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Cannabis bill

November 8th, 2019Cannabis bill is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California Suspends 394 Cannabusiness Permits

November 8th, 2019California has suspended 394 cannabis business permits, affecting about 5 percent of the state’s legal supply chain, the Associated Press reports. The move will temporarily reduce the number of legal cannabis operators in the state amid a crackdown on unlicensed operations. The suspensions include retailers, distributors, delivery services, and microbusinesses that have not completed steps […]

Drake Launches Cannabis Company with Canopy

November 8th, 2019Hip-hop star Drake, real name Aubrey Drake Graham, is partnering with Canadian cannabis company Canopy Growth to launch More Life Growth Company in his hometown of Toronto, Ontario. Drake, on Wednesday, posted the logo for the company to Instagram and his team handed out flowers throughout the city before making the announcement. “The idea of […]

Ontario business group wants ‘clear timeline’ for cannabis store expansion

November 8th, 2019A group comprised of cannabis industry leaders and experts is calling on Ontario’s government to provide a more complete timetable for when retail stores will be permitted through an open allocation of licenses. So far, the province has used a botched lottery system to award opportunities to open recreational marijuana stores. The Ontario Cannabis Policy […]

Ex-Canopy CEO Bruce Linton Lands at Vireo as Executive Chairman

November 8th, 2019Bruce Linton, the former founder and co-CEO of Canada’s Canopy Growth Corp., has joined Vireo Health as executive chairman, the firm announced on Thursday. In the role, Linton will work closely with Vireo CEO and Founder Kyle Kingsley to “spearhead the company’s strategic decision-making, capital markets activity and future partnerships.” Linton was ousted from Canopy […]

Week in Review: Marijuana lending activity cools, Vireo hires Linton, MA judge lifts MMJ vape ban & more

November 8th, 2019Cannabis companies confront fewer funding opportunities, Vireo Health taps Bruce Linton to help the multistate operator expand, a Massachusetts judge rules an emergency ban on vapes can’t be enforced for medical marijuana patients – and more of the week’s top cannabis business news. Marijuana investment activity slows Cannabis companies are struggling to thrive as […]

Cannabis producer Canopy downsizes Latin America workforce as region struggles to generate revenue

November 7th, 2019One of the largest cannabis companies in the world, Canopy Growth, is restructuring its overseas operations by laying off 15% of its workforce in Latin America, reflecting the slow pace at which revenue-generating opportunities and regulatory structures are evolving in the region. Though the layoffs account for a tiny fraction of the Canadian producer’s global 3,850-person workforce, […]

Illinois hands out three more adult-use cannabis licenses, two in Chicago

November 7th, 2019Illinois awarded three more medical marijuana retailers licenses to sell recreational cannabis, including two in Chicago. There are now 14 medical marijuana dispensaries in Illinois that can sell recreational cannabis when legal sales begin Jan. 1, the Chicago Tribune reported. Illinois hands out three more adult-use cannabis licenses, two in Chicago is a post from: […]

Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally

November 7th, 2019To help expand its national footprint, multistate marijuana company Vireo Health International has hired Bruce Linton, one of the biggest names in the cannabis industry and former leader of Canada’s Canopy Growth until his surprise firing in the summer. It’s a high-profile hire for the U.S. cannabis industry, one that many executives and investors across […]

Marcus Pfeifer: CBD Supplements for Pets

November 7th, 2019As the latest guest to come on the Ganjapreneur.com Podcast, Marcus recently joined our host TG Branfalt for a conversation about pets, pet health, and the burgeoning hemp industry. In this interview, Marcus discusses the lack of research into cannabinoid medicines for both humans and animals, shares the story of how he and his wife […]

Tight funding environment weighs on marijuana companies still seeking profit

November 7th, 2019Which came first? Poor paths to profitability for North American cannabis companies or limited funding for them to build their businesses? The reality: It’s a bit of both. Funding opportunities for marijuana firms do exist, but investors are increasingly unlikely to lend if cannabis companies cannot meet their revenue and profitability targets. Therefore, cannabis businesses trying to […]

BREAKING: High Times Fires Seattle DOPE Magazine Employees

November 6th, 2019On Wednesday, October 30, the majority of DOPE Magazine’s editorial team in Seattle was laid off by parent company High Times, according to an anonymous tip received by Ganjapreneur. In what was described as a surprise move, 11 employees were fired in a complete restructuring of DOPE’s Seattle headquarters. When asked about the layoffs, High […]