Weedmaps makes good on pledge to drop rogue cannabis shops

IRVINE — Facing massive fines from state regulators, Irvine-based Weedmaps has taken major strides toward fulfilling its pledge to drop ads for illicit cannabis shops from its online directory, cutting about 2,700 rogue stores from its site since the start of this year. The company’s long-awaited move to follow state…

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Why are Cannabis Companies so Bad at Forecasting Their Numbers?

Are Marijuana Companies “Bad at forecasting” as Some Analysts Say? Chief Executive Sebastien St.-Louis, a Cannabis Industry Exec recently said, “If you ever hear me say something and not deliver, you have to call me out.” Apparently, Bill Kirk (an analyst at MKM Partners) did just that, as reported on…

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“The boom is over”: Colorado cannabis growers hope volatile wholesale market is stabilizing

Entrepreneurs who broke into Colorado’s cannabis industry at the ground level — the growers — have endured economic whiplash over the last two years as the market for wholesale flower experienced volatile swings in price. The average market rate slumped to a low of $ 759 per pound in 2018…

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