MJBizDaily

Image of a downward arrow depicting a business decline

News

The cannabis industry is having a price compression crisis. What’s the solution?

U.S. cannabis sales declined year over year for the first time on record, falling from $32 billion to $29.94 billion.

Shirts referencing the newly legal marijuana market in New York City.

State fairs are the ideal place for an honest conversation about cannabis

News

Story Cannabis CEO Jason Vedadi (Courtesy photo)

The cannabis CEO behind a $2.1 billion sale bets again, but smaller

News

Voice of the Plant: Genetics are the cannabis industry’s greatest asset – act accordingly

News

Why the federal hemp ban threatens cannabis seed banks – and your favorite genetics

News

Latest Posts

Image of a For Sale sign in front of a blurred building

Marijuana cultivator, retail franchiser Item 9 Labs seeks sale of business

Item 9 Labs Corp., the parent company of marijuana retail franchise business Unity Rd. and Arizona cultivator Item 9 Labs, has retained Sharp Capital Advisors to help sell its business.

News December 20

Image of a lab technician at a microscope holding a cannabis nugget with tweezers next to testing beakers

State cannabis regulators still one step behind questionable THC lab data

Despite widespread acknowledgement from cannabis industry observers that commercial testing laboratories across the country routinely inflate THC potency results, consequences are rare, according to a review of recent state regulatory…

News December 20

Image of cannabis gummies intermingled with flower, marijuana leaves

Another major marijuana brand exits Colorado market

Coda Signature, an early entrant in Colorado’s regulated marijuana market, is the latest brand to cut business operations in the state.

News December 19

Image of blackboard with a yes vote to unionize

Cannabis retail employees join UFCW in Missouri, New Jersey

More cannabis dispensary employees have voted to join the United Food and Commercial Workers (UFCW) labor union, this time in Columbia, Missouri, and Freehold, New Jersey.

News December 19

New York officials close illicit marijuana operation ahead of legal openings

The day before the grand opening of the first legal adult-use store in Brooklyn, New York state officials celebrated what they vow will be the final shutdown of a longstanding…

News December 19

Image of a calculator and pencil sitting atop earnings statements

Cannabis producer Organigram reports CA$248 million loss, massive excise bill

Canadian cannabis producer Organigram reported a loss of 248.6 million Canadian dollars ($185 million) in the 2023 fiscal year, postponed its free cash flow guidance and appointed a permanent chief financial…

News December 19

Image of a budtender serving a customer at the Stiiizy Costa Mesa location

Stiiizy president denies allegations of illicit marijuana operations, sales

Stiiizy, one of the top-selling marijuana brands in California with operations in several other states, told MJBizDaily it has no connection to illegal business practices detailed in a lawsuit and…

News December 19

Image of three dice spelling out M&A sitting in front of a calculator, with business graphs in the background

Cannabis producer Canopy sells skin care unit to Inspirit Capital for CA$15.9M

Cannabis producer Canopy Growth has completed the sale of its This Works skin care and wellness unit to United Kingdom-based Inspirit Capital for 9.3 million pounds (15.9 million Canadian dollars).

News December 18