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A Canadian cannabis honcho could be heading to the U.S., pot tourism is on the rise, and Americans spent serious green on the Fourth of July.
Welcome to the Cannabiz Countdown, your weekly rundown of the biggest news in the cannabis business.
- Bruce Linton, founder and co-CEO of the world’s largest cannabis company, Canopy Growth, was fired last week after falling out of favor with the Canadian company’s board. His non-compete says he can’t work in Canada, making the U.S. a likely landing spot.
- As more states legalize the use of cannabis, entrepreneurs are organizing painting classes, bus tours, food classes and other marijuana-infused experiences for travelers, reports the New York Times. Regulations abound, however, so check local laws.
- Legal weed is taking its place with beer, hot dogs and fireworks as a July 4th staple. According to sales data, nationwide sales spiked to $400 million — or 60 percent above average — during the week leading to Independence Day.
That’s it for this week, be sure to check out Green Entrepreneur for all the latest cannabiz news.
Watch last week’s Cannabiz Countdown: Illinois Legalizes Adult-Use Marijuana (60-Second Video)
July 10, 2019 at 08:09AM