Finding sustainable packaging options for cannabis products
3h By Pamela MooreCannabis companies can do their part in the sustainability movement - and seek higher price points for their products - by selecting packaging that can be recycled or is made from recycled materials.…Cannabis firms should use data, backups to strengthen supply chain
Wed 6:21pm By Bart SchanemanCannabis companies that rely on the international supply chain need to keep a watchful eye on their suppliers and avoid spreading their businesses too thin, industry experts said Wednesday on the third, and final, day of Marijuana Business Daily‘s virtual…MJBizDaily offers new way for marijuana firms to spread their word
Wed 3:48pm By Jeff SmithMarijuana businesses now can announce new product releases, staff changes and other company news through a new, paid news release section on MJBizDaily.com. “Our reporters cover industry news, but businesses should have a way to control their own ability to…Arkansas adds two medical cannabis growers to fast-growing market
Wed 1:25pm By Jeff SmithArkansas medical cannabis regulators voted to issue two additional cultivation licenses in response to some supply concerns in the rapidly growing market. The state now has awarded the maximum eight cultivation licenses allowed under a 2016 ballot initiative…Cresco closes $29M sale-leaseback deal on MA marijuana facility
Wed 12:24pm By John SchroyerCresco Labs, a multistate cannabis operator headquartered in Chicago, has entered into its fifth sale-leaseback deal with San Diego-based Innovative Industrial Properties (IIP), this time for a vertically integrated marijuana facility in Massachusetts.…Denmark approved only eight of 63 medical cannabis product applications
Wed 11:29am By Matt LamersEight of the 63 applications to admit products to Denmark’s medical cannabis trial scheme have won approval since the program’s inception in 2018, according to a recent disclosure by Health Minister Magnus Heunicke. Heunicke provided the new figures in an…Maine edges closer to starting $300 million adult-use cannabis market, though opt-outs and license…
Wed 6:30am By Jeff SmithMaine is inching toward launching a projected $300 million-a-year recreational marijuana market perhaps by the fall, nearly four years after residents voted to legalize adult use. Former Gov. Paul LePage, an adult-use cannabis opponent, stifled early efforts…California cannabis market a challenge, but it’s not all doom and gloom
Tue 7:12pm By Jeff SmithExperts agree the California recreational marijuana market is extremely challenging because of high tax rates, huge illicit production and consumption as well as an uncertain economy amid the coronavirus pandemic. But while much of this is unfair to legal…Marijuana edibles maker Dixie Brands changing name to avoid causing ‘pain’
Tue 6:33pm By Jeff SmithDenver-based marijuana edibles producer Dixie Brands said it will change its name in a move to separate itself from the historic context of the word “Dixie” and to “stand shoulder to shoulder with the Black community.” The 10-year-old Denver-based…NJ is key to East Coast adult-use cannabis legalization, stakeholders say
Tue 5:39pm By Bart SchanemanNew Jersey is the “linchpin” for coming recreational marijuana legalization on the East Coast, a panel of industry experts said Tuesday on the second day of MJBizConNEXT Direct, Marijuana Business Daily‘s three-day virtual cannabis business conference.…Second medical marijuana provider in Louisiana poised to roll out products
Tue 4:44pm By John SchroyerOnly two entities in Louisiana – both colleges – are authorized to produce medical marijuana for patients, and Southern University on Wednesday is expected to join Louisiana State in rolling out its first product line. Southern’s product debut is also an…Illinois delays awarding 80 cannabis business permits
Tue 3:26pm By John SchroyerThe governor of Illinois on Monday signed an executive order delaying the issuance of 80-plus marijuana business permits that were scheduled to be awarded on July 1, and now it’s unclear when the licenses might be granted. According to the Chicago Tribune,…Cannabis sector can boost economy post-pandemic, Canadian chamber says
Tue 2:57pm By Matt LamersCanada’s cannabis industry can help create jobs in the post-pandemic economic recovery, the nation’s largest business association says, despite challenges recently faced by some domestic producers. To that end, the National Cannabis Working Group – an…The ins and outs of medical cannabis distribution in Germany
Tue 2:05pm By Alfredo PascualAn ability to draw a distinction between an importer and wholesaler of medical cannabis is essential to the understanding of the German distribution market, says Jakob Sons, co-founder of Frankfurt-based Cansativa. Not all distributors of medical cannabis in…Iowa governor signs bill expanding medical marijuana THC formula
Tue 12:01pm By Jeff SmithIowa Gov. Kim Reynolds signed into law a bill that replaces the 3% THC cap with a per-patient limit of 4.5 grams of THC for a 90-day period, but it’s unclear how much the move will boost the state’s heavily regulated medical cannabis market. The provision…Exclusive: US retail marijuana sales on pace to rise 40% in 2020, near $37 billion by 2023
Tue 6:30am By Eli McVeyRetail sales of medical and recreational cannabis in the United States are on pace to eclipse $15 billion by the end of 2020, an increase of approximately 40% over 2019 sales figures, according to exclusive projections from the 2020 edition of the Marijuana…Ways to shake up cannabis firms and keep as many workers as possible
Mon 6:02pm By Jeff SmithThe coronavirus pandemic has caused the cannabis industry to focus on operational efficiency rather than rapid growth, a shift that has resulted in layoffs in California and other locations across the country. But panelists at the MJBizConNEXT Direct…Alberta’s online cannabis store pauses chocolate sales due to melting concerns
Mon 4:58pm By Solomon IsraelAlberta’s government-operated online cannabis retailer is pausing internet sales of cannabis-infused chocolates for more than two months, citing the effects of summer heat on chocolate shipments to consumers. “To avoid our online customers receiving melted…Cresco CEO: How marijuana firms can ‘slingshot’ out of recession, pandemic
Mon 4:03pm By Jeff SmithIf cannabis companies can survive this “giant curveball” and economic downtown, those businesses can “slingshot out of it” in better shape and with more opportunities than before the coronavirus. That was one of the central messages delivered Monday by…California cannabis regulators extend license fee deferrals amid coronavirus
Mon 3:32pm By John SchroyerThe three regulatory agencies that oversee California’s marijuana industry said Monday they’re again offering license fee payment deferrals for up to 60 days – this time for business permits that are expiring in July and August. The announcement was made…Auxly Cannabis latest Canadian firm to reel in international footprint
Mon 3:22pm By Matt LamersToronto-based Auxly Cannabis is the latest Canadian cannabis company to take a critical look at its international footprint.…San Diego creates new marijuana business regulatory agency
Mon 1:59pm By John SchroyerSan Diego has joined cities such as Los Angeles, Sacramento and San Francisco in creating a cannabis-specific agency to oversee its marijuana industry. The city’s fledgling Cannabis Permitting Bureau will have an annual operating budget of just under $1…Acreage completes New Jersey medical cannabis acquisition
Mon 1:50pm By Jeff SmithMultistate marijuana operator Acreage Holdings said it has closed on a deal to acquire a New Jersey medical cannabis operation for $10 million, plus the assumption of debt. The acquisition, announced last year, gives Acreage a firm foothold in a marijuana…MJBizConNEXT keynoter Simms urges marijuana industry to ‘be audacious’
Mon 1:06pm By Bart SchanemanMJBizConNEXT Direct and Hemp Industry Daily Direct kicked off Monday with a virtual keynote speech from Dia Simms, an award-winning entrepreneur and member of The BRN Group, a New York-based cannabis tech company. Simms called on the cannabis industry to move…‘Cannabis visionary’ Booth stepping down from board, Aurora says
Mon 12:11pm By Solomon IsraelAurora Cannabis co-founder Terry Booth has left the company’s board of directors, months after stepping down as chief executive. Aurora made the announcement Monday in a brief news release that described Booth’s departure from the board as a…Black marijuana business executives address bigotry in the sector
Mon 6:30am By John SchroyerTo contribute to the conversation about institutional racism in the cannabis industry, Marijuana Business Daily spoke with several Black MJ business owners and executives from across the United States to get their thoughts on racism and how it might have…Oregon cannabis cultivation company leveraging partnerships, new retail presence to increase…
Sun 11:00am By Kevin HuhnWhile still fairly small, East Fork Cultivars has become one of the most respected cannabis cultivators in the Pacific Northwest. The family-run business, based in Takilma, Oregon, wants to increase its profile this year while capitalizing on national revenue…Week in Review: AG Barr blasted for marijuana merger reviews, more M&A deals altered, L.A. shifts…
Sat 10:00am By John SchroyerU.S. Attorney General William Barr ordered investigations into 10 proposed marijuana industry mergers – a move that a career Justice Department prosecutor charged was “not even close to meeting established criteria” for such reviews. That prosecutor,…Israeli cannabis legalization bill passes early test, but long road remains
Fri 1:59pm By Matt LamersIsrael’s Legislature advanced two cannabis-related bills this week, marking an important milestone on what is expected to be a long road before the measures can become law. The first bill focuses on decriminalization. The second bill would legalize cannabis…Jamaica minister: ‘Cannabis industry not hindered in ability to export’
Fri 12:21pm By Matt LamersJamaica’s agriculture minister has dismissed claims that long-delayed regulations for medical cannabis exports is causing international companies to exit the country. Audley Shaw, minister of Industry, Commerce, Agriculture and Fisheries, said license…
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