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West Virginia Seeks Financial Institution to Handle Medical Marijuana Money
April 23rd, 2019West Virginia Seeks Financial Institution to Handle Medical Marijuana Money State lawmakers passed a bill earlier this year to allow financial organizations, like credit unions, to bid for the job. CHARLESTON — The state Treasurer’s Office hopes to have a request for proposal (RFP) issued within the next month with the goal of hiring a […]
Canopy Kicks Off Cross-Border Cannabis Consolidation
April 22nd, 2019By Kristine Owram |April 21, 2019, 8:00 AM EDT Cross-border cannabis consolidation has begun. Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs. The deal is “the most […]
Canada extends wage subsidy popular with cannabis producers
March 3rd, 2021Canada’s government is extending a pandemic-related wage-subsidy program that has been tapped by more than a dozen federally regulated cannabis producers. The Canada Emergency Wage Subsidy (CEWS) program, which subsidizes wages for employers that have lost revenue because of the COVID-19 crisis, was set to expire March 13. The program has been extended to June […]
Terra Tech acquires marijuana competitor Unrivaled in all-stock deal
March 3rd, 2021California-based Terra Tech Corp. said Wednesday it finalized a deal to acquire another West Coast marijuana multistate operator, Umbrla, which does business as Unrivaled and includes multiple MJ brands in its portfolio. Terms of the deal were not disclosed other than the merger was an “all-stock transaction.” But Terra Tech CEO Frank Knuettel II predicted […]
Nearly 20 Vermont towns vote to allow recreational cannabis sales
March 3rd, 2021Voters in Vermont’s biggest city, Burlington, as well as the state capital, Montpelier, and at least 16 other towns approved recreational cannabis sales in their communities. At least 27 cities and towns went to the polls Tuesday to decide whether to allow recreational cannabis businesses, the Montpelier-based VTDigger reported. The votes were conducted as part […]
Marijuana marketing tips in the age of federal prohibition and COVID-19
March 3rd, 2021Federal prohibition continues to shudder on-ramps for marijuana companies to use traditional means to reach consumers and strengthen brand identity. Marijuana marketing tips in the age of federal prohibition and COVID-19 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
MariMed secures $46 million in funding to expand marijuana footprint
March 3rd, 2021Multistate marijuana operator MariMed said it has raised $46 million to support acquisitions and repay most of its long-term debt. Hadron Healthcare Fund is providing the capital, including an initial $23 million on March 2, in exchange for MariMed stock and warrants. The fund is managed by Hadron Capital, which is incorporated in the Cayman […]
Washington state taps new chair of marijuana regulatory board
March 2nd, 2021Washington state’s cannabis regulatory agency has a new chairman of the board. Washington state taps new chair of marijuana regulatory board is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
NAACP: New Jersey cannabis panel illegal without a Black man as member
March 2nd, 2021The New Jersey chapter of the NAACP is charging that the state’s Cannabis Regulatory Commission is technically illegal since none of its five appointed members are Black men. The commission, which was completed Feb. 25, is made up of one Black woman, one white man, one white woman, one Latino man and one Latino woman, […]
Government-run cannabis stores in Quebec, New Brunswick post profits
March 2nd, 2021The government-run cannabis store operators for Quebec and New Brunswick reported quarterly profits for the periods ended Jan. 2, 2021, and Dec. 27, 2020, respectively. Quebec’s Société québécoise du cannabis (SQDC) posted net income of 23.3 million Canadian dollars ($18.1 million) in its latest quarter, according to three- and nine-month financial results released Monday. The […]
Marijuana and CBD retailer High Tide posts higher revenue of CA$24.9 million
March 2nd, 2021High Tide, a Canadian cannabis retail chain that also sells CBD and marijuana accessories in the United States, reported revenue of 24.9 million Canadian dollars ($19.7 million) for its fourth quarter ended Oct. 31. Total revenue for High Tide’s 2020 fiscal year was CA$83.3 million, an increase of 166% from 2019. High Tide’s net loss […]
Alaska’s interim cannabis chief gets permanent appointment
March 2nd, 2021Glen Klinkhart, who has served as interim director of Alaska’s Alcohol and Marijuana Control Office (AMCO) since 2019, was given the job on a permanent basis. Klinkhart’s installment as full-time AMCO chief was made official Monday by Gov. Mike Dunleavy. The governor appointed Klinkhart as interim director of the agency in November 2019. Klinkhart, who […]
MJBizCon announces return to Las Vegas Oct. 20-22
March 1st, 2021MJBizCon will return as a live, in-person event in Las Vegas in October, barring any unforeseen developments related to the coronavirus pandemic, Marijuana Business Daily announced Monday. The 10th annual cannabis trade show, the largest in the industry, is scheduled to be held at the Las Vegas Convention Center and will include an online component […]
Review study: Cannabis and driving cognition
March 1st, 2021How long should you wait after using cannabis before getting behind the wheel of a vehicle? The answer is not straightforward according to a review and meta-analysis of the effects of cannabis on driving and driving-related cognition. While the study confirms THC impairs driving, there is no simple formula to determine how long to wait […]