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From $0 to $100M: How two Cannabis entrepreneurs grew without outside funding?

From $0 to $100M: How two Cannabis entrepreneurs grew without outside funding?

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Cannabis NewsJune 27, 2023

Co-founders of MJBiz and Wana Brands shared their strategies as keynote speakers for the Cannabis Marketing Summit. Deciding whether to fundraise for a start-up company is a big decision. On one hand, having money to support the initial growth can alleviate some of the growing pains; on the other

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Canopy Growth once worth $19 billion is now heading to zero

Canopy Growth once worth $19 billion is now heading to zero

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Cannabis NewsJune 27, 2023

Canopy Growth shares were under pressure for a second day as analysts questioned whether the Canadian cannabis grower could reduce its cash burn and turnaround operations. Benchmark slashed its price target on the firm to zero. The stock has dropped 78% this year amid a broader selloff in the

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Glenville puts pause on introduction of Cannabis law

Glenville puts pause on introduction of Cannabis law

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Cannabis NewsJune 26, 2023

GLENVILLE - Plans to introduce legislation allowing retail marijuana sales in town are on hold for the foreseeable future as lawmakers continue to assess the impacts of the state’s budding marijuana industry. Supervisor Chris Koetzle said Friday town lawmakers are examining where, if at all

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Budding union efforts in Michigan’s Cannabis Industry

Budding union efforts in Michigan’s Cannabis Industry

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Cannabis NewsJune 26, 2023

Marijuana licenses could be in jeopardy if bills go unpaid Although Michigan’s marijuana market surpassed $2 billion in profits last year, price volatility has continued to loom like a dark cloud. The recreational flower price per ounce was $90.64 in May, slowly inching up month-over-month but far

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Cops improperly used Marijuana smell to search car

Cops improperly used Marijuana smell to search car

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Cannabis NewsJune 26, 2023

The state Supreme Court said in a unanimous ruling Thursday that police officers improperly used the smell of marijuana to search a man’s car on the New Jersey Turnpike in 2016, a decision that allows the man to withdraw his guilty plea to a weapons offence. The ruling comes more than two years

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NY seizes 1,000 pounds of illicit marijuana worth about $10M in crackdown on illegal shops

NY seizes 1,000 pounds of illicit marijuana worth about $10M in crackdown on illegal shops

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Cannabis NewsJune 23, 2023

New York authorities have seized about 1,000 pounds of illegal marijuana products worth about $10 million from 31 different shops accused of illegally selling cannabis across the state, Gov Kathy Hochul said Thursday. The raids of unlicensed cannabis stores began earlier this month, as state agents

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Alabama pauses Medical Cannabis licenses, citing problems with application process

Alabama pauses Medical Cannabis licenses, citing problems with application process

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Cannabis NewsJune 21, 2023

Regulators in Alabama had started awarding licenses earlier this month. Regulators in Alabama last week abruptly suspended the process of awarding business licenses for the state’s new medical cannabis program, citing the “discovery of potential inconsistencies” in the application process. During an

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Nevada Governor signs Marijuana reforms bill into law

Nevada Governor signs Marijuana reforms bill into law

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Cannabis NewsJune 20, 2023

Nevada Governor Joe Lombardo last week approved a bill that makes several reforms to the state’s marijuana laws, including more than doubling the limit on adult-use cannabis possession and purchases. The omnibus measure, Senate Bill 277, was signed by the Republican governor on May 14, according to

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Oregon Marijuana businesses must pay back missing taxes, state says

Oregon Marijuana businesses must pay back missing taxes, state says

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Cannabis NewsJune 20, 2023
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What’s next? Are they going to bring a crane?

What’s next? Are they going to bring a crane?

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Cannabis NewsJune 20, 2023

Criminals target Oakland cannabis business using a forklift. OAKLAND - Oakland police are investigating three separate crimes against cannabis businesses in West Oakland. The businesses were targeted overnight and one case involves the use of a forklift. Surveillance video obtained by KTVU shows an

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Jim Belushi for Senator in 2024?

Jim Belushi for Senator in 2024?

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Cannabis NewsJune 20, 2023

“What do you guys think? Should I run for office??? #GrowingBelushi” actor and cannabis farmer Jim Belushi tweeted in May, throwing the question to his followers. (Benzinga) Recently, Belushi posted a promotional video featuring Dan Aykroyd. Aykroyd proclaimed gleefully, "Jim Belushi would make a

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Philly City Council members want to restrict conversion of Marijuana dispensaries

Philly City Council members want to restrict conversion of Marijuana dispensaries

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Cannabis NewsJune 20, 2023

City Council is moving to pass a bill that would limit medical weed distributors from becoming recreational sellers in future. Two Philadelphia City Council members — Republican Brian J. O’Neill and Democrat Curtis Jones Jr. — are moving to block existing medical marijuana dispensaries in their

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Six people busted for Marijuana operation

Six people busted for Marijuana operation

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Cannabis NewsJune 20, 2023

In what they call a “major operation,” Placer County Sheriff’s Office deputies, detectives and special events (SET) team executed a search warrant at a property on Northridge Road in unincorporated Lincoln and made six arrests, on Monday. Placer County Sheriff's Office said they “discovered six

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Biden Admin confirms Marijuana descheduling happening THIS year

Biden Admin confirms Marijuana descheduling happening THIS year

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Cannabis NewsJune 20, 2023

Is the United States about to see its biggest change to marijuana policy in recent decades? Marijuana reform at the federal level is coming in the near future, says senior Biden officials. During a press briefing in Sacramento, Calif., a few days ago, U.S. Secretary of Health and Human Services

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Brazilians protest to demand Cannabis decriminalization

Brazilians protest to demand Cannabis decriminalization

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Cannabis NewsJune 19, 2023

Pro-cannabis protesters demonstrated in Sao Paulo on Saturday (June 17) to demand the decriminalization of the plant. During the protest, attendees held signs defending the use of marijuana and smoking on the street. Amongst the main demands was the de-stigmatization of medicinal marijuana, said

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Cruise industry clarifies stance on Cannabis

Cruise industry clarifies stance on Cannabis

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Cannabis NewsJune 19, 2023

They are known by different nicknames. The Heat. The Po-Po. Five-O. Cruise aficionados simply call them the cruise police. Now, major lines such as Royal Caribbean, Carnival and even Disney Cruise Line have clarified their stance on cannabis and CBD. Simply put, if you sail from a United States port

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Cannabis arrests down as DEA seizes 6 Million Plants

Cannabis arrests down as DEA seizes 6 Million Plants

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Cannabis NewsJune 15, 2023

The DEA reported seizing millions of marijuana plants and arrested more than 5,000 people for cannabis-related offenses last year. The US Drug Enforcement Administration and its law enforcement partners arrested fewer people for cannabis-related offenses in 2022 compared to the previous year

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Congress smacks Russia about Marijuana

Congress smacks Russia about Marijuana

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Cannabis NewsJune 15, 2023

In a rare bipartisan act, Congress smacks Russia over marijuana prisoners, now if they could be this united here at home. Nothing brings people together than a common enemy. Congress, which delights in fighting among themselves has united in issuing another message to Russia. Now if they can bring

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Man arrested for immigration offences after 150 Cannabis plants discovered

Man arrested for immigration offences after 150 Cannabis plants discovered

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Cannabis NewsJune 15, 2023

An Eastern European man has been arrested after officers discovered 150 cannabis plants in a home. On Wednesday, June 14, the Neighbourhood Policing Team and Rural Task Force were made aware of concerns regarding cannabis cultivation in Waterfoot. Officers arrived at the residential property

Marijuana Politics

Illinois lawmakers, Cannabis business owners lobby to close Delta-8 regulation loophole

Illinois lawmakers, Cannabis business owners lobby to close Delta-8 regulation loophole

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Cannabis NewsJune 15, 2023

CHICAGO - The popularity of Delta-8, a hemp byproduct often described as "marijuana light" or "diet weed," has skyrocketed in the past couple of years. Retailers across the city have started selling a variety of products infused by Delta-8, but they're not bound by the same stiff regulations as

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