Marijuana Business News

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Fri
09
Nov

Medicine Man Technologies reports record quarterly operating revenue of $4.6M

Medicine Man Technologies Inc. (OTCQB: MDCL), one of the United States' leading cannabis branding and consulting companies today provided financial results for the quarter ended September 30, 2018.

Fri
09
Nov

Off to MjBizCon next week? Rethink your out of office auto-reply

There are so many new cannabis tradeshows around the world and meetings with investors to be had that travelling in the cannabis industry is no surprise.

You have your plane ticket and you’re ready to go. The only thing left to do is set your out-of-office auto-reply so clients know you’re away.

Fri
09
Nov

4 key differences between a commercial cannabis greenhouse and an ornamental greenhouse

When the legal industry began to emerge, indoor cannabis grow facilities were considered ideal for optimal growing because of the ability to control the environment entirely.

However, the industry is seeing a steady decline in cannabis prices so it’s becoming increasingly expensive to operate an indoor grow facility. As such, more and more growers are turning to greenhouse structures for their cannabis grow operation. Greenhouses were initially seen to pose a number of challenges for cannabis growers, but as marijuana greenhouse design and technology has advanced, growers are quickly learning that they can get a lot more bang for their buck by growing cannabis in a greenhouse instead of in a warehouse.

Thu
08
Nov

Massachusetts: Marijuana sales likely days away after regulators OK labs

Recreational marijuana sales in Massachusetts are likely just days away, after state regulators said they had cleared two licensed cannabis testing laboratories to officially begin operations.

Two labs — CDX Analytics in Salem and MCR Labs in Framingham — were issued “commence full operations” notices by the Cannabis Control Commission on Wednesday.

Both labs received final licenses from the agency in mid-October but had to pass a final inspection and clear other minor regulatory hurdles before getting the official go-ahead to begin testing recreational pot for purity and potency.

The move is a critical step toward the state’s first recreational sales, since retail pot shops can only sell products that have been tested by a licensed lab.

Thu
08
Nov

Canada: Second Cup is converting two of its Alberta stores to cannabis dispensaries

Canadian coffee chain Second Cup is dipping into recreational cannabis, writes Brandon Hicks. The board of the company acknowledges that while they have reported improved financial results since initially announcing its plan to sell recreational cannabis, they are still engaging in a strategic review of the chain following their latest assessment, according to 

Thu
08
Nov

Canopy Growth to spend $115 million to grow marijuana in Europe

Canopy Growth Corp., one of the world’s biggest medical cannabis companies, is planning a major investment in Europe.

Thu
08
Nov

Aphria to acquire CC Pharma, a major German pharmacy with over $200 million in annual revenue

Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NYSE: APHA) today announced its proposed acquisition of CC Pharma GmbH ("CC Pharma"), a leading distributor of pharmaceutical products to more than 13,000 pharmacies in Germany. The transaction, when closed, will strengthen the Company's end-to-end medical cannabis operations and infrastructure in Germany, a key market in Aphria's international expansion. It is anticipated that the transaction will close in January 2019.

Thu
08
Nov

Six Oregon cities vote to allow marijuana business

Voters in six Oregon cities appear to have lifted or rejected bans on recreational marijuana businesses.

Ontario, Joseph, Klamath Falls, Gates, Sumpter and Clatskanie voted to allow recreational marijuana businesses within city limits, according to unofficial election results from the state Elections Division.

Voters in Joseph, Clatskanie, Ontario and Klamath Falls were overturning existing bans on recreational marijuana in those places.

Altogether, 29 local measures related to marijuana were on the ballot, according to an Oregon Capital Bureau analysis of the unofficial results.

Some communities had multiple measures relating to marijuana on the ballot, separating the question of whether to allow retail sales and to tax such sales.

Thu
08
Nov

How the cannabis industry is redefining supply chain management

Wholesale and retail veterans know that mastering the supply chain is the key to meeting customer expectations. However, it can also be one of the biggest operational headaches. What if you could start from scratch, optimizing the supply chain with brand new technologies built for the sole purpose of efficiency? That’s exactly what’s happening in the cannabis industry today.

The explosive growth of this space in such a short time has created a need for a new era of supply chain management to help operators adapt to new regulations, distribution models and other issues related to a highly-regulated but thriving industry.

Thu
08
Nov

California: Central coast voters approve cannabis business taxes

Voters across the Central Coast resonated with the prospect of bringing cannabis businesses to the area by passing seven separate measures toward that tax.

Cities in both San Luis Obispo and Santa Barbara Counties, including Paso Robles, Atascadero, Morro Bay, San Luis Obispo, Goleta, Lompoc and Solvang, all voted yes on passing the cannabis tax measures by quite a landslide.

Goleta had a final tally of 81.9 percent voting yes and 18.1 percent voting no on the measure, similar to Solvang’s results of around 80 percent for yes votes and 20 percent for no votes. Lompoc also had a high approval percentage, with 76.7 percent voting yes and 23.3 percent turning down the tax.

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