MJ Freeway, a major point-of-sale software provider for the cannabis industry, reported that marijuana retailers rang up their highest sales in history on April 20 – no doubt helped by the 4/20 MJ holiday landing on a Friday. Sales among MJ Freeway’s clients nationwide totaled $87 million, a 61% increase from last year. The Denver […]Read More
Scotts Miracle-Gro, which has invested heavily in the cannabis industry, plans to cut jobs and consolidate partly because of how the legal marijuana program has rolled out in California and elsewhere.Read More
Erica Dhawan wants to help cannabis professionals connect in intelligent ways, including focusing on collaboration among employees and building alliances with other businesses. That way, as your business grows you don’t have to rely on your organization alone to scale up, you have partnerships and networks to help you expand. “Those that really think about […]Read More
California-based Steep Hill Labs, a prominent cannabis testing lab, has announced plans to expand operations to Mexico and six western European markets, further broadening the company’s global footprint. This is yet another example of a company using its Canadian presence to springboard into the growing international cannabis market. According to a news release, the licensee for Steep […]Read More
The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the marijuana and hemp industries – not just plant-touching companies. The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or […]Read More
Cannabis businesses in British Columbia can leverage decades of market experience in cultivation, retail and research and development to maintain their dominant position in Canada’s marijuana industry when recreational use becomes legal later this year.
The province’s multibillion-dollar gray market includes hundreds of dispensaries and at least 4,000 licensed personal growers.
But how much of that will shift to the regulated market when it rolls out?Read More
Two Canadian medical marijuana groups, which include most of the country’s top cultivators, have teamed up to address critical issues affecting businesses and patients across the country with a united voice. Cannabis Canada Association, which counts close to 60 of Canada’s 102 licensed producers as members, including industry-leader Canopy Growth, partnered with the Canadian Medical […]Read More
The National Cannabis Industry Association and its executive director, Aaron Smith, are at a crossroads. The coming months could prove pivotal.
To be sure, NCIA has racked up many successes along the way and can now boast of having its highest membership total ever.
It posted record revenue last year, and the number of cannabis businesses joining Denver-based NCIA continues to grow.
But critics of Smith and NCIA – including a growing number of veteran industry leaders – say the organization needs fresh leadership and a new direction.Read More
Two cannabis industry trade groups are teaming up to launch a “federation of organizations” aimed at promoting pro-marijuana policies and laws at the federal level. The New Federalism Fund (NFF), which is focused on banking and tax issues, and the American Trade Association of Cannabis and Hemp (ATACH) together are creating the Cannabis Trade Federation. […]Read More
Pennsylvania’s medical cannabis dispensaries get the OK to sell flower for vaping, Oregon’s marijuana glut is hurting the state’s smaller growers, and MassRoots reveals that its losses widened to $44 million in 2017. Here’s a closer look at some notable developments in the marijuana industry over the past week. Positive in Pennsylvania The announcement that […]Read More
In a move that highlights the power of local governments over the California marijuana industry, the San Bernardino City Council shot down the planned 4/20-centric High Times Cannabis Cup by refusing to license this weekend’s event. The council vote, held less than two days before the biggest cannabis holiday of the year, April 20, has thrown the […]Read More
Green Bits, a compliance software developer for the cannabis industry, has landed a $17 million investment led by New York-based Tiger Global. Tiger Global’s stake in Green Bits marks a big win for the growing startup. Tiger’s investment portfolio boasts a who’s-who of startups turned giants, including Facebook, Amazon and Netflix. It’s also a signal […]Read More
- August 15, 2018August 14, 2018
- August 14, 2018August 14, 2018August 13, 2018
- August 10, 2018
- July 24, 2018
Read the Issue