MJBizCon attendees prepare to tackle marijuana industry challenges in 2023
As the regulated marijuana industry wraps up the 2022 business year, companies are fine-turning their strategies for whatever new challenges 2023 might bring.
Charlotte’s Web, Tilray sign Canadian manufacturing, distribution deal for CBD
Canadian cannabis producer Tilray Brands and Charlotte’s Web Holdings entered a “strategic alliance” to license, manufacture and distribute the Colorado-based manufacturer’s hemp-derived CBD products in Canada.
Beverages struggle to gain footing and market share in marijuana retail
Cannabis-infused beverages receive a lot of hype when they are rolled out, but they seldom turn out to be the hit their financial backers expect.
Consumers embrace concentrates as falling flower prices lead to cheaper extracts
Cannabis industry analysts and retail buyers say concentrates have made significant advances in the past 12 to 18 months—especially in more mature markets and among frequent cannabis consumers.
This goes for both stand-alone concentrates and infused products such as pre-rolls, vape cartridges and edibles.
Vaporizer cartridge sales are up 172% from 2018, with older consumers opting for larger carts filled with live resin
More than three years after illicit vape cartridges caused a health scare that set back the legal vape cartridge industry, regulated sales of cannabis vaping supplies have more than rebounded, according to sales statistics and retail purchasing agents.
Toronto exchange OK with Canopy’s US cannabis plan despite Nasdaq objection
The chief executive of the Toronto Stock Exchange has suggested that Canopy Growth’s proposed structure to speed its entry into the U.S. cannabis market is compatible with the exchange’s rules.
Lawsuit alleges makers of Jeeter pre-rolls inflate THC potency
A class action lawsuit filed against DreamFields and Med for America claims the companies’ Jeeter brand pre-rolls contain less THC than advertised.
