Marijuana Business News

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Wed
14
Nov

Eaze expands delivery of nonpsychoactive cannabis across U.S.

Cannabis delivery service Eaze said Wednesday it will start shipping nonpsychoactive cannabinol products across the U.S., expanding deliveries of what analysts predict could be a $22 billion market. 

Wed
14
Nov

MediPharm Labs signs The Supreme Cannabis Company for Cannabis Concentrate Program

MediPharm Labs Corp. (TSXV: LABS) is pleased to announce that its wholly owned subsidiary MediPharm Labs Inc. (“MediPharm”) has entered into a Cannabis Concentrate Program Agreement (the "Agreement") with The Supreme Cannabis Company, Inc. ("Supreme Cannabis") (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1). Pursuant to the Agreement signed on November 13, 2018, the parties have entered into a commercial arrangement whereby Supreme Cannabis will provide MediPharm with dried cannabis to use for the purposes of creating cannabis oil (the "Program"). The Program will be for an initial term of three years.

Wed
14
Nov

Technology has changed the way we get high, forever

If you want to imagine the future of marijuana in the 2020s, picture a 3-D printer. 

Maybe it's in a kiosk at your local legal recreational dispensary; maybe, if you're a particular fan of greenery, it's in your home. Either way, it's pre-loaded with concentrated liquid forms of all  cannabinoids, the different kinds of molecules that make up marijuana. 

The machine has CBD for healing, CBN for sleepiness, THC for the giddy, giggly high; plus a ton of essential oils called terpenes, which generally provide every other subtle effect you've ever noticed with weed.

Wed
14
Nov

Cannabis companies generously support their communities but don't get to deduct it from their taxes

As we come into the home stretch of 2018, the cannabis industry is thinking about big important things. You know… MJBizCon in Las Vegas, the upcoming holidays, end-of-year tax planning. Rest assured, the last group is smallest by far. But not for the reason you’d think.

Non-cannabi will make end-of-year charitable contributions to reduce 2018 federal taxes. Cannabis companies cannot capture that deduction, says Jeff Garrison, CPA. “The same federal laws that prohibit interstate banking and commerce prohibit federal charitable tax deductions by cannabis businesses.”

Wed
14
Nov

Revenues at cannabis startups surge as demand begins to outstrip supply

Three of the largest cannabis companies reported earnings this week, painting a portrait of a nascent industry enjoying surging demand as recreational pot becomes legalized in more places—but they’re also encountering some growing pains.

Aurora Cannabis said Monday its revenue rose 260% to $29.7 million Canadian dollars (US$22 million). Net income came in at C$105.5 million, up from C$3.56 million a year ago, largely because of unrealized gains on securities.

Wed
14
Nov

Hemp CBD market continues to dominate cannabis news as CBD-infused products become more mainstream

CBD has long been a consistent performer of the overall cannabis market as industry leaders have enjoyed the flexibility of loopholes surrounding legalities, as well as a rising consumer sentiment toward alternative health options, writes a Benzinga reporter. CBD-infused products have allowed companies to expand into a variety of industries and continue to generate higher and higher revenues. The hemp-derived CBD market is projected to top $590 million in revenue, according to the Brightfield Group.

Wed
14
Nov

Tilray ready to move into US cannabis if farm bill passes

Tilray Inc. is prepared to quickly move into the U.S. cannabis market if a pro-hemp farm bill is passed.

Tilray’s $500 million in cash, its Nasdaq-listing and its global reach “gives us advantages to very quickly deploy capital in the U.S.” if Congress passes the farm bill, which would legalize non-intoxicating cannabidiol derived from hemp, Brendan Kennedy said Tuesday on the company’s third-quarter earnings call. He is also closely watching the STATES Act, which would give states the power to legalize marijuana without the threat of federal interference.

Wed
14
Nov

Canada: NACPT launches cannabis tech and production diploma programs

The programs are Canada’s first post-secondary diploma credentials in industrial cannabis production technology, cannabis QA and QC. These programs will prepare students for successful careers in the rapidly growing cannabis industry in Canada.

Wed
14
Nov

Green Thumb Industries acquires Nevada’s top cannabis company

On Tuesday, Green Thumb Industries Inc. (GTI) finalized a deal to acquire 100 percent of Integral Associates, Nevada’s top cannabis company. The move marks a major expansion for the Chicago and Vancouver-based GTI. Integral will bring onboard its operational capacity, distribution and, crucially, its significant retail footprint in Nevada. The total value of the transaction is approximately $290 million. $52 million will go to Integrated Associates in cash along with 20.8 million Subordinate Voting Shares of GTI.

Wed
14
Nov

10 cannabis executives predict how AG Jeff Sessions' retirement will affect the marijuana industry

When Attorney General Jeff Sessions tendered his resignation on November 7th, the cannabis industry took notice. As one of the most vocal marijuana opponents in the highest level of U.S. government, his resignation could pave the way for federal legalization.

With Matthew Whitaker set to take Sessions’ place, the industry could be poised for significant change in the near future. How do cannabis industry insiders feel about this news? Will it be as groundbreaking as many hope? Here are insights and predictions from 10 cannabis and hemp industry executives to provide some perspective.

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