Marijuana Business News

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Tue
19
Mar

Wana Brands Continues Partnership with Endurance Athlete Flavie Dokken

Leading Cannabis Edibles Producer Enters Second Year with Long-Distance Runner to Raise Awareness for Cannabis’ Positive Role in Training and Recovery

Mon
18
Mar

Greenline POS services The Niagara Herbalist, first licenced Ontario cannabis retailer

The Niagara Herbalist is the first licenced cannabis retailer in Ontario, and after careful consideration they have chosen Greenline POS as their compliant inventory management solution.

“We chose Greenline POS because their team had the most working knowledge about real life cannabis retail operations out of all the POS systems we looked at.”

– Kevin (co-owner of The Niagara Herbalist)

For new cannabis retailers, opening up shop can be an exciting but stressful time. Greenline POS is dedicated to helping stores every step along the way, from initial inspections all the way to the grand opening and beyond.

Mon
18
Mar

'They think we are gouging them': Early lessons from the front lines of cannabis retail

It’s been a bumpy first few months for cannabis retailers in Canada, with product shortages and regulatory uncertainty dominating public discussion. As Ontario’s first wave of bricks-and-mortar stores get ready to open on April 1, the Financial Post’s Vanmala Subramaniam spoke to four people on the front lines about what’s working, what isn’t and the biggest lessons they’ve learned so far. The following interviews have been edited and condensed.

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Krystian Wetulani, a former grey market operator, is the owner of City Cannabis Co. and runs two licensed cannabis stores in Vancouver.

Mon
18
Mar

Zimbabwe authorizes license for first medical marijuana company

The African nation of Zimbabwe issued the country’s first license to a medical marijuana company earlier this month, according to a report from Marijuana Business Daily. In a letter obtained by the publication that is dated March 7,  Zimbabwe’s Ministry of Health and Child Care informed Precision Cannabis Therapeutics Zimbabwe that the company’s application to produce medical cannabis had been approved. The letter notes that the authorization was being issued pending payment of a license fee of US$46,000.

Mon
18
Mar

Can legal weed ever beat the black market?

One big reason to legalize cannabis is to wrest the market away from criminal enterprises and tax the proceeds. But in Canada and the US states where weed is legal, the illegal market has proven to be a tenacious competitor – and it’s likely to remain so for years.

Mon
18
Mar

Curaleaf acquires Acres Cannabis In $70 million deal

Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) is

Mon
18
Mar

3 things to watch in the stock market this week

Stocks posted significant gains last week, with both the Dow Jones Industrial Average and the S&P 500 rising by about 2%. The increase pushed the S&P 500 to a new 2019 high, with the Dow trailing slightly.

A few of the most anticipated quarterly reports over the coming days will be announced by Tilray (NASDAQ:TLRY), FedEx (NYSE:FDX), and Guess? (NYSE:GES). Below, we'll look at what investors can expect to see from these companies.

Mon
18
Mar

What you need to know to start a legal Canadian cannabis grow-op

If Yellowknife's Jason Harker is successful in his quest to get a licence to produce cannabis, he'll become one of the first people to enter the industry in the Northwest Territories, if not the entire North.

CBC News looked into what exactly a person needs to do in order to receive approval to run a grow-op in Canada.

What do I need to do to get licensed?

Shirley Toms, a regulatory consultant who works for Cannabis Compliance Inc., compares the process to a "4D matrix." Here's what's in that matrix:

Mon
18
Mar

If recreational cannabis becomes legal in Illinois, how the industry could grow

No one predicts pot brownies for sale in every grocery store if recreational adult use of cannabis is approved by the Illinois legislature.

But experts and industry insiders anticipate plenty of opportunities for businesses to get involved in what could be a new legal market for an already popular product.

Mon
18
Mar

California is awash in cannabis cash. Some is being used to bribe public officials

Sheriff Jon Lopey was startled when the mysterious stranger offered him $1 million if he would keep deputies away from certain illegal cannabis farms in Siskiyou County.

Lopey called in the FBI, and, later, deliveries of envelopes stuffed with thousands of dollars in cash were recorded by cameras and microphones hidden on the sheriff's cluttered, wooden desk. Two people were later indicted by a federal grand jury for attempting to bribe the elected sheriff.

"I was surprised and offended that a citizen would believe a law enforcement administrator would compromise his ethics and morals by accepting money,” said Lopey, whose rural county abuts the Oregon border and strictly outlaws outdoor pot farms.

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