Last week’s meteoric rise of GameStop’s shares made headlines, but what should be made of it? And what can we learn from it for marijuana? What happened with GameStop is a short squeeze. The same thing happened to Tilray in 2018, Volkswagen in 2008 and…
Marijuana Cultivation News
Marijuana businesses can shield against product-liability claims by managing supply chain
Product-liability cases are among the most damaging lawsuits a business can face. Yet many marijuana businesses don’t take this threat as seriously as they should, experts said.
Marijuana businesses can shield against product-liability claims by managi…
Racketeering lawsuits remain a liability for marijuana businesses, but companies can head off risks
Federal racketeering lawsuits against state-legal marijuana businesses might be in something of a lull right now, but they remain a risk to be factored in with other business costs, experts agree. “We still see it as a significant risk for marijuana gr…
Outlining your cannabis business plan on paper can avoid partnership disputes later
Partnership disputes—whether between business partners or owners and investors—continue to be an ugly feature of the cannabis industry. Such conflicts can be costly and time-consuming; plus, they can sink a cannabis company. But there are steps compani…
Fresno, California, creates social equity fund for marijuana entrepreneurs
The Fresno City Council voted to establish an equity fund that would help financially assist disadvantaged marijuana business owners, the latest city among California municipalities that are trying to give a leg up in the industry to those hit hardest …
Report: Cannabis contributes $2 billion annually to Washington state economy
The legal cannabis industry has grown at a “staggering rate” in Washington and now contributes roughly $2 billion a year to the Pacific Northwest state’s economy, according to a new report from Washington State University. The report,…
Arizona’s new recreational cannabis firms see strong sales, possible supply issues on horizon
Vertically integrated cannabis companies in Arizona’s fledgling recreational market are reporting long customer lines and robust sales after a lightning-quick market launch less than three months after voters approved adult-use legalization. Disp…
San Diego County starts work on marijuana social equity program
One of the few remaining major metro California markets that doesn’t have a marijuana social equity program began down that path when the San Diego County Board of Supervisors voted 4-1 to begin crafting such a law. According to San Diego TV stat…
Michigan cannabis operator brings in $50 million from small investor offering
Gage Growth, a Michigan-based cannabis operation, said it raised the maximum $50 million allowed through a Regulation A, small-investor offering. Regulation A offerings are a way for a company to build a base of loyal investors in advance of a potentia…
Marijuana software firm Agrify prices IPO to raise $54 million
Agrify Corp., an ancillary marijuana business that produces hardware and software for indoor cannabis cultivators, priced an upcoming initial public share offering at $10 per share, or $54 million. Agrify shares will trade as AGFY on the Nasdaq exchang…