If cannabis companies can survive this “giant curveball” and economic downtown, those businesses can “slingshot out of it” in better shape and with more opportunities than before the coronavirus. That was one of the central messages delivered Monday by Charlie Bachtell, co-founder and CEO of Chicago-based Cresco Labs, while offeringContinue Reading
The trio of regulatory agencies that oversee California’s marijuana industry announced Monday that they’re again offering license fee payment deferrals for up to 60 days – this time for business permits that are expiring in July and August. The announcement was made by the California Bureau of Cannabis Control, whichContinue Reading
(This story was updated with information from Auxly about the number of job losses.) Toronto-based Auxly Cannabis is the latest Canadian cannabis company to take a critical look at its international footprint. Auxly “has chosen not to proceed with planting for the 2020-2021 growing season nor with the development ofContinue Reading
It’s 21 in the United States, and mostly 19 in Canada. Researchers say Canada may have it right. The post What’s the best minimum legal age for cannabis? appeared first on Leafly. Read More: What’s the best minimum legal age for cannabis?Continue Reading
San Diego has joined cities like Los Angeles, Sacramento and San Francisco in creating a cannabis-specific agency to oversee its marijuana industry. The city’s upcoming Cannabis Permitting Bureau will have an annual operating budget of just under $1 million and a staff of nine full-time employees to focus on licensingContinue Reading
Multistate marijuana operator Acreage Holdings said it has closed on a deal to acquire a New Jersey medical cannabis operation for $10 million, plus the assumption of debt. The acquisition, announced last year, gives Acreage a firm foothold in a marijuana market positioned for potential adult-use legalization. New Jersey residentsContinue Reading
MJBizConNEXT Direct and Hemp Industry Daily Direct kicked off today with a virtual keynote speech from Dia Simms, an award-winning entrepreneur and member of BRN Group, a New York-based cannabis tech company. Simms called on the cannabis industry to move in unison to overcome over a century of stigma, toContinue Reading
Aurora Cannabis co-founder Terry Booth has left the company’s board of directors, months after stepping down as chief executive. Aurora made the announcement in a brief press release issued Monday, describing Booth’s departure from the board as a “retirement.” “As one of the original cannabis visionaries, Terry leaves an enviableContinue Reading
Dr. Lester Grinspoon, the renowned Harvard scholar whose works boldly challenged the cannabis stigma in an era when it was deeply entrenched in American culture, died June 25 at his home in the Boston area. His passing came unexpectedly, one day after he celebrated his 92nd birthday. His most pioneeringContinue Reading
To contribute to the conversation about institutional racism in the cannabis industry, Marijuana Business Daily spoke with several Black MJ business owners and executives from across the United States to get their thoughts on racism and how it might have affected their companies and careers. Black marijuana business executives addressContinue Reading
