Marijuana Business News

Synonyms: 
stocks
business
Fri
06
Jul

Massachusetts finally has a recreational dispensary, but it can’t sell weed yet

Massachusetts’ recreational market was supposed to open on July 1. The latest holdup is a lack of licensed labs for testing cannabis.

Massachusetts’ recreational market was slated to open on July 1st, but it only just licensed its first recreational dispensary and it likely won’t be open for weeks.

The state’s Cannabis Control Commission granted Cultivate Holdings of Leicester in central Massachusetts a license to sell recreational marijuana at its current medical dispensary. Customers won’t be able to purchase any recreational cannabis there—or anywhere else—until the CCC approves its first license for a testing lab.

Fri
06
Jul

Big tobacco company Imperial Brands gets into cannabis

Imperial Brands—which markets cigarettes like Kool and Winston—invested in a UK cannabis startup.

One of the world’s largest tobacco companies, Imperial Brands, has invested in UK cannabis research start-up, Oxford Cannabinoid Technologies (OCT), marking one of the first official moves of a tobacco company into the cannabis space. Details of the tobacco giant’s deal were not released to the public, but Business Insider reports that OCT raised nearly $10 million from Imperial Brands and other investors. Another major buyer into OCT was Snoop Dogg’s investment firm Casa Verde Capital.

Fri
06
Jul

Robotic cranes, genetic libraries and activated oil: How the cannabis industry is redefining hi-tech

Canada’s marijuana companies are becoming known for developing best practices for a nascent industry that, if they do it right, could leave them well-positioned to dominate around the globe.

At first blush, the Canopy Growth Corp. operation in Smiths Falls, Ont., doesn’t look especially high tech. The building is an old industrial pile that used to be a Hershey chocolate factory and it was until recently at risk of being demolished.

But today, past the tastefully decorated lobby and the biosecurity barriers, the factory’s rooms are full of bright green marijuana plants under even brighter white lights, with little irrigation hoses snaking in between the pots.

Fri
06
Jul

Who sets the high standards for medical marijuana?

Medical marijuana sits in limbo while politicians in the U.S continue to debate its value.

In the meantime, patients use medical marijuana to treat a wide array of symptoms in the thirty states (and Canada) where it is legal.

Fri
06
Jul

Canada: Food companies look to cash in on marijuana market with weed-free munchies for post-pot cravings

Undeterred by a ban on edibles in Canada’s initial rollout of legal recreational marijuana, food companies have found a way to cash in on the buzz by catering to post-consumption cravings with marijuana-free munchies.

The country is gearing up for cannabis legalization for recreational use on Oct. 17, but edible products infused with pot will remain illegal until specific government regulations are rolled out in 2019 at the earliest.

But some food firms have found an easier way to capitalize on cannabis by avoiding the plant altogether and focusing on the “munchies,” the side effect of increased hunger that marijuana can induce.

Fri
06
Jul

A survey suggesting homeless people have come to Colorado for the legal cannabis is attracting some heat

Over one-third of incarcerated homeless people in Colorado who have migrated to the state since 2012 have signalled legal cannabis as one of the reasons for their move, according to a new study. But there seems to be little consensus over the significance of this report, writes Calvin Hughes.

The study was commissioned by the Colorado Division of Criminal Justice and surveyed 507 mostly homeless inmates across seven cities and county jails in Colorado. The results seem to bolster local law enforcement's claim that legal cannabis has been attracting homeless people to Colorado. Of course, this is not the whole story.

Fri
06
Jul

Canopy Growth unveils new Latin America plan, buys Colombian medical marijuana company

Leading Canadian pot producer Canopy Growth Corp. made several splashy announcements about its operations at home and abroad on Thursday, including a potentially US$150-million-plus plan to target Latin America’s emerging medical marijuana market.

“This isn’t a strategy about more growing that we’ll try to send back to Canada or something like that,” said Mark Zekulin, president and co-CEO of Canopy, during a conference call. “This is about building a Latin American market.”

As part of that plan, Smiths Falls, Ont.-based Canopy unveiled a new subsidiary, Canopy LATAM Corp., that “will advance medical cannabis throughout Latin America,” according to a release.

Fri
06
Jul

3 Canadian licensed producers making headlines

Canadian cannabis producers recorded mixed movements after 11 of them signed supply agreements with the province of Alberta and we expect to see more deals like this materialize in the near future.

With Canada’s recreational cannabis market set to open on October 17th, provinces have to move quickly to be ready and we are excited by this opportunity. Today, we have highlighted three companies focused on this opportunity that investors need to be aware of.

Fri
06
Jul

How pot companies will destroy tons of weed they can't sell after marijuana fire sales

A stash of California cannabis is headed for the trash bin. 

Since new state regulations went into effect on July 1, California pot shops are prohibited from selling cannabis that doesn’t meet new testing and packaging standards or that exceeds new THC limits. Businesses hurried to sell tens of thousands of dollars worth of inventory by the end of June. But after the fire sales, many cannabis companies are facing a burning question: What to do with the leftovers?

Fri
06
Jul

Sweet Leaf officially ceases to exist in Denver

Denver wiped itself clean of Sweet Leaf marijuana stores today, July 5, after Denver's Department of Excise and Licenses executive director Ashley Kilroy revoked all of the dispensary chain's business licenses within city limits. The decision was somewhat expected, as city hearing officer Suzanne Fasing recommended the same move in April after a five-day hearing over the fate of the company's licenses.

Pages

Subscribe to RSS - Marijuana Business News