A husband and wife who held key positions at a Colorado credit union that serves marijuana companies have filed a lawsuit claiming they were fired in part because one of them witnessed the company’s high-profile CEO using cocaine on several occasions, Marijuana Business Daily has learned. The wrongful termination suit lists Partner Colorado Credit Union, its CEO […]Read More
Cronos Group unveiled its Australian joint venture and the first phase of a 10-million-Australian-dollar ($8 million) production facility, the latest move by a Canadian company to carve out opportunities to meet demand Down Under and position itself to capitalize on future possibilities in Asia. It’s the first Canadian company to help build a medical cannabis company in Australia […]Read More
Steady growth has characterized Arizona’s medical marijuana program over the past few years, and 2017 was no exception as the state reinforced its position as one of the nation’s largest MMJ markets.Read More
Scotts Miracle-Gro says California’s slow implementation of marijuana regulations is hurting sales, Arizona considers medical cannabis testing, and Maine’s governor delays MMJ regulations. Here’s a closer look at some notable developments in the marijuana industry over the past week. Scotts’ sales decline Scotts Miracle-Gro CEO James Hagedorn said California’s slow rollout of regulations has hindered […]Read More
Rob Kampia, the embattled former chief of the Marijuana Policy Project, was removed from the board of directors of the National Cannabis Industry Association this week, Marijuana Business Daily has learned. Kampia’s ouster adds to recent turmoil at the NCIA and raises questions about the organization’s future. “NCIA’s Board of Directors voted to remove Rob […]Read More
If hemp fiber is so strong and easy to grow, why is so much of it moldering in barns awaiting a buyer? Two hemp companies say they have the answer, and they plan to bring it to farmers who can’t find buyers for hemp’s tough stalks. HempLogic in Washington state and Power Zone Agriculture in […]Read More
Montana’s medical marijuana businesses aren’t sitting on their hands.
In fact, it’s quite the opposite.
As 600-plus registered caregivers wait for state regulators to finalize industry regulations that were expected last June, many have taken steps to open dispensaries or even expand into retail chains for the first time.Read More
Oregon’s marijuana cultivators are facing a challenging environment that favors vertically integrated companies and craft cannabis.
Wholesale prices for outdoor-grown marijuana have dropped to as low as $50 a pound.
These low wholesale prices refer to trim and to outdoor-grown flower sold to processors who make cannabis oil.Read More
The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will generate billions of dollars in sales and create tens of thousands of business opportunities.
The changing business climate will lead to new challenges, struggles and, potentially, failures for companies and the individuals behind them.
As we hurtle into 2018, the editorial staff at Marijuana Business Magazine – which is published by Marijuana Business Daily – singled out 20 executives in the cannabis space who bear watching in the year ahead.Read More
Mergers and acquisitions in Canada’s marijuana sector are showing no signs of letting up.
The latest deal brings together one of the largest and lowest-cost medical marijuana producers in Canada and a company with an extensive international footprint.Read More
Illinois’ medical marijuana program grew at a solid, consistent pace throughout 2017, but the potential addition of intractable pain as a qualifying MMJ condition in the state could set the table for a breakout year in 2018. Illinois added 14,000 MMJ patients to its rolls over the course of 2017 – an 88% increase – […]Read More