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Canada’s Landmark Day: Country launches industrialized world’s first recreational cannabis market

Published October 17, 2018 | By Marijuana Business Daily staff

Marijuana Business Daily reporters were on the ground in Canada, providing live coverage of the nation’s historic launch of its recreational cannabis market. Our staff filed updates throughout the day, providing you a front-row seat for the opening of recreational shops and to get insights on sales, challenges, successes and breaking news from the largest country […]

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Full financial effect of Canada’s recreational marijuana ‘soft launch’ may be years away

Published October 16, 2018 | By Matt Lamers

When Canada becomes the first Group of Seven country to legalize recreational cannabis on Wednesday, market observers say it will amount to a “soft launch,” with the full financial effect of this multibillion-dollar industry still years from being realized. The early months will be marked by a small number of stores, limited product selection and […]

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Ahead of Canada’s big day, forecast for cannabis industry gets a boost

Published October 16, 2018 | By Lisa Bernard-Kuhn

On the eve of Canada’s historic launch of its recreational marijuana program, the global cannabis industry appears poised for explosive growth thanks to the confluence of a host of market developments. “The well-capitalized cannabis industry has been evolving rapidly and looks to address a far larger (market) than we had originally forecast,” Wall Street analyst […]

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Chart: The days of CBD-only stores may be numbered

Published October 15, 2018 | By Jenel Stelton-Holtmeier

While hemp and marijuana may be close relatives, most hemp-derived CBD retailers don’t sell the products alongside medical cannabis. But as state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to […]

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Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp

Published October 12, 2018 | By Jeff Smith, Bart Schaneman and Joey Peña

Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]

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Canadian regulator wants cannabis companies to disclose US border risk

Published October 11, 2018 | By Matt Lamers

Canada’s securities watchdog is warning the country’s publicly traded marijuana companies to improve their disclosure practices – including any risks tied to their executives and employees crossing into the United States – or face additional regulatory action. The warning came in a detailed notice published Oct. 10 by the Canadian Securities Administrators (CSA), an umbrella […]

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MedMen inks blockbuster $682 million stock deal to acquire medical cannabis firm PharmaCann

Published October 11, 2018 | By Lisa Bernard-Kuhn

MedMen Enterprises has agreed to acquire multistate medical marijuana company PharmaCann in an all-stock deal valued at $682 million, inking what is believed to be the largest acquisition to date in the U.S. cannabis industry. The deal will double the number of states where Los Angeles-based MedMen has licenses to operate – expanding the firm’s […]

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Navigating the marijuana sector: Q&A with Chris Hagedorn, GM of Scotts Miracle-Gro unit Hawthorne Gardening

Published October 10, 2018 | By Bart Schaneman

If you’ve ever planted a garden or nurtured a lawn you’ve probably heard of Scotts Miracle-Gro. The Ohio company’s subsidiary, Hawthorne Gardening in Vancouver, Washington, has more recently helped cultivators with a trickier plant than carrots or Kentucky bluegrass: cannabis. Hawthorne’s rapid expansion has helped transform Scotts into a cannabis juggernaut from its early days […]

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