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MedMen cut 85 employees in March as the California cannabis retailer...
Cannabis retailer MedMen let go of 85 employees in March, filings reveal.The company also made six hires, for a net loss of 79 employees.MedMen is in the midst of a months-long restructuring process in...
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Cannabis investors have raised nearly $3 billion in 'blank check' money to...
Investors targeting the cannabis industry are turning to special purpose acquisition companies, or SPACs, to chase down cannabis deals.Most traditional investors, like pension-backed venture capital or...
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San Francisco's mayor is warning pot-smokers to stay away from the city on...
San Francisco mayor London Breed announced Monday that anyone who chooses to celebrate 4/20 in Golden Gate Park amid the coronavirus pandemic would be cited or arrested. "4/20 will not be tolerated...
View ArticleHow marijuana company Lowell Herb Co. makes 4 million joints a year
Lowell Herb Co. is one of the largest retailers of pre-rolled joints in California. It sells over 4 million pre-rolls a year along with jarred flower.We visited the Lowell Herb Co. factory in Los...
View ArticleHow did CBD oil become a $1 billion industry?
CBD stands for cannabidiol, and it's part of the cannabis plant from which we also get marijuana.However, this component isn't intoxicating like THC and it's believed to have therapeutic properties. We...
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1,700 soldiers in Alabama were drug tested a day after 4/20, but the Army...
Despite social-distancing guidelines, about 1,700 soldiers at Fort Rucker in Alabama were called together for a drug test on Tuesday.The test came a day after 4/20, a date associated with marijuana,...
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Here's how 4/20 became a holiday for cannabis consumers
420 is something of a holiday for cannabis consumers.The number has expanded to encompass all things that those in the marijuana community hold dear.And it all started as an inside joke among a group...
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A Washington art gallery is selling paintings made by a dog — and they come...
It's illegal to sell marijuana in Washington, DC, but businesses can still give it away for free. Two entrepreneurs used that loophole to start their own "art gallery" in which they sell paintings made...
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Cannabis firm Aurora's stock jumps 19% in pre-market trading as sales surge...
Aurora Cannabis, a Canadian marijuana business, posted an 18% increase in third-quarter revenue on Thursday, as sales surged during the coronavirus pandemic.Aurora achieved a greater-than-expected...
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Weed sales are skyrocketing. Check out what it's like to get it delivered to...
Cannabis sales shot through the roof during the coronavirus pandemic with legalized states seeing a bump in business and delivery becoming more popular.Eight out of eleven states with legalized...
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CULTIVATED: We're back! — The rise of cannabis SPACs — Top psychedelics startups
Welcome back to Cultivated, our weekly newsletter where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to...
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An inside look at Eaze's latest pitch deck reveals vastly scaled back...
Business Insider took a deep dive into cannabis startup Eaze's financial projections from 2017 to the present.Internal documents and interviews reveal the once-brash startup's vastly scaled-back...
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We got a look at Eaze's 2020 pitch deck, which shows vastly scaled back...
Eaze was once a darling of cannabis and cannabis-curious investors.In 2017, as California transitioned from a medical to adult-use market and other states seemed on the cusp of doing the same, venture...
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The world's largest marijuana company craters 22% as recreational pot demand...
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates.The coronavirus pandemic took a toll on the Canadian...
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Cannabis startup Caliva laid off 20 employees, including a top retail exec,...
The cannabis startup Caliva laid off 20 employees from its corporate office on March 30, the company confirmed.The cuts mostly affected employees in the retail-management division and included...
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CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for...
Welcome to Cultivated, our weekly newsletter where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to get it...
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Cannabis giant Canopy Growth's new CEO told us he's reining in the company...
David Klein, the former CFO of Constellation Brands, took over the top job at Canopy Growth in January.His first quarter leading one of the world's largest cannabis companies was a tough one: Canopy...
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Top cannabis analysts share why they're getting more bullish on the industry...
Despite a tough year for the industry, followed by the bigger economic downturn as a result of the coronavirus pandemic, analysts said they're optimistic about the cannabis market today.According to...
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From execs to budtenders, over 3,100 people have lost their jobs in cannabis....
Cannabis companies have been hit with a wave of layoffs, amounting to well over 3,100 jobs lost across both startups and public companies.The job cuts come amid a broader downturn in the sector, and...
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The top 7 law firms in cannabis, according to investors, startups and major...
Cannabis has been a growing market for both big and boutique law firms in recent years. That's in part because companies involved in cannabis often have to navigate the difficult grey areas that exist...
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