Prices for Colorado wholesale cannabis flower firm up in response to fewer growers, healthy demand

(This is the fifth in a series of stories from Marijuana Business Daily examining wholesale prices in U.S. recreational marijuana markets. Part 1 covered Nevada, Part 2 Washington state, Part 3 Oregon and Part 4 California.) Colorado cannabis cultivators report strong prices for wholesale flower, reflecting healthy demand and fewer growers after competition forced out weaker operators. <!– if (!window.AdButler){(function(){var s […]

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California unions ask state’s Democrats to shut out major cannabis trade group

The California Cannabis Industry Association might have a serious political problem in Sacramento. Representatives from three labor unions – the United Food and Commercial Workers Western States Council, two Teamsters locals and the California Labor Federation – sent a letter to state Democrats on Wednesday asking lawmakers to shut the CCIA out of future political […]

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Taxes a big factor behind the financial woes of California marijuana companies

The tax man is not popular in business circles, but that’s even more true in the cannabis industry. Particularly in California. Federal and state tax bills have become a major factor in the widening cash crunch that’s been developing in the California marijuana market for months, a trend that’s gotten so dire that many in […]

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California wholesale marijuana flower prices holding steady on lack of licenses, growing demand

(This is the fourth in a series of stories from Marijuana Business Daily examining wholesale prices in U.S. recreational marijuana markets.Part 1 covered Nevada, Part 2 Washington state and Part 3 Oregon.) California cannabis growers report a favorable wholesale market with increasing demand despite a lack of retail outlets and continued opposition to legal recreational […]

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Medicine Man Technologies buying five Colorado cannabis stores

(The headline on this story has been updated to clarify that Medicine Man Technologies is making the acquisition.) Denver-based Medicine Man Technologies, a vertically integrated marijuana retailer, announced Tuesday it’s acquiring five Colorado cannabis shops from Starbuds in a $31 million cash and stock deal. The companies entered into a binding term sheet that calls […]

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