Business News & Guides
- October 11, 2024
The cannabis market in Minnesota is thriving and flourishing, thanks to the contribution of Native American tribes who are helping bridge the supply gap. As the state gears up for the launch of its regulated marijuana market in the coming year, these tribes have stepped in to ensure Minnesota remains well-supplied and poised for sustained…
- October 10, 2024
Florida's Cannabis Sector Halts in the Face of Hurricane Milton This week as Hurricane Milton edges closer towards the Florida coast, the state’s cannabis industry has begun preemptive shutdowns and halted deliveries in anticipation of the powerful storm. Expected to make landfall late Wednesday, the impending Hurricane has created a state of heightened apprehension amongst…
- October 9, 2024
In a proactive display of product safety management and customer care, West Coast Cure, a leading player in the California cannabis industry, has issued a voluntary recall of over 20 of their products. This decision follows a month-long scandal involving pesticide contamination in their marijuana products. Prompt Response to Pesticide Concerns The brand's swift response…
- October 9, 2024
Changing Attitudes in Commercial Real Estate With the legal marijuana industry quickening its pace, a once reluctant commercial real estate sector is now finding lucrative prospects in leasing properties to cannabis businesses. Landlords, who once steered clear due to regulatory concerns, are witnessing the resilience and financial buoyancy of the cannabis industry, prompting a strategic…
- October 8, 2024
The Emergence of Adult-Use Cannabis in Delaware There's a new wave of green revolution flooding Delaware: the rapid influx of adult-use cannabis business license applications. Already, industry proponents see this as potential catalyst heralding a meteoric rise in the industry's growth factor. The 'Green Rush' The term 'green rush' is a neologism creatively coined to…
- October 7, 2024
Eaze Technologies, California's Leading Cannabis Service, to Wind Down Operations The digital road to purchasing marijuana is scheduled to hit a road bump. Eaze Technologies, previously the major player in the Californian marijuana delivery landscape, has announced that its parent company is winding down operations. The future of the service now lies in the hands…
- October 7, 2024
In an ambitious move, TerrAscend Corp., a Canadian-based multinational cannabis operator with significant U.S. holdings, has recently withdrawn $26 million from its secured $140 million loan. This intriguing decision was made to clear out other higher-interest debt associated with the company's operations in Michigan. Understanding TerrAscend's Strategy TerrAscend’s strategy here mirrors the financial maneuver of…
- October 7, 2024
Basketball phenom Carmelo Anthony, known for his 19-year career in the NBA including 10 All-Star appearances and three Olympic gold medals, is carving out a new niche for himself. Anthony is swapping out his sneakers for the emerging marijuana industry, bringing his competitive spirit and commitment to community improvement to this new endeavor. Building a…
- October 4, 2024
Ohio is witnessing a gold rush of sorts with the boom of its recreational marijuana industry. In a scant seven weeks, the industry has generated nearly $90 million in sales, a testament to the soaring acceptance and demand for the once-controversial plant. Unprecedented Growth The rapid ascendancy of Ohio's recreational marijuana market is a remarkable…
- October 4, 2024
An Overview of New York's Advancing Adult-Use Cannabis Scene Upon analyzing a comprehensive report released by New York regulators, the signs of growth within the state's booming adult-use cannabis industry are evident. Almost two years subsequent to the initiation of adult-use sales, the state is now revealing the significant benefits of this bustling market that…
- October 4, 2024
A Tale of Two Crises: Fed Rate Cuts and the Cannabis Industry Debt Dilemma The ripples of the Federal Reserve's recent interest rate cut are even reaching the shores of the cannabis industry. This comes as the industry finds itself at the crossroads of a potentially burgeoning debt crisis. Though on the surface it appears…
- October 3, 2024
Trulieve Cannabis Corp., the dominant medical marijuana retail giant in Florida, has taken legal action against the state's Republican Party and two television stations for purportedly engaging in deceptive campaigns. The controversial claim at the core of the lawsuit is that the named parties have misled voters regarding a November ballot initiative that proposes the…
- October 2, 2024
A New Chapter Begins for Silver Spike Investment Corp. The finance world has been closely watching the actions of the renowned marijuana financier, Silver Spike Investment Corp. The company has recently closed on a portfolio of loans, marking a significant milestone in its journey. The update is not merely about a closed deal, it also…
- October 2, 2024
Georgia's hemp sector recently navigated the tumultuous challenges of a hurricane and the introduction of new regulations regarding permissible hemp products. This double-bind posed a significant test to the industry's resilience. Hurricane Impact on Georgia's Hemp Industry First came the hurricane, a natural disaster that wreaked havoc on hemp plantations throughout Georgia. The state's hemp…
- October 1, 2024
Shifting Power in Marijuana Industry: Eaze Acquires New Ownership In an electrifying twist within the marijuana delivery sector, California-based firm, Eaze Technologies has seen a significant change in the structure of its ownership. This transition took place after the company's assets were publicly auctioned, marking a new era for an organization that has become a…
- September 30, 2024
Pioneering Survey Explores Diversity in Cannabis Industry Efforts are underway to delve deeper into the fascinating world of the cannabis industry, particularly focusing on the role of women and minorities. The opportunity for business innovation and uncharted industry diversity in the rapidly evolving sector prompts an intriguing question: Who are the real industry pioneers making…
- September 30, 2024
In a move that surprised many, California's chief executive vetoed a bill aimed at enabling small cannabis farmers to sell their products directly to consumers. Governor Gavin Newsom decided not to give the go-ahead to this legislation. A decision that came as an unwelcome surprise for many operators in the world's largest regulated marijuana market,…
- September 27, 2024
Financial Drama: The Receivership of StateHouse Holdings StateHouse Holdings, a vertically integrated cannabis operator, faces turbulent times as it defaults on four loans, prompting Pelorus Fund REIT, a California-based real estate investment trust (REIT), to request a local court to place the cannabis giant into receivership - an aggressive financial move that illustrates the challenges…
- September 26, 2024
Innovation, necessity - and perhaps a little green - has inspired a cutting-edge ancillary company to provide a vital solution to one of the most pressing issues plaguing the burgeoning cannabis industry: the consistent and automated payment to cannabis brands. A Revolutionary Platform LeafLink, a sophisticated software platform, is designed to unite cannabis retailers and…
- September 25, 2024
In a thrilling move, six hemp companies, along with a foremost industry lobbying group, have filed a lawsuit against California's comprehensive ban on intoxicating hemp-derived products. This marks a significant turn of events in the legal landscape surrounding hemp and cannabis products in the United States. About the Lawsuit The lawsuit argues that the ban…
- September 25, 2024
Boost for Florida's Adult-Use Marijuana Campaign The ballot to legalize adult-use marijuana in the land of oranges recently received a major financial backing. Two of the largest marijuana multi-state operators (MSOs), Trulieve Cannabis Corp. and Curaleaf Holdings, made history by contributing an additional $6 million to the campaign, making it the nation’s most heavily funded…
- September 25, 2024
In these times of economic ambiguity, the success story of an industry deserves special attention. Premium cannabis companies have not only weathered the uncertain economic climate; they have managed to thrive and report steady sales. The Appeal of Luxury Cannabis Cannabis connoisseurs, seeking unique and plush experiences, are now eyeing luxury cannabis products, boosting the…
- September 23, 2024
Significant Resignation in New York’s Cannabis Sector In a surprising turn of events, the head of New York’s social equity program in the cannabis sector has stepped down, magnifying the growing pains of this burgeoning industry in the state. Resignation Sparks Concern The sudden move from a significant leader in the marijuana regulatory agency has…
- September 23, 2024
The Squeeze on Legacy Cannabis Businesses in New Mexico In New Mexico, renowned for its vibrant history of cannabis cultivation and trade, a growing predicament waits around the corner. A wave of oversaturation of the market is causing many legacy marijuana businesses to effectively shut down or significantly downsize. The Role of Over Licensing Widely…
- September 23, 2024
An Uphill Battle for California's Cannabis Industry The road to robust regulation within the burgeoning industry of recreational and medical marijuana has been anything but smooth in California. The Golden State is once again in the spotlight as officials ratcheted up measures to ensure safety compliance, a move that led to a fourth cannabis testing…
- September 20, 2024
Black Harbor Group Set to Acquire Renowned Cannabis Venture on Martha's Vineyard Pioneering Massachusetts-based investment firm, Black Harbor Group, is aligning its resources for a groundbreaking acquisition. The organization is set to purchase Fine Fettle, a highly acclaimed cannabis cultivator and manufacturer. This operation is uniquely located in the picturesque town of West Tisbury on…
- September 20, 2024
A Turbulent Time Unprecedented turbulence has hit the cannabis cultivation sector. Bright Green Corp., which gained fame as the pioneering plant-touching marijuana business to trade on a major U.S. stock exchange, recently disclosed that its shares have been temporarily halted from trading on the Nasdaq. This development has spurred questions and sent ripples across the…
- September 20, 2024
As cannabis legalization gains ground across various U.S. states, the industry is experiencing remarkable growth. This market expansion has opened up a wealth of opportunity for entrepreneurs looking to make their mark and achieve financial success. However, with increasing competition, business leaders must be particularly adept at managing their financial resources. With this in mind,…
- September 19, 2024
Revolutionizing The Missouri Marijuana Trade In a monumental development in the cannabis industry, a select bunch of Wyoming firms have pulled off a significant achievement. Almost half of the licenses granted for adult-use marijuana social equity businesses in the Kansas City area, Missouri, have ended up with out-of-state companies. This tightly contested process saw applicants…
- September 19, 2024
David Goubert Parts Ways with Ayr Wellness Recently, the medical cannabis arena saw a significant shift. In a surprising turn of events, David Goubert, the president and CEO of Ayr Wellness, a leading cannabis operator, announced his resignation. Despite a thriving marketplace, the leadership change has left audiences and investors curious about the future course…
- September 19, 2024
As the legal cannabis industry continues to evolve and expand across the United States, companies involved in the marijuana business must understand the importance of targeted marketing strategies to boost their sales. A prominent figure leading the charge in this new and exciting domain is Angela Cheng, a renowned marijuana industry expert. In a recent…
- September 18, 2024
A partnership that’s set to revolutionize the cannabis industry has just been announced. Powerhouses MJBiz and Cultivated Media are joining forces to launch a groundbreaking podcast, focusing on the business of marijuana. MJBiz: A Trailblazer in the Cannabis Industry Known as the most trusted, unbiased source of marijuana business news since 2011, MJBiz has earned…
- September 18, 2024
The world of cannabis regulation might be on the verge of a significant transition. According to industry insiders and legal experts, the anticipated reclassification of cannabis in the federal drug scheduling system could potentially introduce a new player in the segment of tobacco products: CBD-infused offerings. The implications of this potential revolution in the tobacco…
- September 18, 2024
Flora Growth Announces Agreement with Blossom Genetics Colombia-based cannabis organization and global licensor, Flora Growth Corp., made headlines with their recent announcement of a significant partnership. The company revealed an agreement with Blossom Genetics, an international distributor of high-quality cannabis products. The purpose of the agreement is to propel the exportation of Flora Growth's premium…
- September 17, 2024
One of New York's prominent pot retailers, a subsidiary of the beleaguered MedMen Enterprises, is on the receiving end of a lawsuit over failing to pay rent. This adds yet another layer of complication to the company's growing list of legal issues. Breaking Down the Lawsuit The new lawsuit asserts that the company has not…
- September 17, 2024
New York is accelerating down the path towards becoming a significant player in the marijuana market. As the state gears up for massive growth in the sector, current projections suggest that the Big Apple could close the year 2024 with marijuana sales exceeding the $1 billion mark. Despite facing several setbacks at the onset, the…
- September 16, 2024
An NBA Star's Insight in MJBizCon The most awaited MJBizCon 2024 is set to have a standout amongst the basketball legends, none other than the industry entrepreneur, Carmelo Anthony. The esteemed event, renowned as the world's largest and most established cannabis business conference and expo, will take place from Dec. 3-6 at the Las Vegas…
- September 16, 2024
In a noteworthy move, Green Thumb Industries Inc., a leading cannabis multistate operator, made a strategic decision that has sparked significant fervor in the cannabis sector. Green Thumb's Board has sanctioned a robust $50 million share-repurchase program that is scheduled to span the next 12 months. This financial strategy both underlines the company's faith in…
- September 13, 2024
Unprecedented Dash in Marijuana Sales Boosts Michigan's Economy In an astonishing economic feat, Michigan's cannabis industry bounced to new heights with marijuana retailers reporting sales worth $295,412,252 during the month of August. This monumental figure represents both medical and recreational cannabis sales, setting a groundbreaking record for the state, overturning previous monthly sales records. Historic…
- September 12, 2024
Green Thumb Industries Leverages Credit Facility for Refinancing Green Thumb Industries, a trailblazer in the American marijuana sector, has recently made headlines with an impressive refinancing tactic. Headquartered in Chicago, this well-established Marijuana Multi-State Operator (MSO) has chosen to refinance by leveraging a $150 million credit facility. The move has raised eyebrows across the industry…
- September 12, 2024
A Milestone in the Cannabis Industry: Planet 13 Stakes its Claim It is no secret that the cannabis industry keeps setting new records, yet, what just transpired in Las Vegas, the Sin City, sets a new bar altogether. Planet 13 Holdings, a major player in the cannabis industry, has made a massive stride in its…
- September 11, 2024
The booming cannabis industry is set for an impressive record in New York, as annual cannabis sales are projected to exceed a staggering $450 million by 2024. This projection, bolstered by a stringent statewide crackdown on illicit operators, represents the burgeoning strength and acceptance of the regulated cannabis market. The Impressive Projections These projections are…
- September 11, 2024
A Major Shift in the Cannabis Landscape Mammoth Distribution, a leading juggernaut on the cannabis industry scene, has just declared the successful acquisition of Papa & Barkley, a prestigious California marijuana brand. This newly-formed alliance is set to create a significant ripple effect across the broader cannabis market. About the Acquired Brand Known for its…
- September 10, 2024
In a landmark deal set to upend the cannabis industry, Vangst, a prominent Colorado-based hiring platform, has announced its acquisition of GreenForce, a thriving temporary staffing agency with strong footholds in Arizona and Oregon's cannabis space. This critical move is poised to enhance the human capital dimension in the burgeoning cannabis sector, triggering an industry-wide…
- September 6, 2024
The Bluegrass State Sees Surge in Medical Marijuana License Applications The Bluegrass state is experiencing an unparalleled wave of interest in the medical cannabis industry. Kentucky’s Office of Medical Cannabis disclosed that it had received a remarkable 4,998 applications for medical marijuana business licenses within the months of July and August this year. The state…
- September 6, 2024
Redefining Packaging, Labelling, and Product Design Setting a new standard in the world of cannabis, Kushy Punch has employed a sophisticated approach to packaging, labelling, and product design. Their innovative approach displays professionalism, market savvy and an aesthetic that appeals across demographic lines. The colour schemes used fox Kushy Punch’s products are eye-catching, distinct, and…
- September 5, 2024
The cannabis industry in Colorado has found itself in a legal tug-of-war. Bonanza Cannabis Co., a prominent operator in the state, is now seeking reimbursement as a part of a counterclaim against an earlier lawsuit from one of Colorado's largest cannabis cultivators. The counterclaim, filed recently, comes as a rebuttal to a complaint lodged against…
- September 4, 2024
Regulatory Woes for Non-Paying Marijuana Operators in New York State The Empire State’s marijuana regulator is on high alert, closely supervising cannabis operators who find themselves 30 days overdue on bill payments. This development is indicative of increasing scrutiny and stricter control over an industry that is only setting out its groundwork. Growing Pressure on…