• Create a winning plan to market and brand your cannabis business
    Marijuana Business Daily - 9 hours ago
    (This is an abridged version of a story that appears in the March issue of Marijuana Business Magazine.) Branding is a key component to any winning business strategy. Of course, it also might be one of the most difficult strategies to get right – and if implemented the wrong way, branding can…
  • Week in Review: Recreational marijuana sales tumble, cannabis stores open during pandemic, Harvest-Verano deal dead & more
    Marijuana Business Daily - 1 day ago
    COVID-19 causes cannabis sales to ebb, flow Only a few days after adult-use marijuana sales soared amid the coronavirus scare, they took a nosedive. MJBizDaily takeaway: The roller-coaster ride in marijuana sales was to be expected. Initially, consumers, panicked by the pandemic, stockpiled products. The sudden drop might mark a natural decline…
  • States that have allowed marijuana businesses to remain open during coronavirus pandemic stay-at-home orders
    Marijuana Business Daily - 2 days ago
    Most state governments around the nation have deemed medical marijuana companies “essential” during the coronavirus pandemic, meaning the vast majority can keep doing business after residents were told to stay at home and many businesses were ordered to scale back or close their operations. States that have allowed marijuana businesses…
  • Oklahoma allows curbside medical marijuana sales
    Marijuana Business Daily - 2 days ago
    Oklahoma medical cannabis dispensaries can provide curbside pickup service, but must ensure there is limited contact between employees and customers, according to state regulators. Dispensaries are exempt from Republican Gov. Kevin Safer-at-Home order for the elderly and “vulnerable populations” issued in response to the COVID-19 pandemic. Oklahoma is one of the many…
  • MJBizDaily podcast: Recreational marijuana sales fall after rising on COVID-19 fears and more
    Marijuana Business Daily - 2 days ago
    Adult-use cannabis sales plunged this week after briefly hitting new heights attributed to coronavirus concerns. Some of the other top headlines addressed in this week’s MJBizDaily podcast include:   More states say medical cannabis shops can stay open amid the COVID-19 outbreak. States have allowed marijuana businesses to remain open despite…
  • Cannabis firm Harvest Health seals $25 million Franklin Labs purchase
    Marijuana Business Daily - 2 days ago
    Multistate marijuana operator Harvest Health & Recreation announced on Friday it closed on its previously announced $25.5 million purchase of Pennsylvania medical cannabis company Franklin Labs. The closing comes a day after Harvest revealed that it would no longer buy Chicago-based Verano Holdings, which was for a time was one of…
  • VIDEO: Coronavirus’ impact on the cannabis supply chain
    Marijuana Business Daily - 2 days ago
    Click on the video below to see Marijuana Business Daily’s Bart Schaneman discussing how COVID-19 is affecting the worldwide marijuana supply chain. The health crisis has revealed fragility in the cannabis supply chain – from vape hardware to marijuana packaging – but it also has shown that MJ companies can shift quickly…
  • British Columbia makes cannabis businesses ‘essential’ during COVID-19
    Marijuana Business Daily - 2 days ago
    British Columbia has designated cannabis retailers and producers as essential services, meaning regulated cannabis businesses can keep operating during the COVID-19 pandemic. “Essential services are those daily services essential to preserving life, health, public safety and basic societal functioning,” wrote B.C.’s Ministry of Public Safety and Solicitor General in a…
  • Health Canada still processing new cannabis licenses during COVID-19 crisis
    Marijuana Business Daily - 2 days ago
    Health Canada says it will continue reviewing applications for new cannabis licenses and security-clearance applications during the COVID-19 pandemic, but applicants might face some delays. That news could come as some consolation to would-be Canadian cannabis businesses who are awaiting their licenses and security clearances during a time of acute…
  • Insurance-covered cannabis in Germany sets fourth-quarter record, pushing 2019 total to 123 million euros
    Marijuana Business Daily - 2 days ago
    Insurance reimbursements for medical cannabis in Germany reached a new high during the October-December period, propelling total reimbursements last year up nearly 70% from 2018, according to new data from the German National Association of Statutory Health Insurance Funds (GKV-Spitzenverband). Despite some supply issues toward the end of 2019, reimbursements for medical marijuana…
  • Marijuana packaging firm KushCo lays off 49, blames COVID-19
    Marijuana Business Daily - 2 days ago
    KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, on Thursday said it laid off 49 employees this month as the California company’s CEO noted that “the COVID-19 pandemic creates ever-increasing uncertainty in the cannabis industry.” The layoffs will save the company about $4 million, according to a…
  • Canada asks regulated cannabis labs for help in COVID-19 testing
    Marijuana Business Daily - 2 days ago
    Health Canada is working to identify lab capacity across the country to assist with COVID-19 testing, and the agency has reached out to certain federal cannabis license holders for help, Marijuana Business Daily has learned. Canada is currently experiencing a COVID-19 testing backlog. In Ontario alone, 10,965 people have coronavirus…
  • New Zealand cannabis scheme on schedule for April launch despite COVID-19 pandemic
    Marijuana Business Daily - 3 days ago
    The coronavirus pandemic sweeping the globe is not expected to affect the initial launch of New Zealand’s medical cannabis scheme, which is set to take effect April 1, a government official told Marijuana Business Daily. Other jurisdictions – notably Mexico – have pending cannabis industry legislation that faces near-certain delay because of…
  • Coronavirus impact felt in cannabis industry M&A as Harvest Health-Verano deal scuttled
    Marijuana Business Daily - 3 days ago
    The once-booming market for cannabis mergers and acquisitions is now feeling fallout from the COVID-19 pandemic, on top of all the other problems that have brought M&A activity to a virtual halt in the industry. Harvest Health & Recreation’s planned acquisition of privately held Verano Holdings was called off Thursday, with…
  • Cannabis labs watchful of supply disruptions during coronavirus crisis as testing demand remains strong
    Marijuana Business Daily - 3 days ago
    Marijuana testing labs report steady business as the COVID-19 outbreak rolls on, though concerns loom over the availability of protective equipment such as gloves and masks and other cleaning supplies. It’s a topic the cannabis industry will keep a careful eye on because, if the coronavirus pandemic eventually causes hiccups…
  • Mexico Senate suspension over COVID-19 puts cannabis legalization deadline in doubt
    Marijuana Business Daily - 3 days ago
    The Mexican Senate struck an agreement to postpone most legislative activity as part of the second phase of contingency measures to fight the coronavirus pandemic. The decision casts serious doubt on the feasibility of complying with the April 30 deadline the Supreme Court set for the legalization of cannabis. Senate commissions approved…
  • Green Organic Dutchman shelves large Quebec facility, lays off staff
    Marijuana Business Daily - 3 days ago
    The Green Organic Dutchman (TGOD) is the latest large Canadian cannabis firm to shelve one of its greenhouses and lay off staff, continuing a trend that has seen significant facility postponements and workforce reductions across the nation’s marijuana industry. TGOD temporarily laid off most employees at its facility in Valleyfield, Quebec,…
  • List of cannabis events hit by coronavirus
    Marijuana Business Daily - 3 days ago
    From South by Southwest in Austin, Texas, to Spannabis in Spain, at least 15 conferences with ties to the cannabis industry have been postponed, canceled or rescheduled amid the coronavirus pandemic. Here is a list – which will be updated – and links to some of the events impacted so…
  • Harvest Health, Verano end mammoth marijuana merger
    Marijuana Business Daily - 3 days ago
    What was one of the largest acquisitions ever announced in the marijuana industry – a deal valued at $850 million when Phoenix-based multistate marijuana operator Harvest Health & Recreation said a year ago it would buy Chicago’s Verano Holdings – has been mutually terminated, the two companies said Thursday. The coronavirus…
  • Farm Credit Canada COVID-19 assistance available to cannabis sector – with a catch
    Marijuana Business Daily - 3 days ago
    Farm Credit Canada (FCC) said cannabis businesses hit by economic fallout from the COVID-19 pandemic are eligible to apply for short-term, government-backed credit and loan payment deferrals, a move that could provide a financial lifeline for some companies. The credit, extended in the form of a loan, would come from a…
  • From marijuana to hand sanitizer: Cannabis companies pivot to produce, donate essential products for coronavirus fight
    Marijuana Business Daily - 3 days ago
    (This story has been updated to include information from CannaCraft about the costs and processes associated with formulating hand sanitizer.) Many state authorities have deemed U.S. cannabis companies “essential” businesses during the coronavirus pandemic and allowed them to keep their doors open – and now some marijuana businesses are producing…
  • Colorado cannabis dispensaries can stay open under stay-at-home order
    Marijuana Business Daily - 3 days ago
    “Marijuana dispensaries” are among the “critical” businesses in Colorado that are permitted to stay open under a stay-at-home order issued Wednesday by the governor. Colorado cannabis dispensaries can stay open under stay-at-home order is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
  • SLIDESHOW: Keep your marijuana business afloat during a crisis
    Marijuana Business Daily - 4 days ago
    SLIDESHOW: Keep your marijuana business afloat during a crisis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
  • COVID-19 might delay Maine’s adult-use cannabis launch beyond June
    Marijuana Business Daily - 4 days ago
    The long-awaited launch of Maine’s recreational marijuana market could be delayed further because of the coronavirus, according to a memo from state regulators. Earlier this month, a state agency projected that the first adult-use marijuana shops would open in June, three months later than the initial forecast. But now that timetable may…
  • Australian Senate committee issues report on medical cannabis barriers
    Marijuana Business Daily - 4 days ago
    An Australian Senate committee wrapped up its inquiry on barriers to regulated medical cannabis and published its final report this week. Any improvements to regulatory overlap and availability pathways to locally produced products could brighten business prospects for entrepreneurs. The committee’s final report came with 20 recommendations, covering a range of…
  • Florida, Oklahoma classify medical marijuana stores as ‘essential’
    Marijuana Business Daily - 4 days ago
    Count Florida and Oklahoma among the states in which medical marijuana dispensaries are considered “essential” businesses that can remain open during the coronavirus pandemic. A Florida statute considers medical cannabis dispensaries in the state to be an essential service such as pharmacies, the Tampa Bay Times reported. In Oklahoma, the state’s Medical Marijuana…
  • Quebec cannabis stores ruled ‘priority enterprises’; suppliers to stay open
    Marijuana Business Daily - 4 days ago
    (This story has been updated with a comment from Société québécoise du cannabis.) Quebec’s government-owned cannabis stores are “priority enterprises,” and businesses producing raw materials for the stores must maintain their activities in accordance with the directives of public health authorities. Neighboring Ontario also classified its regulated adult-use cannabis producers and…
  • Marijuana retailers using drive-thru service to help limit contact with customers amid coronavirus
    Marijuana Business Daily - 4 days ago
    Some cannabis businesses are closing their doors – by choice or order – and they’re relying more on drive-thru windows as a way to better serve customers and avoid spreading coronavirus. It’s yet another example of how retailers are adapting to cope with the pandemic and keep their marijuana sales on track. Edgewater,…
  • What Canadian cannabis firms got wrong and their path forward: Q&A with former Bacardi exec Rob McPherson
    Marijuana Business Daily - 4 days ago
    Large Canadian cannabis producers and their financial backers got a lot wrong in the lead-up to legalization. And not much has changed. Instead of focusing on consumer segmentation and proving out their businesses, they built massive facilities – “cathedrals to cannabis plants” – because that’s what investors wanted, said corporate…
  • In letter to cannabis producers, Health Canada pledges ‘limited inspections’ amid COVID-19 crisis
    Marijuana Business Daily - 5 days ago
    Canadian cannabis license holders received new guidance from Health Canada on Tuesday, detailing the federal health department’s approach to regulating the marijuana industry during the COVID-19 crisis. Among other things, Health Canada said it will continue some licensing activity and license inspections at a modified pace, allow temporary security clearances…