The honeymoon is over for Weedmaps and California’s gray-market marijuana businesses. The California Bureau of Cannabis Control sent a cease-and-desist letter last month to Irvine-based Ghost Management Group, the owner of popular marijuana dispensary finder Weedmaps.com, ordering the company to stop advertising unlicensed operators or face unspecified “criminal and administrative penalties.” Sacramento authorities recently sent their […]Read More
As owner of the National Holistic Healing Center, a Washington DC dispensary that serves roughly 2,000 patients, Chanda Macias has found success pairing scientific and medical expertise with corporate experience. She hopes to use that same formula to help turn around Women Grow, the once high-flying cannabis professionals group that more recently has experienced the closure […]Read More
A growing number of hemp companies are launching products aimed at the tattoo industry, from CBD patches marketed as pain relief to balms and creams designed to speed recovery, to expand their retail opportunities. “A tattoo, it’s basically just an open wound,” said Ali Munk, spokeswoman for Infinite CBD, a Denver company that makes hemp-derived […]Read More
Nevada retailers sold nearly $200 million worth of recreational cannabis since adult-use sales began six months ago, surpassing the total revenue generated by Colorado and Washington state in the early months of their recreational markets.Read More
Massachusetts defers recreational marijuana delivery and onsite consumption, Arkansas approves five medical cannabis cultivators, and Washington state grants its floundering hemp program a reprieve. Here’s a closer look at some notable developments in the marijuana industry over the past week. An ‘elegant’ solution The decision by Massachusetts regulators to delay licensing for stand-alone marijuana delivery […]Read More
Canopy Growth, the largest medical cannabis company in the world by sales, is planning to list its shares on the Nasdaq, a move that would make it only the second vertically integrated MMJ business to be traded on a top American stock market. CEO Bruce Linton disclosed his Nasdaq aspirations in a speech to the […]Read More
Kentucky checks all the boxes for nourishing a hemp revival.
Climate suited to the plant? Check. Friendly regulations from a state willing to experiment and invest in hemp? Check.
Lots of cheap land and a processing infrastructure that includes in-state decortication and CBD extractors? Check and check.
So why do some agronomists fear that Kentucky has reached its hemp zenith?
One arena in which the cannabis industry has struggled to make serious gains is the stock market. Most plant-touching companies that are also publicly traded still live on the over-the-counter markets, dreaming of the day when they’ll graduate to the Nasdaq or the New York Stock Exchange. Derek Peterson is no exception. As the founder […]Read More
At a time when the U.S. Department of Justice is increasingly hostile toward the marijuana industry, experts said the best way for MJ businesses to keep federal law enforcement at bay is compliance with state laws and best business practices. One important way to do that is through insurance, which more states are requiring marijuana […]Read More
A North Carolina company is making the cannabis industry’s first play for consumers of color with a line of beauty products aimed at ethnic minorities. The Hemp Excellence line of body lotions, lip balms and CBD capsules went on sale this month at two beauty shops that cater to women of color in Winston-Salem, North Carolina. […]Read More
Investment activity in the cannabis industry has been increasing for several years, but 2018 is on pace to shatter previous records, as global financing in marijuana-related businesses topped $1.4 billion just six weeks into the New Year.Read More