One year after a hurricane devastated the island of Puerto Rico, medical cannabis businesses are reporting a remarkable turnaround from a storm that is believed to have left nearly 3,000 people dead. The U.S. territory’s medical marijuana patient pool is increasing and prices for cannabis flower are leveling off after Hurricane Maria ravaged Puerto Rico’s […]Read More
The regulatory whirlwind that swept through California’s marijuana industry since the newly regulated market launched in January continues to fan many companies’ anxieties – especially those smaller farmers that are more focused on cultivation than mainstream business savvy.
In particular, the state requirement that all growers use licensed distributors as middlemen to get their product to market has resulted in a bottleneck in many rural marijuana farming areas, especially Trinity County, which is famously remote and therefore was a perfect stomping ground for illicit cannabis growers for decades.Read More
Businesses that provide seed-to-sale tracking systems to the marijuana industry operate in an intensely competitive environment, but one company appears to be pulling away from the pack with its recent contract victories.
Franwell – the Florida manufacturer of the regulatory compliance system known as Metrc – has won contracts with more than half the markets that require cannabis businesses to use a specific seed-to-sale traceability system.Read More
A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United States, are being lured by Canada’s cannabis-friendly capital markets and a growing appetite among international investors for American MJ assets. So far this year, 17 […]Read More
New recreational cannabis applicants in Oregon have to wait at least a year for a license, many Oklahoma doctors are told not to recommend medical marijuana, and New Jersey receives a flood of applications for MMJ licenses. Here’s a closer look at some notable developments in the cannabis industry this week. Oregon preps for license […]Read More
Federal civil racketeering lawsuits are proliferating against marijuana businesses, forcing companies to sometimes spend tens of thousands of dollars to cover legal costs. Experts are divided about the risk the lawsuits pose to the industry. But the growing number of cases is proving worrisome to industry watchers. “There is a greater risk of (racketeering) litigation […]Read More
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
The 2018 California legislative session in Sacramento – which wound to a close Aug. 31 – was a blend of highs and lows for licensed cannabis companies, with some major victories scored literally on the last day while other high-profile bills died. Some wins for marijuana businesses involved changes to the provisional licensing process and […]Read More
It’s no secret that Oregon is growing far more marijuana than the market can absorb, so some cultivators are turning to MJ’s cousin: hemp. As Oregon cannabis prices continue to sink to new lows amid a product glut, outdoor growers are applying what they know about marijuana and cultivating hemp for both smokable CBD flower […]Read More
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
Cannabis companies that want to go beyond THC and CBD content can focus on a part of the plant that’s increasingly front-of-mind for consumers: terpenes.
These plant-based chemicals are the molecules in marijuana that give the plant its smell, taste and, some argue, added effects beyond just getting users high.Read More