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Marijuana industry’s future is bright, MJBizCon speakers say

New Jersey recreational marijuana legalization may be a highlight of 2018; it’s possible but unlikely the Trump administration will crack down on the U.S. cannabis industry; and major mainstream corporations are “not going to miss out” on the business opportunities presented by the burgeoning marijuana trade. Those are just a few of the highlights from […]

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New US recreational marijuana markets – one year later

The recreational marijuana industry had a big year in 2016, when voters in four states – California, Maine, Massachusetts and Nevada – approved sales of adult-use cannabis.

But one year later, what the voters approved and the reality of what’s happening look vastly different.

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Hemp State Highlight: North Dakota growing lots of hemp, but market potential is limited

Few states are growing more hemp than North Dakota. With more than 3,000 acres in active hemp production and an unparalleled system for getting viable, certified seeds to interested growers, North Dakota could one day be the hemp leader it is for other agricultural commodities from corn to flaxseed.

But North Dakota has natural enemies that can limit hemp’s ability to thrive, as well as manmade enemies that limit the plant’s potential uses.

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Chart: Most effective forms of advertising for cannabis businesses

Many marijuana business owners identified word of mouth and social media as the most effective methods of marketing/advertising for their companies, according to data gathered for the Marijuana Business Factbook 2017. Small marketing budgets, restrictions on certain forms of advertising and resistance from mainstream media platforms to accept cannabis-related ads mean marijuana businesses must find […]

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Leading US marijuana retailer LivWell takes ‘significant’ ownership stake in Canadian producer

One of the largest marijuana retailers in the United States has acquired a “significant” equity stake in an Alberta cannabis producer, a move that could pave the way for other U.S. companies to enter the Canadian market. Denver-based LivWell Enlightened Health purchased the undisclosed stake in Lethbridge, Alberta-based 51st Parallel, Marijuana Business Daily has learned.

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Election results: Recreational cannabis legalization strong possibility in New Jersey + wins in Detroit

By John Schroyer

New Jersey is poised to legalize recreational marijuana after a pro-cannabis candidate won the state’s gubernatorial race Tuesday, giving the MJ industry a potentially huge win in what could be a lucrative new market for businesses.

Come January, anti-marijuana Gov. Chris Christie will be out of office and Democrat Phil Murphy will be in.

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Cannabis industry has vested interest in today’s elections in Michigan, New Jersey and New York

Welcome to Election Day 2017. Though it won’t compare to the historic gains the cannabis industry made at the polls last November, there are three states whose election results could either directly or indirectly have serious ramifications for marijuana businesses: Michigan, New Jersey and New York. Polls in Michigan and New Jersey close at 8 […]

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