Featured Marijuana Business & Cannabis Industry News

Paraguay issues details covering application process for cannabis business permits, with established labs gaining an edge

Paraguay issued detailed guidelines governing the business licensing system for its new medical cannabis program, including the application process for companies hoping to secure a production license. A speedy application timeline – applications must be filed this month – suggests that authorized pharmaceutical laboratories will have an inside edge in winning a production permit. The […]

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Defying early expectations, wholesale cannabis flower market remains unaffected as vaping health crisis continues

The outbreak of the vaping health crisis fanned speculation that marijuana consumers would forego vape products and shift to other merchandise such as flower and pre-rolls. But wholesale cannabis flower producers aren’t reporting a dramatic impact on pricing in the wake of the vaping crisis. And marijuana retailers are reporting a mixed bag regarding the impact […]

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$400M invested in Colombia cannabis industry, official tells Latin American Cannabis Symposium

Over $400 million has been invested in Colombian medical cannabis so far, and the country is in the early innings of an industry with massive potential, a Colombian government official said Monday. Juliana Villegas Restrepo – vice president of exports at ProColombia, a government agency in charge of promoting Colombian non-traditional exports – told MJBizCon’s inaugural […]

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Latin American Cannabis Symposium kicks off, focusing on region’s business opportunities and growth prospects

MJBizCon’s inaugural Latin American Cannabis Symposium kicks off in Bogotá on Monday at a time when expectations are high that this region will emerge as a low-cost marijuana cultivation juggernaut. More than 500 marijuana industry entrepreneurs, investors and executives from 20 countries are attending the two-day conference at the Grand Hyatt Bogotá. In addition from Latin […]

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CDC reports majority of patients sickened in vape epidemic used marijuana vaporizer devices – many from illicit market

Health officials reported on Friday that the majority of those sickened in the vaping health crisis used cannabis vape products containing THC, and many of those in the first two states to report illnesses – Illinois and Wisconsin – said they used counterfeit marijuana products from the illicit market, not licensed MJ companies. The revelations, […]

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After the SAFE vote in US House, here’s what you need to know about the current state of banking in the marijuana industry

The U.S. House of Representatives’ vote approving legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of reprisal is a milestone for the cannabis industry. Nevertheless, the 321-103 House vote is but another step on a long and often bumpy legal road toward changing how […]

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