Marijuana firm Cronos closes CA$2.4 billion investment from tobacco giant Altria

Altria Group’s record-breaking investment of 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group closed Friday, completing what is so far the largest investment by a tobacco company in the cannabis space. The investment gives Altria a 45% stake in Cronos. Altria also has a warrant that, if exercised, would bump its […]

How Can Cannabis Help with Autoimmune Disorders?

About 50 million Americans suffer from autoimmune diseases that cause abnormal over-activation, or under-activation, of the immune system. In cases of over-activation, the immune system produces antibodies in response to an unknown trigger that attacks the body’s own tissues and organs. This can include the heart, brain, muscles, digestive tract, skin, eyes, joints, nerves, and […]

‘Big cannabis’ already controls most of Canada’s adult-use market

Customer Nikki Rose and Canopy Growth CEO Bruce Linton showed off the receipt from the first purchase at Canopy’s Tweed retail outlet in St. John’s, Newfoundland and Labrador. (Photo courtesy of Canopy Growth) Canada’s largest licensed cannabis producers already have a stranglehold on the country’s regulated recreational market just four months into legalization, according to […]

Here Are the Top Cannabis Jobs Now Hiring, and How Much You Could Earn

A lot of people are eager to work in the business of cannabis. But which job is right for you? Glassdoor recently released a report on cannabis-related jobs, based on the site’s postings in December 2018. It discussed which regions were most actively looking to fill positions and the types of jobs being offered. So […]

New Mexico adult-use marijuana bill might face long odds in final stretch

Published March 14, 2019 Legislation that would legalize recreational cannabis in New Mexico but under a mostly government-run retail structure faces an uphill climb. Although the House passed the measure, a key New Mexico Senate chair told the Santa Fe Reporter it’s unlikely the bill will be considered in his committee before the legislative session ends […]

California marijuana business licenses expiring at a rapid clip

California’s cannabis industry is facing a licensing quandary, which state legislation likely will address, but the situation could still prove problematic for businesses that want to comply with the law instead of joining the illicit market. The problem: Thousands of temporary business licenses – under which most of the legal MJ supply chain has operated since […]

Marijuana firm Tilray taps ex-Goldman Sachs managing director

Published March 13, 2019 Canadian marijuana cultivator Tilray said it is hiring former Goldman Sachs Managing Director Andrew Pucher as chief corporate development officer. Pucher – the latest Wall Street executive to enter the marijuana industry – most recently covered cannabis stocks for Goldman as part of his role as managing director and head of Canadian […]

What We Know So Far About Mixing Marijuana with Prescription Medications

As research continues to grow about the benefits and usage of cannabis in treating an array of ailments, questions continue to arise into how it interacts with over-the-counter medications and prescription drugs. For all the potentially curative properties of cannabis, there are risks when users who are on other medications start mixing and matching. In […]

Want to expand your cannabis firm’s reach? Try age-specific advertising, marketing

Published February 21, 2019 | By Joey Peña (This is an abridged version of a story that appears in the February issue of Marijuana Business Magazine.) Millennials might be a marijuana business’ bread and butter. But more and more adults who are middle-aged or older are starting to turn to cannabis for medical or adult use […]