Marijuana Business News


Leviathan acquires marijuana technology company One Cannabis Market


Leviathan Natural Products Inc. has completed the acquisition of One Cannabis Market Inc. ("OCM"). OCM is a privately-held technology company that provides solutions to consumers and businesses in dynamic markets. The company's mission is to be the industry leader in cannabis technology by innovation and value creation. (Benzinga)


MedPharm, Iowa’s first medical marijuana company, changes name to Bud & Mary’s, expands in Iowa and other states

cannabis plants

The new name, now seen on dispensaries in Sioux City and Windsor Heights, reflects shift to recreational pot allowed in other states

Iowa’s first medical marijuana manufacturer and distributor is changing its name, planning a $10 million expansion in Iowa and moving into other states.

MedPharm Iowa will become Bud & Mary’s Cannabis Co., reflecting a shift in the company’s focus from just medical marijuana allowed in Iowa to recreational pot products legal in other states.

“Bud & Mary's deep roots in plant science guides their pharmaceutical approach to producing cannabis products that medical patients can rely on and lifestyle customer can enjoy,” according to a news release late Wednesday.


Indian cafe in Pune serves hemp-infused food

Taj Mahal

The Indian cannabis wave is coming, one hemp entrepreneur at a time

India is moving into the hemp space—as a new eatery serving infused food in Pune demonstrates. The establishment serves sandwiches, coffee, and other foods infused with hemp. The 30 year owner of the Hemp Cafe, Amruta Shitole, is actually a serial cannabis entrepreneur, having opened the Ganja Cafe previous to this, and has been successfully selling cannabis infused food products for the last four years.


Kanye West’s former manager is the now the CEO of a cannabis company

Kanye West's manager

John Monopoly is credited with discovering long-time client Kanye West and has also worked with Busta Rhymes and Missy Elliott.

John Monopoly, former manager of U.S. rapper, record producer and entrepreneur Kanye West, is the new CEO of cannabis platform Urban Aroma.

Monopoly is credited with discovering and managing long-time client West and has also worked with Busta Rhymes and Missy Elliott.

During the summer of 2020, The Week reported that West, at the time he was considering running for U.S. president, told attendees of a political rally in North Charleston, S.C., that he believes cannabis should be free.


High Tide President and CEO, Raj Grover, named Cannabis Person of the Year at O'Cannabiz Industry Awards Gala



Company Receives Seven Award Nominations in Total

High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is proud to announce that it's President and CEO, Raj Grover, was named Cannabis Person of the Year at the O'Cannabiz Industry Awards Gala, a national annual event that recognizes excellence and innovation in the cannabis industry, last night in Toronto.


Tyson 2.0, Mike Tyson's premium cannabis brand, launches in Washington State with exclusive concentrates and flower by Mammoth Labs



Tyson 2.0's premium product line is now available at 16 retail locations across Washington in partnership with Mammoth Labs

Tyson 2.0 ("The Company"), legendary boxer, entrepreneur and cannabis advocate Mike Tyson's cannabis brand, today announced in collaboration with its exclusive partner, Mammoth Labs that Tyson 2.0's premium suite of cannabis products are now available at sixteen dispensaries across the state of Washington.

"Tyson 2.0 x Mammoth Labs products will pack twice the punch for Washington cannabis consumers with our high THC strains and superior terpene profiles,'' said Mike Tyson, Chief Brand Officer and Co-Founder of Tyson 2.0.


This cannabis stock just made history


Is this the industry's watershed moment, or is this just a one-off exception?

The marijuana industry still isn't legal in the U.S. even though dozens of states permit marijuana for either recreational or medical use. There are even many marijuana companies that trade on the stock exchanges that you can invest in today to gain exposure to the fast-growing industry.

However, not all marijuana companies can trade on the NYSE or Nasdaq. Specifically, plant-touching marijuana companies based in the U.S. aren't able to do so because they operate in violation of federal laws. But in May, one stock became an exception to the rule and made history.


Cannabis makes crypto connection


The cannabis industry has tried valiantly to incorporate crypto into its business with little success. It was seen as a great way to work around a banking system that was hostile toward the cannabis industry. However, the uptake has been slow and uneven results have caused many to stay on the sidelines in wait and see mode. That hasn’t kept some in the industry though from jumping in with both feet.


Cannabis home delivery slated to begin in Connecticut



Home delivery to Connecticut cannabis consumers is one step closer to reality as the lottery for delivery licenses closed last week.

"Delivery service is one of the license types now available in Connecticut as part of the new adult-use program," Kaitlyn Krasselt, communications director at the Connecticut Department of Consumer Protection, told The Center Square.

"Home delivery will also be available to patients in the medical marijuana program."

Medical dispensary facilities are allowed to deliver if the entity submits an application to the department and satisfies an inspection.


Argentina enters cannabis, hemp market in hope to recover economy

Argentina flag

Argentina is opening up to the medical cannabis market and hemp industry in a move to help recover a battered economy.

On May 5, the Argentine Congress passed a bill to establish a legal framework for the sale and export of medical cannabis and industrial hemp.

The move, backed by president Alberto Fernández, aims to ensure the safety, quality, control and traceability of the production chain as well as create new jobs, increase productivity and generate new exports for the South American country that is facing a deep economic crisis.

Fernández’s government says the industry could create up to 10,000 new jobs by 2025, boost the domestic market by $500 million and increase export revenues to over $50 million.


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