In what’s believed to be a first for the U.S. medical marijuana industry, Ohio regulators have awarded a contract to a private company for an MMJ patient call center. The three-year contract went to Direct Success, an Ohio-based company that has two subsidiaries working in the ancillary cannabis field. The contract is worth $1.1 million, […]Read More
Rob Kampia, the embattled former chief of the Marijuana Policy Project, was removed from the board of directors of the National Cannabis Industry Association this week, Marijuana Business Daily has learned. Kampia’s ouster adds to recent turmoil at the NCIA and raises questions about the organization’s future. “NCIA’s Board of Directors voted to remove Rob […]Read More
The parent company of the longtime cannabis-centric publication High Times magazine has filed paperwork to raise $50 million by selling shares at $11 each. The initial public offering, disclosed in a filing with the Securities and Exchange Commission, reinforces that the magazine’s parent company still intends to obtain a listing on the Nasdaq if possible. The […]Read More
The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will generate billions of dollars in sales and create tens of thousands of business opportunities.
The changing business climate will lead to new challenges, struggles and, potentially, failures for companies and the individuals behind them.
As we hurtle into 2018, the editorial staff at Marijuana Business Magazine – which is published by Marijuana Business Daily – singled out 20 executives in the cannabis space who bear watching in the year ahead.Read More
The National Association of Cannabis Businesses, a self-regulatory organization, is proposing marijuana industry standards for packaging and labeling. The announcement comes in the wake of U.S. Attorney General Jeff Sessions’ decision earlier this month to tear up key protections for the recreational cannabis industry. According to a news release, the standards are designed to “help NACB […]Read More
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 […]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
- May 18, 2018
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