Most CBD products sold online don’t contain the promised amount of CBD, a potential red flag for regulators deciding whether to crack down on a product commonly used for medical reasons. A study published Tuesday in a leading medical publication, the Journal of the American Medical Association, showed that less than a third of CBD […]Read More
Marijuana payment service PayQwick, which brands itself as the PayPal of marijuana, has secured a $2.86 million raise. According to a news release, the Calabasas, California-based company plans to use the funding to increase sales and product development as it expands into California, Nevada, Michigan and Alaska. Here’s what you need to know: PayQwick allows […]Read More
Federal drug authorities have sent another round of warning letters to CBD producers about making health claims. The recipients include CW Hemp, the Colorado Springs, Colorado, company that supplies the popular Charlotte’s Web medicine for intractable epilepsy. The Food and Drug Administration sent four warning letters Wednesday to two Colorado companies – CW Hemp and Pueblo-based That’s Natural! […]Read More
By Omar Sacirbey With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among MJ entrepreneurs and a growing number of cities and states: the formation of public banks to serve the cannabis industry.Read More
A Colorado agricultural biotech that specializes in marijuana is paying a major California agricultural research university at least $150,000 to study the hemp genome in an effort to reduce the need for using pesticides and fertilizers on the plant. Lafayette-based Front Range Biosciences said in a news release it reached an agreement with the University of California, […]Read More
Comedian Whoopi Goldberg and her cannabis business partner, Maya Elisabeth, have already made a splash in California with their line of infused products intended to treat menstrual cramps. And now, the company is expanding into Colorado.
The next step for the company?Read More
By Kristen Nichols
A flurry of marijuana and hemp lawsuits are roiling the cannabis industry’s confusing intellectual property landscape, with trademark and trade-secret fights signaling big changes for the business.
The legal disputes – from Ohio to California – show that long-simmering tensions over intellectual property in the cannabis sector are growing as the industry matures.Read More
By Eli McVey Over 40% of cannabis business owners are planning to take their companies into a new market within the next year, according to a Marijuana Business Daily survey. Of the business owners intending to expand, the vast majority have identified opportunities in both the medical and recreational markets.Read More
Despite falling cannabis prices and other U.S. states legalizing recreational marijuana, it took Colorado just eight months to reach $1 billion in retail MJ sales in 2017 – a record clip for the state. In 2016, by contrast, it took Colorado 10 months to hit the $1 billion sales mark. The Denver Post reported that Colorado […]Read More
By Kristen Nichols
Target Corp. sent shockwaves through the marijuana industry last month when the retail giant quietly started selling CBD products, despite federal drug authorities repeatedly saying the cannabis compound is illegal.
But the sales proved short-lived.Read More
By Kristen Nichols More than three months after setting rules for the nation’s first licensed marijuana consumption clubs, Denver has yet to receive any applications. The stalemate has officials in other states and jurisdictions holding off on licensing consumption clubs or lounges until they see how it goes in Colorado’s capital.Read More
Just days after announcing his line of cannabis products would be distributed in Southern California, reggae musician Julian Marley revealed he’s struck a deal to have his products reach the international MJ market as well. Marley is partnering with Maricann Group – which has a medical cannabis production facility in Ontario, Canada – to produce […]Read More
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