When Denver marijuana pioneer Kayvan Khalatbari announced his resignation from the board of the National Cannabis Industry Association (NCIA) in December, he intended to continue serving in the role until spring. But Khalatbari abruptly stepped down on Monday, telling Marijuana Business Daily he did so because of mounting frustrations with the organization’s direction and leadership. He also […]Read More
Massachusetts marijuana regulators have selected Florida-based Franwell’s Metrc program to serve as the state’s seed-to-sale traceability system. According to The Boston Globe, the Massachusetts Cannabis Control Commission budgeted about $750,000 for the system, which is intended to help states prevent diversion of cannabis to the black market. Here’s what you need to know: Using Metrc’s system adds […]Read More
After a contentious public comment session, Nevada’s marijuana regulators voted to make permanent most of the temporary rules that allowed the state to get an early start on its recreational cannabis industry. The updated rules were approved unanimously by the Nevada Tax Commission on Tuesday but still must be approved by the Legislative Commission before the […]Read More
Tripp Keber took many by surprise in December when he stepped down as CEO of Denver-based Dixie Brands, one of the most successful multistate companies in the marijuana industry.
His decision to exit the edibles company seemed to come out of the blue. But, in fact, it was more than a year in the making.
The notion to leave Dixie took root in late 2016, when Keber started reading John Hamm’s Harvard Business Review article, “Why Entrepreneurs Don’t Scale.”Read More
GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $9 million through the offering of convertible notes. The Denver company said in a news release filed with the Securities and Exchange Commission that it plans to use the proceeds to expands its operations. CEO Darren Lampert said […]Read More
Citing a desire to spend more time with his family, a founding member and longtime leader of the Minority Cannabis Business Association (MCBA) has resigned as the organization’s executive director and board chair.
Jesce Horton, 34, who helped found the MCBA in 2015, tendered his resignation last month, according to a Jan. 8 news release from the organization.Read More
Washington state marijuana businesses won’t have a government-run seed-to-sale tracking program for at least another month, causing industry insiders to worry that the prolonged delay could lead to diversion and other compliance issues.
The state’s Liquor and Cannabis Board was planning to implement Denver-based MJ Freeway’s Leaf Data Systems on Jan. 1 but instead has delayed the target rollout date to Feb. 1.Read More
Former boxing heavyweight champion Mike Tyson is looking to capitalize on the launch of legal recreational marijuana sales in California. According to The Blast, Tyson broke ground on a 40-acre plot of land in California City, a small desert town 60 miles southwest of Death Valley National Park. The facility, Tyson Ranch, was unveiled Monday, the […]Read More
Colorado-based cannabis technology company MassRoots on Friday announced it has formed a subsidiary that will focus on blockchain-based digital ledgers. The new division, MassRoots Blockchain Technologies, will employ the same staffers as the parent company, MassRoots CEO and founder Isaac Dietrich told Marijuana Business Daily. Blockchain technology is a digital ledger, or database, that continuously stores […]Read More
Two ancillary marijuana companies announce huge fund raises, Maryland approves 12 more medical cannabis dispensaries, and Alaska regulators shut down an edibles company. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of the times? Significant capital raises by a pair of cannabis-focused technology companies portend what […]Read More
Cannabis-focused social media platform MassRoots could be evicted from its Denver offices unless the company pays nearly $40,000 in back rent. According to The Cannabist, the embattled publicly traded company owes $39,742 to its landlord and hasn’t paid its rent since August. An eviction notice dated Dec. 18 was posted on MassRoots’ office door, The Cannabist […]Read More
From taking the letters C-B-D off labels to moving product out of state, companies selling cannabidiol in Indiana say they’re managing just fine with ongoing legal confusion about the product. And they say the state’s CBD mess is boosting sales and awareness of the cannabis-derived treatment. “We’ve had a run of product over here in […]Read More
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