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MJBizCon 2019: Cannabis industry recognizes year’s challenges as it looks forward to longer-term growth

LAS VEGAS – Members of the cannabis industry’s brain trust used the first day of MJBizCon to share predictions for 2020 and describe how changing attitudes in the United States might affect future marijuana legalization efforts – plus more coverage from this week’s conference in Las Vegas. In his keynote presentation Wednesday, Chris Walsh, president and […]

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Despite early freeze and $7 million in losses, Colorado marijuana grower still enjoys strong sales

Pueblo, Colorado-based Los Sueños Farms – the state’s largest cannabis grower – now estimates it lost about $7 million in an early October freeze, but the owner said the outdoor harvest was still better than last year, and the company will have ample material for the extraction market. The Colorado market was initially concerned when […]

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Expanded cannabis content offerings highlight MJBizCon as attendees from around the world descend on Las Vegas

Marijuana Business Daily‘s annual MJBizCon – which caters to attendees from more than 75 countries – has extended its scope for the 2019 event with significantly broader program offerings surrounding hemp, marijuana investing, the science of cannabis and more. The series of events are part of the larger MJBizConWeek, which runs from Dec. 9 to […]

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California marijuana tax hike puts future of legal market in spotlight amid worries over state industry’s viability

Flurries of meetings and negotiations have occurred behind the scenes in Sacramento since California announced a cannabis tax increase last month. The stakes surrounding these discussions – all aimed at lowering the marijuana industry’s tax burden – are nothing less than the survival of the state’s legal marijuana market, according to some industry watchers. Representatives from multiple […]

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Week in Review: Michigan begins adult-use cannabis sales, Harborside appeals tax case, Brazil sets stage for big import market & more

Michigan launches its recreational marijuana industry, California-based Harborside appeals a closely watched federal tax case, Brazil lays the groundwork for what could become one of the world’s largest medical MJ import markets – and more of the week’s top cannabis news. MI adult-use sales begin with limited number of stores open Michigan’s first day of […]

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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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