Monthly cannabis sales in Colorado are flat for the first time since the state launched adult use, Nevada offers a select group additional opportunities in its recreational market, and Alaska weighs the idea of a new excise tax tier for marijuana cultivators. Here’s a closer look at some notable developments in the cannabis industry over the […]Read More
Nearly a year after giving its recreational marijuana program an early start, Nevada is making additional licenses available, but only for businesses that already have permanent or provisional medical marijuana certificates. The program expansion comes at a time when the industry still is growing at a healthy clip: In March, medical and recreational cannabis sales totaled […]Read More
Cannabis packaging and supply firm Kush Bottles (OTC: KSHB) is on the prowl for new business opportunities after closing a registered direct offering worth $36 million. The direct offering included 7.5 million shares of common stock and warrants to purchase 3.75 million shares at a combined price of $4.80, the Santa Ana, California-based firm announced. The company […]Read More
Kush Bottles, a marijuana products distributor, is opening a distribution facility in Las Vegas to serve cannabis companies and consumers in the state’s booming recreational and medical markets. Tourism and organic growth in the Las Vegas market means some MJ businesses have difficulty predicting packaging and supply needs, the California company’s CEO, Nick Kovacevich, said in […]Read More
The interstate expansion race continues in the cannabis industry, with the latest participant being California-based Bloom Farms, a longtime vape pen and cartridge maker. The Oakland company has expanded into the Nevada market and is already selling product in nine different retail locations in Las Vegas, Reno, the Lake Tahoe area and Carson City, according […]Read More
John Poss is a self-described rough-water sailor who has made a career of righting the ship for sinking companies.
With three decades of experience consulting for companies undergoing major upheavals, he decided three years ago to dive into the cannabis industry.
Since then, as CEO of Las Vegas-based cannabis company GB Sciences, Poss has partnered with universities in the United States and abroad.Read More
Marijuana stores with slot machines? Casinos with gamblers drawing on vape-pens? Not yet. But early inroads are perhaps being made. The Nevada Gaming Commission ruled unanimously that a gaming license holder can lease a building from a businessman who also rents to someone in the marijuana industry, the Las Vegas Review-Journal reported. It’s the first time […]Read More
President Donald Trump’s personal attorney, whose business dealings are being investigated by the FBI, and the lawyer’s father-in-law have lent $26 million in recent years to a taxi mogul who is shifting into the legalized marijuana industry, according to documents obtained by The Associated Press. Semyon “Sam” Shtayner, a longtime business associate of Michael Cohen’s […]Read More
Vancouver, Canada-based Cannex agreed to purchase California infused products company Jetty Extracts in a deal worth up to $30 million, becoming the latest marijuana-related acquisition in the United States with such a price tag. In late March, Las Vegas-based GB Sciences signed a letter of intent to purchase NevadaPure’s Las Vegas operation for $33 million. NevadaPure […]Read More
Two major cannabis companies – Los Angeles-based MedMen and Ontario-based Cronos Group – have announced a joint venture to bring MedMen’s retail expertise to Canada. According to a news release, the collaboration will result in the formation of MedMen Canada. MedMen currently has operations in California, Nevada and New York; Cronos has concerns throughout Canada […]Read More
Nevada’s recreational marijuana supplies are plentiful but not overly abundant, keeping wholesale cannabis prices on the high side compared to other adult-use markets. Business owners in the Silver State don’t expect wholesale prices to remain steep for much longer, however. Growers are continuing to build out their cultivation facilities and improve their growing methods, pumping […]Read More
Nevada CBD manufacturer Leafceuticals is expanding into topicals and edibles with the $2.2 million acquisition of California’s Irie CBD products. The acquisition gives Leafceuticals a processing plant in Oakland, California, for expanding its CBD line. The agreement calls for Leafceuticals – a subsidiary of Las Vegas-based Freedom Leaf – to pay $400,000 cash and $1.8 […]Read More
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