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New Colorado law boon for cannabis capital, but concerns remain for minority businesses

Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state’s cannabis industry. Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses. For example: Denver-based Medicine Man Technologies through the year announced an almost […]

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Is cannabis technology company MassRoots out of business? CEO insists no

Denver-based cannabis technology company MassRoots’ website has been offline for a number of days, raising fresh questions about the financial health of a company that has been in turmoil since at least 2017. Isaac Dietrich, the company’s founder and chief executive officer, maintained in an email to Marijuana Business Daily that the cannabis social networking pioneer […]

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MJBizDaily Awards Hall of Fame inductees: cannabis business pioneers Steve DeAngelo and Wanda James

Marijuana Business Daily has selected cannabis industry pioneers Steve DeAngelo and Wanda James as the inaugural inductees into the MJBizDaily Awards Hall of Fame, which will be showcased next week during MJBizCon in Las Vegas. They are being recognized as social justice warriors and savvy entrepreneurs who have broken down barriers in ways that have helped other […]

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Chart: First year of adult-use cannabis sales in Massachusetts doesn’t disappoint

Massachusetts’ recreational marijuana industry recorded nearly $400 million in its first full year of sales, a strong initial sum given the dearth of retail stores throughout the state. But the market has significant room for growth, which will come as regulators approve more applications and access to the legal market improves. From August through October, […]

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On first day of Michigan recreational marijuana sales, customers line up for flower

The line outside the Exclusive Brands dispensary in Ann Arbor, Michigan, stretched nearly three blocks on the state’s first day of recreational cannabis sales Sunday. As a light rain fell, the store’s employees passed out pizza, cookies, donuts and coffee to customers who had lined up to purchase adult-use marijuana products. Exclusive Brands owner Omar […]

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Why some marijuana firms are rebranding in response to cannabis industry’s changing business climate

As the cannabis industry has moved to shed the “stoner” stereotype many have held of its consumers, several marijuana businesses are rebranding themselves via name changes and other steps to try to reflect the companies they’ve become.  Whether the decision revolves around an initial public offering (IPO), including Akerna’s, or the acquisition of multiple dispensaries such […]

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Hopeful L.A. cannabis market entrants bleed money as they wait again – this time for licensing audit

The Los Angeles marijuana market is enduring more licensing delays. This time, it’s for a government-ordered audit of the city’s cannabis regulators.  It means more uncertainty for marijuana firms. And, perhaps most excruciating, it means more money down the drain. That’s the ongoing narrative surrounding the L.A. marijuana market, where hundreds of entrepreneurs have waited […]

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Cresco terminates VidaCann acquisition, highlighting cannabis industry’s focus on saving cash

Chicago-based multistate cannabis operator Cresco Labs said it is ending its agreement to buy Florida’s VidaCann, becoming the latest U.S. marijuana M&A deal to unravel and highlighting the steps companies are taking to navigate a rocky business environment. Cresco’s decision, in particular, sheds light on how marijuana companies are scrambling to save money and refocus […]

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