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Chart: US wholesale cannabis prices end 2019 firm, then fluctuate in first four months of 2020

Wholesale cannabis prices ended 2019 on a strong note across the United States – good news for growers after a brutal 2018 – but the first four months of 2020 have provided far less certainty for cultivators. According to the U.S. Spot Index from Cannabis Benchmarks, prices peaked in mid-February. Since then, the volume-weighted average […]

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Marijuana firm iAnthus’ CEO steps down after investigation into undisclosed personal loans

Hadley Ford resigned as CEO and a director of multistate cannabis operator iAnthus after a company investigation found he failed to disclose two loans totaling $160,000 in what was determined a “potential or apparent” conflict of interest. The announcement Monday comes in the wake of New York-based iAnthus defaulting on a $4.4 million interest payment […]

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Week in Review: Federal cannabis aid, California social equity, Brazil medical marijuana & more

Marijuana lobbyists and a group of lawmakers are continuing their fight to include cannabis-related businesses in coronavirus relief packages. MJBizDaily takeaway: The marijuana industry is a significant contributor to state economies across the country. But because the plant is illegal federally, it remains an uphill fight to allow the businesses to be eligible for federal coronavirus […]

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Livestreaming, digital ads help cannabis businesses keep their brands on consumers’ minds

Many marijuana brands have relied on in-store pop-ups and educating budtenders about their products to reach consumers. But as cannabis customers increasingly order products online for delivery or pickup – and with the expectation that these habits will persist after the coronavirus pandemic is under control – marijuana brands should consider more direct ways to reach […]

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California offers marijuana firms tax-related help to cope with COVID-19 fallout

California’s struggling cannabis industry, beset with high compliance costs and taxation, is in line to benefit from new state guidelines enacted to help businesses survive the global coronavirus pandemic. The assistance – a mix of extensions, relief and deferrals – is a lifeline that can allow many marijuana companies to maintain operations and meet payroll, […]

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