Entrepreneurs are tempering their once sky-high expectations to capitalize on Newfoundland’s regulated cannabis sector. The province is the only place east of Manitoba where privately owned businesses will be allowed to sell recreational cannabis, but they’re restricted to an 8% markup.Read More
One of the cannabis industry’s largest lighting solutions suppliers, Austin, Texas-based Fluence Bioengineering was recently acquired by Osram, a $4.1 billion firm based in Munich, Germany. The deal may signal increased interest from international firms and investors on the hunt for ancillary cannabis companies.Read More
The California marijuana industry suffered a significant setback in the statehouse last week when a bill to reduce a statewide excise tax died in committee.Read More
Los Angeles-based MedMen is the latest U.S. cannabis company to go public in Canada as more firms hustle to raise the capital needed to stay ahead in the green rush.The multistate marijuana firm debuted Tuesday on the Canadian Securities Exchange under the ticker MMEN.Read More
The U.S cannabis industry could pump nearly $80 billion on an annual basis into the county’s economy by 2022, a staggering figure that highlights the true reach of the marijuana industry.Read More
Ohio medical marijuana companies spend thousands on real estate while awaiting licenses, Missouri MMJ businesses eye ballot measures that would prove most business-friendly, and Oregon’s top federal prosecutor calls out the state’s excess cannabis output. Here’s a closer look at some notable developments in the cannabis industry over the past week. Waiting for Godot No […]Read More
Traditionally known for its legendary black market, Colombia is looking to make “made in Colombia” a respected brand in the growing family of countries with a legal medical cannabis program, bolstered by a supportive government.Read More
John Poss is a self-described rough-water sailor who has made a career of righting the ship for sinking companies.
With three decades of experience consulting for companies undergoing major upheavals, he decided three years ago to dive into the cannabis industry.
Since then, as CEO of Las Vegas-based cannabis company GB Sciences, Poss has partnered with universities in the United States and abroad.Read More
A number of permit-holding marijuana retailers in California view unlicensed competitors as serious threats.
While fully compliant cannabis retailers across California are being forced to pass high tax rates on to their customers, some brazen unlicensed dispensaries advertise that they don’t pay state or local taxes, meaning their marijuana is far cheaper than prices at law-abiding shops.Read More
Industry observers have predicted more moves by Big Alcohol into the Canadian marijuana market. And that business forecast continues to prove on point with the groundbreaking announcement that North America’s largest wine and spirits distribution company signed an agreement to become the exclusive product distributor for one of Canada’s largest licensed cannabis producers. Under the agreement, […]Read More
When California released its latest marijuana industry regulations on Friday, the response from cannabis businesses in the state was largely muted. This perhaps indicates that the most disruptive changes are farther down the road before the rules are finalized later this year.Read More