Featured Marijuana Business & Cannabis Industry News

More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal

A new Florida law?repealing a ban on smokable?medical marijuana products has given the state’s MMJ market a shot in the arm, prompting large multistate companies to aggressively expand their production, operations and retail footprints. That has injected fresh competition into one of the nation’s fastest-growing medical cannabis markets and loosened the grip of the state’s […]

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Health officials identify additive in patients with cannabis-related vaping illnesses, a move that could boost legal vape products

U.S. health officials on Friday singled out vitamin E acetate as a likely culprit in the vaping health crisis, reiterating that many of the suspect THC vape products were obtained from illicit sources rather than licensed cannabis businesses. While the exact cause remains unknown, marijuana industry officials said that identifying a possible culprit behind the […]

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Week in Review: Marijuana lending activity cools, Vireo hires Linton, MA judge lifts MMJ vape ban & more

Cannabis companies confront fewer funding opportunities, Vireo Health taps Bruce Linton to help the multistate operator expand, a Massachusetts judge rules an emergency ban on vapes can’t be enforced for medical marijuana patients – and more of the week’s top cannabis business news.   Marijuana investment activity slows Cannabis companies are struggling to thrive as […]

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Cannabis producer Canopy downsizes Latin America workforce as region struggles to generate revenue

One of the largest cannabis companies in the world, Canopy Growth, is restructuring its overseas operations by laying?off 15% of its workforce in Latin America,?reflecting the slow pace at which revenue-generating opportunities and regulatory structures are evolving in the region. Though the layoffs account for a tiny fraction of the Canadian producer’s global 3,850-person workforce, […]

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Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally

To help expand its national footprint, multistate marijuana company Vireo Health International has hired Bruce Linton, one of the biggest names in the cannabis industry and former leader of Canada’s Canopy Growth until his surprise firing in the summer. It’s a high-profile hire for the U.S. cannabis industry, one that many executives and investors across […]

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Ontario offers no new details on cannabis retail expansion, will allow ‘click-and-collect’ sales

Ontario’s government is still not releasing key details on when it will significantly expand the number of adult-use cannabis stores, while a new analysis suggests the slow rollout of storefronts has already cost the province’s fledgling industry about 325 million Canadian dollars ($246 million) in foregone revenue. In the Economic Outlook introduced Wednesday in the […]

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Portugal tries to position itself as Europe’s top medical cannabis exporter, but companies face challenges

Portugal is gearing up to become a medical marijuana production powerhouse serving growing European markets. But as access to capital tightens in the global cannabis industry,?companies wanting to set up operations in Portugal could have challenges to secure the necessary funds for their ambitious plans. Only a handful of firms are currently fully operational and […]

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Experts suggest recent marijuana industry layoffs are part of a reality check; more job cuts expected

Anyone paying attention to cannabis business headlines has noticed what on its face seems a disturbing trend: At least half a dozen large companies recently announced layoffs, perhaps suggesting there’s financial trouble surrounding the marijuana industry. But those headlines don’t reveal the full story, several industry watchers told?Marijuana Business Daily. Rather, recent layoffs are a […]

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Offering consumers a face-to-face experience helps them remember a marijuana brand, experts advise

Whether it’s a cannabis-focused arts and music festival, a “garden party” or a tour that guides visitors from cultivation all the way to the sales floor, experts say that creating memories that stick with customers is among the most effective ways to build brand loyalty. In an industry constrained by regulations that limit cannabis advertising, […]

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