Growth slows for German medical cannabis market in third quarter

Demand for medical marijuana in Germany continued to increase in the third quarter, albeit at a slower pace than the previous quarter. Total cannabis sales covered by statutory health insurance surpassed 50 million euros ($56.8 million) in the first nine months of 2018, with all categories of allowed medical cannabis posting gains between the second […]

Michigan governor eliminates medical marijuana licensing board

Published March 1, 2019 Michigan Gov. Gretchen Whitmer is abolishing the board that considers medical cannabis licenses, a decision she based on the group’s struggle to make timely decisions. A new body – the Marijuana Regulatory Agency – will conduct the licensing for both the medical cannabis market and the state’s emerging recreational marijuana program, […]

Massachusetts recreational marijuana sales soar despite obstacles

Massachusetts dispensaries rang up $9.3 million in recreational marijuana sales during the first four weeks of operation, an impressive feat considering only two stores were selling adult-use cannabis during the bulk of this period. Compared with the first month of rec sales in other states, Massachusetts had lower gross sales but far fewer operating dispensaries […]

California begins accepting grant applications from cities, counties for social equity

Published March 1, 2019 | By John Schroyer California state marijuana regulators announced Friday they are accepting grant applications from cities and counties that are implementing social equity programs for local cannabis businesses. The state’s Bureau of Cannabis Control (BCC) will award $10 million to qualifying jurisdictions by June 30 as part of a growing […]

Maryland’s first-year medical cannabis sales approach $100M

Published January 7, 2019 | By Maggie Cowee Maryland’s slow-to-start medical marijuana industry made up for lost time, zooming toward $100 million in first-year sales. Maryland brought in $95.4 million in dispensary sales between Dec. 1, 2017, and Nov. 30, 2018, averaging 21% monthly growth and peaking in November at $13.8 million. That total surpassed […]

Colorado lawmakers move to open marijuana markets to capital, outside investors

Colorado’s $1.5 billion-a-year marijuana industry appears on the threshold of opening its recreational and medical markets to a potential rush of outside investors and capital, almost a year after former Gov. John Hickenlooper shot down similar legislation. Bipartisan legislation that would allow publicly held companies to both invest in and hold marijuana licenses in Colorado […]

Multistate cannabis operators rapidly expanding into new markets

Published January 14, 2019 | By Maggie Cowee The fragmented, state-by-state nature of the marijuana industry historically has been dominated by small, local players, but larger, publicly traded companies with multistate operations are becoming an increasingly prevalent force. Rapid consolidation and expansion among cannabis companies dominated 2018 with more than 300 mergers and acquisitions and […]

CA, AZ cannabis retailers with same name headed to court over trademark

Two marijuana companies both named “Harvest” are heading to court over the rights to the title, and both are claiming trademark protections for their respective companies. The case is far from the only cannabis dispute over a company name. One key to the Harvest case may be that the California-based company has a state trademark […]

Canadian cannabis producers ink key deals to continue global expansion

Published January 17, 2019 This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week ended Jan. 11. Key takeaways among […]

Embattled Canadian cannabis firm Ascent receives creditor protection

Published March 4, 2019 Canadian cannabis company Ascent Industries has been granted creditor protection by the Supreme Court of British Columbia to address liquidity issues, caused “in large part” by the suspension of its licenses. Health Canada notified British Columbia-based Ascent in September it was suspending the licenses of its subsidiary, Agrima Botanicals, over infractions […]