California lawmakers shelved a plan that would have allowed private banks to handle the money being generated by the legal cannabis industry. The proposal was put on ice after a legislative analysis determined it would face significant obstacles, including a lack of protection for state banks from federal law enforcement, the Los Angeles Times reported. The […]Read More
Constellation Brands’ multibillion-dollar wager on Canopy Growth is huge – record setting even – but a much larger story is lighting up across the cannabis industry: Wall Street has arrived. Financial heavyweights Goldman Sachs and Bank of America Merrill Lynch are officially dabbling in the marijuana industry now, which is a move observers call a […]Read More
Another U.S. marijuana company is expanding into the Great White North. California-based Kush Bottles, a major provider of packaging, supplies, vaporizers and other accessories for the cannabis industry, announced it is launching Kush Supply, a subsidiary based in Toronto. This follows several other business forays by U.S. cannabis companies into Canada, including Oregon-based Cura Cannabis Solutions, […]Read More
In a Savannah, Georgia, warehouse, Smoke Cartel employees file through rows of vaporizers, dab rings and torches, hustling to fill online orders from head shops, dispensaries and consumers across the United States. It’s an operation that less than five years ago began as wishful thinking – launched from the living room of Smoke Cartel co-founders […]Read More
The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from […]Read More
Already big business in areas of the U.S., marijuana tourism could become a lucrative business sector in Canada when recreational sales begin.Read More
It can take months for a marijuana business to gain licensing approval from regulators.
The biggest problem facing a company in such a situation is it usually must have the location nailed down before filing an application.
But paying rent on space before having a license in hand can cost a lot of money, unless steps are taken early in the process to minimize costs.Read More
It’s crunch time for Canada’s cannabis companies as they hustle to prepare for the October launch of the country’s legal recreational market. South of the border, everyone tied to the legal marijuana scene is watching closely to gauge whether this historic milestone might translate into an economic boom for U.S. firms as well. Tremendous opportunities […]Read More
Merger and acquisition activity is accelerating across the cannabis industry as more companies land multimillion-dollar capital infusions and ink deals aimed at growing market share. The momentum is giving more company founders an opportunity to cash out at an attractive price – or leverage the deals to launch their next venture. The flurry of activity […]Read More
As a co-founder of MJ Freeway, one of the best-known names among cannabis seed-to-sale companies, Jessica Billingsley is widely seen as an industry pioneer.
When she and Amy Poinsett co-founded the Denver firm in 2010, seed-to-sale tracking wasn’t a thriving sector.
Today, it’s an indispensable element of the marijuana industry, and the firm has processed more than $10 billion in legal cannabis transactions.Read More
With 109 approved growers and another 500 in the pipeline, Canada’s field of licensed cultivators is getting more crowded, making solid application critical.Read More
A Colorado-based investment adviser received a cease-and-desist order from state regulators after admitting to securities fraud tied to a cannabis-focused firm he launched in 2016. Charlie Stivers, founder of Aurora-based Aim High Holdings, admitted to violating the Colorado Securities Act when he failed to disclose certain facts as he solicited investments for his firm, according to the […]Read More
- May 22, 2019
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