MJBiz Acquired by Emerald Holding for $120 million

Denver-based MJBiz, well known for its online B2B news and business content, has been acquired by Emerald X. Emerald is a subsidiary of Emerald Holding, a media and event company based in New York, and acquired MJBiz for a total of $120 million.

The acquisition includes MJBizCon, MJBizDaily, Hemp Industry Daily, MJBiz Magazine as well as The Emerald Conference, which MJBiz acquired back in 2020. According to Hervé Sedky, Emerald’s president and CEO, this acquisition will greatly benefit his company. “We have long admired MJBiz’s sterling reputation for being the most trusted event and content producer serving the business side of the cannabis and hemp industries and their respective participants. MJBiz’s leading event and content portfolio coupled with their 365-day engagement platform, which connects the entire cannabis supply chain, will diversify our collective product offerings, enhance our growth profile and enable us to deliver even greater value to our customers over the long term.”

MJBiz’s CEO Chris Walsh also shared that this move represents the cannabis industry’s growth. “This really highlights the rapidly growing interest in cannabis from all corners of the business world, the market’s vast potential and the success of not only MJBiz, but also of the entire industry,” Walsh said. “We’re seeing these types of deals across cannabis as pioneering companies such as ours level up to more effectively tap and foster the industry’s next wave of growth.”

MJBizCon’s most recent event was held in October 19-22, 2021, and attracted approximately 27,000 attendees and 1,200 exhibitors at the Las Vegas Convention Center in Nevada. The event boasts that it’s one of the largest and long-lasting cannabis business events, and will be celebrating its 11th year of operation in 2022 with the expectation that attendance will reach up to 30,000. Tentatively, the event date is set November 15-18, 2022. The Emerald Conference is slated to occur between February 27-March 1, 2022.

Emerald works on over 142 events and 16 media projects that cover a wide variety of markets, including design, equipment, retail, safety and security, and technology. The Outdoor Retailer Snow Show, International Pizza Expo, Modern Day Marine, Retail Innovation Conference & Expo, Las Vegas Antique Jewelry & Watch Show, to name just a few events, are all hosted by Emerald.

According to MJBizDaily, the current team of about 40 people will continue working under its new company ownership, while Emerald employs over 600 people. CEO Chris Walsh, Senior Vice President of Events and Sales Jess Tyler and Senior Vice President of Content and Audience Development Pam Moore have been confirmed to continue working as part of MJBiz’s day-to-day activity.

Co-founders Cassandra Farmington and Anne Holland will also continue to consult. MJBiz Co-founder Cassandra Farmington is confident that MJBiz being absorbed into another will only strengthen both companies. “Our organization has experienced massive growth since its inception, initially as a how-to resource to help dispensary owners run their businesses better, into our position today as the leading commercial resource for the cannabis sector,” Farmington said. “Integrating with a larger organization provides the additional resources and channels to unlock the next phase of MJBiz’s growth and is the right next step in our evolution as a business. We chose Emerald because they clearly value the unique aspects of our brand and are committed to serving the industry’s expansion.”

Aside from the $120 million acquisition amount, but MJBiz notes that the earnout is based on future financial performance calculated as “an amount equal to the average MJBiz EBITDA over the past two years minus $13 million—multiplied by 9.3.” Emerald’s Chief Financial Officer projects that this earnout could amount to somewhere between $30 million to $50 million in early 2023.

The post MJBiz Acquired by Emerald Holding for $120 million appeared first on High Times.

Episode 364 – A Tribute to Steve Fox

Betty Aldworth, Andrew Livingston, Jordan Wellington, and Mason Tvert join host Kris Krane to talk about the life and legacy of our friend and activist Steve Fox, who passed away at the age of 53 in April. Produced by Shea Gunther.

Photo: Nancy Lane/Boston Globe

Episode 363 – New York’s Big Marijuana Moves

Jeremy Berke joins host Ben Larson to talk about the rumored embrace of cannabis companies by the Toronto Stock Exchange, the substantial cannabis reform enacted in New York and the business opportunities soon to flow, and the latest news out of international cannabis. Produced by Shea Gunther.

Photo: Elsa Olofsson/Flickr

Wednesday, April 28, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Wednesday, April 28, 2021 | Curated by host Shea Gunther

// Louisiana Lawmakers Approve Marijuana Legalization Bill In Committee (Marijuana Moment)

// Montana Bill To Implement Marijuana Legalization Heads To Governor’s Desk (Marijuana Moment)

// Confirmed: Pennsylvania Is Crushing It In Cannabis (Green Market Report)


These headlines are brought to you by Agilent, a Fortune 500 company known for providing top-notch testing solutions to cannabis and hemp testing labs worldwide. Are you considering testing your cannabis in-house for potency? Agilent is giving away a FREE 1260 HPLC system for one year! If you are a Cultivator, processor, or cannabis testing lab you may qualify for this giveaway. Open up bitly.com/cannabis-contest to answer a few quick questions to enter to win!


// Minnesota Marijuana Legalization Bill Clears Ninth House Committee On Path To Floor (Marijuana Moment)

// Texas Lawmakers Approve Marijuana And Psychedelics Reform Bills (Marijuana Moment)

// Fire & Flower Q4 Revenue Increases 157% to $43.2 Million (New Cannabis Ventures)

// Valens Buys CBD Company In Deal Valued At $60 Million (Green Market Report)

// These License Plates Got the Highest Bids in Colorado’s Cannabis Vanity Plate Auction (Green Entrepreneur)

// Marijuana Packaging Recycling Bill Filed In New York Days After Legalization Takes Effect (Marijuana Moment)

// Seth Rogen Is Making Retro PSAs About How To Safely Consume Marijuana (Bro Bible)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: Stuart Seeger/Flickr

Tuesday, April 20, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Friday, April 16, 2021 | Curated by host Shea Gunther

// US House gives final approval to marijuana banking reform bill (Marijuana Business Daily)

// Schumer Worries Senate Marijuana Banking Vote Could Undermine Broader Legalization Push (Marijuana Moment)

// Washington Senate Replaces Drug Decriminalization Bill With Revised Measure To Reinstate Penalties (Marijuana Moment)


These headlines are brought to you by Cova Software, the number one dispensary point-of-sale system in North America! Swing over today to see why two thirds of all Canadian cannabis stores run on Cova software, which is also the fastest growing dispensary software in the U.S., with more than a hundred new client dispensaries open for business in January alone!


// Border weed: How the hometown of tater tots became a cannabis capital (Politico)

// Jushi Enters Massachusetts Market with $110 Million Acquisition (New Cannabis Ventures)

// Rep. Dave Joyce introduces bill to let VA prescribe medical marijuana (Cleveland.com)

// Controversial Florida medical marijuana bill ‘effectively dead’ (Tampa Bay Times)

// Arizona issues 13 more licenses for marijuana dispensaries (KVOA 4 News NBC)

// Minnesota Marijuana Legalization Bill Approved By Seventh House Committee (Marijuana Moment)

// Nine In Ten Americans Support Legalizing Marijuana For Recreational Or Medical Use New Pew Poll Finds (Marijuana Moment)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: Shutter Ferret/Flickr

Friday April 9, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Friday, April 9, 2021 | Curated by host Shea Gunther

// Mexican Senators Weigh Yet Another Extension Of Marijuana Legalization Deadline (Marijuana Moment)

// California cannabis firm Glass House Group to be bought in $567M deal (Marijuana Business Daily)

// Canopy Growth to Acquire Supreme Cannabis for $435 Million in Stock (New Cannabis Ventures)


These headlines are brought to you by Atlantic Farms, a Maine-based multistate cannabis business with operations in Maine and Massachusetts. Atlantic Farms is looking for people to help it grow and evolve as investors. Open up TheAtlanticFarms.com for more on the company and email info@theatlanticfarms.com to learn about investment opportunities.


// Connecticut Governor Says Marijuana Legalization Will Be Decided By Voters If Lawmakers Fail To Enact Reform (Marijuana Moment)

// Delaware Marijuana Activists Stage Boycott Of Medical Dispensaries That Testified Against Legalization Bill (Marijuana Moment)

// Verano Holdings Reports 2020 Pro Forma Revenue Grew 196% to $355 Million (New Cannabis Ventures)

// KushCo Holdings Q2 Revenue Increases 23% Sequentially to $32.9 Million (New Cannabis Ventures)

// Maine Lawmakers File Bill To Decriminalize Possession Of All Drugs (Marijuana Moment)

// Texas Lawmakers Unanimously Approve Medical Marijuana Expansion Bill In Committee (Marijuana Moment)

// Most Americans Think Marijuana THC and CBD Are the Same Chemical Poll Says (Newsweek)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: VV Nincic/Flickr

Tuesday April 6, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Tuesday, April 6, 2021 | Curated by host Shea Gunther

// Cops Can’t Arrest You For Smoking Marijuana On Sidewalks NYPD Says In Post-Legalization Memo (Marijuana Moment)

// New Mexico Takes First Step On Marijuana Implementation Before Governor Even Signs Legalization Bill (Marijuana Moment)

// Schumer says the Senate will act on marijuana legalization regardless of Biden’s position (Report Door)


These headlines are brought to you by MJToday Media, publishers of this podcast as well as our weekly show Marijuana Today and the most-excellent Green Rush Podcast. And check out our new show Weed Wonks!


// Mexico Marijuana Legalization Bill Clears Key Senate Committee With Floor Vote Expected This Month (Marijuana Moment)

// Recreational marijuana sales in Illinois smash record in March – $109 million (Chicago Tribune)

// Trulieve Buys Keystone Shops In $60 Million Deal (New Cannabis Ventures)

// Planet 13 Q4 Revenue Increases 22% From a Year Ago to $20.1 Million (New Cannabis Ventures)

// Jushi Completes $9 Million Nevada Acquisition ()

// D.C. Is ‘Ready’ To Legalize Marijuana Sales As Soon As Congress Gets Out Of The Way, Mayor Says (Marijuana Moment)

// Colorado Is Auctioning Marijuana-Themed License Plates To Raise Money For People With Disabilities (Marijuana Moment)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: Adrian Owen/Flickr

Tuesday, March 30, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Tuesday, March 30, 2021 | Curated by host Shea Gunther

// New York Lawmakers May Vote For Legalization On Tuesday (Green Market Report)

// New Mexico GOP Senator Circulates Draft Marijuana Bill Ahead Of This Week’s Special Session (Marijuana Moment)

// Mexican Senate Will Pass Marijuana Legalization Bill As Revised By Deputies Top Lawmaker Says (Marijuana Moment)


These headlines are brought to you by MJToday Media, publishers of this podcast as well as our weekly show Marijuana Today and the most-excellent Green Rush Podcast. And check out our new show Weed Wonks!


// Virginia gets real on legalization aims to move up start date to 2021 (Leafly (AP))

// Ohio’s growing medical marijuana market poised to reach $400 million in sales a year (Marijuana Business Daily)

// Ayr Wellness Buys Garden State Dispensary For $101 Million (Green Market Report)

// New Bill Would Scrap Controversial Changes To Maine Medical Marijuana Program (Marijuana Moment)

// Kansas Lawmakers Approve Medical Marijuana Legalization Bill Clearing It For Floor Vote (Seven Days VT)

// Scott Announces Picks for Vermont’s Cannabis Control Board (Boston Globe)

// Can landlords really ban marijuana edibles? Usually not but that hasn’t stopped them from trying ()

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: Wadester16/Flickr

Friday, March 19, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Friday, March 19, 2021 | Curated by host Shea Gunther

// Marijuana Banking Bill Reintroduced In Congress With Broad Bipartisan Support From More Than 100 Lawmakers (Marijuana Moment)

// Schumer Marijuana Bill Will Stop Big Alcohol And Tobacco From Dominating Market He Says (Marijuana Moment)

// ‘It’s inevitable’: Delaware lawmakers introduce bill once again to legalize marijuana (WDEL News)


These headlines are brought to you by MJToday Media, publishers of this podcast as well as our weekly show Marijuana Today and the most-excellent Green Rush Podcast. And check out our new show Weed Wonks!


// California’s provisional marijuana licensing crisis resurfaces possibly disrupting thousands of MJ companies (Marijuana Business Daily)

// Cresco to Buy Massachusetts Cannabis Operator Cultivate for $90 Million With Additional Potential Earnout (New Cannabis Ventures)

// Ontario Cannabis Store appoints sixth president in three years raising industry concern (Marijuana Business Daily)

// Hexo Turns In Solid Quarter As Stock Jumps On The Earnings (Green Market Report)

// Canadian cannabis producer Canopy Growth borrows $750 million (Marijuana Business Daily)

// Marijuana real estate merger creates firm worth $435 million in assets cash (Marijuana Business Daily)

// Bipartisan Senate Bill Would Give Marijuana Businesses Access To Insurance Coverage (Marijuana Moment)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: Kevin Harber/Flickr

Thursday March 18, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Tuesday, March 16, 2021 | Curated by host Shea Gunther

// Congressional Marijuana Banking Bill Will Be Reintroduced On Thursday (Marijuana Moment)

// New Mexico Marijuana Legalization Bill Heads To Senate Floor Following Contentious Committee Hearing (Marijuana Moment)

// Schumer Weighs In On New York Legal Marijuana Talks Applauding Legislature And Snubbing Cuomo (Marijuana Moment)


These headlines are brought to you by Cova Software, the number one dispensary point-of-sale system in North America! Swing over today to see why two thirds of all Canadian cannabis stores run on Cova software, which is also the fastest growing dispensary software in the U.S., with more than a hundred new client dispensaries open for business in January alone!


// Montana’s legalization plan: Homegrow bans THC caps 20% taxes. Yay? (Leafly)

// Regulators crack down on Michigan credit unions marijuana banking (Marijuana Business Daily)

// Field Trip Closes On $95 Million Supersized Offering (Green Market Report)

// Sundial Reports Full Year and Fourth Quarter 2020 Financial and Operational Results (Cision PR Newswire)

// Green Thumb Industries Reports Solid Quarter Beats Estimates (Green Market Report)

// GrowGen Makes Seventh Acquisition And It’s Only March (Green Market Report)

// New Hampshire’s Medical Marijuana Dispensaries Now Support Letting Patients Grow Their Own (Marijuana Moment)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: kidTruant/Flickr