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Massachusetts keeps cannabis vape ban, orders quarantine of products as regulators focus on suspect additive

Massachusetts regulators maintained a?ban on the sale?of cannabis oil vaporizers and devices after ordering marijuana retailers to quarantine the products on Tuesday, dealing a financial blow to MJ companies hoping for a speedy resumption of vape sales. In making its decision, the state?Cannabis Control Commission (CCC) also focused on the need to test for vitamin […]

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Two more California cannabis companies disclose layoffs

On the heels of recent news that several U.S. and Canadian marijuana companies were?slashing employee headcounts, two more California companies announced job cutbacks. CannaCraft and Grupo Flor both told?Marijuana Business Daily?they undertook cost-saving layoffs as a result of financial challenges, which along with previous downsizing disclosures by other cannabis firms might suggest larger underlying financial […]

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More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal

A new Florida law?repealing a ban on smokable?medical marijuana products has given the state’s MMJ market a shot in the arm, prompting large multistate companies to aggressively expand their production, operations and retail footprints. That has injected fresh competition into one of the nation’s fastest-growing medical cannabis markets and loosened the grip of the state’s […]

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Health officials identify additive in patients with cannabis-related vaping illnesses, a move that could boost legal vape products

U.S. health officials on Friday singled out vitamin E acetate as a likely culprit in the vaping health crisis, reiterating that many of the suspect THC vape products were obtained from illicit sources rather than licensed cannabis businesses. While the exact cause remains unknown, marijuana industry officials said that identifying a possible culprit behind the […]

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Week in Review: Marijuana lending activity cools, Vireo hires Linton, MA judge lifts MMJ vape ban & more

Cannabis companies confront fewer funding opportunities, Vireo Health taps Bruce Linton to help the multistate operator expand, a Massachusetts judge rules an emergency ban on vapes can’t be enforced for medical marijuana patients – and more of the week’s top cannabis business news.   Marijuana investment activity slows Cannabis companies are struggling to thrive as […]

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Cannabis producer Canopy downsizes Latin America workforce as region struggles to generate revenue

One of the largest cannabis companies in the world, Canopy Growth, is restructuring its overseas operations by laying?off 15% of its workforce in Latin America,?reflecting the slow pace at which revenue-generating opportunities and regulatory structures are evolving in the region. Though the layoffs account for a tiny fraction of the Canadian producer’s global 3,850-person workforce, […]

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Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally

To help expand its national footprint, multistate marijuana company Vireo Health International has hired Bruce Linton, one of the biggest names in the cannabis industry and former leader of Canada’s Canopy Growth until his surprise firing in the summer. It’s a high-profile hire for the U.S. cannabis industry, one that many executives and investors across […]

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Tight funding environment weighs on marijuana companies still seeking profit

Which came first? Poor paths to profitability for North American cannabis companies or?limited funding?for them to build their businesses? The reality: It’s a bit of both. Funding opportunities for marijuana firms do exist, but investors are increasingly unlikely to lend if cannabis companies cannot meet their revenue and profitability targets. Therefore, cannabis businesses trying to […]

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