Business

LOS ANGELES—As the calendar turns to 2025, the cannabis industry stands on the brink of transformation. This year could mark a pivotal point, shaped by evolving policies, shifting consumer preferences, and new market opportunities on both local and global scales. Let’s explore the trends and challenges that could define the cannabis landscape in what promises ...

LOS ANGELES- MariMed Inc, a multi-state cannabis operator, has initiated wholesale operations in Missouri, marking its expansion into a sixth revenue-generating state. The company's premium product lines—including Betty’s Eddies™ fruit chews, Bubby’s Baked™ confections, Vibations™ hydrating drink mixes, and InHouse™ flower, vapes, and gummies—are now available in select dispensaries across the state. MariMed plans to ...

LOS ANGELES- LEEF Brands Inc. , a California-based cannabis extraction and manufacturing company, has successfully closed the second tranche of its private placement financing, securing an additional CAD $500,000. This follows the first tranche, which raised CAD $2,118,375, bringing the total gross proceeds to CAD $2,618,375, surpassing the initial target. The financing involved issuing 2,000,000 ...

LOS ANGELES--At Procter & Gamble (P&G), we were taught to analyze financial statements with precision, breaking them down into actionable insights that link business performance to strategy. Cannabis companies can apply these same principles to their financial management, as cannabis is fundamentally a consumer packaged goods (CPG) product. Here’s a practical guide using Tide, one ...

LOS ANGELES- Aurora Cannabis Inc. has announced a distribution partnership between its wholly owned subsidiary, MedReleaf Australia, and The Entourage Effect, a company that provides distribution and support services to pharmacies in Australia. Under this agreement, The Entourage Effect will act as a wholesaler for MedReleaf Australia's product lines, including CraftPlant, Aurora, and IndiMed brands. ...

LOS ANGELES- Co-founders Doug Francis and Justin Hartfield of WM Technology, Inc., the parent company of Weedmaps, have proposed to take the company private. They offered $1.70 per share in cash for the approximately 68% of shares they do not currently own, valuing the company at about $100 million. This proposal represents a 39% premium ...

LOS ANGELES--Hydroponics, the practice of growing plants in a water-based, nutrient-rich solution rather than soil, has become increasingly popular among cannabis cultivators. This method offers several advantages, particularly when it comes to optimizing growth, enhancing yields, and improving the overall quality of cannabis plants. In this article, we’ll explore the key benefits of using hydroponics ...

LOS ANGELES--The hydroponics industry is experiencing unprecedented growth worldwide, driven largely by its increasing adoption in the cannabis sector. As cannabis legalization expands across continents, cultivators are turning to hydroponic systems to meet the demand for high-quality, sustainable, and efficient crop production. This article explores the factors contributing to the global rise of hydroponics in ...

WASHINGTON, D.C- (NORML) Federally funded survey data provided by the University of Michigan reports that teen marijuana use has declined significantly over the past decade and is now at historic lows. Consistent with data previously reported by the Centers for Disease Control and Prevention and the National Survey on Drug Use and Health, the University of Michigan’s annual Monitoring the Future ...

LOS ANGELES- Organigram Holdings Inc., a Canadian cannabis producer, is actively broadening its market reach through strategic investments and acquisitions, supported by British American Tobacco (BAT). In November 2023, Organigram secured a follow-on strategic equity investment of approximately CAD 124.6 million from BT DE Investments Inc., a wholly-owned subsidiary of BAT. This investment is being ...

NEW YORK--Every CFO needs to know that Section 280E of the Internal Revenue Code (IRC) presents a significant challenge for cannabis businesses operating in the United States. This provision, enacted in 1982, was originally designed to prevent drug traffickers from claiming tax deductions. However, its implications have far-reaching effects on legal cannabis operations today, as ...

NEW YORK-The cannabis industry has seen impressive growth over the last decade, but the landscape has become more challenging as businesses face regulatory hurdles, tax burdens, and market saturation. Despite these obstacles, cannabis companies can still raise capital by employing strategic planning, maintaining strong investor relations, and tapping into creative funding avenues. In this article, ...

LOS ANGELES--The regulatory landscape for cannabis in the United States has changed significantly since the passage of the 2018 Farm Bill, which legalized the cultivation of hemp and its derivatives. This legislation inadvertently created a loophole that allows companies to market and sell hemp-derived products, including those containing psychoactive cannabinoids like delta-8 THC, even in ...

LOS ANGELES- Wow...2024 flew by but left a lot of casualties as the emerging market of cannabis, continues its emergence in 2024. Here's what went down in case you were away from your desk: January The year started with momentum as cannabis companies ramped up efforts to address price compression and regulatory challenges. The opening ...

WASHINGTON, D.C.–The debate over cannabis' federal classification is set to intensify as the DEA prepares for pivotal hearings on its status under the Controlled Substances Act. DEA Administrative Law Judge John Mulrooney has announced that witness testimony will commence on Tuesday, January 22, 2025. The hearings are scheduled to run every Tuesday, Wednesday, and Thursday ...