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Industry

‘I don’t think I look like a stoner’: the women changing the face of the cannabis industry

8/12/18--As weed’s legal status loosens across the US, the way cannabis is being marketed, sold, and celebrated is evolving. An industry that has been dominated by men is finding a female voice in consumers and new business owners. There are now yoga retreats, workouts, day spas, parties, conferences – all for women who like weed. As the weed market continues to grow, women are shifting perceptions of the drug and its users. Stoner stereotypes are being knocked back and women are talking openly about the place weed has in their lives. Read

Journal Times editorial: Pot referendums could sway election

8/12/18--This coming November, City of Racine residents will have the chance to vote in an advisory referendum on the question of whether marijuana should be legal for medicinal and/or recreational use, as well as what the potential revenue should be used for. Keeping in mind the fact that the marijuana referendums could sway the election, the poses the question: Is this the right time? Would April be a better time? Read

Colorado company changing name to add ‘hemp,’ remove ‘pot’

7/3/18--PotNetwork Holdings, a Colorado CBD maker, is changing its name to to BioTech Hemp to take the word “pot” out of its title and add “hemp.” The company, which owns the brand Diamond CBD, said the change “underscores the company’s strengthening identity as a dominant player in the CBD industry.” Read

Pot peddlers are declaring war on booze

1/15/18--Marijuana boosters have declared war on booze. The number of billboards and other advertisements aimed at converting drinkers into tokers or nibblers of edible marijuana has exploded over the past several years. Read

Wholesale pot prices plummet

12/27/17--As California counts down to the commencement of a new recreational cannabis industry, the wholesale price of pot has been crashing. Wholesale prices have been dropping for a decade, and the decline has accelerated in the past year due to an overabundance of unregulated weed. Read

Tripp Keber resigns as CEO of marijuana edibles powerhouse Dixie Brands for new role

12/15/17--Tripp Keber, the co-founder and CEO of Dixie Brands, resigned from the company Friday afternoon, effective immediately, to assume a new role in the marijuana industry. He will be taking on a “leadership role” with Rose Capital. Rose is one of Dixie’s largest funding partners and is taking the lead on new investment to help Dixie expand nationally and overseas. The resignation is part of a move that will partner Dixie with an upstart private equity company that is assembling a portfolio of infused products companies. Read

Medical Marijuana, Inc. announces prominent coverage on Mexican news station about benefits of CBD and Global CBD Policy

11/2/17--During a recent interview on Azteca TV Mexico, Raúl Elizalde, General Manager of subsidiary HempMeds® Mexico, explained that the World Health Organization will address cannabidiol along with a list of other substances that they are analyzing to know if they need to be updated and scheduled as psychoactive substances. Read

California congressman calls for action from cannabis industry

9/22/17--Freshman Congressman Lou Correa, a Democrat from Southern California, urged the business community to contact their members of Congress about the renewal of the Rohrabacher-Blumenauer Amendment, which he said could be in danger of expiring in December. “I’ll tell you, there are a lot of folks up there that are ready to support you,” Correa said of Congress. But, he added, more outreach and education is sorely needed from the marijuana industry. Read

Law school podcast: Cannabis and the law

9/21/17--In the 14th episode of Northwestern Pritzker School of Law’s Planet Lex podcast series, host Dean Daniel Rodriguez talks to Charlie Bachtell, CEO of Cresco Labs, and Northwestern Law alumna Dina Rollman, chief counsel at Green Thumb Industries (GTI), about the complexities of the marijuana industry, including how Illinois has set a precedent for regulatory programs, the banking challenges facing cultivators, and the battle for more research within the United States. They also discuss the role of lawyers within the cannabis business, and how they each got involved in this new and evolving industry. Read

California marijuana services firm sets up shop in Boston, joins Chamber of Commerce

9/17/17--Weedmaps, one of the country’s larger and more established marijuana firms selling software to licensed cannabis operators, is finalizing a lease for a downtown Boston office to accommodate its sales and lobbying team. Its executives want to be in close to the rollout of new rules for the nascent industry in Massachusetts and have the firm well-established locally by the time dispensaries open up next summer. Weedmaps also just became the first marijuana-related company to join the Boston Chamber of Commerce. Read

Marijuana producers announce multimillion-dollar pot deals with New Brunswick

9/15/17--Provincial Finance Minister Cathy Rogers and Health Minister Benoît Bourque announced that New Brunswick has struck deals with two licensed medical marijuana companies -- Moncton, N.B.-based Organigram Holdings Inc. and Smith Falls, Ont.-based Canopy Growth Corp -- to help supply its recreational market when the federal government’s planned legalization of recreational cannabis goes into effect next July. The company claimed the arrangement has an estimated annual retail value of $40 million to $60 million. Read

Eaze is moving into recreational marijuana delivery with $27 million in new funding

9/14/17--As California is set to begin issuing licenses for the cultivation and selling of the plant for recreational use at the beginning of 2018, a whole new revenue stream is opening up for the weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales. Read

Meet the 24-Year-Old entrepreneur who just launched a careers site for pot jobs

8/31/17--Karson Humiston, a Denver-based 24-year-old entrepreneur who founded Vangst Talent Network as a college student, has helped cannabis companies fill job openings for the last two years. Since then, her 20-person recruiting team has paired 3,000 people with pot jobs — and aims to fill another 10,000 by 2020. The job board, which is free for users who fill out profiles and $70 a month for companies, caters to a broader array of positions. Read

How to get a job in the marijuana industry

8/30/17--A recruiting agency for legal cannabis firms has launched a website that aims to serve as a one-stop shop for employers and job seekers. The site, Vangsters.com, allows hopefuls to apply to jobs and crate employee profiles, with a focus on marijuana-specific skills and software. Read

Local owners open RIPE upscale marijuana store

9/1/17--The city of Pueblo's newest retail marijuana store, RIPE, short for Rooted in Pueblo Excellence, features a sleek "industrial chic" open-floor approach designed to appeal to novices and experts alike. Owners Susan Singleton and Nick Christensen wanted a showcase store for Pueblo. "We kind of designed our's like an Apple store," Singleton said of the store. Read

“Made in Alaska” program welcomes marijuana businesses

9/2/17--The state-sponsored “Made in Alaska” program that allows a business to use a featured logo if its products are made in the state is accepting applications from marijuana businesses. Marijuana businesses are still barred from using the official “Alaska Grown” label put on state agricultural products because that program receives federal funding, but the “Made in Alaska” program, whose label features a polar bear and a black bear, does not receive federal funding, which is why it can be opened to marijuana businesses. Read

Tiny Colorado town has a weed store for every 170 people

8/31/17--Parachute, a community of only about 1,200 people just off Interstate 70, has approved its seventh recreational marijuana store. This Colorado town, which turned to pot when its natural gas tax revenue took a hit, continues to establish itself as a destination for drivers for that stretch of the I-70 corridor. Read

Scotts Miracle-Gro sells off international operations to focus on core business and hydroponics

8/31/17--Scotts Miracle-Gro has shed its Australia and European businesses in a deal that frees up the company to direct its attention on lawn-and-garden products and an ambition to become “the world’s most successful hydroponic gardening business.” The international deal comes a year after Scotts shuttled its LawnService business into a joint venture with TruGreen. Read

How 3 black visionaries are bringing the hood into the marijuana industry

8/30/17--The Hood Incubator, a collective founded by electoral organizer Lanese Martin, community organizer Biseat Horning, and Yale MBA Ebele Ifedigbo, is an organization aimed at helping blacks become entrepreneurs, investors, and employees in California’s cannabis industry. Their plan was to organize people in the San Francisco Bay Area’s underground marijuana trade, educate them, teach them how to get access to funding or invest their own, and create pathways to ownership legally. Read

Women in the marijuana business face a ‘grass ceiling’

8/31/17--Not long ago the marijuana business was way ahead of U.S. business overall in the leadership positions held by women. Yet, as the industry has become more mature and more mainstream, instead of building on that leadership, it’s going in reverse. Men are now edging out the women. The percentage of executives in U.S. marijuana-related companies who are women has collapsed to 27% from 36% in just one year, according to the latest anonymous survey by Marijuana Business Daily. Read

Legal marijuana bringing sweet smell of success for producers, city

8/26/17--With local voters favoring legalization, the city of Arlington is poised for economic development. The mainstreaming of marijuana is big business in Arlington, creating jobs and revenue while becoming good corporate partners with the community to address pressing social issues and lending a hand through volunteer projects. The city counts 14 producers inside the city limits, and 30 overall with an Arlington address, ranging from intimate mom and pop farm growers to industry leaders. Read

Medical marijuana gets the green light in Tampa

8/24/17--City council members gave medical marijuana the green light in Tampa. In a 6-1 vote, council members approved an ordinance regulating dispensaries and processing facilities within city limits. The ordinance bans dispensaries and grow facilities 500 feet from a school, but it also lets owners request an exemption to open up shop inside that restricted area. Locations are limited to commercial, retail, and industrial districts, and are not allowed in residential areas. Read

Santa Ana marijuana dispensary modernizes the way to purchase pot

8/24/17--MedMen, one of the largest marijuana retailers in the country, opened its newest medical marijuana dispensary in Santa Ana, offering around 1,000 products, including concentrates, flour, edibles, canine/feline products, and topicals. The store aims to make this a true retail experience by being innovative and bringing in new products as well as placing iPads on tables so a customer can interact and learn about a product. MedMen plans to sell recreational marijuana in January — if the city allows it. Read

Marijuana tech company Massroots is acquiring CannaRegs for $12 million

8/23/17--Massroots, a technology platform for cannabis consumers, is acquiring CannaRegs in a stock deal for $12 million. The acquisition allows MassRoots to become a one-stop shop for cannabis businesses, to connect with customers and ensure they're in compliance with all state and federal regulations, Massroots CEO Isaac Dietrich told Business Insider. The acquisition is part of a larger push to consolidate Massroots' business-to-business offerings. Read

State of Mexico begins purchasing Medical Marijuana Inc.’s products for its citizens

8/22/17--The State of Mexico is buying Medical Marijuana Inc.'s HempMeds® RSHO-X cannabidiol (CBD) oil for its citizens. With several U.S. states legalizing marijuana, Mexico has started to take a different approach under President Enrique Pena Nieto. The country has even become a pioneer of medical cannabis by first permitting the importation of cannabidiol ("CBD") oils and later legalizing medical cannabis on a broader level. Newly proposed measures would enable citizens to possess up to an ounce of cannabis without any repercussions. Read

Industry pros will dispel marijuana myths at the Cannabis Life Conference

7/5/17--During the Cannabis Life Conference, renowned industry professionals including doctors, lawyers, growers, activists, and more plan to enlighten attendees about the benefits of cannabis, including the possibilities of using cannabis for cancer. Read

International standards organization to tackle cannabis

6/13/17--Pennsylvania-based ASTM International, a not-for-profit that has developed professional standards for a host of industries, is now going to tackle marijuana in a newly announced partnership with the American Herbal Products Association. The groups have signed a memo of understanding to cooperate on a set of professional standards for the cannabis industry. Read

Cannabis organizations merge to create certification group

6/7/17--The Organic Cannabis Association and the Ethical Cannabis Alliance have merged into a new organization: the Cannabis Certification Council. The council’s mission will be to independently certify cannabis products as organic and “fairly produced.” The new organization will issue seals that businesses can use to market products. Read

Some cities, states help minorities enter marijuana industry

6/1/17--Oakland as well as other cities and states with legal marijuana are trying to make up for the toll marijuana enforcement has taken on minorities by presenting an opportunity for them to join the growing marijuana industry. Seemingly, there is no solid data on how many minorities own U.S. cannabis businesses or seek a foothold in the industry. Yet, diversity advocates say the industry is overwhelmingly white. Read

Wine and cannabis? Oregon vineyards give marijuana farming a try

5/25/17--In Oregon, a handful of winemakers are experimenting with cannabis in hopes of increasing their appeal among young consumers and in niche markets. Some vineyards are trading in grapes for marijuana plants or leasing land to private growers. Others are talking about wine-and-weed tourism. Yet, marijuana is still federally illegal, and wineries must keep their wine and weed businesses separate or risk losing a federal permit that allows them to bottle and sell wine. Read

Management of marijuana operation changes hands

5/25/17--Aphria Inc., a marijuana grower and processor based in Ontario, will take over management of Chestnut Hill Tree Farm, one of Florida's seven medical marijuana operators. This deal comes on the verge of a massive expansion of Florida's medical-marijuana market, sparked by a November constitutional amendment that broadly legalized medical pot. Read

John Morgan ‘prepared to invest $100M’ in medical marijuana

5/23/17--John Morgan, who has been among the loudest voices advocating for medical marijuana in Florida, has spent nearly $7 million pushing two statewide ballot initiatives to expand medical marijuana throughout the state of Florida. Morgan says he's now prepared to invest $100M in medical marijuana since the the industry is about to explode. He's also interested in owning a stake in a state-licensed dispensing organization. Read

Adelanto wants to be the ‘Silicon Valley of medical marijuana’

5/20/17--As California moves toward issuing permits for large-scale medical marijuana cultivation next year, a number of struggling desert cities have sought to establish themselves as destinations for growers. In Adelanto, investors with backgrounds in real estate development, law, and the NBA, but little experience growing marijuana, envision a town bustling with marijuana-related businesses — cultivation warehouses, cannabis-oil extraction facilities, and a host of associated projects to supply California’s massive market. Read

Here’s how US marijuana sales could hit $6 billion this year, if Trump doesn’t get in the way

5/22/17--The retail sales for both medical and recreational marijuana are expected to reach a record high in 2017, provided there isn’t a significant crackdown at the federal level. Cannabis sales are projected to hit $5 billion-$6 billion and could reach $17 billion by 2021, reported Marijuana Business Daily. Based on the 2017 projected sales, many are expecting the industry growth to create more jobs in the U.S. than several other industries. Read

Cannabis firms in Colorado, Florida partner to provide pharma-quality MMJ products

5/18/17--Cannabis products firms Wana Brands and Alternative Medical Enterprises LLC have inked a deal that’s one part national expansion play and another part investment in a growing trend: pharmaceutical-quality medical marijuana. The agreement allows for AltMed to manufacture and sell Wana’s product portfolio in Arizona, and Wana can manufacture and sell AltMed’s line of Müv medicinals — including metered dose inhalers, transdermal patches, and topical products — in Colorado. Read

5th annual Mother’s High Tea celebrates cannabis industry’s influential women

5/17/17--The fifth annual Mother’s High Tea brought some of the most influential women in cannabis together to remember their struggles, honor their successes, and uphold a new generation of leaders. The non-consumption event also marked a milestone for event founder and Cannabist contributor Susan Squibb, who is celebrating 20 years of advocacy for marijuana and hemp law reforms. Read

Why a Clarence company is taking the high out of marijuana

4/6/17--A fledgling Clarence company, 22nd Century Group, thinks it has discovered a way to turn industrial hemp into the next big agricultural crop. The variability of the plant is what excites Paul Rushton, 22nd Century's vice president for plant biotechnology. If 22nd Century can get rid of the THC in industrial hemp, Rushton believes its technology can do the same with marijuana. Read

A real estate boom, powered by pot

4/1/17--Legalized marijuana is having an effect on the real estate market. From Monterey, Calif., to Portland, Me., the new industry is sending property values soaring. Landlords and property owners are charging a premium for new tenants working in the cannabis business. So far, the uptick in property prices from the marijuana business is concentrated in some of the states that have legalized medical and recreational use. Read

Marijuana producers lobby government ahead of legalization

3/30/17--Several licensed marijuana producers in Ottawa are urging the federal government to allow them to brand their products and provide medical cannabis on a tax-free basis. The seven producers - Tilray, Tweed, Mettrum, CannTrust, Green Organic Dutchman Holdings, RedeCan Pharm, and Delta 9 Bio-Tech - are lobbying the government prior to the day when legislation legalizing recreational use of the drug is expected to be introduced. Read

Weed on wheels: Brockton business will deliver marijuana

3/29/17--In Good Health, a state-licensed nonprofit medical marijuana dispensary in Brockton, will launch a statewide delivery service to bring medical marijuana orders directly to patients’ doors. David Noble, the company’s president and CEO, said the service will be the first of its kind to be offered by a dispensary. Read

Las Vegas cannabis lounge options are taking shape

3/28/17--Marijuana consumption lounges in Las Vegas are looking more and more as if they’ll become a reality for cannabis entrepreneurs. During a Clark County marijuana advisory panel meeting, the board discussed proposals for such a concept and how cannabis clubs would be regulated. Nevada is one of a number of states considering laws to allow consumption of marijuana in public places. Read

Canadian medical marijuana producer to open online store

3/29/17--Canopy Growth Corp., Canada’s biggest publicly traded medical marijuana producer, plans to launch an online store that will offer patients one-stop shopping for the company’s various brands. The move sheds light on how Canadian cannabis companies could increasingly turn to the internet as a new approach to peddling their products, particularly as the country rolls out its new recreational market. Read

Canadian producer invests $3M in Arizona medical marijuana grower

3/28/17--Aphria, a federally licensed Canadian medical marijuana producer, increased its investment in an Arizona medical marijuana grower by $3 million. Aphria now owns 5% of Copperstate Farms LLC through its subsidiary, Aphria (Arizona), and Copperstate Farms Investors controls the remaining 95%. Copperstate owns about 1.7 million square feet of greenhouses in Snowflake, Arizona, and plans to have approximately 348,000 square feet of that space in operation for medical cannabis production by the fall. Read

More marijuana sales taxes are coming

3/26/17--Marijuana advisory firm GreenWave Advisors estimates marijuana sales taxes added $1.6 billion to state tax receipts last year, and further estimates indicate that by 2021, marijuana sales taxes could total more than $4 billion. Pro-pot advocates have used state tax revenue from marijuana sales as a major selling point to win support, and so far, their claims of billions of additional dollars in tax revenue appear to be spot on. Read

Pacific Northwest marijuana investment network set to launch

3/21/17--The newly launching Cannabis Investment Network (CIN) aims to connect marijuana firms with financial backers. The organization is hoping to serve smaller-scale firms that are looking to raise from $500,000 to $3 million. The self-described “angel group” will function more as a conduit to connect investors with potential investments, instead of raising and deploying capital itself. Read

New cannabis advocacy group aims to sway federal government

3/21/17--A group of cannabis companies has banded together under the name of New Federalism Fund (NFF) to form a nonprofit political advocacy group designed to protect the legal marijuana trade. The NFF plans to work with Congress and the Trump administration to achieve its goals. Read 

Hanford leaders moving forward after Bay Area company drops plans for medical marijuana facility

3/13/17--Oakland's Purple Heart Patient Center recently decided to back out of its plan to start a massive cultivation facility in Hanford, but the city says it's still moving forward with changing their rules to accommodate those types of businesses. Hanford's city manager says, as soon as next week, they could have a proposal that amends the city's ordinance, drafts a tax ballot measure, and details the permitting process. Read

Inside the $1 billion marijuana ‘unicorn’ startup

3/14/17--Canopy Growth, the marijuana industry's first $1 billion "unicorn" startup, is being added to the S&P/TSX composite index and will start trading later this month. Canopy Growth is the largest legal marijuana producer in the world. It grows, trims, processes, packages, and ships weed across Canada. Business Insider takes a look insider the company's massive grow-op. Read

Wilmington marijuana facility would be job driver, investor says

3/15/17--Ohio financier Jimmy Gould and his financier partner Ian James are the investors behind a plan to build a marijuana cultivation facility in Wilmington. They envision five harvests of medical cannabis each year, employing an initial 50 to 60 people and driven by what in time will be a $40 million investment. Gould and James believe the “campus”-type facility can employ more than 220 workers when fully operational. Read

New marijuana industry jobs to eclipse new manufacturing jobs by 2020

3/3/17--A new report from New Frontier Data suggests some big changes are in store when it comes to job growth in the legal marijuana industry. Projections indicate that the legal marijuana market will create more than 250,000 jobs by 2020. Researchers didn’t assume any changes to marijuana laws when calculating these projections — or changes to enforcement of existing federal law. They’re based on estimates for growth in states that have already passed some form of legalized marijuana. Read

Companies team up as marijuana market grows

1/26/17--Modern Health Concepts — one of seven licensed marijuana operations in Florida — has joined forces with Massachusetts-based investor PalliaTech Inc. to help the South Florida organization expand in the wake of a voter-approved constitutional amendment legalizing medical marijuana for a broad swath of patients. Read

Eagle Point company plans marijuana-friendly RV park

1/22/17--Grow Condos, an Eagle Point company that provides warehouse space for marijuana growers, is planning a marijuana-friendly camping and RV park near Lake Selmac in Josephine County. If approved, it could be the third project for the company. Read

Marijuana brands can trademark almost anything, except marijuana

1/7/17--Though cannabis is legal for recreational or medicinal use in 28 states, it remains illegal under federal law. As a result, the U.S. Patent and Trademark Office will not register trademarks for marijuana retailers or for products that contain cannabis. One popular strategy for cannabis companies that can’t trademark their core products is to seek protection for a host of ancillary products and services. Read

MJ companies under fire for meat-covered model at party

tmr_image-block11/21/16--A pair of edibles companies that do business together are facing a public relations backlash after a photo from a Las Vegas party surfaced showing a nearly naked model who was lying on her back and adorned with slices of cold cuts for guests to snack on. Some cannabis professionals are now calling for a boycott of both California-based Altai Brands, which hosted the party, and Colorado-based Dixie Brands, which has a professional affiliation with Altai and was a sponsor of the event. Read

Sales projections for states that legalized cannabis

screen-shot-2016-12-12-at-9-32-39-am11/21/16--States that passed marijuana measures earlier this month eventually could generate more in annual retail MJ sales than the entire U.S. cannabis industry is expected to this year. The current recreational cannabis market will bring in an estimated $1.4-$1.7 billion dollars in retail sales by the end of 2016, and the addition of four new adult-use states will expand the size of this market by another $5.9 billion-$6.7 billion annually three to five years after rec shops open in each market. Read

Trade groups are sprouting from cannabis industry

screen-shot-2016-12-12-at-9-30-02-am11/23/16--As the cannabis industry has spread, a variety of marijuana organizations – particularly dozens of trade groups – have cropped up. Some trade groups are more specialized, while others are statewide or national. The growth of trade groups has reached a point where even industry insiders don’t have a good idea how many there are. The emergence of more and more trade groups is a logical evolution, given the amazing growth the cannabis industry has experienced in recent years. Read

Who’s winning big in our salute to marijuana industry leaders?

screen-shot-2016-11-27-at-11-00-47-pm11/16/16--The second-annual Cannabist Awards celebrate the brightest and most progressive names in the marijuana industry. California Lt. Gov. Gavin Newsom has been named 2016 Cannabist Person of the Year. The complete list of the winners are featured in The Cannabist. Read

Still taboo? Pot industry moms form support group

screen-shot-2016-11-13-at-10-04-44-pm11/1/16--Four mothers in the marijuana business formed a support group to navigate child-rearing in the age of legalization. They meet and regularly call each other with questions ranging from how to avoid glorifying marijuana to stashing pot-related possessions during play dates. The parents say they are proud of their professions, but don’t want their children to be inundated with marijuana talk or be judged at school by adults and children who disapprove of their parents’ work. Read

Cannabis Corp.: Big pot’s e-retail empire

screen-shot-2016-11-10-at-1-17-25-pm11/4/16--Companies that cater to the cannabis industry have sprouted up across North America. Tilray is one such company producing medical marijuana and exports it to consumers around the world. “People can already grow cannabis and people are already willing to buy it, CEO of Privateer Holdings, Tilray’s parent company. “All we’re seeing is a transition from $200 billion worth of illicit purchases to $200 billion worth of fully legal purchases. And there are a number of public companies that will be created in the middle of that transition.” Read

New businesses sprout to support medical marijuana industry

screen-shot-2016-11-02-at-12-40-02-pm10/17/16--The gradual march in the U.S. toward legalization of marijuana represents a new opportunity for entrepreneurs looking to start companies in a market that could top an estimated $7 billion this year. Tech firms, science labs, business consultants, and attorneys are opening their doors to the industry — medicinal or recreational, depending on the state — without, in some cases, ever handling the drug. Read