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Chart: Most effective forms of advertising for cannabis businesses

Many marijuana business owners identified word of mouth and social media as the most effective methods of marketing/advertising for their companies, according to data gathered for the Marijuana Business Factbook 2017. Small marketing budgets, restrictions on certain forms of advertising and resistance from mainstream media platforms to accept cannabis-related ads mean marijuana businesses must find […]

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Quebec’s Hydropothecary inks agreement to raise CA$60M

Hydropothecary Corp. reached a deal to raise at least 60 million Canadian dollars ($50 million) that it plans to put toward working capital and general corporate purposes. Under the so-called bought deal transaction, a group of underwriters has agreed to purchase 60,000 units of Hydropothecary convertible debentures. The convertible debentures can be turned into stock. Hydropothecary […]

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Damian Marley marijuana company to add hemp-derived CBD line

The youngest son of late reggae star Bob Marley is the latest marijuana entrepreneur to launch a line of CBD products derived from hemp. Damian Marley’s marijuana company, California-based Stony Hill Corp., is selling CBD tinctures, gummies and topical creams under the name Stony Hill CBD, according to a news release. The products will be […]

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Target’s CBD sales reversal roils hemp industry

A decision by Target Corp. to start selling CBD supplements last week had the hemp industry cheering – until the Minneapolis-based retail giant yanked the products. Target’s decision to stop selling CW Hemp supplements and oils followed a news release from the manufacturer, CW Hemp, saying the whole CBD industry “has officially gone mainstream.” Within […]

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Canopy inks MMJ supply deal with Australia’s AusCann

Canada’s largest licensed cannabis producer continued its aggressive drive overseas by signing a deal to be the exclusive supplier of medical marijuana for Australia’s AusCann Group Holdings Ltd. Canopy earlier agreed to take a 15% ownership stake in the Perth-based company, which is a cultivator, manufacturer and supplier of Australian-produced medical marijuana. Smiths Falls-based Canopy […]

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San Diego approves new marijuana business regulations

San Diego’s City Council approved regulations to allow cultivation, testing, production and distribution of marijuana products by business operators that obtain conditional use permits. Such activities would be allowed in light and heavy industrial zones of San Diego, City News Service reported. According to The San Diego Union-Tribune, the council also: Eliminated a proposed cap – […]

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Massachusetts regulatory agency dominated by anti-MJ members

Massachusetts has finalized its Cannabis Control Commission (CCC), and four of the appointees to the five-member panel voted against recreational marijuana legalization. Britte McBride, a former assistant state attorney general, and Kay Doyle, deputy general counsel at the Massachusetts Department of Public, were appointed to the CCC on Friday, and both voted against the adult-use measure, according to […]

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Looking ahead: Women Grow execs confident company has bright future

By John Schroyer While some industry professionals question whether Women Grow can fully recover from its professional missteps, there are signs the company could be turning a corner. Since May, Women Grow has cemented contracts to establish eight new “markets” – formerly called chapters – in Arizona, California, Connecticut, Maryland, Nevada, New Jersey, Ohio and […]

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Women Grow: By the numbers

A look at some of the contraction – and growth – Women Grow has experienced over the years. Number of “Markets” (previously called chapters) 2014: 9 2015: 44 2016: 35 2017: 21 (2017 as of mid-August; others are end-of-year) Attendance at Women Grow Leadership Summit 2015: 300 2016: 1,200 2017: 1,000 Note: The company says […]

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Vancouver MMJ dispensary to get its day in court – in a year

A date finally has been set for a British Columbia courtroom to hear a case involving the first of 53 injunctions Vancouver has filed against unlicensed medical marijuana dispensaries operating within the city. Karuna Health Foundation will serve as a “test case” for the other 52 injunctions, CBC News reported, although the case won’t be heard for […]

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Congress keeps medical marijuana protections in budget deal

Congress unveiled a $1.1 trillion spending bill Monday that includes a provision to extend key protections for state-licensed medical marijuana businesses through the end of September. The MMJ amendment has been closely watched given the new Trump administration’s mixed messages about cannabis. Attorney General Jeff Sessions has spoken critically about marijuana, but he recently signaled […]

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