Over 2017, major media outlets published innumerable articles discussing the challenges that most cannabis businesses face when trying to raise money — especially taking into account that traditional small business loans are not available for an industry that is still deemed illegal by the federal U.S. government. While the challenges remain very real, things are […]
Cronos Group Inc. (Nasdaq: CRON) (TSX-V: CRON) (“Cronos” or the “Company”) – With Canada on track to legalize adult use of cannabis, two of the world’s largest cannabis companies announced a first-of-its-kind cross border joint venture today that could bring America’s most recognized cannabis brand to Canadian consumers by year’s end. MM Enterprises USA, LLC […]
NEW YORK, March 13, 2018 /PRNewswire/ — According to a recent report published by Forbes, Brightfield Group projects that the global cannabis market was worth $7.7 billion in the end of 2017, and is projected to reach $31.4 billion by 2021. The United States accounts for about 90 percent of the whole market. But the U.S. domination of the market is […]
January was a great month for the cannabis industry, despite Attorney General Jeff Sessions’ decision to rescind the Cole Memo, an Obama-era memorandum that essentially protected state-legal cannabis businesses from federal prosecution. Marijuana companies received more than $1.2 billion in investments over the first five weeks of the year, matching deals for all of 2016. […]
ver thought about being a manager of a cannabis store? Or maybe a grow master? With an annual salary of up to $100,000, these positions attract more and more people in the industry. In fact, the legal cannabis industry has become a major job generator, with the number of employed people exceeding the number of […]
A new Cannabis Benchmarks report projects U.S. wholesale cannabis prices will continue their downward trend in 2018 and warns there are several wild cards to watch out for The price of a pound of legal marijuana has been plummeting for 18 months, according to a new report tracking the cannabis U.S. spot price index. Analysts […]
(CNN) — Berkeley City Council members have passed a resolution declaring the city a sanctuary for recreational marijuana. The move may be the first of its kind in the country, tweeted Berkeley Mayor Jesse Arreguin, who proposed the measure. Under the new resolution, which passed Tuesday night, ...
No "women in cannabis" list would be complete without mentioning Whoopi and Maya. Whoopi Goldberg was quick to leap into the marijuana market and joined forces with Maya Elisabeth, the founder of another cannabis company, Om Edibles. Their line of products includes topicals, tincture drops, and ...
Using precision cutting techniques, workers at a large-scale marijuana grow site near Chicago spend their days expertly trimming marijuana buds. The men and women who work for Cresco Labs are not breaking the law, at least not in Illinois, where lawmakers gave medical marijuana the green light in ...