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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 […]

Multistate cannabis operator MedMen reveals another round of layoffs

December 11th, 2019Vertically integrated marijuana company MedMen, one of the most high-profile cannabis retailers in the U.S., announced more layoffs on Wednesday. “This week, the company provided layoff notices to an additional 20% of its corporate-level employees,” MedMen said in a news release. “In total, over the past 30 days, the company has strategically reduced its corporate […]

MJBizDaily, Cowen ink cannabis information distribution deal

December 11th, 2019Marijuana Business Daily and New York-based financial investment advisory firm Cowen on Wednesday announced an exclusive partnership in which MJBizDaily will distribute Cowen’s cannabis industry reports and MJ policy research. Distribution of Cowen’s cannabis-related research by MJBizDaily is expected to launch in the first quarter of 2020. Cowen’s cannabis research features Wall Street analyst Vivien Azer. “This partnership […]

MJBizCon 2019: Cannabis industry recognizes year’s challenges as it looks forward to longer-term growth

December 11th, 2019LAS VEGAS – Members of the cannabis industry’s brain trust used the first day of MJBizCon to share predictions for 2020 and describe how changing attitudes in the United States might affect future marijuana legalization efforts – plus more coverage from this week’s conference in Las Vegas. In his keynote presentation Wednesday, Chris Walsh, president and […]

Aurora details why it temporarily halted German medical cannabis sales

December 11th, 2019Aurora Cannabis was forced to stop sales of medical marijuana in Germany over “a form of treatment that we use to maintain the product without microbial contamination,” Cam Battley, the Alberta, Canada, company’s chief corporate officer, said at Marijuana Business Daily’s Investor Intelligence Conference. Aurora details why it temporarily halted German medical cannabis sales is a […]

CIBC: ‘Indiscriminate’ cannabis selloff should start to shift in 2020

December 11th, 2019The cannabis stock meltdown that erased $49 billion in enterprise value this year should begin to shift in 2020 as the industry leaders separate themselves, one of Canada’s largest investment banks forecasts. A new CIBC World Markets report by John Zamparo, director of institutional equity research, called this year’s “rationalization” of marijuana stock prices inevitable. “Even […]

Laurel “Lo” Friesen: Expert Cannabis Extractions

December 11th, 2019We recently caught up with Lo for an interview that covers the state of Washington’s cannabis industry, her entrepreneurial journey since the launch of 2017 Heylo, what it takes to find success as an extracts brand in a sophisticated cannabis marketplace, and more. Check out the written Q&A below! Ganjapreneur: When did you launch Heylo, […]

Creso Pharma Set for Big 2020 with Pharmaceutical Cannabis Expansion

December 11th, 2019The legal cannabis market is forecast to reach US$148 billion by 2026, with Barclays European Consumer Staples Report predicting the global cannabis market will reach US$272 billion by 2028. Surprisingly, despite still stringent legislation, the Australian legal cannabis market is also experiencing heightened activity. Australia’s Office of Drug Control has so far issued 69 licenses […]

Evidence of Inflated Test Results Emerges in Nevada

December 11th, 2019A Washington state scientist and cannabis consumer advocate has discovered evidence of “lab shopping” in Nevada using state cannabis laboratory data. Jim MacRae used publicly available lab results from Nevada’s busiest nine testing labs from January 2018 to May 2019. He was particularly interested in the failure rates for biological pathogens, heavy metals and pesticides, […]

MLB Considers Not Testing Minor Leaguers for Cannabis

December 11th, 2019Major League Baseball is considering removing cannabis from the banned substance list for minor league players while implementing an opioid testing program in both the minor and major leagues, according to a CBS Sports report. The proposal was first reported by The Athletic’s Ken Rosenthal. According to the report, players on the 40-man roster are […]

Brooklyn DA Drops Charges Against Hemp Shipment Recipient

December 11th, 2019The Brooklyn District Attorney’s Office has told a judge it is dropping all charges against the man who received a 106-pound shipment of legal hemp but was arrested after FedEx called in a tip about the shipment, the New York Post reports. On Tuesday, Prosecutor Kerri Row told Judge Raymond Rodriguez that the DA’s office […]

Report: Legal Canadian Cannabis Has 95% Pesticide Test Pass Rate

December 10th, 2019Just five percent of legally-grown Canadian cannabis contained pesticides, according to Health Canada data outlined by Global News. Five of 133 samples tested by the agency had restricted pesticides, while four tested positive for pesticides within acceptable ranges. One sample tested on Dec. 12, 2018 – two months after legalization – contained levels of myclobutanil, […]

Canopy Growth Names Constellation Brands CFO as CEO

December 10th, 2019Canadian cannabis producer Canopy Growth has named Constellation Brands Executive Vice President and Chief Financial Officer David Klein as its new chief executive officer. Klein has served in senior leadership roles at the alcohol distribution firm for 14 years and will take over for Mark Zekulin who took over as sole CEO following the ouster […]