CEO of company bought by PepsiCo invests in, joins board of cannabis tech...
The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business...
View ArticleMultistate cannabis operator Vertical closes $58 million Series A funding round
Los Angeles-based Vertical Companies – a vertically integrated multistate cannabis firm – closed a $58 million Series A funding to build out the company’s footprint and bring its brands to market. The...
View ArticleWeekly Deal Watch: Capital raises in hemp sector spike in first part of 2019
Investors are keying in on the hemp sector, raising more than 10 times the amount raised last year at this point. Weekly Deal Watch: Capital raises in hemp sector spike in first part of 2019 is a post...
View ArticleHealth Canada: No ‘advance notice’ for new infused marijuana products allowed
Companies hoping to bypass or shorten the “60-day rule” requirement to notify Canadian regulators of new cannabis products will be out of luck, according to the country’s regulatory body. That’s going...
View ArticleUS DOJ: Cannabis staffing firm employee cannot file for bankruptcy
The U.S. Justice Department said an Oregon woman who works for a marijuana staffing agency can’t use bankruptcy protection because of her firm’s cannabis ties. The Wall Street Journal reported the...
View ArticleCannabis waste disposal is becoming big business as firms look to monetize...
Marijuana waste gives entrepreneurs an opportunity to enter an emerging cannabis sector that turns plant refuse and post-extraction leftovers into marketable products that range from animal bedding to...
View ArticleCannabis group Greenlane reports net loss amid expansion
Greenlane, a Florida-based distributor of vape products, reported improved revenue of $49.9 million for the first quarter 2019, up 15.3% from the same period last year. Cannabis group Greenlane reports...
View ArticleMarijuana group 4Front secures $50 million loan to help build facilities
Phoenix-based 4Front Holdings, a vertically integrated cannabis group, has secured a $50 million loan to help it build cultivation and production facilities connected with the company’s expected merger...
View ArticleHow a little-known tax auditing firm became ‘kingmakers’ of California cannabis
On April 10, in a cozy private basement room at the upscale Firehouse Restaurant in Sacramento, California, about 60 state elected officials, policymakers and government staffers gathered at a...
View ArticleDecades of relationships give rise to HdL’s California cannabis stronghold
While supporters and critics can debate HdL Cos.’ influence as a positive or negative force on California’s cannabis industry, what’s indisputable is the firm's success in winning local marijuana...
View ArticleProfit-maker or profiteer? Cannabis industry conflicted on HdL’s influence,...
More than one industry source contacted by Marijuana Business Daily referred to HdL Cos. as “hypocritical” latecomers to the marijuana industry, a sentiment that stems from many legacy operators being...
View ArticleFormer US Rep. Rohrabacher joins cannabis firm BudTrader’s advisory board
Former U.S. Rep. Dana Rohrabacher, a Republican from California who lost his House seat to Democrat Harley Rouda in 2018, announced on Twitter that he has become a shareholder and advisory board member...
View ArticleCannabis capital ‘rotating’ away from Canada to United States, analyst says
Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent...
View ArticleGoogle says no to cannabis-related service apps in its play store
Tech giant Google banned all marijuana-related apps from its play store, meaning Android phone users now won’t be able to download apps that facilitate home delivery or other services. The ban went...
View ArticleDixie Brands to enter Oklahoma marijuana market through deal with Globus
Dixie Brands, a Denver-based consumer packaged goods company, said it is entering the Oklahoma medical cannabis market through a manufacturing and distribution agreement with Globus Holdings. Oklahoma...
View ArticleMerged cannabis firms MJ Freeway, MTech to begin trading on Nasdaq
Akerna, the newly formed marijuana company involving the merger of cannabis technology company MJ Freeway and MTech, a special purpose acquisition company, is to begin trading on the Nasdaq on June 18....
View ArticleMJBizCon is fastest-growing trade show again, mirroring marijuana market’s...
For the fourth year in a row, MJBizCon ranked as the fastest-growing trade show in the United States, echoing the rapid growth of the MJ industry both in this country and overseas. The...
View ArticleMarijuana firm High Times explores OTC, not Nasdaq, as it falls short of...
High Times Holding Corp., the parent company of the iconic High Times cannabis magazine, fell well short of its $50 million equity raise target and will aim for a listing on the OTC markets as opposed...
View ArticleCanadian Chamber throws weight behind marijuana industry
Canada’s largest business association is throwing its weight behind the cannabis industry. Canada must do more to realize the full economic potential of the country’s marijuana sector, according to the...
View ArticleMarijuana company KushCo reports higher revenues, wider losses
KushCo Holdings, a California-based provider of ancillary products and services for the cannabis industry, on Tuesday reported revenues of $41.5 million for its fiscal third quarter, a 221.5% jump from...
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