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‘Black Panther’ Tops Box Office for 3rd Week, Now 10th Highest Domestic Grosser of All-Time with $501.1 Million

by Dave McNary via Variety.com Disney-Marvel’s “Black Panther” is continuing its super-heroic run, grossing a stunning $501.1 million in North…
Source: Good Melanin News

Cannabis retailers should embrace out-of-state consumers – after they’ve taken appropriate steps
(This is an abridged version of a story that appears in the August issue of Marijuana Business Magazine.) Medical and recreational cannabis retail stores near state borders have tremendous business opportunities. They’re able to draw the interest of cannabis consumers in adjacent states that might prohibit the drug and can also benefit from reciprocity laws that […]
Rhode Island cannabis company seeks arbitration against Acreage Holdings
Acreage Holdings, one of the largest multistate operators in the U.S. marijuana market, faces a demand for arbitration from a Rhode Island company that claims Acreage violated a contract agreement. CanWell filed an arbitration request alleging that New York-based Acreage breached a noncompete portion of an operating agreement the companies signed in 2018 by pursuing competing […]
Lawsuit alleges marijuana tech firm Tilt Holdings broke law with solicitations
Tilt Holdings, a Massachusetts-based company specializing in cannabis technology, faces a possible class-action lawsuit over its marketing tactics. Los Angeles residents Richard Komaiko and Marcie Cooperman filed suit against Tilt Holdings alleging the company violated federal law by spamming them and other customers with unsolicited text-message marketing. Denver-based software firm Baker Technologies, a Tilt subsidiary that targets retail […]
California state cannabis tax revenues reflect slow, steady increase in legal market sales
An increase in marijuana tax revenues to California state coffers reveals the legal market’s sales are slowly but steadily increasing, despite ongoing hurdles such as high taxes and unlicensed competition. California pulled in $74 million in cannabis excise taxes between April and June, a 21% increase from the $61 million collected from January through March. […]
Guam clarifies adult-use marijuana rules ahead of new industry regulations
Guam, a U.S. territory, reminded businesses and consumers that recreational cannabis sales remain prohibited until the new rules to govern the industry are completed. The Western Pacific island approved the creation of an adult-use cannabis market earlier this year. The Cannabis Control Board has until April 2020 to finalize a set of rules and regulations […]
New Mexico limits medical cannabis growers to 1,750 plants
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Alaska governor puts marijuana advocate back on state MJ board
Alaska Gov. Mike Dunleavy is bringing back a marijuana advocate to the state cannabis regulatory board, a move welcomed by an industry that successfully fought his attempt to install an MJ critic. Dunleavy’s office said he appointed Bruce Schulte to the Marijuana Control Board. Schulte was involved in the 2014 initiative that legalized adult-use marijuana […]
After slow start, Canada’s recreational marijuana sales reach new high
Adult-use cannabis sales through regulated channels in Canada reached a new high in June after meandering for much of the first half-year of legalization, according to the latest, seasonally adjusted data from Statistics Canada. Sales of regulated adult-use cannabis surpassed 85 million Canadian dollars ($63 million) in June, an improvement over May’s CA$79 million and April’s […]
Week in Review: Weedmaps to end its ads for illicit cannabis, FBI probes MJ industry, MO licensing odds & more
Weedmaps plans to cease advertising unlicensed cannabis retailers, the FBI looks into public corruption in the legal marijuana industry, Missouri receives more than 2,000 medical marijuana applications – and more of the week’s top cannabis business news. Weedmaps to stop advertising unlicensed businesses The influential marijuana site Weedmaps, which is one of the most popular […]
Cannabis retailer Green Growth inks first equity raise
Ohio-based Green Growth Brands, which last month agreed to buy a multistate operator that sells both medical and recreational marijuana, completed an initial equity raise for 50.2 million Canadian dollars ($37.8 million). Green Growth said in a statement that the raise is intended to fuel expansion, much like the company’s $310 million purchase in July of Moxie. […]
How much is your slice of the marijuana pie worth?
Warrants can align stakeholder incentives with shareholder interests, but they complicate the share count at different valuations and can cloud what you really own. How much is your slice of the marijuana pie worth? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Ontario planning to allocate cannabis store permits ‘based on market demand’
(This story has been updated to include further comments from the Ontario Cannabis Store and the Ministry of the Attorney General.) Regulators in Canada’s largest cannabis market are working to return to the current government’s original plan of allocating adult-use marijuana store licenses based on market demand, a move that would unlock significant opportunities for the […]
Utah lawmakers consider ditching state-run medical cannabis system
Utah legislators are drafting a proposal to scrap a planned state-run medical marijuana dispensary system and instead increase the number of private facilities, which could boost business opportunities and sales. Lawmakers are considering the change after facing pressure from county attorneys who said the system put public employees at risk of being prosecuted under federal drug […]
Marijuana firm KushCo secures $50 million credit line
California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, closed on a $50 million credit facility that will be used for working capital and potential acquisitions. The transaction consists of a $35 million revolving line of credit that can be increased by $15 million subject to certain terms, according to the […]
FBI scrutiny of corruption in US cannabis industry welcomed by some, scorned by others
The FBI’s announcement that it is probing public corruption in the legal marijuana industry has stirred up strong reactions among cannabis insiders. While some complain the FBI’s scrutiny is another example of how the legal MJ industry is being unfairly targeted as if it’s a bottomless gold mine, others welcome the feds’ attention to illicit […]

Category: “Death Wish”

‘Black Panther’ Tops Box Office for 3rd Week, Now 10th Highest Domestic Grosser of All-Time with $501.1 Million