The start of the new year will launch a flurry of activity for Illinois’ recreational cannabis industry, a sizable new market that will unleash stiff competition for business licenses and could eventually reach $2.5 billion…
Cannabis Economics & Creating Efficiencies for Profit Margin
News of cannabis glut and falling wholesale prices has been dominating the airwaves of late, despite some recent reports showing that prices are remaining steady. As legalization continues to spread across the nation, the industry…
2019’s top US cannabis business stories: Vape crisis,…
The U.S. cannabis industry experienced some momentous moves forward on the legalization front in 2019, but it also faced significant obstacles that reflected how the licensed marijuana sector is continuing to mature and why it…
Top 10 global cannabis stories of 2019: WHO…
Cannabis markets in Canada and elsewhere in the world went on a roller-coaster ride in 2019, as irrational expectations gave way to more realistic market assessments. Global medical marijuana markets, corporations and top executives experienced breakthroughs and…
Trinidad and Tobago’s proposed medical cannabis law advances
The Cannabis Control Bill, 2019 overcame a second vote in the House of Representatives in December. A third vote could be held as early as February 2020. A proposed law to establish the legal footing…
Bermuda releases draft medical cannabis law and rules…
Bermuda's government will review feedback it receives on the draft medical marijuana law and regulations before legislation is introduced in the legislature. Bermuda released the draft legislative blueprint to establish a domestic medical cannabis industry,…
Stock slump, layoffs and turning a cannabis company…
(This story has been updated to clarify MedMen’s over-the-counter and Canadian Securities Exchange information.) The new year always offers a chance for a fresh start, which is exactly what MedMen CEO Adam Bierman believes he…
Consumer Protection Laws & CBD Products—What You Need…
By now, cannabis companies have heard that the Food and Drug Administration (FDA) has issued a slew of warning letters to sellers of CBD products for selling unapproved and mislabeled drugs and illegally adulterated food,…
Preparing Your Recall Strategies
A product recall is the removal of a defective product from the market because it can cause harm to the consumer or place the manufacturer at risk of legal action. Although a recall is not…