Marijuana Business Daily

Canadian cannabis operator Organigram acquires Motif Labs’ house of brands

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5 days ago

December 6, 2024

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Organigram Holdings – a Canadian cannabis licensed producer with operations in Moncton, New Brunswick, Lac-Supérior, Quebec, and Winnipeg, Manitoba – acquired Motif Labs for 90 million Canadian dollars ($63.6 million), according to a news release.

Motif Labs, based in Aylmer, Ontario, produces cannabis concentrates, extracts, topicals and vapes.

The company’s Boxhot line of cannabis vape products is Canada’s No. 1-selling brand in the vape category for 2024, according to Seattle-based cannabis data firm Headset.

Other Motif brands include Boondocks, Debunk, Floe State and Rizzlers.

Organigram paid CA$50 million ($35.3 million) in cash and CA$40 million in Organigram shares to acquire 100% of the issued and outstanding shares of Motif Labs.

Motif Labs shareholders could

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Massachusetts regulators unveil plans for marijuana consumption spaces, licensing

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1 day ago

December 10, 2024

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Massachusetts regulators are crafting rules and regulations for marijuana consumption spaces and plan to complete the process by mid-2025.

The state’s Cannabis Control Commission (CCC) recently unveiled several potential business enterprises, including Amsterdam-style cafes, tasting rooms and marijuana-friendly special events, according to Boston TV station WHDH.

The proposals are expected to be released next week and then go through an informal comment period for a full month when businesses, advocates and others will have an opportunity to weigh in.

The CCC then will update regulations to reflect the commentary and ultimately hold a public hearing, followed by a formal public comment period, the Boston Herald reported.

Under the proposals, the three license types include:

A supplemental social consumption license to allow

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Best of MJBiz Awards include Hall of Fame inductee Nancy Whiteman

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5 days ago

December 6, 2024

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MJBiz on Friday inducted the newest member to its Hall of Fame and honored three companies during the Best of MJBiz Awards ceremony at The Hub section of the exhibit floor at the Las Vegas Convention Center.

Nancy Whiteman, founder of Boulder, Colorado-based infused edibles manufacturer Wana Brands, is the third member of the MJBiz Hall of Fame, an honor introduced at MJBizCon 2019 and revived this year during MJBizCon Week.

“I have to laugh because I’m considered to be one of the really old-timers in the industry with 14 years,” she said while accepting the award.

Whiteman made one of the most successful exits in the history of the regulated cannabis industry.

In 2021, Canada’s Canopy Grown Corp. purchased an option to

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MJBizCon panelists issue cannabis industry predictions for 2025

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1 week ago

December 4, 2024

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LAS VEGAS – Hearings to reschedule marijuana began only this week, but the cannabis industry should look for the U.S. Drug Enforcement Administration to reclassify the plant in 2025.

That’s the prediction that MJBizDaily political reporter Chris Roberts made Wednesday during the annual “State of the Industry” general session at MJBizCon, the world’s largest B2B cannabis industry event.

“I think rescheduling does happen – I think it happens sometime in 2025,” Roberts said on stage at the Las Vegas Convention Center.

Moving marijuana from Schedule 1 of the Controlled Substances Act – a category reserved for substances with no accepted medical use and high potential for abuse – to Schedule 3 would exempt regulated cannabis operators from the burdensome Section 280E of the Internal

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