By Matt Lamers, John Schroyer and Bart Schaneman Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
By Bart Schaneman Alaska’s recreational marijuana business owners are fighting for the right to outfit their shops with a separate space to accommodate full consumption, including smoking, on their premises. The move is largely designed so they can offer the 1 million-plus tourists who visit the state every year a place to consume cannabis.Read More
By Omar Sacirbey
Massachusetts’ recreational marijuana market can expect an influx of business license applications now that lawmakers have agreed on an adult-use bill that will serve as the framework for the new industry.
The market will be strong, observers predict, but the stakes will be high for a coveted license.Read More
By Omar Sacirbey
Canada’s biggest medical marijuana producer, Canopy Growth in Smith Falls, Ontario, serves more than one third of the nation’s MMJ patients and generated 203 million Canadian dollars ($160 million) in revenue last year.
But the company also lost CA$16.7 million.
How? An aggressive expansion plan.Read More
By Eli McVey Wholesale marijuana prices in Nevada increased sharply around the July 1 rollout of the state’s new recreational program, a week in which businesses faced stronger-than-anticipated demand and supply shortages caused by hiccups in the distribution process.Read More
By Omar Sacirbey and John Schroyer Nevada works to avert a recreational marijuana supply shortage, New Hampshire adds chronic pain and PTSD to its medical cannabis qualifying conditions, and Maryland reorganizes its MMJ commission. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
By John Schroyer Say you’ve had a marijuana business for a few years. And you’re tired of running it and want to cash out, or maybe you’ve encountered an excited potential buyer looking to get into the industry. The immediate question is: How much is the company worth?Read More
By Omar Sacirbey Glen Ibbott had a successful career as a top executive with U.S. life sciences companies worth hundreds of millions of dollars that listed on the Nasdaq Stock Market. But it wasn’t hard for Canada’s Aurora Cannabis to lure Ibbott north of the border to become the medical marijuana producer’s chief financial officer.Read More
By John Schroyer
Just as the marijuana industry has exploded in recent years, so too has a sector that revolves around the plant’s non-psychoactive cousin: hemp.
In particular, demand for hemp-based cannabidiol has skyrocketed, and the resulting need nationwide for more CBD-based health products helped give birth to a new industry that parallels the larger cannabis market.Read More
By Eli McVey The lion’s share of cannabis infused product makers have chosen to expand into multiple categories of goods rather than focus exclusively on a single segment such as edibles, concentrates or topicals.Read More
By Omar Sacirbey and Bart Schaneman
Massachusetts lawmakers table negotiations on the state’s recreational marijuana law, Denver finalizes rules for social cannabis use, and West Virginia creates an advisory board to help plan its MMJ industry.
Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More