Marijuana Business News

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Wed
20
Oct

What Is Cannabis 3.0? CBD As Trojan Horse? Industry Experts Discuss The Future Landscape of Cannabis Brands

marketing paper

Speaking at last week’s  Benzinga Cannabis Capital Conference in New York City, Mary Ellen Schrock, brand evangelist at Vibe Growth told her colleagues on a panel called “The Trends Dictating the Future Landscape of Cannabis Brands” that it was time for the next generation of cannabis branding. (As Originally Seen On Benzinga by: Nina Zdinjak)

Wed
20
Oct

N.J. ‘Big Weed’ cannabis capers may limit minorities, locals

cannabis cigarette

Before recreational sales even get started, is New Jersey’s “budding” cannabis industry starting to resemble another regulated one that, too many times, has had competitors bringing out the knives against one another?

Many in South Jersey will recall an all-out war of words that developed a few years ago between Virtua Health and Cooper University hospital systems. Virtua had a growing multi-hospital footprint, while Cooper’s prestigious single acute-care hospital in Camden was the headquarters for a network of connected non-hospital properties. The parties sniped at each other, sometimes in court, over advertising claims, over which system would provide EMS transports in Camden City, and over which cardiac procedures they were authorized to perform.

Wed
20
Oct

Cannabis vendors in Constantine leery of retailer's ‘night club’ proposal

marijuana leaf

Representatives of medical and adult-use marijuana businesses in Constantine attended the Constantine village council meeting Oct. 18 with questions about a presentation to the council last month by Scott Dianda and Ed Santangelo of Tranquility Fields Retail, regarding opening a consumption lounge in the village. 

Tranquility Fields representatives call the proposed business “a night club for marijuana use," and said entertainment would be provided, and refreshments and marijuana would be ordered locally and delivered. 

Wed
20
Oct

Illinois Is Selling More Than $100 million In Weed Every Month

money

Don't worry, it's not to just one guy. That would be a bit extreme, even if one were to apply Cheech & Chong standards to the equation.

No, those sales have gone to lots of Illinois residents...and quite a few have gone to our Midwestern neighbors (Wisconsin, we're looking at you).

The Illinois Department of Financial and Professional Regulation (IDFPR) Says 2021 Sales Are Already At A Billion Dollars

According to the numbers posted at the IDFPR website, the lion's share of recreational marijuana purchases at Illinois' dispensaries (about $684 million) were made by Illinois residents, but a pretty hefty chunk of the state's overall take (over $312 million) came from out-of-state, or just-across-the-border.

Tue
19
Oct

FINANCIAL Latest Cannabis All Male SPAC To Raise $100 Million

men standing together

On Friday, the newest cannabis SPAC Achari Ventures Holdings Corp. I announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market and trade under the ticker symbol “AVHIU” beginning October 15, 2021.

Tue
19
Oct

From Former Prisons to Walmarts, Cannabis Companies Are Breathing New Life Into Vacant Buildings

vacant store

If there’s one truth in life, it’s that weed can grow just about anywhere. Backyards,  greenhouses, basements, rolling hills and acres of farms in every state, and even prisons. Well, a former prison, anyway.

One of the nation’s leading cannabis operators, Green Thumb Industries will open a modern ‘cannabis campus’ on the site of a former federal prison in Warwick, New York. It’s sort of a full-circle scenario for the industry, says Ben Kovler, founder and CEO.

Tue
19
Oct

Growing pains: Prop 64 unleashed recreational pot, but with heavy financial burdens

money growing like plants

 Five years ago, California’s approval of Proposition 64 opened the door to recreational marijuana and budding new local economies.

The proposition was billed as a win for increased tax revenues, entrepreneurship, jobs and the hope of beating back marijuana’s long-established and vast illicit cannabis market.

Mon
18
Oct

Pipp Horticulture Acquires the GGS Group of Companies

pip horticulture systems
Pipp Horticulture (a division of Pipp Mobile Storage Systems, Inc.) (“Pipp”), the leading provider of space‐saving, multi‐level mobile cultivation systems, announced today that it has acquired the GGS Group of Companies (“GGS”). Based in Vineland, Ontario, GGS is one of the most recognized names in the Horticulture industry. They have been the leading manufacturer of top quality greenhouses and turnkey greenhouse growing solutions including traditional rolling benches, heating and ventilation systems, and curtain systems.
 
Mon
18
Oct

Wisconsin’s Hemp Program Will Be Handed Over to Federal Authorities

hemp growing

Wisconsin is set to become the first state to relinquish authority over its state hemp program to the federal U.S. Department of Agriculture (USDA). The announced transition will occur on January 1st, 2022. Starting on that date, Wisconsin farmers and hemp processors will have to comply with the final rule on hemp released by USDA earlier this year.

Mon
18
Oct

After nearly three years, dissatisfaction over Ohio's medical marijuana prices is widespread

cannabis growing indoors

Nearly three years after the first medical marijuana dispensary opened in Ohio, slightly over half of the state’s marijuana card holders say they are dissatisfied with the program.

Those are the results of a late September report prepared by the Drug Enforcement and Policy Center at Ohio State University's Moritz College of Law, which tracks the state’s medicinal cannabis program.

The group sent survey questions to 1,402 patients and prospective patients — 1,326 responded — who reported a common complaint: Medical pot is too expensive.

“This program still needs a lot of work,” said Angelica Warren, a patient and activist who lives in Westerville.

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