In the face of Oklahoma’s upcoming medical cannabis legalization vote on June 26, the state’s Senate and House of Representatives each passed medical marijuana regulation bills. The measures – Senate Bill 1120 and House Bill 3468 – would respectively restrict MMJ patients to those suffering from “serious” medical conditions and create an MMJ commission to help craft […]
Alcohol companies should be watching their backs. That’s the warning from Torsten Kuenzlen, a former executive for The Coca-Cola Co. and Molson Coors. In his opinion, legal cannabis has an obvious competitive advantage over alcohol products. “All alcohol is consumed only as a liquid. Cannabis meets more consumer needs and motivations in the way that it’s […]
Michigan regulators and police ordered 40 unlicensed medical marijuana businesses to stop operating and are expected to deliver cease-and-desist letters to hundreds more. A spokesman with the Department of Licensing and Regulatory Affairs, the agency behind the shutdowns, didn’t identify the types of businesses targeted or how they were identified, the Detroit Free Press reported. But the […]
Denver-based American Cannabis Company, a B2B consulting and ancillary marijuana products firm, said it signed a distribution deal to sell two cultivation-related products via the online stores for Walmart, The Home Depot and Amazon. American Cannabis Company plans to use the online retail platforms to sell SoHum Living Soils potting mix and Doctor Marijane Root Probiotic, the […]
Week in Review: CBD in gas stations, AG Sessions hints status quo for cannabis & Arkansas hits MMJ snag
A cannabis company plans to offer low-dose CBD products at convenience stores, U.S. Attorney General Jeff Sessions says federal attorneys have bigger concerns than “routine” marijuana cases, and an Arkansas judge blocks regulators from issuing MMJ business licenses. Here’s a closer look at some notable developments in the marijuana industry over the past week. Fill […]
Week in Review: CBD in gas stations, AG Sessions hints status quo for cannabis & Arkansas hits MMJ snag is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Saskatchewan’s new business-friendly framework for recreational cannabis sales calls for the establishment of 51 privately owned stores no later than 12 months after legalization. Retail applicants in Saskatchewan must complete a two-part process that will include initial screening and entry into a lottery of qualified applicants. The number of retail sales licenses will be capped at 51 […]
In a bid to combat black-market operators, two California state lawmakers have introduced a measure to lower the cannabis tax rate for three years, which should in turn lower the prices retailers charge for legal products. “We need to give legal businesses some temporary tax relief so they do not continue to be undercut by […]
Iowa has awarded Oregon tech company BioMauris a contract to run a seed-to-sale platform for the state’s upcoming low-THC medical marijuana program, according to a news release from the company. The contract for BioMauris’ software platform will be worth $300,000 to the company, a spokesman said. The arrangement will run for two years with Iowa having […]
More businesses have been denied medical cannabis cultivation licenses in British Columbia than in any other province in Canada, according to new data provided to Marijuana Business Daily by Health Canada. British Columbia accounted for 100 of the 268 applicants that have been turned down across the country. Ontario, which has the most producers and […]
Nevada’s recreational marijuana supplies are plentiful but not overly abundant, keeping wholesale cannabis prices on the high side compared to other adult-use markets. Business owners in the Silver State don’t expect wholesale prices to remain steep for much longer, however. Growers are continuing to build out their cultivation facilities and improve their growing methods, pumping […]
A $100,000 infusion for Washington agriculture regulators has saved the state’s hemp oversight program – but the lifeline has failed to convince the largest grower to plant another crop. The money came in the final budget agreement at the Washington state legislature, according to Capital Press, which covers agricultural news in the Pacific Northwest. Washington’s […]
The Colorado Marijuana Enforcement Division released a new “Single Universal Symbol” that must be included on packaging and labeling for all cannabis products. The symbol is required for both medical and recreational cannabis, and for all types of products, whether it’s flower, concentrates, edibles, topicals, or vape cartridges, The Cannabist reported. The symbol – which is […]
An Arkansas judge has temporarily blocked regulators from issuing licenses to five companies to grow medical marijuana in response to complaints about the state’s process for reviewing applications for the facilities. Pulaski County Circuit Judge Wendell Griffen on Wednesday issued a temporary restraining order against the state, which had planned to formally issue cultivation licenses […]
After Attorney General Jeff Sessions ripped up the Cole Memo and gave U.S. attorneys greater leeway to prosecute marijuana businesses, many industry executives and experts wondered whether the days of the federal government leaving legal cannabis alone were over.
Many lawyers and others argue that the new Sessions Memo didn’t change much.
Is your cannabis business prepared for greater scrutiny from the feds in the post-Cole Memo era? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The venture capital firm founded by rapper Snoop Dogg to invest in ancillary cannabis companies has closed its inaugural fund after securing $45 million from investors, making it one of the larger raises in the marijuana industry. Casa Verde Capital, based in West Hollywood, California, raised most of the money last year, according to TechCrunch.com. The […]
The number of applicants to cultivate medical cannabis in Canada has grown to a record number. But the number of “fully licensed” companies – those permitted to cultivate and sell dried cannabis, as well as produce and sell cannabis oils – remains very low. As of Feb. 1, the number of cultivation applicants in the […]
After the Greek parliament approved a law for the cultivation and sale of medical cannabis this month, five international companies already have expressed interest in pumping over 1 billion euros ($1.2 billion) into the country’s burgeoning sector. However, investments will largely depend on the secondary legislation that has yet to be developed, according to the […]
A landlocked nation in southern Africa is on the cusp of opening major medical cannabis opportunities both domestically and internationally, provided government and businesses overcome near-term obstacles. The opportunity for Lesotho’s economy to become a supplier of medical cannabis and ancillary services to other countries in Africa where medical cannabis laws are in the works – […]
The new leader of Ontario’s opposition party, the Progressive Conservatives, will consider giving the free market a greater role in recreational marijuana sales if he wins the June 7 provincial election. Such a move would be a major boon for entrepreneurs in the industry. The ruling Liberals have committed to opening 40 government-run retail outlets by […]
Arkansas regulators are receiving challenges in response to their licensing of the state’s first medical marijuana growers. Challenges of this type filed by unsuccessful applicants are a common occurrence in the industry after a state rolls out its first cannabis business licenses. The Arkansas Medical Marijuana Commission announced last month the five companies that scored high […]
A Canadian medical marijuana grower is launching a joint venture in Denmark with its eye on meeting MMJ demand throughout Europe, becoming the latest Canadian cultivator to establish a presence in the Scandinavian country. Ontario-based CannTrust Holdings said it inked a joint venture agreement with the Danish company Stenocare, which already has received a medical […]
Last year was historic for Uruguay’s marijuana industry, as the country ushered in an era of legal medical and recreational cannabis.
Adult-use, or what's called "nonmedical," sales started in July, and medical cannabis sales began in December.
Here’s a look at recent developments in Uruguay.
A new lawsuit aims to turn Florida’s medical marijuana program – possibly one of the most profitable MMJ markets in the United States – into a more free-market system. According to the Miami New Times, the suit – filed by the Patients and Producers Alliance – is attempting to force Florida’s health department to issue far […]
Weedmaps apparently doesn’t plan to drop its listings for unlicensed California marijuana businesses any time soon. In a letter sent Monday to the California Bureau of Cannabis Control, the online marijuana advertising giant wrote that it is “not a Licensee subject to the Bureau’s purview.” The letter – signed by Weedmaps CEO Doug Francis and […]
A bill that would have made several changes to West Virginia’s medical marijuana law failed when the state’s legislative session ended last weekend. West Virginia’s medical marijuana program was set to launch in 2019, but the bill’s failure Saturday night and an opinion from the state treasurer have put the rollout on shaky ground, WVNews.com reported. […]
Seven companies have applied to sell low-THC medical marijuana at 21 separate locations in Iowa. The state is expected to grant licenses for five locations next month. Applicants paid a $5,000 fee for each application and won’t be able to open until early 2019, the Des Moines Register reported. Iowa’s medical marijuana program is quite […]
North Dakota lawmakers on Monday signed off on rules for the state’s developing medical marijuana program, a necessary move if MMJ sales are to begin later this year. The legislature’s Administrative Rules Committee reviewed the dozens of pages of proposed rules that the advisory State Health Council approved in January to cover such areas as […]
A California company that markets and distributes marijuana and hemp is making a play for convenience stores. Marijuana Company of America, a holding company with stakes in hemp and marijuana, is launching a line of CBD topicals, tinctures and edibles in sample sizes. The products will be sold in one-, two- and 30-day supplies. “The […]
Federal prosecutors won’t take on small-time marijuana cases, despite the Justice Department’s decision to lift an Obama-era policy that discouraged U.S. authorities from cracking down on cannabis businesses in states where the drug is legal, Attorney General Jeff Sessions said over the weekend. Federal law enforcement lacks the resources to take on “routine cases” and […]
New Mexico’s medical marijuana program continues to grow despite a lack of enthusiasm for medical cannabis among top state officials. From December 2016 to December 2017, nearly 18,000 new patients enrolled in New Mexico’s MMJ program – a 61% jump – marking the largest increase in patients over a single-year period since the program launched […]