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High Times parent buys Moxie’s California marijuana business

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The parent company of cannabis brand High Times has signed a definitive agreement to acquire the multistate Moxie California operations.

 According to a press release, Los Angeles-based Hightimes Holding Corp., under the agreement:

Moxie’s 11,000-square-foot manufacturing facility.

A 46,000-square-foot flowering canopy is capable of producing up to 3,500 pounds of dried flower and over 25,000 pounds of fresh frozen cannabis.

Exclusive 99-year license to use the Moxie, MX and HighNow brands in California.

Company, headquartered in Long Beach, will receive voting rights for approximately 1.4 million shares of Hightimes common stock.

According to the press release, Moxie will retain its operations in Pennsylvania, Missouri and Utah, “as well as ownership and management of the brand outside of California.”

The acquisition comes three years after Moxie closed a $310 million deal to Ohio-based Green Growth Brands.

But the deal fell through, and company filed a lawsuit in 2022 under the name MXY Holdings.

“With our current store platform, we believe this acquisition will create synergies for the Moxie brand and provide a good home for their branded products in California,” High Times CEO Paul Henderson said in a statement

Jordan Lams, CEO and founder of Moxie, said: “…we are confident in (High Times)’s ability to continue Moxie’s upward trend in California.

“This combination creates a vertically integrated business model that allows for more control and gives High Times the freedom to make product-driven decisions that we know will benefit the industry and provide recreational and medicinal cannabis users Provide the highest quality cannabis products.”Show Changes



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MJBizCon 2022:Thousands of cannabis professionals gather in Las Vegas

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MJBizCon, the world’s largest B2B cannabis event, returned to the Las Vegas Convention Center this morning. The 11th annual MJBizCon kicked off Wednesday morning, welcoming tens of thousands of cannabis professionals to the industry’s premier event. Despite tough economic conditions, industry growth pains and geographic regulatory hurdles, overall sentiment remains cautiously optimistic as the industry matures.

Chris Walsh, CEO and founding editor of MJBiz, addressed MjBizCon attendees with his long-awaited “State of the Industry and Predictions to 2023.”

  1. Commonwealth Bank reforms to come into effect in 2023
  2. New York will struggle to curb the illegal market when adult-use is introduced
  3. Massive consolidation in major markets including Michigan and California
  4. Biden administration will make real progress on marijuana planning or rescheduling
  5. Two more states have legalized marijuana, likely Ohio, Pennsylvania or Minnesota

“There is still much to celebrate in this growing market, such as legalization in NSW and potential federal reform,” Walsh said at MjBizCon. “It’s easy to get lost in all the challenges and growing pains of today, but there is still exciting industry growth and opportunity ahead in the long run. A green wave won’t be enough in these economic conditions.”

“Overall, I’m cautiously optimistic. Some of the big players in the industry will be acquired or taken over. Looking ahead, new players will emerge,” concluded Walsh at MjBizCon intro. “As the industry becomes more mainstream and federal reforms emerge, we’ll see big names in retail, consumer products, agriculture and technology come into play.

About MjBizCon

MJBiz is the leading B2B resource for the cannabis industry. Founded in 2011, it is the most trusted publisher and event organizer serving entrepreneurs and investors in the global cannabis industry. MJBiz presents MJBizCon, the longest-running and largest cannabis trade show in the world. The 2015-2019 events were all listed on Trade Show Executive’s Fastest 50 list and on the Gold 100 list of America’s largest trade shows. The 2023 event returns to Las Vegas, November 29-December 1, 2023.



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Marijuana Business: 3 Essential Books to Get Started in the Cannabis Industry

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The cannabis industry is undoubtedly one of the most dynamic and interesting in the world today. The growing policies of legalization of medicinal CBD and THC products have fueled the emergence of a true revolution throughout the world.

But sometimes it is difficult to find good guides to start in the legal cannabis business.

Whether you want to open your own dispensary, know how to invest in marijuana companies, or learn first-hand how businesses work, today we are going to recommend the 3 essential books about cannabis business that you should not miss.

The Business of Cannabis: Blueprint To a High Income

“The Business of Cannabis” by Jared Kesselman

A roaring green market lies ahead in the legal world of cannabis. Jared Kesselman, an insider who has spent his entire career in this field, reveals the business of cannabis in a frank and direct way that marks his mentoring style. His expertise from 20 years in the game covers every corner of the industry. He lays out the principles, strategies, experience, and wisdom, upon which you can build a successful cannabis kingdom.

Jared ushers you inside his world of green with fascinating, instructive personal stories, and nuts-and-bolts business deals. Whether you choose to grow, manufacture, distribute, build a brand, or operate a dispensary, everything you need to win is right here. This market is booming and it’s just getting started. Now is the time to get in on this dynamic industry, and The Business of Cannabis is just the blueprint you need to succeed.

The Investor’s Guide to Cannabis Stocks

“The Investor’s Guide to Cannabis Stocks” by Dr. James V. Baker

If you are either invested in or thinking about investing in cannabis stocks you need to read this book. It identifies and evaluates publicly traded cannabis companies, ETFs, and SPACs. It ranks these cannabis stocks from the cheapest to the most expensive by applying generally accepted valuation metrics.

The same metrics are also applied to growth and value stocks to show how cannabis stocks rank relative to other well-known stocks. This book enables you to make informed decisions about which stocks offer the best investment value.

Cannabis Business Startup: Easy and complete beginner’s guide to legally start, run and grow your successful cannabis business

“Cannabis Business Startup: Easy and complete beginner’s guide to legally start, run and grow your successful cannabis business” by David Light

The third book on our list is the perfect guide for all those people who may not have the profile of an experienced investor or entrepreneur, but who want to start from scratch in the marijuana industry. The book is written in a concise, simple language, and, what is more important: Step by step.

Throughout this guide you will be able to understand all the legal bases of the industry, and know the types of licenses to know how to set up a dispensary, or invest in cannabis businesses. It is without a doubt one of the best books we know on this subject, and suitable for all levels of entrepreneurship, from people who have just started, to those with business notions and previous experience.

But if all of you are still looking for more information and books about the cannabis industry, then we recommend you visit our online bookstore.

Here you will find dozens of books on business, CBD oil, therapeutic uses of marijuana, recipes… and even coloring books for adults!

– Advertisement –THC University



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Custom Cannabis Financing in an Off-the-rack World – Cannabis Business Executive

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Custom Cannabis Financing in an Off-the-rack World – Cannabis Business Executive – Cannabis and Marijuana industry news


















































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