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Leading US marijuana firms list shares on Canadian stock exchange

Three top American cannabis firms made their trading debuts on the Canadian Securities Exchange (CSE) this week, continuing the frenzy of U.S.-based marijuana companies turning to Canada’s public markets to raise capital. Here’s a quick rundown of what investors need to know:   Multistate cannabis operator Acreage Holdings listed its shares under the ticker symbol ACRG.U […]

Leading US marijuana firms list shares on Canadian stock exchange is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/us-cannabis-firms-list-shares-canadian-stock-exchange/

Michigan medical cannabis shortage might result in dispensary shutdowns

A lack of medical marijuana in Michigan could potentially result in the state’s approximately 40 licensed dispensaries shuttering their businesses until spring. Cannabis cultivators in the state didn’t start getting permits to grow until August, and that means a larger supply of licensed MMJ won’t be available in the state until next year when more […]

Michigan medical cannabis shortage might result in dispensary shutdowns is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/medical-cannabis-supply-shortage-michigan-shutdowns-licensed-dispensaries/

Gubernatorial win could mean Kansas push toward medical marijuana legalization

The election in Kansas of Democrat Laura Kelly earlier this month puts a medical marijuana supporter in the state’s governor’s seat, and she recently said she senses “some momentum” among legislators to legalize MMJ with strict regulations, The Wichita Eagle reported. MMJ bills have been considered without success for years in Kansas, even though some […]

Gubernatorial win could mean Kansas push toward medical marijuana legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/gubernatorial-win-could-mean-kansas-push-toward-medical-marijuana-legalization/

Attorney: Utah medical cannabis compromise ‘undermines’ voters’ decision

A pair of pro-marijuana groups in Utah accused the Mormon church of “extreme undermining” with regards to a medical cannabis ballot measure. The letter, sent by attorney Rocky Anderson on behalf of the groups Together for Responsible Use and Cannabis Education (TRUCE), and the Epilepsy Association of Utah, accuses the church of trying to interfere […]

Attorney: Utah medical cannabis compromise ‘undermines’ voters’ decision is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/attorney-utah-medical-cannabis-compromise-undermines-voter-approved-measure/

Israel advances medical marijuana export law in ‘huge leap for industry’

An Israeli government committee approved the first draft law on the export of medical cannabis, an important step toward the government’s long-delayed plan to foster an MMJ export industry. The draft law was vetted by the Internal Affairs Committee, headed by Yoav Kish, and now moves to the Knesset – Israel’s Legislature – where lawmakers will […]

Israel advances medical marijuana export law in ‘huge leap for industry’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/israel-medical-cannabis-export-law-huge-leap-for-industry/

Week in Review: OR cannabis firms owe the tax man, Ohio nears MMJ sales & some MI cities ban rec marijuana businesses

Oregon cannabis businesses fall behind on their tax obligations, Ohio inches closer to launching its tardy medical marijuana program, and some Michigan cities are prohibiting adult-use MJ companies. Here’s a closer look at some notable developments in the marijuana industry this week. Oregon tax crunch Oregon marijuana businesses may owe the state up to $15.7 […]

Week in Review: OR cannabis firms owe the tax man, Ohio nears MMJ sales & some MI cities ban rec marijuana businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/oregon-marijuana-firms-owe-taxes-ohio-nearing-medical-cannabis-sales-michigan-local-mj-bans/

North Dakota taps two more firms to open medical marijuana dispensaries

North Dakota’s Health Department selected companies to open medical cannabis dispensaries in Grand Forks and Williston, and those companies now are invited to move forward with the registration process. It’s the latest development in the state’s ongoing efforts to set up a system for medical marijuana, which voters approved two years ago. Here’s what you […]

North Dakota taps two more firms to open medical marijuana dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/north-dakota-medical-marijuana-dispensaries/

Cannabis tech firm Eaze introduces CBD marketplace to reach over 40 states

San Francisco-based tech company Eaze launched an online marketplace, Eaze Wellness, to ship CBD products to 41 states across the U.S. and the District of Columbia. The driving force behind the move was seeing CBD sales more than double among the company’s customers last year, Sheena Shiravi, Eaze’s director of consumer communications, told Fortune. This marks the […]

Cannabis tech firm Eaze introduces CBD marketplace to reach over 40 states is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cannabis-tech-firm-eaze-online-cbd-marketplace/

Lawsuit throws German cannabis program into limbo; deadline delayed to Dec. 11

Another lawsuit challenging the application process to grow medical cannabis in Germany could throw the already-delayed domestic cultivation plans even further into a state of uncertainty.

In an update to the public tender, the German Federal Institute for Drugs and Medical Devices (BfArM) disclosed a lawsuit filed in the Dusseldorf Higher Regional Court (OLG Dusseldorf).

Lawsuit throws German cannabis program into limbo; deadline delayed to Dec. 11 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/lawsuit-throws-german-cannabis-program-into-limbo-deadline-delayed-again/

Proposed rule changes could have big impact on California’s cannabis businesses

The newest draft of California’s permanent marijuana business regulations could, if adopted, produce financial fallout and a licensing logjam for a variety of cannabis companies – from edibles makers and retailers to delivery businesses and growers. In particular, the proposed rules – released last month by state regulators – could: Shrink the revenues of companies […]

Proposed rule changes could have big impact on California’s cannabis businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/draft-rule-changes-ramifications-on-california-cannabis-businesses/

Cannabis business predictions take center stage at MJBizCon 2018

Three more states could prove likely candidates to legalize recreational cannabis in 2019. Uncle Sam may be poised to reform the nation’s marijuana laws. And annual medical marijuana sales in the United States are projected to drop for the first time in 2018 – but the decline is expected to prove short-lived. Those were just three […]

Cannabis business predictions take center stage at MJBizCon 2018 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cannabis-business-predictions-take-center-stage-at-mjbizcon-2018/

Wrigley chewing gum heir is new CEO of medical marijuana firm Surterra

Chewing gum billionaire William “Beau” Wrigley Jr. has been appointed CEO of medical marijuana company Surterra Wellness, a little more than two months after leading a $65 million funding round for the firm. Atlanta-based Surterra operates medical marijuana dispensaries and cultivation facilities in Florida as well as CBD dispensaries and grow operations in Texas. Wrigley is taking […]

Wrigley chewing gum heir is new CEO of medical marijuana firm Surterra is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/wrigley-chewing-gum-heir-is-new-ceo-of-medical-marijuana-firm-surterra/

Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

Green Thumb Industries buys Nevada cannabis business in $290 million deal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/green-thumb-industries-buys-nevada-cannabis-business-in-290m-deal/

Michigan localities are saying ‘no’ to recreational marijuana

Some Michigan communities are already prohibiting adult-use marijuana businesses, a little more than a week after voters in the state approved legalization of recreational cannabis. According to various newspaper reports, Niles City in southwestern Michigan and Pinckney village in the southeastern part of the state have decided to opt out, at least for now. St. Joseph […]

Michigan localities are saying ‘no’ to recreational marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/some-michigan-localities-already-saying-no-to-recreational-marijuana/

MJBizCon 2018 begins with record attendance, reflecting marijuana industry’s rapid growth

The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new MJ markets worth up to $2 billion. Some 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]

MJBizCon 2018 begins with record attendance, reflecting marijuana industry’s rapid growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/mjbizcon-2018-begins-with-record-attendance-that-reflects-marijuana-industrys-rapid-growth/

Exec: Aurora Cannabis to expand in US ‘moment it becomes allowable’

Canada’s leading medical cannabis company by revenue is ready to expand into the United States “the moment it becomes allowable,” one of its executives said at MJBizCon in Las Vegas. Marc Lakmaaker, vice president of Alberta-based Aurora Cannabis, discussed the multinational cannabis producer’s plan to enter the world’s largest economy when relevant laws allow it […]

Exec: Aurora Cannabis to expand in US ‘moment it becomes allowable’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/exec-aurora-cannabis-to-expand-in-u-s-moment-it-becomes-allowable/

New cannabis business takes over Louisiana MMJ grower contract

Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program. Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners. Ilera bought the 68% stake in Advanced […]

New cannabis business takes over Louisiana MMJ grower contract is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/new-cannabis-business-taking-over-louisiana-mmj-grower-contract/

MTech, MJ Freeway name their merged marijuana company ‘Akerna’

Denver cannabis technology business MJ Freeway and MTech Acquisition, a special-purpose acquisition firm, said their new holding company set to list on the Nasdaq will be named Akerna once their merger is completed. In a news release, Scott Sozio, CEO of MTech (Nasdaq: MTEC), said the name Akerna – with “kern” at its center – has two meanings, both […]

MTech, MJ Freeway name their merged marijuana company ‘Akerna’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/mtech-mj-freeway-name-their-merged-marijuana-company-akerna/

Multistate cannabis firm Acreage Holdings named in $400 million lawsuit in NY

A company that says it was part of a team vying for a medical marijuana business license in New York has sued multistate cannabis operator Acreage Holdings and others for $400 million, alleging they reneged on an ownership stake in a lucrative MMJ venture in the Empire State. The company, New York-based EPMMNY, claims the […]

Multistate cannabis firm Acreage Holdings named in $400 million lawsuit in NY is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/multistate-marijuana-firm-acreage-holdings-named-in-400m-lawsuit-in-ny/

Marijuana investor insights: Q&A with venture capitalist Codie Sanchez

Of all the choices cannabis investors make as they consider where to place their bets, few are more important than the deals they turn down, according to Codie Sanchez, a partner at early stage investment funds CS Ventures and Magma Partners. “In investing, you have to say no to 100 times more deals than you […]

Marijuana investor insights: Q&A with venture capitalist Codie Sanchez is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/marijuana-investor-insights-venture-capitalist-codie-sanchez/

Marijuana firm MariMed invests $30M in hemp-derived CBD producer

Massachusetts-based MariMed, a multistate cannabis operator, is entering the hemp-derived CBD business with a $30 million investment in a Kentucky company. The company, GenCanna, has contract farmers to grow hemp to its specifications as well as processing facilities to turn the plant into CBD extracts, concentrates, isolates and other products. GenCanna plans to use the […]

Marijuana firm MariMed invests $30M in hemp-derived CBD producer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/marijuana-firm-marimed-invests-30m-hemp-derived-cbd-producer/

Choosing the proper legal structure can minimize a cannabis firm’s tax liability and protect assets

Of the myriad decisions entrepreneurs make as they grow their marijuana companies, few are more critical to a business' financial future than the legal structure chosen at the get-go.

From taxes to raising money to a founder's personal liabilities, the structure of a company can make or break its chances for success.

Choosing the proper legal structure can minimize a cannabis firm’s tax liability and protect assets is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/choosing-legal-structure/

Aurora ‘expects sufficient supply’ of marijuana to meet adult-use demand

Aurora Cannabis expects to have sufficient supply next year to meet demand in Canada’s shortage-ridden recreational marijuana market, according to a regulatory filing the Alberta company released Monday alongside its quarterly results. Aurora – one of Canada’s largest licensed producers of companies – reported revenue of 29 million Canadian dollars ($21 million) for the quarter […]

Aurora ‘expects sufficient supply’ of marijuana to meet adult-use demand is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/aurora-expects-sufficient-supply-marijuana-adult-use-demand/

Ohio now anticipates some medical cannabis sales in December

A starting point might finally be in sight for Ohio’s long-delayed medical marijuana market. A spokeswoman for the Ohio Department of Commerce said small amounts of cannabis likely will be available for sale before the end of the year. The agency’s Kerry Francis told The Columbus Dispatch that the state’s first harvested marijuana plants are expected […]

Ohio now anticipates some medical cannabis sales in December is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/ohio-now-anticipates-some-medical-cannabis-sales-in-december/

Oklahoma discloses medical marijuana licensee info, raises ‘security issues’ for MMJ firms

Some in Oklahoma’s medical cannabis industry are worried about the public disclosure of  licensed locations after a cannabis grower’s property was ransacked. Chip Paul, chairman of Oklahomans for Health, the group that spearheaded the voter-approved medical marijuana initiative that passed in June, told The Norman Transcript that the state’s online publication of the locations “creates […]

Oklahoma discloses medical marijuana licensee info, raises ‘security issues’ for MMJ firms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/oklahoma-discloses-medical-marijuana-licensee-info-raises-security-issues-for-mmj-firms/

Canada’s LGC buys large stake in Italian ‘cannabis light’ pioneer EasyJoint

Toronto-based investment firm LGC Capital is buying nearly half of Italy’s “cannabis light” pioneer EasyJoint for 4.8 million euros ($7.15 million Canadian dollars) in cash and stock, as the companies set their sights on expansion into the broader European and Canadian markets. LGC will acquire 47% of EasyJoint for 2.56 million euros in cash and […]

Canada’s LGC buys large stake in Italian ‘cannabis light’ pioneer EasyJoint is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/canadas-lgc-capital-buys-large-stake-in-italys-easyjoint/

Oregon cannabis businesses might owe $15.7 million in back state taxes

Some Oregon marijuana business owners – hit with falling prices and slim margins – are struggling to pay state taxes on their sales. According to Eugene TV station KVAL, 176 marijuana businesses owe the Oregon Department of Revenue $15.7 million in unpaid taxes. Oregon’s revenue department says at least 10 businesses owe more than $600,000 each in […]

Oregon cannabis businesses might owe $15.7 million in back state taxes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/oregon-marijuana-businesses-owe-15-7-million-in-back-state-taxes/

Connecticut adds another condition to medical marijuana treatment list

Connecticut regulators added another ailment to the list of conditions that can be treated with medical cannabis, bringing the total number of conditions to 31 for adults. The state’s Regulations Review Committee decided chronic neuropathic pain associated with degenerative spinal disorders should be included on the list. The added condition could provide a slight boost to […]

Connecticut adds another condition to medical marijuana treatment list is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/connecticut-adds-another-condition-to-medical-marijuana-treatment-list/

Chart: Colorado on pace for record-setting, billion-dollar year of recreational cannabis sales

Colorado’s adult-use marijuana market continues to surge nearly five years after the launch of recreational sales in the state. Through August 2018 – the most recent data available from the Colorado Department of Revenue – recreational marijuana sales topped $800 million and the state is on pace to surpass $1.2 billion by the end of […]

Chart: Colorado on pace for record-setting, billion-dollar year of recreational cannabis sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/colorado-another-record-setting-year-of-adult-use-cannabis-sales/

Aphria seeks EU GMP certification before closing deal for German distributor

Aphria, one of Canada’s largest medical cannabis companies, aims to obtain an essential European quality standard certification before closing its deal to buy a large distributor of pharmaceutical products in Germany. Aphria announced last week its intention to buy Densborn, Germany-based CC Pharma for 24.5 million euros ($28 million) in cash on closing and another […]

Aphria seeks EU GMP certification before closing deal for German distributor is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/aphria-aims-for-eu-gmp-certification-before-closing-deal-to-buy-german-distributor/