Nearly four years after California started regulating its cannabis industry, three in four businesses still operate on provisional licenses. As temporary license holders, 75% of the state’s cannabis industry lacks protections and privileges that come with holding full licenses — a situation that worries some in the business. Those temporary operato
If NewLake Capital Partners can follow the success of a competitor, there is a lot of money to be made. he anticipation for U.S. federal legalization of marijuana has multi-state cannabis operators (MSOs) expanding footprints across the country. Demand for cannabis has grown over the past three years, with legal cannabis sales in the U.S. going fro
Using Sustainable Hemp Solutions, One World Pharma Seeks to Become a Major Supplier Within the Federal Government, and Public and Private Sectors, Both Nationally and Internationally. Original link
Bank of America is, without any clear explanation, closing the account of the legally operating Institute for Cannabis and Psychedelics. One of the nation’s most popularly used banks decided to close the account of one of the country’s DEA-approved cannabis and psychedelic research institutions. The Bank of America suddenly closed the accounts of t
The company's merger with Aphria closed in May, but investors shouldn't rule out another one in the near future. Cannabis company Tilray (NASDAQ:TLRY) is hoping to reach $4 billion in annual revenue by 2024. For a company that is currently at a run rate of less than $700 million -- it has a long way to go in reaching that target. Original link
Costs such as labor, electricity, and tariffs may have already doomed the US cannabis industry. Costs of labor, water, electricity, and tariffs may all signal an unfair market for US marijuana growers. The US cannabis industry’s final chapter has already been written before it even began!  While the US cannabis industry anxiously waits for Federal
It has now been three full years since Canada legalized the recreational marijuana market on Oct. 17, 2018. In the early stages, marijuana producers in the country were generating strong growth numbers due to the new segment of the market opening up (previously, only medical marijuana had been legal). But fast forward to today, and top companies li
Three years after federal legislation removed the marijuana extract known as delta-8 THC from the nation’s list of controlled substances, Texas health officials have put it on its own list of illegal drugs, sending a shockwave through the growing CBD retail industry across the state and making the substance, essentially, illegal. Christine Perez, w
Speaking at last week’s  Benzinga Cannabis Capital Conference in New York City, Mary Ellen Schrock, brand evangelist at Vibe Growth told her colleagues on a panel called “The Trends Dictating the Future Landscape of Cannabis Brands” that it was time for the next generation of cannabis branding. (As Originally Seen On Benzinga by: Nina Zdinjak) Orig
Before recreational sales even get started, is New Jersey’s “budding” cannabis industry starting to resemble another regulated one that, too many times, has had competitors bringing out the knives against one another? Many in South Jersey will recall an all-out war of words that developed a few years ago between Virtua Health and Cooper University
Representatives of medical and adult-use marijuana businesses in Constantine attended the Constantine village council meeting Oct. 18 with questions about a presentation to the council last month by Scott Dianda and Ed Santangelo of Tranquility Fields Retail, regarding opening a consumption lounge in the village.  Tranquility Fields representatives
Don't worry, it's not to just one guy. That would be a bit extreme, even if one were to apply Cheech & Chong standards to the equation. No, those sales have gone to lots of Illinois residents...and quite a few have gone to our Midwestern neighbors (Wisconsin, we're looking at you). The Illinois Department of Financial and Professional Regulation (I
On Friday, the newest cannabis SPAC Achari Ventures Holdings Corp. I announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market and trade under the ticker symbol “AVHIU” beginning October 15, 2021. Original link
If there’s one truth in life, it’s that weed can grow just about anywhere. Backyards,  greenhouses, basements, rolling hills and acres of farms in every state, and even prisons. Well, a former prison, anyway. One of the nation’s leading cannabis operators, Green Thumb Industries will open a modern ‘cannabis campus’ on the site of a former federal p
 Five years ago, California’s approval of Proposition 64 opened the door to recreational marijuana and budding new local economies. The proposition was billed as a win for increased tax revenues, entrepreneurship, jobs and the hope of beating back marijuana’s long-established and vast illicit cannabis market. Original link
Pipp Horticulture (a division of Pipp Mobile Storage Systems, Inc.) (“Pipp”), the leading provider of space‐saving, multi‐level mobile cultivation systems, announced today that it has acquired the GGS Group of Companies (“GGS”). Based in Vineland, Ontario, GGS is one of the most recognized names in the Horticulture industry. They have been the lead