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Quarterly 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…
News May 28
Another Medical Marijuana Business Boom on Horizon? Cannabis Bills Advancing in Key States
The next few weeks could lead to a whole new chapter in the medical marijuana history books, with several influential states poised to pass bills that would greatly expand the…
News May 24
MedBox Profits Halved Despite Healthy Increase in Revenues, Growth of Medical Cannabis Industry
MedBox, 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…
News May 23
Prop D prevails: New L.A. cannabis regs will have many business implications, positive and negative
A measure to regulate the medical marijuana industry in Los Angeles and limit the number of dispensaries to 135 beat out two competing proposals by a landslide, ushering in a…
News May 22
Los Angeles Marijuana Dispensaries on Edge With Voters Set to Reshape Nation’s Largest MMJ Market
(Update: The official results are in. See story here) It’s D-Day in LA. The estimated 700-plus dispensaries in Los Angeles will likely learn their fate sometime tonight after voters weigh…
News May 21
Weekly Wrap-Up: WA or CO Better for Cannabis Entrepreneurs? + Another State Leans Toward MMJ
First Colorado, then Washington. The two states that legalized marijuana for recreational use in November are both moving forward quickly on the regulatory side, with Colorado approving final rules on…
News May 20
Breaking: Illinois Poised to Become 20th MMJ State as Legislature Passes Medical Cannabis Bill
The Illinois Senate has passed a bill legalizing the cultivation, sale and use of marijuana for medical reasons, a watershed development that puts the state on the cusp of joining…
News May 17
Proposed Washington State Marijuana Rules Include Many Hoops, Challenges for Entrepreneurs
Labeling and dosage standards. Rules on waste disposal, ownership changes and third-party testing. Application fees ranging from $250 to $500 for marijuana retailer, producer and processor licenses. These are some…
News May 17
GrowLife’s Acquisition Strategy Leads to Spike in Revenues, But Wider Net Loss, in Q1
GrowLife Inc., a publicly traded company that provides cultivation equipment and related technology to the medical marijuana industry, reported a sevenfold increase in revenues during the first quarter but also…
News May 16
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