Coworkers Become Enemies As Cannabis Consultants Feud In Cutthroat Market

The CEO of SIVA Enterprises has filed suit against start-up Cirrata and five executives in that company, previously employed at SIVA, over alleged civil and criminal acts committed in a supposed effort to undermine SIVA’s business, Marijuana Business Daily reports. Avis Bulbulyan of SIVA is pitting himself against Lance Ott, Steve Baghoomian, David Yeager, Colton Lasater and […]

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Louisiana Plants First Cannabis Crop After Months of Regulatory Issues

Louisiana’s first legal cannabis crop will be planted today after the grower, GB Sciences, and state regulators finally reached an agreement on operations, according to a News Star report. The first crop will be grown in a temporary “exterior pod” custom-built by GB Sciences to meet stringent state regulations. GB Sciences must still obtain approval from Agriculture […]

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California Cannabis Taxes Generate $74 Million in 2nd Quarter

California’s cannabis tax numbers are in for the second quarter of 2018 and the numbers suggest the market is trending toward compliance, despite the market’s rocky start. Tax revenue from the cannabis industry totaled $74,240,257 from April 1, 2018, through June 30, 2018, which includes state cultivation [$4.5 million], excise [$43 .5 million] and sales […]

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Ontario Delays Launch of Private Cannabis Stores Until 2019

On Monday, Ontario’s government announced that it would start legal cannabis sales as online-only when it becomes legal on Oct. 17 and would delay brick and mortar sales until April of 2019, Bloomberg reports. In the meantime, Ontario has partnered with Shopify to provide a government-run, online-only platform for the sale of legal cannabis. Once private brick […]

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Alcohol Distributor Constellation Brands Makes $4 Billion Cannabis Investment

Constellation Brands, the brewer of Corona beer and a major distributor for Svedka vodka, just invested nearly $4 billion (CAD $5 billion) into Canada’s Canopy Growth, Marketwatch reports. It is the largest investment ever in the cannabis industry. After news of the announcement broke, Canopy Growth — which is publicly listed on both the New York and […]

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Sacramento Launches Cannabis Equity Program to Help Drug War Victims

The city of Sacramento, California voted in favor of a cannabis equity program that helps the communities and people most harmed by cannabis prohibition last week, reports CBS. Sacramento is the fourth city in California to establish a cannabis equity program after Oakland, San Francisco, and Los Angeles. The cannabis equity program in Sacramento fast-tracks cannabis business […]

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Trump Tariffs Expected to Increase Cannabis Industry Prices

The prices of cannabis retail items like vapes, batteries, filters, cartridges, and packaging may soon increase thanks to President Trump’s proposed tariffs, Forbes reports. The tariffs will force vape manufacturers to locate new American suppliers or be quickly out-competed by the companies that do. American-made equipment in this category is far more expensive. The increase in prices […]

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Shopify Locking Up Canadian Cannabis Market

Online retail giant Shopify has been cutting huge deals with Canadian provinces and cannabis producers to set itself up as the largest cannabis point-of-sale and inventory management platform, reports The Motley Fool. Shopify has signed contracts with the provinces of Ontario and British Columbia, as well as with Aurora Cannabis, Canopy Growth Corp., Hydropothecary Corp., […]

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First FDA-Approved CBD Medication to Cost More than $32,000 Per Year

GW Pharmaceuticals has revealed the expected consumer price for Epidiolex, the first cannabidiol-based medication to be approved by the FDA, according to a Business Insider report. At a price tag of about $32,500 per year, it won’t be cheap, but company representatives said in a phone call with investors this week that its cost reflects that of […]

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Florida Judge Rejects Licensing Caps for MMJ Businesses

In an exciting twist for Florida’s medical cannabis marketplace, a Tallahassee judge ruled last week that the cap on cannabis operators imposed by state lawmakers “directly contradicts” the voter-approved constitutional amendment passed in 2016, the News Service of Florida reports. Lawmakers added the restriction in 2017 while establishing rules and regulations for Florida’s medical cannabis regime. […]

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Cannabis Entrepreneurs Rush to Secure Toronto Retailer Locations

Entrepreneurs are flocking to Toronto, Ontario in order to secure real estate for future cannabis retailer locations, CBC reports. The rush is underway despite there being no official word from province officials about how it plans to manage the private cannabis retailer market. “Ontario is a frenzy right now in terms of entrepreneurs, real estate developers […]

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California’s Adult-Use Cannabis Market Experiences Growing Pains

On January 1, California opened the largest legal adult-use cannabis market in the world. The marketplace, however, has experienced a resoundingly unimpressive launch, with sales numbers hovering at about 50 percent of pre-legalization predictions. At the heart of the market’s tumultuous start, there lies a mess of issues — including over taxation, burdensome regulations, local […]

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Nevada’s YTD Cannabis Sales Exceed Half a Billion Dollars

The first year of adult-use cannabis sales in Nevada has exceeded the state’s year-end expectations by 25% as of July, reports The Atlanta Journal-Constitution. With June’s revenue, taxed sales will exceed $500 million this year to date, resulting in tax payments totaling over $70 million. Nevada set sales records last year as well. In the […]

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Illicit Cannabis in Colorado and Oregon: Different Regulations, Different Outcomes

A comparison of reports studying cannabis supply in Oregon and Colorado by Colorado Public Radio reveals that while Oregon’s surplus seems to be disappearing into illicit markets, Colorado’s growers aren’t even planting their entire allotment. In Oregon, 70 percent of legal cannabis grown goes unsold. In Colorado, most growers are planting less than half their […]

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Molson-Coors Latest Big Alcohol Player to Invest in Cannabis

In an effort to battle falling beer sales, Molson-Coors has embraced Canada’s legal cannabis market by partnering with The Hydropothecary Corporation to create a cannabis beverage startup, according to a Wall Street Journal report. The startup formed by the partnership will stand alone, with its own board of directors. Molson-Coors will own 57.5% of the new startup […]

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Canadian Cannabis Growers Will Be Federally Subsidized

Canada’s federal government will provide some of the same subsidies to cannabis growers that it does to traditional agriculture operations when the cannabis market opens later this year, Forbes reports. Agricultural ministers from all levels of Canadian government decided during an annual meeting in Vancouver to allow cannabis growers access to the same programs that support […]

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Pennsylvania MMJ Flower Sales Launch Today

Medical cannabis patients in Pennsylvania can purchase flower under the state’s MMJ program starting today, according to a press release from the office of Gov. Tom Wolf. A total of 16 dispensaries in Scranton and Williamsport started offering dry flower products on Wednesday; the product will launch in Edwardsville and State College next week, bringing the […]

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High Times Sells Stock Direct to Investors

Using a new public offering exemption called “Regulation A,” High Times has started selling shares of its corporation direct to non-institutional investors, according to the magazine’s investor site. High Times has been trying to go public for more than a year. In a confusing series of announcements, the company has reportedly attempted multiple routes to listing […]

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California Vape Cartridge Company Issues Industry’s First Cannabis Product Recall

The Bloom Brand — a manufacturer of cannabis vape cartridges, disposable vape pens, and oil infusions — and its distributor, Greenfield Organix 4th St., voluntarily issued the California cannabis industry’s first product recall on Wednesday; the alert was posted on The Bloom Brand’s company website. The recall was issued for Bloom products containing cannabis Batch Number […]

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Massachusetts Cannabis Commission Gets Tough On Municipal Profiteering

The Massachusetts Cannabis Control Commission (MCCC) made an official announcement Thursday reminding municipalities who are seeking agreements with adult-use cannabis businesses to stay within the law when it comes to negotiating financial terms, the Associated Press reports. The MCCC said it has seen “anecdotal” evidence of communities exploiting cannabis businesses with excessive taxation and fees, which is […]

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Ontario Government to Allow Private Cannabis Retailers

An insider source reportedly says the Ontario government will allow for privately owned cannabis shops when Canada’s adult-use market comes online in October, according to a CBC report. The source, who spoke with The Globe and Mail on the condition of anonymity, suggested that the government would maintain its control over cannabis distribution and online sales. Officials […]

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Sweet Leaf Receives Stay of Action for Destruction of Denver Cannabis Products

Sweet Leaf, the Colorado-based cannabis retailer chain who had its Denver licenses revoked earlier this month due to an alleged “looping scheme,” has won a stay of action for the destruction of all the company’s Denver-based cannabis products, according to a Marijuana Business Daily report. The stay was granted yesterday in Denver District Court. “Until the […]

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Canadian Company Tilray Has First U.S. Cannabis IPO

Canadian cannabis producer and processor Tilray made history last week as the first cannabis company to hold an initial public offering on the U.S.-based Nasdaq stock exchange, according to a report from Fox Q13. Other Canadian cannabis companies have traded on U.S.-based stock exchanges — Tilray, however, is the first to do so with an […]

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Florida to Issue Four More MMJ Cultivation Licenses

The Florida Department of Health announced last week it would be licensing four more medical cannabis cultivators now that the program has surpassed 100,000 patients, the News Service of Florida reports. The addition of the new licenses will bring the total number of cannabis cultivators in Florida up to 14, the tenth license having been issued […]

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