities Exchange, joining a rapidly growing list of U.S.-based marijuana firms that have looked north of the border to raise capital to grow and compete. Shares of Dixie – trading under the ticker symbol DIXI.U – opened at 1.05 Canadian dollars (79 cents). The move follows the […]

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Cannabis business predictions take center stage at MJBizCon 2018

Three more states could prove likely candidates to legalize recreational cannabis in 2019. Uncle Sam may be poised to reform the nation’s marijuana laws. And annual medical marijuana sales in the United States are projected to drop for the first time in 2018 – but the decline is expected to prove short-lived. Those were just three […]

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MTech, MJ Freeway name their merged marijuana company ‘Akerna’

Denver cannabis technology business MJ Freeway and MTech Acquisition, a special-purpose acquisition firm, said their new holding company set to list on the Nasdaq will be named Akerna once their merger is completed. In a news release, Scott Sozio, CEO of MTech (Nasdaq: MTEC), said the name Akerna – with “kern” at its center – has two meanings, both […]

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Chart: Declines in wholesale prices hammer major recreational cannabis markets

Wholesale cannabis prices in recreational markets across the United States have fallen precipitously compared to last year, while prices in major medical markets are proving more resilient. According to figures provided by Cannabis Benchmarks, a Connecticut-based provider of wholesale marijuana pricing data, wholesale cannabis prices in Oregon and Washington state are down more than 50% […]

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Growers: Western marijuana prices are down amid strong harvest, despite high demand

The marijuana harvest is underway and growers in several western states are reporting a bumper crop, but it’s coming at a time when supplies already are abundant and MJ prices are falling by double-digit percentages in some markets. Growers in five states with medical and recreational cannabis markets also report that consumer demand is strong. But […]

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CO agencies balk at Denver social marijuana consumption task force findings

Five Colorado state agencies have come out against a Denver task force’s recommendations that would ease restrictions on businesses applying for cannabis social consumption licenses. Applicants for marijuana social use licenses across the United States have been paying careful attention to what’s going on in the Mile High City since voters approved public cannabis consumption […]

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Ahead of Canada’s big day, forecast for cannabis industry gets a boost

On the eve of Canada’s historic launch of its recreational marijuana program, the global cannabis industry appears poised for explosive growth thanks to the confluence of a host of market developments. “The well-capitalized cannabis industry has been evolving rapidly and looks to address a far larger (market) than we had originally forecast,” Wall Street analyst […]

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