Marijuana Business News

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Mon
18
Nov

How Mass. cannabis inspectors keep a watchful eye over the legal pot industry

Nearly one year since the first legal, adult-use cannabis sale was made, there are now 33 retail stores open around Massachusetts.

So far, state regulators have issued 227 provisional and final licenses to retail, cultivation, cannabis manufacturing facilities and independent testing laboratories. Before — and even after — licenses are issued, those facilities must be inspected by the state.

'Keeps Everyone On Their Toes'

On a Tuesday morning in October, two CCC inspectors pull up to the Sira Naturals Cultivation and Manufacturing facility in a pair of gray, unmarked crossover SUVs. The only giveaway? The vehicles have official state license plates.

Mon
18
Nov

Demise of Canadian cannabis website a symptom of failed dreams

Who could have imagined attracting an international audience to a cannabis website produced in the middle of Canada from Manitoba's windswept capital?

Paul Samyn is who, the editor of the venerable Winnipeg Free Press, one of Canada's last independent regional dailies, who in the early stages of the country's move to pot legalization saw an opportunity.

Samyn's idea was to create a credible specialist online news site not so much intended for the burgeoning Canadian business sector but aimed at the anticipated multitude of pot consumers anxious for information about the soon-to-be-legal drug. To cover the costs, the paper's advertising department would sell display ads to a growing corporate sector and to the retailers looking to attract new customers.

Mon
18
Nov

Brutal week for weed casts chill over prospects for Cannabis 2.0

If there’s a lesson that Canada’s pot industry can take from a devastating week that saw the country’s largest producers post massive losses amid waves of product returns and piles of excess inventory, it might be this: understand your market first, sell your product later.

And with cannabis 2.0 looming, there isn’t much time to learn it.

“Any company that’s looking to make a product for cannabis 2.0 should wait six months to see what comes out in the market,” said Narbe Alexandrian, president and CEO of Canopy Rivers, the venture capital arm of Canopy Growth Corp.

Mon
18
Nov

Illegal pot farms on California's public land are creating an environmental hazard

Two months after two men were arrested at an illicit marijuana farm on public land deep in the Northern California wilderness, authorities are assessing the environmental impact and cleanup costs at the site where trees were clear-cut, waterways were diverted, and the ground was littered with open containers of fertilizer and rodenticide.

A group including U.S. Forest Service rangers, local law enforcement, scientists and conservationists hiked into the so-called trespass grow where nearly 9,000 cannabis plants were illegally cultivated on national forest land in the region known as the Emerald Triangle, for the marijuana that has been produced there for decades.

Mon
18
Nov

10 Reasons it's way too soon to give up on Aurora Cannabis

You might be ready to abandon hope for Aurora Cannabis (NYSE:ACB). That's understandable after the company's ugly fiscal 2020 first-quarter results.

The Canadian cannabis producer's revenue is falling. Its bottom line is deteriorating. Don't let seemingly positive net income resulting from accounting for derivative liabilities fool you on that front. Aurora continues to burn through its cash.

Aurora's path to success might seem next to impossible, but it's way too soon to give up on the company. Here are 10 reasons why. 

Mon
18
Nov

Which top Canadian marijuana stock was the biggest earnings week loser?

Let me settle one thing right off the bat: There were no winners among the biggest Canadian cannabis producers during the frenzy of earnings results announced last week. Aurora Cannabis (NYSE:ACB), Canopy Growth (NYSE:CGC), Cronos Group (NASDAQ:CRON), and Tilray (NASDAQ:TLRY) each performed horribly. 

But which of these big three Canadian marijuana stocks was the biggest loser of all? It depends on how you look at their performances.

Mon
18
Nov

Apple removes and bans all vaping-related apps from iOS store

Hopefully, no one was planning on hitting up the iOS store this weekend to download an app for their vaporizer. Apple has announced that it has removed all vaping-related applications from the platform, though you’ll still be able to use yours or download it again if it’s already on your phone.

The move is in reaction to a vaping-related health crisis that has seen thousands of cases of severe lung injury that appear to be tied to vaporizers. Across the U.S. and Canada, state and local governments have taken steps to curtail access to certain kinds of vaping products, which were already under fire due to soaring rates of teen vaping.

Mon
18
Nov

New lab tests show dangers of unregulated THC vape cartridges

New data from a California laboratory show that THC vape cartridges may carry a substantial risk of exposing users to harmful chemicals. And while the test results from analytic laboratory CannaSafe show that illicit market products pose the most danger, even carts from licensed companies may be unsafe if used improperly.

Mon
18
Nov

Thailand speeds up passage of laws permitting personal cannabis cultivation

Thailand is ready to accelerate its fledgling medical marijuana program. 

Anutin Charnvirakul, the country’s health minister, said Wednesday that the government will now permit household cultivation of six cannabis plants in an effort to bolster supplies for medicinal products, and provide another potential cash crop for people there.

Sun
17
Nov

Many former elected officials and public employees have made their way to the marijuana industry

Nevada’s system of regulating marijuana was born in the halls of the Legislature. So perhaps it isn’t surprising that many who wander those halls, sit through hours of hearings to develop a regulatory structure and stay current on the latest twists and turns of cannabis law wind up involved in the industry themselves.

Records released through SB32 this spring reveal a number of former lawmakers and lobbyists on the list of owners and board members of marijuana companies. Among them are two who reached speaker, the highest post in the Assembly, but had become lobbyists by the time the Legislature authorized dispensaries.

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