Half a year into California’s newly regulated marijuana market, it’s worth asking: How are licensed companies in the state doing financially? The short answer: Many are struggling. Chelsey Miles, a Sacramento-based accountant and consultant who works with licensed manufacturers, retailers and distributors, said most companies are “breaking even, but I don’t think they might be […]Read More
Canadian medical marijuana company Tilray began trading on the Nasdaq on Thursday, making it the first cannabis business to go public on a major U.S. exchange via an initial public offering (IPO). One of the larger cannabis companies in Canada, Tilray plans to list on the Nasdaq Global Select Market under the ticker symbol TLRY. […]Read More
Earlier this month, Denver stripped Sweet Leaf of all 26 of its city-issued marijuana licenses for what authorities characterized as a management-directed illegal sales “looping” scheme that allowed customers to buy cannabis multiple times a day. Sweet Leaf maintains its innocence. The news garnered a lot of attention from cannabis sector experts, who generally agreed […]Read More
Worried about the fallout from marijuana that doesn’t meet state requirements?
Simply taking preventive measures such as investments in infrastructure and increased vigilance in cultivation operations can help growers stave off costly catastrophes.Read More
Despite knowing for years that electricity is a major expense that can significantly affect everyone’s bottom line, marijuana businesses – especially growers – are still struggling to keep costs manageable. The good news is that a burgeoning number of utility companies are working with cannabis cultivators to better manage costs.Read More
Medical marijuana programs in states that went on to legalize adult-use cannabis are suffering.
Data from MMJ programs in Colorado, Oregon and Nevada – the only states with both an active recreational marijuana industry and a pre-existing MMJ patient database – shows patient counts steadily declining in the months and years following the launch of each state’s adult-use market.Read More
The trio of state agencies that oversees California’s marijuana program on Friday published the long-awaited first draft of permanent rules for the state’s multibillion-dollar MJ industry.Read More
The Michigan medical marijuana industry sees an expansion of qualifying conditions and new licenses, Oklahoma adopts emergency medical cannabis rules, and Maine’s MMJ market opens up in new ways. Here’s a closer look at some notable developments in the cannabis industry over the past week. Kick the can? The Michigan medical marijuana industry got a double […]Read More
It’s crunch time for Canada’s cannabis companies as they hustle to prepare for the October launch of the country’s legal recreational market. South of the border, everyone tied to the legal marijuana scene is watching closely to gauge whether this historic milestone might translate into an economic boom for U.S. firms as well. Tremendous opportunities […]Read More
The feds are coming. And, in this case, that’s good news.
The chances of serious marijuana reform in the halls of Congress have increased dramatically in recent months, with major political names from both Republican and Democratic camps embracing the cause of changing federal cannabis laws.Read More
Merger and acquisition activity is accelerating across the cannabis industry as more companies land multimillion-dollar capital infusions and ink deals aimed at growing market share. The momentum is giving more company founders an opportunity to cash out at an attractive price – or leverage the deals to launch their next venture. The flurry of activity […]Read More