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Lessons learned by Washington state cannabis firms after 5 years of recreational sales

Washington state rolled out the world’s second adult-use marijuana market on July 8, 2014, following closely behind Colorado, which began recreational sales at the start of that year. Over the past five years, Washington state cannabis business owners have persevered through stiff competition, a shifting regulatory landscape and sliding market prices. A study released by the […]

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Downturn in California lab-tested marijuana batches adds to confusion over state’s supply chain

The number of marijuana product batches undergoing laboratory testing in California has dipped in recent months, sparking worries among some industry officials over the health of the state’s cannabis market and the possibility that product supply is dwindling. But several insiders also were careful to note it’s too early to reach any conclusions based on […]

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Chart: Diversification enhances profitability of marijuana product manufacturers – to an extent

Makers of cannabis products are more likely to turn a profit if they offer merchandise across multiple categories – but that profitability declines if a manufacturer produces too many types of goods. For companies offering products across a single category, 27% described their business as profitable compared with roughly 50% of companies offering products across […]

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Marijuana Business This Week: Ohio eyes medical cannabis additions, Iowa MMJ fight, L.A. deadline & more

Here are some notable stories and events in the cannabis industry to watch for in the coming days: OHIO BOARD DELIBERATES: After tabling discussions last month about adding autism spectrum disorder and anxiety to the list of qualifying conditions for its medical marijuana program, the State Medical Board of Ohio is expected to resume deliberations […]

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Week in Review: Canopy’s Linton out, NJ ups medical cannabis licenses, 280E MJ tax case a no-go with Supreme Court & more

Canopy Growth’s board sacks CEO Bruce Linton, New Jersey boosts number of medical marijuana business licenses, the U.S. Supreme Court declines to hear a 280E marijuana tax case – plus other important news from around the industry. Linton out as Canopy faces pressure from Constellation Bruce Linton, CEO and chairman of Canada’s Canopy Growth, the […]

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Linton’s firing by Canopy follows string of losses, may raise concerns about cannabis sector-mainstream partnerships

Former Canopy Growth co-CEO Bruce Linton may have had suspicions about his future when a special board meeting of the Canadian cannabis giant was convened last Friday. Even though Linton was also Canopy’s chair, he didn’t call the meeting. By Wednesday, Linton was filling up his car with gas at Costco and contemplating his future […]

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‘The board decided’: Marijuana giant Canopy Growth fires Bruce Linton as CEO 

Canadian cannabis producer Canopy Growth on Wednesday announced the departure of Bruce Linton as co-chief executive, a surprise move that analysts say could be tied to the company’s disappointing earnings. Effective immediately, Linton is stepping down and co-CEO Mark Zekulin will become the sole interim chief executive as the board looks for a permanent leader. […]

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California’s track-and-trace system slowly spreading through marijuana supply chain, but hiccups remain

(This story has been updated to reflect that the California cannabis business license numbers below were as of June 26, not July 26 as initially reported.) The marijuana inventory tracking system for the world’s largest cannabis market – California – isn’t fully online, despite its rollout in January. But it’s getting there. The slow transition […]

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Chart: Sales of cannabis products spiked over Mother’s Day, Father’s Day weekends

Retail data reveals sales spikes in several marijuana categories over Mother’s Day and Father’s Day weekends, highlighting differences in gender-based cannabis gift-giving in states that have legalized adult use. Data from Seattle-based analytics firm Headset shows that sales increased 35% to 80% in several product segments over Father’s Day and Mother’s Day weekends in California, […]

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