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 […]Read More
Washington state regulators Friday abruptly reversed a recent decision halting the production of certain marijuana edibles and will now allow infused product makers to manufacture state-approved gummies and hard candies, a spokesman for the state’s Liquor and Cannabis Board (LCB) told Marijuana Business Daily. The reversal – which came after fierce industry opposition – will no doubt […]Read More
An independent report commissioned by Washington marijuana regulators found the state and MJ Freeway were forced to rush out a new cannabis seed-to-sale traceability system earlier this year despite technical problems that cost cannabis businesses tens of thousands of dollars in lost sales. The study, performed by a leading tech and research consultancy and obtained […]Read More
Washington state regulators ordered local edibles makers to cease production of cannabis-infused gummies and hard candies, warning they might appeal to children. The unexpected decision dealt a major blow to the state’s infused-product businesses. Companies were “completely blindsided,” said Oliver Stannard, director of business development for Washington’s Green Labs, the maker of Swifts Edibles, a […]Read More
A Washington state sting operation resulted in one marijuana dispensary having its license suspended for the second time since 2016. An employee of Greenway Marijuana in Port Orchard sold marijuana pre-rolls to an 18-year-old woman who was helping conduct a compliance check for the state Liquor and Cannabis Board (LCB), the Kitsap Sun reported. The legal […]Read More
Leafly, the popular online marijuana strain and dispensary guide for consumers, removed Chris Jeffery as CEO less than a year after he was hired by the Seattle company. Privateer Holdings, the Seattle-based private equity firm that acquired Leafly in 2011, confirmed to Marijuana Business Daily that Jeffery was out. According to a statement emailed to MJBizDaily from Privateer […]Read More
Seattle-based marijuana retailer Have a Heart closed a $25 million series A funding round, money the company plans to use to continue its expansion. According to a news release, the investment came from backers with experience in the cannabis and technology industries. Here’s what you need to know: The business started in 2011 with five […]Read More
Share prices at cannabis firms Green Thumb Industries and Tilray are on the rise after solid second-quarter performances – and mainstream investors are taking note, with at least one hedge fund billionaire throwing his support behind the industry. The two businesses reported their first earnings as newly public companies after the markets closed Tuesday. Here’s […]Read More
Washington state has what is reportedly its first unionized cannabis store, six years after state legalization and a nod to the business advantages of such arrangements. According to Seattle TV station KOMO, Have A Heart’s 134 employees at five locations are now members of United Food and Commercial Workers Local 21, after their owner signed […]Read More
Marijuana businesses nationwide are finding they can reap generous rewards from giving back to their local communities.
Being a good corporate citizen can make it easier for marijuana businesses to work with regulators and local officials, stand out from competitors and attract new customers and high-quality employees, according to industry executives and experts on corporate giving.Read More
Marijuana business owners in Washington state continue to grapple with problems in the state-selected traceability program, with some industry officials concerned the situation could trigger errors tied to tax reporting and regulatory compliance. The state has used MJ Freeway’s Leaf Data Systems for its traceability software platform since December. The kinks plaguing the system come […]Read More
In an ideal world, cultivators would have the luxury of time when it comes to drying and curing their cannabis.
They’d take 30-60 days – waiting, sniffing, eyeing and “burping” – to achieve the ideal cannabinoid and terpene profile for each lovingly grown flower.
But in the real business world, larger cultivators need to get product out the door. They don’t have one or two months to spend on curing.
That doesn’t mean, however, that cultivators must sacrifice quality for large-scale commercial production.Read More
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