Confusion at the federal level about water is causing a huge dilemma for hemp producers: Licensing deadlines are fast approaching in many states, but farmers don’t know if they’ll be able to irrigate their crops. That’s because the nation’s largest wholesale supplier of water – the U.S. Bureau of Reclamation – won’t allow its water to […]Read More
The marijuana industry is strapping in for a roller-coaster 2018, when challenges and opportunities are unfolding faster than ever, and in more places than ever.
Here’s a look at 11 challenges and opportunities that will demand the attention of marijuana entrepreneurs in 2018:Read More
Marijuana Business Daily reporter John Schroyer is on the ground in Berkeley, California, and will post live updates throughout New Year’s Day from the longest-operating medical cannabis dispensary in the country – Berkeley Patients Group (BPG).
Scroll down for a front-row seat to the challenges and successes BPG experiences on its first day selling recreational marijuana as well as insight on the launch of California’s recreational marijuana industry, which Marijuana Business Daily estimates could generate at least $4 billion in annual retail sales in several years. (All entries are in Pacific Time.)Read More
Recreational cannabis sales officially begin in California today, but fewer than 100 adult-use retail licenses have been issued throughout the state – which may lead to long lines and supply issues for the rec stores able to open their doors on New Year’s Day. California’s Bureau of Cannabis Control – the agency overseeing the licensing process for […]Read More
The official launch of recreational marijuana sales in the largest market in the United States is just days away.
And the longest-operating dispensary in the nation – Berkeley Patients Group (BPG) – is working until the very last minute to make sure it’s ready for California’s historic day.Read More
It was a lung-busting 2017 for the North American cannabis industry, with marijuana executives stateside holding their collective breath wondering whether the new Trump administration would crack down on legal MJ businesses. Amid the uncertainty, Nevada’s new recreational marijuana industry opened in July with skyrocketing sales, while government officials and regulators in California and Canada […]Read More
You don’t have to hail from California to get in on what will be the biggest cannabis market in the world.
The state’s new medical and recreational marijuana programs don’t have a residency requirement – a fact that could attract droves of out-of-state entrepreneurs to California and revive memories of the 1849 Gold Rush.Read More
Two ancillary marijuana companies announce huge fund raises, Maryland approves 12 more medical cannabis dispensaries, and Alaska regulators shut down an edibles company. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of the times? Significant capital raises by a pair of cannabis-focused technology companies portend what […]Read More
Cronos Group isn’t the kind of company to promise the moon and deliver a pizza. That’s why the Toronto-based firm announced its intentions for a massive expansion after breaking ground on a 315,000-square-foot facility earlier this year. It’s all part of CEO Mike Gorenstein’s plan to be realistic with the company’s production targets. “This is […]Read More
The arrests of 13 budtenders at one of Colorado’s largest marijuana retail chains last week exposed a hole in the state’s regulations for recreational cannabis sales. The rules stipulate that a retail cannabis store can’t sell more than 1 ounce in a single transaction. But marijuana-focused legal experts say the law doesn’t spell out how much can […]Read More
California’s conversion from a two-decades-old medical cannabis gray market to a regulated marijuana industry isn’t going to be easy for companies that are set in the ways they’ve been doing business for years.
In fact, it’s probably going to be downright painful, considering the extra expenses required to become fully compliant and obtain all the necessary permits.Read More