Recreational sales of marijuana in Illinois officially commenced on the first day of 2020 as dozens of dispensaries across the state opened their doors to thousands of eager cannabis customers. The Illinois Department of Financial and Professional Regulation currently lists 46 adult-use cannabis dispensaries that licensed and approved to sell marijuana throughout the state.
In the face of growing financial losses and a stock that has lost more than 80% of its value over the last nine months, Canada’s Aurora Cannabis Inc. is shaking things up. The company recently shared that chief corporate officer Cam Battley had stepped down from his position on December 20, among other notable announcements.
Greenbox bills itself as “the first fully automated CBD kiosk,” a 6-foot-tall, highly technical piece of machinery that founder Zack Johnson is producing domestically. Customers are greeted by a large touchscreen and an array of products arranged into lifestyle categories such as “Drift and Dream” and “Release and Recovery.”
A new group of polls indicates that Americans are increasingly in favor of legalizing cannabis. A Marist Poll recently found that 62% of adults believe federal marijuana legalization is a “good idea.” Meanwhile, a new Fox News survey of 1,000 registered voters also found that 63% favored the national legalization of cannabis for recreational use.
Speaking to cannabis industry professionals during a panel discussion at last week’s MJBizCon event in Las Vegas, Craft Cannabis Alliance founder Adam Smith made a strong case for the licensed transfer of cannabis between legal markets.
Columbia Care -- a multi-state operator with licenses in 13 U.S. states, Washington D.C. and Puerto Rico -- has agreed to a sale-leaseback with NewLake Capital that will net the New York-based cannabis company $35 million.
During a panel discussion at the 2019 MJBizCon event in Las Vegas, three cannabis company founders explained the reasons why they’ve opted to emphasize "effects" to the canna-curious customer just beginning to experiment with THC-and CBD-infused products.
THCnet -- a B2B resource that provides cannabis industry professionals with news, information and career opportunities – has officially launched ahead of the world’s largest cannabis business conference, MJBizCon. Founded by entrepreneurs with a passion for cannabis, THCnet.com provides in-depth coverage of the emerging marijuana and hemp industries.
Canopy Growth Corporation today announced that David Klein, the chief financial officer at Constellation Brands, which owns 38% of the Canadian cannabis firm, would take over as its chief executive officer next month.
Federal and state regulators this week clarified rules around banking for hemp-related businesses, paving the way for more financial institutions to back growers and cultivators without filing burdensome paperwork.
Even as major U.S. cannabis companies like MedMen, Pax Labs and others have announced large-scale layoffs impacting hundreds of workers, the U.S. cannabis industry is poised to become a significant jobs creator in the coming years. According to Vangst, a cannabis recruiting agency, the number of available cannabis jobs have increased by 79% over the last year.
In an interview with THCnet, Theory Wellness VP Matt Gamble discusses his experience in the marijuana business, and shares his thoughts on why other CPG professionals should consider a career in cannabis.