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Colorado enacts law to support minority marijuana entrepreneurs

March 23rd, 2021Colorado Gov. Jared Polis signed a measure with initial funding of $4 million that will provide loans, grants and technical assistance to social equity marijuana licensees. Lawmakers previously passed the bill, SB21-111, by a vote of 19-15 in the Senate and 40-23 in the House. The so-called marijuana entrepreneur program will be funded initially with […]

Women’s History Month: Q&A with cannabis industry pioneer Lakisha Jenkins

March 23rd, 2021Lakisha Jenkins isn’t one to seek the spotlight, though it’s difficult to find another longtime cannabis industry insider who’s more deserving of one. Jenkins – who holds a doctorate in naturopathy – is a legacy business owner who began as a compassionate activist in California. Jenkins got started in 2006 – first by running a […]

Adult-use marijuana basket composition highlights consumer buying trends in 2020

March 23rd, 2021Many adult-use marijuana shoppers would rather stick with one type of product, such as flower or vape pens, when at the store than bring home a variety of cannabis goods, according to an analysis of customer basket compositions from 2020. Understanding the buying patterns of marijuana consumers can help retailers and manufacturers improve merchandising and […]

West Virginia licenses medical cannabis testing lab

March 22nd, 2021West Virginia regulators awarded a business license to a medical marijuana testing laboratory. West Virginia licenses medical cannabis testing lab is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Colorado marijuana businesses provide THC products for MJ research

March 22nd, 2021Two Colorado-based marijuana companies are teaming up with the University of Colorado Boulder to study the heath impacts of flower and infused edibles. Native Roots, a Denver-headquartered medical and adult-use cannabis retail chain of 20 stories, will provide flower for the CUChange Cannabis Research Team’s study, and Wana Brands, a Boulder-based edibles company operating in […]

How cannabis companies can vet celebrity partnerships, avoid (embarrassing) pitfalls

March 22nd, 2021When Canopy Growth introduced its CBD drink brand, Quatreau, to the U.S. market on March 2, the Canadian cannabis producer also announced its newest brand ambassador: American astrologer Susan Miller. Ambassadors and celebrity partnerships are familiar terrain for Canopy, already known for its ties with Seth Rogen, Snoop Dogg and Martha Stewart. And while Miller […]

Fertilizing and amending soil on outdoor marijuana and hemp farms

March 22nd, 2021Crop nutrition is crucial to a successful start for marijuana and hemp farms, and depending on the cultivator’s location and preferred style of growing, there are several factors to consider. Fertilizing and amending soil on outdoor marijuana and hemp farms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

How will new law banning vaporizer shipments impact cannabis businesses?

March 21st, 2021The U.S. Postal Service will be prohibited from shipping vaping products starting this summer because of a new law that has cannabis businesses worried. How will new law banning vaporizer shipments impact cannabis businesses? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Recreational marijuana legalization bill stalls in New Mexico, but could head for special session

March 20th, 2021New Mexico lawmakers postponed a Senate floor vote on a recreational marijuana legalization bill as the regular legislative session ended Saturday, but the measure may be headed to a special session. Lawmakers didn’t make the Saturday noon deadline for passing the adult-use measure and sending it to Gov. Michelle Lujan Grisham, who has been pushing […]

Court battle over one of Virginia’s five medical cannabis licenses

March 19th, 2021Illinois-based PharmaCann has taken Virginia to court over a medical cannabis business license that the company claims is rightfully theirs, even though state officials have solicited new bids for the permit. PharmaCann’s suit requests that the application process be halted. State regulators contend the license – one of five they awarded – is fair game […]

OK federal judge tosses marijuana residency suit, but issue unresolved

March 19th, 2021A federal judge in Oklahoma rejected a lawsuit challenging the state’s residency requirement for medical marijuana business owners, but the decision doesn’t resolve the issue. U.S. District Judge Stephen Friot based his March 17 decision on the federal Constitution’s 11th Amendment, which broadly prevents federal courts from hearing certain lawsuits filed against states by citizens […]

Cannabis real estate financier AFC Gamma prices Nasdaq IPO at $119M

March 19th, 2021AFC Gamma, which offers real estate loans to legal marijuana companies, priced its initial public offering on the Nasdaq exchange to raise net proceeds of roughly $118.8 million before underwriting discounts, commissions and other expenses. According to a news release, the Florida-based company priced the offering of 6.25 million common shares at $19 per share, […]