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Some marijuana firms turn to small investor opportunities in tight funding climate

Cannabis companies in the United States currently face a tough environment in terms of raising money. However, as an example of how marijuana businesses are looking to address this funding challenge, one California producer is turning to mom-and-pop investors as opposed to venture capital. Goldenseed, a privately owned Santa Cruz-based cultivator and processor, said it […]

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Some Illinois adult-use marijuana shops close due to product shortages, high demand that totaled $11M in sales in first week

Illinois cannabis shops have had approximately a week to sell recreational marijuana since the state began allowing it Jan. 1, and demand has proven so extreme that – despite enjoying about $11 million in early sales – some retailers have?cut off adult-use customers temporarily in order to conserve inventory. “The demand in Illinois is every […]

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Chart: Local approval in Michigan adult-use marijuana program creates uneven business opportunity

Michigan’s strategy for adult-use cannabis businesses empowers localities to control their communities, but it creates disparate business opportunities within the state’s market. Regulators chose not to restrict the number of recreational marijuana businesses allowed statewide but granted municipalities local approval. Adult-use sales began in Michigan on Dec. 1, 2019, and could reach $1.4 billion to […]

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High Times changes CEOs again as iconic cannabis brand seeks profitability

High Times Holding Corp. has reshuffled its chief executives, the latest development in the saga of a 46-year-old magazine publisher struggling to evolve into a mainstream, diversified cannabis company. The company appointed Stormy Simon, former president of the online retailer Overstock.com, to replace Kraig Fox, a media heavyweight who?left Los Angeles-based High Times on Dec. […]

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Week in Review: Illinois adult-use marijuana market starts with $3M+ day, OR rule might limit cannabis permits, Nevada lab closes & more

Licensed recreational cannabis sales begin in Illinois, a new?Oregon rule could possibly curtail the number of marijuana licenses in the state, Nevada shutters a testing lab –?and more of the week’s top MJ business news.   Illinois hits 77,000-plus transactions on first day of legal adult-use MJ sales The newest U.S. recreational marijuana market kicked […]

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