Marijuana Business News

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Fri
16
Nov

Las Vegas to expand MJBizCon to weeklong cannabis trade show

The cannabis world is currently in the middle of what has become one of the largest and most important industry events: MJBizCon.

Hosted in Las Vegas, the annual conference and trade show has seen explosive growth in recent years. So much so that the city of Las Vegas has just announced plans to extend the event. Beginning next year, the three-day expo will become a weeklong cannabis event.

Fri
16
Nov

HEXO's cannabis strategy is to focus on Canada - and it's working

In the days following the legalization of recreational marijuana in Canada, HEXO was quick to send out a press release touting its ability to meet demand where other companies had fallen short.

Fri
16
Nov

[SPONSORED] Jane Technologies and CanPay partner to bring online payments to customers in the cannabis marketplace

New partnership moves the U.S. cannabis industry forward by providing first-of-its-kind legitimate, transparent, and friction-free online payments solution

Thu
15
Nov

Canada's cannabis advantage is going up in smoke as the U.S. moves in

Canada’s competitive advantage in cannabis is disappearing.

Half of the 10 biggest marijuana companies trading in Canada are now U.S. based, including MedMen Enterprises Inc. of Los Angeles, Curaleaf Holdings Inc. of Wakefield, Mass., and Green Thumb Industries Inc. of Chicago. Quincy, Florida-based Trulieve Cannabis Corp. and Boulder, Colorado-based Charlotte’s Web Holdings Inc. are among the top 10.

Canadian companies still take the top three spots north of the border, though the biggest pot company by market value, Nanaimo, British Columbia-based Tilray Inc., is listed in the U.S. and has a market value of US$10.4 billion.

Thu
15
Nov

$4.7B in cash-based cannabis taxes overwhelm IRS

The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”

According to Quartz, the U.S. government collected approximately $4.7 billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. Most of these companies were forced to pay their federal taxes in cash because about 70 percent of all legal cannabis businesses are unbanked.

Thu
15
Nov

Ontario's private cannabis retailers open their doors on April 1, and here are the rules

The Ontario government has released regulations that will guide the startup of private cannabis stores on April 1.

The stand-alone stores can be open any day between 9 a.m. and 11 p.m., but they must be at least 150 metres away from schools and bar entry to anyone under 19 years old.

A market concentration limit of 75 stores per operator has been set. Until April, cannabis can only be legally purchased from the online Ontario Cannabis Store.

Applications for licences will begin on Dec. 17 and illegal cannabis retailers who were operating after legalization on Oct. 17 will not be eligible to receive cannabis sales licences.

Thu
15
Nov

International Cannabis successfully completes Colombian Agricultural Institute cannabis inspection

ICC International Cannabis Corp. (CSE: WRLD) (FWB: 8K51) (OTC: KNHBF) ("ICC" or “International Cannabis” or the “Company”) is pleased to announce it has successfully completed its Colombian Agricultural Institute (“ICA”) Cannabis inspection.
The ICA aims to contribute to the sustainable development of Colombia’s agricultural, livestock, fishery and aquiculture sectors. The ICA administers Colombia’s seed certification system, as well as oversees agricultural research and development with the objective of protecting people, animal and plant health, while optimizing trade conditions.

Eugene Beukman, Chief Executive Officer and a director of International Cannabis stated: “ICC is proud to report it has passed the ICA’s Cannabis inspection with flying colours.

Thu
15
Nov

New York's marijuana rules taking shape

Governor Andrew Cuomo created a committee a few months ago to make recommendations to the state Legislature on an adult-use recreational program. 

News10NBC Investigative Reporter Jennifer Lewke looked into how programs in other states work and sat down with the only member of New York's committee that lives in our part of the state.  

New York is not forging new ground by developing a recreational plan. A number of other states have paved the way. 

"No one had ever taxed it and setup a whole regulatory framework, and to do that and to be in conflict with the federal law, I don't know... it's just not my idea of a good time," says Governor John Hickenlooper of Colorado.

Thu
15
Nov

Inside look at what's creating a buzz at marijuana business conference

Las Vegas is the center of the cannabis industry this week.  The marijuana Industry Conference is at the Las Vegas Convention Center through Friday, and the gathering of attendees so far has been record-setting.

A total of 30,000 vendors, business owners, and investors flocked to the convention to see what will be big in 2019. "I spend a lot of time in D.C. and I can tell you the tide has turned," said Brady Cobb, the CEO of Sol Global Investments.

Cobb's firm just made a nine-figure investment to get into the medical marijuana industry in Florida. He said their investment was a no-brainer.

Thu
15
Nov

Leafbuyer Technologies, Inc. submits application to list on Canadian Securities Exchange

Leafbuyer Technologies, Inc. (“Leafbuyer or the “Company”) (OTCQB: LBUY), a leading cannabis technology company, announced today it has submitted an application to list its common shares with the Canadian Securities Exchange (“CSE”).

Already listed with OTC Markets, Leafbuyer looks to broaden its footprint into cannabis dispensaries and product operations across North America.

“Canada’s legalization is a powerful signal to the rest of the world that cannabis should be a legal, nationally-regulated industry,” said Kurt Rossner, CEO of Leafbuyer. “Leafbuyer sees opportunities by dual listing on the CSE and is looking forward to its offering on a foreign exchange.”

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