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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Week in Review: Leafly layoffs, deceiving CBD labels & Detroit’s MMJ wins
Leafly lays off employees amid new leadership, a study says most CBD products are improperly labeled, and Detroit voters approve pro-medical marijuana laws. Here’s a closer look at some notable developments in the marijuana industry over the past week.
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No beginning in sight for Maine’s recreational marijuana program
Marijuana businesses hoping to serve Maine’s recreational cannabis market will probably have to wait until 2019 and possibly longer depending on how the state’s gubernatorial race shakes out next year. Standing in the way is Gov. Paul LePage, who has emerged as a one-man rec cannabis wrecking crew.
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Failed deal, red ink, dwindling sales put MassRoots on the ropes
At one point, MassRoots was flying high, raising millions of dollars from investors and attempting to become the first cannabis company listed on the Nasdaq. Over the course of 2017, however, the marijuana-centric social media network has nosedived and now finds itself in a precarious position.
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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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Marijuana companies weighing billboard advertising’s expense against the exposure
By Omar Sacirbey
Marijuana businesses seeking to market their brands are often caught between restrictions that forbid them from using most mainstream advertising platforms and the financial constraints that young industries typically face.
That tough situation has pushed many marijuana businesses toward billboards as an advertising option.
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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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November/December Issue
Growing Ambition. Companies leverage capital, partnerships and diversification to expand beyond state lines.Read the Issue