Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]Read More
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MedMen strikes up a cannabis partnership with Canada’s Cronos Group, California’s Humboldt County considers reopening its licensing process, and a judge tells Arkansas to stop issuing medical marijuana licenses. Here’s a closer look at some notable developments in the marijuana industry over the past week. Brave new world? Multistate cannabis giant MedMen’s collaboration with a […]Read More
Massachusetts’ looming recreational marijuana market has the potential to be one of the most prosperous in the nation.
Under rules finalized this month, cannabis entrepreneurs face no license caps for an assortment of business categories, edibles and many other goods are permitted, and there are opportunities to build a brand.
But applicants seeking to set up shop when the Bay State’s adult-use industry opens this summer will face a gauntlet of requirements that have already derailed scores of aspiring medical marijuana businesses.Read More
It’s been almost three months since the official start of California’s recreational – and regulated medical – marijuana markets. So, how are things going? Depends on whom you ask. But the general consensus among business owners, advocates, regulators and elected officials is there’s still a mountain of uncertainty and troubles ahead before California’s cannabis market […]Read More
Whether you’re operating in a newly medical or recreational marijuana market, illicit cannabis sales are an ever-present threat to the legal industry.
Marijuana entrepreneurs can’t control how the black market operates, but there are ways to encourage customers to instead buy from a licensed, regulated business.
Put simply, it requires going above and beyond what black-market operators can offer by way of service and prodRead More
Alcohol companies should be watching their backs. That’s the warning from Torsten Kuenzlen, a former executive for The Coca-Cola Co. and Molson Coors. In his opinion, legal cannabis has an obvious competitive advantage over alcohol products. “All alcohol is consumed only as a liquid. Cannabis meets more consumer needs and motivations in the way that it’s […]Read More
A cannabis company plans to offer low-dose CBD products at convenience stores, U.S. Attorney General Jeff Sessions says federal attorneys have bigger concerns than “routine” marijuana cases, and an Arkansas judge blocks regulators from issuing MMJ business licenses. Here’s a closer look at some notable developments in the marijuana industry over the past week. Fill […]Read More
Nevada’s recreational marijuana supplies are plentiful but not overly abundant, keeping wholesale cannabis prices on the high side compared to other adult-use markets. Business owners in the Silver State don’t expect wholesale prices to remain steep for much longer, however. Growers are continuing to build out their cultivation facilities and improve their growing methods, pumping […]Read More
After Attorney General Jeff Sessions ripped up the Cole Memo and gave U.S. attorneys greater leeway to prosecute marijuana businesses, many industry executives and experts wondered whether the days of the federal government leaving legal cannabis alone were over.
Many lawyers and others argue that the new Sessions Memo didn’t change much.
Weedmaps apparently doesn’t plan to drop its listings for unlicensed California marijuana businesses any time soon. In a letter sent Monday to the California Bureau of Cannabis Control, the online marijuana advertising giant wrote that it is “not a Licensee subject to the Bureau’s purview.” The letter – signed by Weedmaps CEO Doug Francis and […]Read More
Colorado-based Helix TCS, a publicly traded ancillary marijuana company, said it signed a merger agreement with BioTrackTHC, a Florida-based seed-to-sale cannabis tracking software company.
The deal’s price tag wasn’t disclosed.
According to an 8-K filing, BioTrackTHC stakeholders will own 48% of Helix TCS once the merger is finalized.Read More