4Front Holdings, a cannabis investor-turned-multi-state operator engaging in the cultivation, distribution, and retail of cannabis, has closed a $31m venture round. This brings its total funding to over $50 million.
As Canada ushered in legal cannabis consumption last week, many consumer products companies and retailers are wondering whether delving into the space will be worthwhile. The answer is probably yes, according to a new report.
Grassroots Cannabis operates in seven states and plans to add two more states to its roster by the end of the year, as a vertically integrated grower, processor and retailer of branded cannabis products.
The cannabis industry has become a major headliner in recent news with the dramatic increase in the share price of cannabis companies with commentators asking if the industry is heading for a dot.com bubble style burst.
“Delivering a predictable and repeatable safe experience is one of the biggest challenges for cannabis edibles often resulting in consumers having a bad experience from consuming too much THC, according to Trait CEO.
Some of the best-funded cannabis startups are in ecommerce, supply chain management, and retail operations, but if keeping a steady supply is indeed a primary concern for this young industry, investors will need to turn their attention toward the more agriculture-focused end of the cannabis startup spectrum.
There is a somewhat popular opinion in cannabis investor circles that mainstream investor hesitation is a good thing for dedicated cannabis investors, but the status quo can’t last forever if legal cannabis is to grow as much as supporters would like.
As several US make progress toward legalizing cannabis, the federal government makes motions towards stricter enforcement of the federal cannabis ban, plus more news from the agrifood industry in this week's brief.
Every year, grocery retailers and food media put out trend lists for the coming year, predicting what’s going to be big in food. A careful look at these lists can help us predict, not what technologies are going to get a vote of confidence from VCs and investors - but rather, which technologies are going to have the attention of consumers in the year ahead.