United States Cannabis Industry & Marijuana Business News

Walmart pulls plug on all e-cigarette sales as vaping crisis roils marijuana industry

Walmart said Friday that it will stop selling electronic cigarettes at its namesake stores and Sam’s Clubs following a string of mysterious illnesses and deaths related to vaping. Walmart’s decision comes in the wake of?the U.S. Food and Drug Administration (FDA) launching a criminal investigation into the vaping health crisis, bringing added scrutiny to the […]

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Wisconsin lawmakers introduce bill to legalize medical cannabis

Three legislators introduced a bipartisan bill that would legalize medical marijuana in Wisconsin, creating a licensing system for growers, processors and sellers. Sens. Jon Erpenbach and Patrick Testin along with Rep. Chris Taylor introduced the bill Friday. Erpenbach and Taylor are Democrats. Testin is a Republican. The bill faces an uphill fight in the Republican-controlled […]

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Cresco Capital backs $25 million funding of CPG marijuana firm

Los Angeles-based Future State Brands, a consumer brands cannabis holding company, received $25 million of funding led by Cresco Capital Partners. Future State Brands has a portfolio of hemp, THC and CBD brands in a variety of sectors including beverage, clothing and cosmetics. The proceeds will be used by the holding company for product development […]

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Vape crisis continues, federal cannabis bill moves, Utah licenses & more

State regulators from across the country react to the vaping crisis, a federal marijuana banking bill sees movement, Utah ups its medical cannabis licensing opportunities –?and more of the week’s top marijuana business news. States’ responses to vaping crisis State regulators nationwide have begun responding in earnest to the vaping illness epidemic, which now stands […]

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New Hampshire lawmakers override governor’s medical cannabis veto

Certified New Hampshire patients soon will have the ability to buy medical marijuana even if they haven’t had the same doctor for three months – a development that could provide a sales boost to the state’s small MMJ market. Republican Gov. Chris Sununu?vetoed a bill last month to eliminate the waiting period, but both the […]

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Marijuana industry veteran Vo leaves CEO job at BioTrackTHC

Patrick Vo exited his job as CEO of BiotrackTHC after resigning from the board of is parent company, Helix TCS. For more than seven years, Vo was an executive at Florida-based BioTrackTHC, a seed-to-sale software provider, most recently serving as CEO and president. Colorado-based Helix TCS acquired BioTrackTHC in June 2018. Helix is involved in […]

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Phoenix authorities bust cannabis vape operation

Law enforcement authorities found about 1,100 packaged vape cartridges in a raid of a suspected marijuana and THC vape cartridge operation in north Phoenix. The raid comes as hundreds of illnesses and seven deaths across the country are being linked to e-cigarettes and marijuana vaping devices, in both the legal and illegal markets. The?vape cartridges […]

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New Mexico balks at issuing medical cannabis cards to nonresidents

New Mexico health officials are refusing to issue medical marijuana identification cards to out-of-state residents, despite a recent judge’s order. Providing MMJ identification cards to nonresidents could give the state’s medical cannabis sales a shot in the arm. The Albuquerque Journal reported that the state Department of Health asked a state judge to reconsider a […]

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MJ Freeway marijuana tracking software crashes in Pennsylvania

Medical marijuana retailers in Pennsylvania reported that MJ Freeway’s seed-to-sale traceability system went down for more than an hour during a software update earlier this week, resulting in patients being turned away and significant amounts in lost sales. The Philadelphia Inquirer reported that dispensaries across the state on Tuesday were unable to conduct sales for […]

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Capitalizing on marijuana markets with limited rivals: Q&A with Tilt Holdings interim CEO Mark Scatterday

Cannabis cultivation companies with a foothold in “constrained” markets – those with relatively few licenses such as Massachusetts – have a natural advantage, thanks to limited competition and marijuana supplies. Massachusetts-based Tilt Holdings is one such company. Tilt has multiple businesses that, among other things, offer cannabis-related technology and operate cultivation centers and retail stores […]

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