By Anne Holland Hydroponics and indoor gardening supply stores have been one of the few booming retail sectors of the last five years, with nearly 8% growth per year. With gross revenues estimated at nearly $500 million per year, much of the indoor gardening industry’s growth has been driven by the medical marijuana market, in […]
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Entrepreneurs Getting Jump on Medical Marijuana Laws, Entering New Markets Quickly
Just days after the governor of Illinois signed off on the state’s medical cannabis law, a clinic focused on helping patients get MMJ cards when the program is up and running announced it was open for business. Talk about hitting the ground running.
Read MoreGuest Column: Due Diligence Important When Starting Cannabis Concentrates Product Line
By Andy Joseph Medical marijuana is quickly transitioning into a mainstream industry, as evidenced by the growing acceptance of MMJ across the country and the passage of favorable cannabis laws in an increasing number of states. A big reason for this trend is the growing popularity of alternative consumption methods that don’t scream “stoner,” such […]
Read MoreQuality Standards, Certification Program for Medical Cannabis Businesses to Debut in Fall
Americans for Safe Access will launch a standards and certification program for medical cannabis businesses across the country this fall, a long-overdue move that could boost the industry’s legitimacy, credibility, transparency and professionalism significantly. The Patients First Program incorporates the best practices and general product standards designed by the American Herbal Products Association (AHPA) for […]
Read MoreWeekly Wrapup: Cannabis Funding Picture Brightens + CO Moving Forward With Retail Regs
Looking for money to get your cannabis idea off the ground or take your MMJ company to the next level? Dust off your suit jacket, refine your business plan and polish your pitch, because a growing number of investors are looking for opportunities to get involved in the marijuana industry. The latest evidence of the […]
Read More5 Questions for Khurshid Khoja on New Cannabis Investing, Funding Opportunities Tied to JOBS Act
A move by the Securities and Exchange Commission this week opens up huge new doors for ancillary cannabis startups seeking money while also making it easier for investors to find opportunities in the marijuana industry. The SEC essentially agreed to let entrepreneurs use advertising as a way to raise financing in certain circumstances, lifting a […]
Read MoreMedical Cannabis Stocks Socked in Second Quarter as Public Firms Fail to Gain Traction
Medical marijuana stocks continued to struggle in the second quarter despite increasing optimism over the industry’s future, underscoring the risky nature of cannabis investments and the sector itself. The share price of nearly every publicly traded company involved in the cannabis space fell or was flat from April through June – with a handful of […]
Read MoreFrom Edibles to MMJ Pet Treatments, Public Firms in Other Industries Eyeing Cannabis Opportunities
Nearly a dozen small publicly traded companies in various industries have announced plans over the past few months to tap the cannabis market, another sign that mainstream businesses and investors are taking marijuana seriously. Some had dipped their toes in the medical marijuana/hemp industry in the past but have now decided to make it a […]
Read More5 Questions for Justin Hartfield: Opportunities as Cannabis Industry Becomes ‘Pimply Teenager’
WeedMaps co-founder Justin Hartfield made waves in the cannabis industry earlier this month when he launched a new venture capital fund that will invest in and acquire marijuana-related companies. Hartfield and his partner are just now in the early stages of finding investors, but they hope to raise between $10 million and $25 million. If […]
Read MoreMulti-Million Dollar Cannabis Venture Capital Fund in Works, Plans to Target Ancillary Marijuana Startups
A California venture capital firm led by noted MMJ pioneer Justin Hartfield – who co-founded WeedMaps.com – has launched a new investment fund that aims to pump millions of dollars into cannabis companies, acquire ancillary businesses and help guide fledgling marijuana firms. Newport Beach, Calif.-based Ghost Group hopes to raise between $10 million and $25 […]
Read MoreQuarterly Financial Reports Highlight Challenges Facing Publicly Traded Medical Cannabis Companies
Medical marijuana sales are expected to grow by 15% this year to hit $1.5 billion, dispensaries are launching in several new markets across the country and retail cannabis stores are gearing up to open in Colorado and Washington. Expectations for – and excitement surrounding – the future of the marijuana industry are understandably high. So […]
Read MoreMedBox Profits Halved Despite Healthy Increase in Revenues, Growth of Medical Cannabis Industry
MedBox Inc., which provides automated cannabis vending systems and consulting services to the medical marijuana industry, saw its first-quarter net income fall 56% as increased marketing, commissions and other expenses outpaced revenue growth. The California-based company reported $272,018 in profits for the first three month of the year, down 56% from $622,150 during the same […]
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