The coronavirus outbreak in China – which has killed hundreds, sickened thousands and led to travel restrictions – is expected to impact marijuana vaporizer companies that depend on Chinese suppliers by interfering with the flow of hardware and other products. Trade tensions between the United States and China previously caused disruptions in the supply chain. […]
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Glut of Oklahoma medical marijuana dispensaries driving price wars
So many medical marijuana dispensaries have opened in Oklahoma that many stores are slashing prices to stay competitive. The downward pressure on cannabis pricing has some dispensaries fearing for their future even as they brace for yet more possible business challenges that could result if the state enacts more cannabis regulations related to testing and labeling.
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Aurora announces CEO Booth’s departure, layoffs and up to CA$1 billion in writedowns
Terry Booth has resigned as chief executive of Aurora Cannabis, the Canadian multinational marijuana company he helped build from the ground up over the past seven years.
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Potential business carnage coming for California marijuana industry, but stability might emerge after that, experts say
Many California cannabis industry watchers are predicting more company failures, more businesses going into court-appointed receivership because federal bankruptcy protections aren’t an option, and more industry exits in general.
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Ten tips to help cannabis business startups succeed
Below I highlight my “Ten Commandments,” in no particular order, that I believe every startup – cannabis or not – should be aware of.
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Some struggling US cannabis companies may look to Canada for possible bankruptcy protection
With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin, special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]
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Which California city might show the way forward for cannabis social equity in the state?
Some marijuana industry watchers are keeping a close eye on Sacramento, California, as a possible example that other municipalities in the state could follow as they look to expand or develop new social equity plans. California cities, including Sacramento, have struggled to fulfill the ideals behind social equity even as marijuana businesses in the state also […]
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Chart: Cannabis delivery companies adapt strategy to focus on increasing participation by women
As cannabis acceptance becomes widespread, consumer demographics have shifted to include more women, impacting methods used by businesses to reach their target audience. San Francisco-based Eaze, an online cannabis marketplace and home delivery service, reported the number of women participating on its platform increased 81% between 2018 and 2019. That brings the company’s total proportion […]
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Oregon wholesale marijuana flower prices rise after growers exit market, some pivot to hemp
Oregon marijuana growers report wholesale flower prices are improving, which is welcome news for recreational cannabis cultivators in one of the country’s previously most oversupplied MJ markets.
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Experts weigh in on controlling costs in cannabis extraction
To become successful in the growing and, thus, highly competitive extraction space, it’s important for companies to keep their production expenses low.
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Week in Review: Bierman out at MedMen, Arizona medical marijuana sales up, MO dispensary licenses revealed & more
MedMen CEO Adam Bierman resigns, Arizona medical marijuana sales jump by over a third in 2019, Missouri reveals MMJ shop licensees and appeals seem likely – and more of the week’s top cannabis business news.
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Cannabis companies emerge from deadly outbreak with greater focus on technology.