Texas’ long-awaited CBD program is underway. Sort of. The nation’s second-most populous state has a limited CBD program, three licensed growers and plants harvested. But Texas has no patients just yet, a signal that the state’s elaborate hurdles are blocking consumers from accessing marijuana-derived medicine even if it’s a cannabidiol product low in THC. “We […]Read More
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Some hemp growers struggle to get water for their crops.
In Tennessee, hemp farmers have the opposite problem: They must grow a plant – one that doesn’t like soggy roots – in a climate with high humidity and more than 50 inches of rain a year.Read More
Marijuana Business Daily reporter John Schroyer was on the ground in California, posting firsthand accounts detailing the historic, Jan. 1 launch of the state’s recreational marijuana market. Scroll down for an inside account from cannabis business executives pioneering the state’s new adult-use market, which Marijuana Business Daily estimates will generate at least $4 billion in annual retail sales […]Read More
Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity. Despite a couple of record-setting months in 2017 – when sales eclipsed $100 million – the sales gains for Colorado’s rec market have been shrinking over the past three […]Read More
Nevada marijuana growers are displeased with the state’s updated regulations, Congress members counter the DEA’s view of CBD, and New York may take a look at recreational cannabis. Here’s a closer look at some notable developments in the marijuana industry over the past week. Direct sales in Nevada As Nevada finalizes the rules for its […]Read More
When Denver marijuana pioneer Kayvan Khalatbari announced his resignation from the board of the National Cannabis Industry Association (NCIA) in December, he intended to continue serving in the role until spring. But Khalatbari abruptly stepped down on Monday, telling Marijuana Business Daily he did so because of mounting frustrations with the organization’s direction and leadership. He […]Read More
A handful of Canadian marijuana companies are already knee-deep in California, deploying millions of dollars in cultivation facilities, retail outlets and branded products to establish a footprint in the world’s largest marijuana market. Executives at the companies – whose shares trade on the Canadian Securities Exchange (CSE) – said they hope to capitalize on: Access to […]Read More
Tripp Keber took many by surprise in December when he stepped down as CEO of Denver-based Dixie Brands, one of the most successful multistate companies in the marijuana industry.
His decision to exit the edibles company seemed to come out of the blue. But, in fact, it was more than a year in the making.
The notion to leave Dixie took root in late 2016, when Keber started reading John Hamm’s Harvard Business Review article, “Why Entrepreneurs Don’t Scale.”Read More
Attorney General Jeff Sessions didn’t have hemp in mind when he repealed Obama-era protections for state-legal marijuana businesses. But his Jan. 4 announcement sent shock waves into the hemp industry, too, leaving entrepreneurs scrambling to reassure skittish investors. It’s been a rocky couple of weeks for hemp entrepreneurs. That’s despite the fact that hemp’s legal […]Read More
Marijuana Business Daily reporter John Schroyer is on the ground in California, posting firsthand accounts detailing the historic, Jan. 1 launch of the state’s recreational marijuana market. Scroll down for an inside account from cannabis business executives pioneering the state’s new adult-use market, which Marijuana Business Daily estimates will generate at least $4 billion in annual retail sales […]Read More
Sales of medical marijuana are expected to begin in Pennsylvania this spring, with the state poised to become one of the largest MMJ markets in the nation. With cultivation underway and both patients and doctors registering with the program, the state’s MMJ market is progressing ahead of schedule – a rarity in the cannabis industry. […]Read More