Legal & Politics

Hemp Business

Rise of CBD raises concerns for marijuana executives

Rise of CBD raises concerns for marijuana executives

Published June 28, 2018 | By Bart Schaneman CBD products are often marketed as having similar health benefits to medical marijuana without the psychoactive properties – essentially all of the medicine but none of the high. That growing mainstream appeal has some cannabis business owners concerned that CBD is a threat to the THC-reliant marijuana…
Canadian marijuana financier entering hemp industry in Nevada

Canadian marijuana financier entering hemp industry in Nevada

Published June 26, 2018 A Canadian company that finances marijuana projects is expanding into the hemp business in Nevada. Crop Infrastructure announced Monday that it has entered into a loan agreement with Elite Ventures Group to buy 315 acres in Nye County, Nevada. Crop is based in Vancouver, British Columbia, and Elite Ventures in Las…
MassRoots Pivots Business Model, Targets Dispensaries

MassRoots Pivots Business Model, Targets Dispensaries

MassRoots announced in a press release on Wednesday that they are releasing a new product, MassRoots for Business. The company expects that this pivot will create its primary source of income for the year. MassRoots’ previous income was primarily from direct-to-consumer ads, though the company has had trouble meeting revenue goals in the past and in…
Massachusetts Issues First Adult-Use Cannabis Retail License

Massachusetts Issues First Adult-Use Cannabis Retail License

Massachusetts has issued the state’s first retail adult-use cannabis license, according to a MassLive report. The retail license allows the recipient company, Cultivate Holdings Inc., to sell adult-use cannabis out of its existing medical dispensary in Leicester, Massachusetts. Cultivate was in competition with 19 other applicants for the first retail license, but it remains unclear when exactly Cultivate…
Santa Rosa Hydroponics sold to Colorado retail chain GrowGeneration

Santa Rosa Hydroponics sold to Colorado retail chain GrowGeneration

During the Gold Rush, it was the merchants selling sifting pans who struck it rich and not the legions of 19th century fortune seekers looking for wealth in California’s rivers. Santa Rosa brothers Rick and Jason Barretta applied that wisdom to the nascent marijuana industry about 10 years ago when they opened Santa Rosa Hydroponics…