Global liquor giant Constellation Brands plans to significantly increase its ownership in Canopy Growth by investing an industry-record 5 billion Canadian dollars ($3.8 billion) to make the marijuana titan its exclusive global MJ partner. Constellation will acquire 104.5 million shares directly from Canopy Growth for CA$48.60 per share, giving the New York-based company – which owns, […]Read More
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In a Savannah, Georgia, warehouse, Smoke Cartel employees file through rows of vaporizers, dab rings and torches, hustling to fill online orders from head shops, dispensaries and consumers across the United States. It’s an operation that less than five years ago began as wishful thinking – launched from the living room of Smoke Cartel co-founders […]Read More
A pair of voluntary California cannabis product recalls in late July sparked concerns in the industry that other companies would be put in similar situations – and end up spending time and money to ensure their products arrived on retail shelves. Three testing lab executives told Marijuana Business Daily that such fears are likely overblown […]Read More
Colorado’s retail marijuana sector has seen more consolidation as it’s matured, but relative to more established industries, it remains a highly competitive and open market. It’s a reminder that the dust has yet to settle in the nation’s most developed legal marijuana market – and there will likely be far more consolidation in the years ahead. […]Read More
Ontario’s new retail framework for recreational cannabis will start with online-only sales when legalization takes effect Oct. 17, with a network of privately owned stores expected to be in place by April 1.
The new retail plan, first reported by Marijuana Business Daily, is a complete overhaul of the previous government’s commitment to opening only a small number of publicly owned stores.Read More
Ohio awards provisional medical marijuana processing licenses, a cannabis consumer survey in California confirms licensed MJ businesses are losing market share to illicit operators, and a Florida judge says a state law restricting the number of MMJ businesses runs afoul of a voter-approved constitutional amendment. Here’s a closer look at some notable developments in the […]Read More
Marijuana-related companies, regulators and trade groups around the globe recently stopped appearing in Facebook searches, becoming casualties of what appears to be the social media platform’s latest attempt to filter results related to “marijuana” and “cannabis.” The phenomenon is known as “shadow banning,” in which posts on an online social community such as Facebook, Twitter […]Read More
A growing number of cannabis businesses are turning to public markets in the United States and Canada as they hustle to raise the capital needed to compete in the green rush.
“These companies are really starting to see the public markets as a viable option for them to raise capital, and clearly over the past two and three years, we’ve seen the pace and number of firms going public really accelerate,” said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group, which manages trading platforms for more than 10,000 over-the-counter securities.Read More
There’s one major pain point for Oregon marijuana business owners that eclipses all others: a supply glut caused by too much cannabis and insufficient demand. The surplus of wholesale cannabis has shifted the dynamics of the state’s MJ industry. It has forced growers to cut costs and eliminate staff. And it has created a buyer’s […]Read More
Anyone who’s actively involved in the California marijuana space can tell you the one overriding theme of 2018 thus far has been confusion.
There are far more questions than answers at nearly every level of the supply chain – from growers to retailers to ancillary businesses and everyone in between.Read More
New York’s medical marijuana program is adding patients at a speedy clip, and the recent approval of MMJ as an alternative to opioids has the potential to give sales in the state a substantial boost. Over the past 12 months, nearly 37,000 patients were added to New York’s MMJ program, a 128% increase. The gains […]Read More