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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 […]

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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 […]

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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.

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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

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California marijuana labeling snafu leads to yet another recall

Ronnie Cabral was horrified to learn a few weeks ago that his vape cartridge firm’s California business license number and company name were being used on products that weren’t his. He was even more horrified to learn his identifiers were being used by a distributor he hadn’t even hired to take his products to market […]

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Week in Review: Big bank drops pro-MMJ candidate, cannabis class action suit & PA growers’ sales

Banking giant Wells Fargo closes the account of a Florida candidate who supports medical marijuana, a class action suit is filed on behalf of cannabis growers in a California county, and Pennsylvania MMJ growers/processors are on pace for $5 million in sales in their first year. Here’s a closer look at some notable developments in […]

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Higher prices and barer shelves: California cannabis retailers face frustrated customers

Licensed marijuana retailers in California are struggling to cope with customers angry about price hikes and less product choice – a direct result of the state’s new packaging and testing regulations that took effect July 1. Here’s a look at some of the concerns related to the state’s current business environment as well as how some companies are […]

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