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Maryland Medical Cannabis Sales Reached $1 Billion Since Rolling Out

Since December 2017 when medical cannabis sales in Maryland got underway, the state has generated over $1 billion in cannabis retail sales, according to Marijuana Business Daily. Quarterly sales of $60.5 million in 2019 nearly doubled in the same period of 2020, reaching $115 million. In the first three months of 2021, cannabis sales reached …

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Leading U.S. CBD brand Premium Jane announces launch of delta-8 products

Leading American CBD brand Premium Jane has recently announced the launch of a range of hemp-derived delta-8 products. The products, which are available now for online order via Premium Jane’s official website, include a line of 625mg delta-8 Gummies as well as a potent line of 1000mg delta-8 tinctures. Delta-8 is a structurally unique cannabis-derived …

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Tobacco giant Philip Morris eyes marijuana market opportunities

Multinational tobacco company Philip Morris International reportedly is analyzing the marijuana industry for its market possibilities but hasn’t yet determined its next move. The New York-based cigarette maker told Bloomberg News that it is looking at the potential pharmaceutical and consumer plays and assessing such factors as cannabis benefits and risks. “We are doing all …

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Oklahoma cracking down on lawbreaking marijuana companies

Oklahoma law enforcement officials are conducting a wide-ranging investigation into legal medical marijuana businesses they say might also be involved in illicit street sales. One such company in the town of Guthrie was raided recently, Oklahoma City TV station KOKH reported, and the state Bureau of Narcotics (OBN) seized “dump trucks full of marijuana plants.” …

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Canadian cannabis firm Valens seeks Nasdaq listing

Canadian cannabis product manufacturer Valens Co. has announced its initial application to list shares on the Nasdaq exchange in the United States. As part of the Nasdaq listing plan, Valens will ask shareholders to approve a share consolidation at a May 25 meeting. “If the share consolidation is approved at the shareholder meeting, the company …

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What You Need to Know When Buying a Cannabis Business, Part 2: The Regulatory Environment

Buying a cannabis business does not occur in a matter of days, and transactions fall apart for a variety of reasons, as we discussed in Part 1 of this blog series focused on the buy-side of a cannabis M&A transaction. In this Part 2, we focus on the regulatory environment, discussing concepts that first-time buyers …

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5 strategies for using water-soluble cannabinoids in cannabis drinks

Extraction scientists and formulators are racing toward faster and cheaper ways to make cannabinoid molecules – hydrophobic and therefore impossible to dissolve in water – suitable for incorporating into drinks. 5 strategies for using water-soluble cannabinoids in cannabis drinks is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Get Paid to Study Cannabis – $20,000 Scholarship for a Degree in Weed Now Up for Grabs!

There are numerous advantages to studying cannabis, which is why we are seeing a rise in cannabis curriculum. The cannabis industry workforce is going to continue picking up, and for this reason, even traditional universities have decided to take their own approach to developing a cannabis curriculum. It’s great to see that many of these …

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