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Potential $325M-$425M Michigan medical marijuana market braces for more turmoil

Michigan’s medical marijuana industry is girding itself for a heap of disorder – including possible product shortages and revenue losses to the black market  – unless state regulators approve many more business licenses by next month’s deadline, experts warn. Regulators have approved only 16 medical cannabis licenses, including seven dispensaries, under a new statewide regulatory […]

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Week in Review: California cannabis home delivery, the ‘real’ Sanjay Gupta & ND to vote on adult-use MJ

California cities push back on proposed regulation changes around home marijuana deliveries, a Canadian CBD company signs a branding agreement with “Dr. Sanjay Gupta” – but not the one you may think – and a North Dakota recreational cannabis measure gets approved for the November ballot. Here’s a closer look at some notable developments in […]

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Breaking down the big deal behind Constellation’s bet on cannabis and Wall Street’s involvement

Constellation Brands’ multibillion-dollar wager on Canopy Growth is huge – record setting even – but a much larger story is lighting up across the cannabis industry: Wall Street has arrived. Financial heavyweights Goldman Sachs and Bank of America Merrill Lynch are officially dabbling in the marijuana industry now, which is a move observers call a […]

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Alleged fraud, theft, defamation, drug abuse: Longtime marijuana industry insiders prep for court battle

A legal battle royale between two cannabis consulting firms in Los Angeles will pit industry insiders and former friends against each other in a case that exemplifies how cutthroat the marijuana business has become. In one corner is Avis Bulbulyan, CEO of SIVA Enterprises and a member of the California Cannabis Advisory Committee, which works […]

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Bruce Linton discusses deploying CA$5 billion, Canopy’s commitment to international growth

Canopy Growth, a Canadian medical marijuana giant, is taking a massive 5 billion Canadian dollar ($3.8 billion) investment and going all in on worldwide medical and recreational cannabis business opportunities, the company’s CEO, Bruce Linton, said Thursday during an exclusive, wide-ranging question-and-answer session at MJBizConINT’L in Toronto.

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‘Global paradigm shift’: International cannabis business opportunities will accelerate

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

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Constellation invests CA$5 billion in cannabis giant Canopy in deal financed by BofA Merrill Lynch

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, […]

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Turning a marijuana pipe dream into a multimillion-dollar head shop: Q&A with Smoke Cartel CEO Darby Cox

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 […]

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