MJBizDaily Newsletter

Get our daily email

More Exclusive Features

Marlboro maker ‘evaluating opportunities’ in cannabis industry

Altria Group, one of the largest tobacco companies in North America, is assessing its market opportunities in the cannabis industry. The entry of Altria – owner of Marlboro maker Philip Morris USA and an investor in alcohol giant Anheuser-Busch InBev – would be another major milestone for the marijuana sector, coming on the heels of […]

Read More

Week in Review: Ohio’s odd ban on CBD sales, California acts on illicit firms & Nevada MJ market sizzles

Ohio bans CBD sales outside of marijuana stores – which aren’t even open yet – California regulators take legal action against two unlicensed MJ businesses, and the Nevada cannabis market tops half a billion dollars in sales during its first year.

Here’s a closer look at some notable developments in the cannabis industry this week.

Read More

Earnings highlights: Hedge fund billionaire Leon Cooperman bets on cannabis; two firms deliver solid Q2 results

Share prices at cannabis firms Green Thumb Industries and Tilray are on the rise after solid second-quarter performances – and mainstream investors are taking note, with at least one hedge fund billionaire throwing his support behind the industry. The two businesses reported their first earnings as newly public companies after the markets closed Tuesday. Here’s […]

Read More

Marijuana growers stare down costly, burgeoning environmental regulations

Chris Jennings, owner of Lakeside Herbal Solutions, hired a handful of consultants and spent tens of thousands of dollars to fulfill California’s environmental impact requirements for marijuana cultivation applicants. The result was a 126-page report describing his planned South Lake Farms growing and processing operation in the Northern California city of Clearlake, the environmental findings and the […]

Read More

Chart: Number of California licensed recreational marijuana stores falls short

The number of licensed recreational cannabis stores in California is far short of what’s needed to adequately supply the market, as licensing logjams at the local level constrain establishment of operations in large portions of the state.

It’s yet another issue hampering the rollout of California’s recreational marijuana industry, which has experienced lower-than-expected tax revenue and a flourishing black market.

Read More

How marijuana companies can keep staffs intact during market launch delays

In new cannabis markets where compliance, scarce supply or testing logjams can delay cultivation and retail operations, it’s critical to retain talent during slowdowns and shutdowns.

Delays that bogged down the launch of cannabis sales in Alaska, Hawaii and Pennsylvania don’t have to be detrimental to marijuana businesses, according to industry insiders

Read More