As the number of medical
marijuana companies in New York is poised to double to 10, a group of original applicants to the program brought their case against what they deemed an unfair selection system to the state Health Department.
Private and public
marijuana companies in the US and Canada rely on CFN Media to succeed in the capital markets.
It has also partnered with two emerging medical
marijuana companies in Brazil.
Not exact matches
«There is a material risk that if the Obama era policies regarding cannabis are not followed, our business could end and investors could lose their total investment
in our
Company,» wrote The
Marijuana Company of America.
According to data from Sentieo, nearly 75 % of publicly traded
companies with some stake
in the
marijuana industry deemed Trump's election important enough to mention it as a risk factor to their shareholders.
Six of the
marijuana companies filed documents mentioning Attorney General Sessions specifically, who has been outspoken
in his opposition to legalized cannabis.
Trump's name shows up
in filings of less than 14 % of all
companies, but the stakes are much higher for firms that have bet on the federal government taking a hands - off approach to
marijuana policy.
Companies are boosting
marijuana inventory
in anticipation of legal recreational sales
in July, and have much more weed than can possibly be sold at this point.
In its 2017 State of Cannabis report released earlier this year, California
marijuana delivery
company Eaze reported that edible sales have increased as more people learn best practices for proper dosing.
The leader
in marijuana edibles
in Colorado, the
company is run by Nancy Whiteman, a 59 - year - old entrepreneur and mother of two.
Even though a clear majority of
marijuana companies mentioned Trump's name, they account for only 4 % of filings where the president's name gets mentioned
in a discussion of risk factors, according to Sentieo.
Tiger Global is diving into cannabis with an investment
in marijuana compliance software
company Green Bits.
He has purportedly already acquired a Washington - based
company that operates two Seattle medical
marijuana dispensaries and is close to purchasing others
in California and Colorado.
As
marijuana slowly emerges from prohibition, it will be easier for
companies to legally grow
in other countries where there are more ideal climates and water tables that will help lower prices and the indoor grow methods created to escape the DEA's helicopters will become history, Kennedy says.
Former House Speaker John Boehner — Nixon's ideological opposite
in many ways — announced on Wednesday that he is joining the board of a
marijuana company.
Brendan Kennedy, the cofounder of Privateer Holdings, which owns various
marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, says his
companies are expanding abroad while the U.S. Drug Enforcement Agency and the Food and Drug Administration debate whether or not to treat the plant as a medicine or keep it
in the same category as heroin.
Back
in November 2016, John Hudak, a senior fellow at the Brookings Institution, said that if Sessions became attorney general, he would have the power to rescind the Department of Justice memos issued under the Obama administration that have allowed
marijuana companies to exist without fear of DEA raids.
Dozens of
companies selling ancillary products and services
in the
marijuana industry were purged from mainstream payment processors like PayPal, Stripe, and Square
in January and February.
«I don't think it's realistic for Trump to wage an all - out war against recreational
marijuana,» says Aaron Herzberg of CalCann Holdings, a portfolio of cannabis
companies and brands
in California.
Lagunitas Brewing
Company,
in 2005, had its brewer's license suspended after police made
marijuana arrests at the brewery
in an event that has come to be known as the St. Patrick's Day Massacre.
Medical
marijuana company Phytotech Medical has entered into an agreement to wholly acquire Canada - based MMJ Bioscience,
in a deal worth about $ 20.7 million.
He founded his
company Weedmaps, a sort of Yelp for
marijuana dispensaries, in 2008, and now serves on the board of directors for the National Cannabis Industry Association, the Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as t
marijuana dispensaries,
in 2008, and now serves on the board of directors for the National Cannabis Industry Association, the
Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as t
Marijuana Policy Project and the National Organization for the Reform of
Marijuana Laws, which most people know as NORML and for which he also serves as t
Marijuana Laws, which most people know as NORML and for which he also serves as treasurer.
The debate at the Post is likely to echo at other
companies at a time when
marijuana use
in the U.S. is gaining widespread legal and social acceptance.
Even though medical
marijuana is legal
in California, cannabis
companies are still at risk of being shut down because the laws are still being developed.
Attorney General Jeff Sessions» decision to rescind an Obama - era directive that made enforcing
marijuana laws against
companies that comply with state laws a «low priority» raised ire
in both parties and stoked uncertainty
in states where the drug is legal.
Medical
marijuana producers
in Canada are typically branded like pharmaceutical
companies — clinical, staid and boring.
(
In the fragmented, state - regulated cannabis market, it is illegal for
companies to ship
marijuana products out of state.
No
companies in the U.S. can sell
marijuana products outside of the state they operate
in.)
Smoke also blanketed huge swaths of Northern California last week, which presents a more widespread concern for the
marijuana industry, according to Nick DiNicola, whose
company, DiNicola Insurance Services, brokers insurance for
companies in the cannabis space.
Although selling
marijuana is now legal
in 24 states and the District of Columbia, doing business as a legal
marijuana company is a logistical nightmare.
Tamar Maritz, regional director for California at
marijuana data insights
company BDS Analytics, said Californians could expect to see prices rise as much as 10 to 20 %
in the aftermath of the fires.
Hartfield's new venture taps into that entrepreneurial spirit with the intention to bring investors directly to the most exciting
companies in the legal
marijuana space.
The organic soap and body care products
company, which uses hemp and hemp oil
in many of its products, announced it will financially support organizations working to legalize
marijuana in five states
Aside from technology, the
company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform for cannabis sales online and
in stores as part of its plan to be the province's sole distributor of legal recreational
marijuana.
Tradiv is
in the process of partnering with Hypur, a software system that audits
marijuana companies to help persuade banks to accept high volumes of cash from the industry.
Lynwood will become «one of the first large - scale cultivation and manufacturing opportunities
in L.A. County,» Aaron Herzberg, who helps
marijuana businesses find real estate through his
company CalCann Holdings, told L.A. Weekly.
The burgeoning real estate market tied to
marijuana also has led to
companies specializing
in listing commercial property that can be used for the cannabis industry.
Gertner got back into the cannabis business
in 2014 with PharmaCan (now Cronos Group), a holding
company that acquires or buys minority positions
in licensed Canadian
marijuana producers.
A
company can be domiciled
in one state and open bakeries
in different states, eventually distributing the brand nationwide once
marijuana is legalized across the country.
Brendan Kennedy, the cofounder of Privateer Holdings, which owns various
marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, explains how Tilray is already exporting
marijuana to countries like Croatia and Australia for use
in clinical trials.
Tied for the largest single donation to Arizonans for Responsible Drug Policy, the campaign against the state's recreational
marijuana proposal, was $ 500,000 from Insys Therapeutics, a pharmaceutical
company known for selling the painkiller fentanyl
in the form of a sublingual spray.
The
company has signed up about a third of the roughly 200,000 medical
marijuana customers
in Canada, and Linton said he expected some 3 million Canadians to use legal non-medical pot next year.
Marijuana companies will be banned from a majority of cities and towns
in Massachusetts when recreational sales begin this summer, a Globe review has found, the latest indication that there will be fewer pot stores
in the early going than many consumers expected.
Banks and insurance
companies refuse to do business with cannabis
companies because
marijuana is illegal under federal law and most financial institutions are federally insured, forcing
marijuana businesses to operate
in cash.
The second - largest specialty coffee chain
in Canada, which has struggled to stay competitive
in recent years, said on Thursday that it is partnering with National Access Cannabis, a
marijuana retail and dispensary
company.
Second Cup's
marijuana move — which is only a small part of its overall strategy, according to Bregman — is the latest
in a string of attempts to turn the struggling
company around, including everything from store redesigns to management shuffles.
Myclobutanil, a chemical that is also prohibited for use on legal cannabis
in Colorado, Washington and Oregon because of health concerns, was found
in product recently recalled by Mettrum Ltd., a Toronto - based medical
marijuana company.
Canaccord Genuity said
in a note that the move could position Namaste for a potential TMX listing, as the stock exchange has threatened
companies with possible delisting over any pot - related operations
in the U.S., where
marijuana is still illegal at the federal level.
The quarterly dip was driven
in part by increased expenses, some of which the
company said were tied to preparations for Canada's coming recreational
marijuana market, which the federal government has aimed to legalize by July 2018.
The administration's remarks also took a toll on shares of Innovative Industrial Properties, which invests
in marijuana - growing facilities and is one of the few publicly traded cannabis
companies.