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Cannabis store burglaries on the rise in Denver

The number of break-ins at Denver marijuana stores hit a three-year high in 2019. Five robberies and 122 burglaries were reported to the Denver Police Department last year. In 2018, marijuana businesses reported one robbery and 120 burglaries, according to the Denver Post. Last September, Denver police warned of an increase in burglaries of marijuana […]

Cannabis store burglaries on the rise in Denver is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cannabis-store-burglaries-on-the-rise-in-denver/

Bills would legalize adult-use marijuana in New Mexico

Proposed legislation in New Mexico would legalize recreational cannabis sales in the state. Cities and counties could not opt out, even if they don’t approve of adult-use cannabis sales, under the proposed bills, although they would retain control with local zoning restrictions and hours of operations for the retailers. Under mirror legalization bills filed in […]

Bills would legalize adult-use marijuana in New Mexico is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/bills-would-legalize-adult-use-marijuana-in-new-mexico/

Oregon cannabis sales soar along Idaho border

Marijuana sales in Oregon near the Idaho border are 420% the statewide average, according to a report by the Oregon Office of Economic Analysis. The report also showed stronger marijuana sales for Washington state along its border with Idaho in 2019 than along its borders with Oregon or Canada. State economist Josh Lehner said that […]

Oregon cannabis sales soar along Idaho border is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/oregon-marijuana-sales-soar-along-idaho-border/

Week in Review: US lawmakers call for more marijuana research, some Cresco Lab employees in IL unionize, Trulieve addresses short sellers & more

U.S. lawmakers and experts tell a congressional panel that the federal government needs more cannabis research, some marijuana employees in Illinois vote to unionize, Trulieve refutes a short-seller report – and more of the week’s top MJ business news.   What’s the role of expanded marijuana research in federal reform? With strong bipartisan support, lawmakers […]

Week in Review: US lawmakers call for more marijuana research, some Cresco Lab employees in IL unionize, Trulieve addresses short sellers & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/us-lawmakers-call-for-more-marijuana-research-some-cresco-lab-mj-employees-in-il-unionize-trulieve-addresses-short-sellers-more/

Washington state marijuana group wants its legislation withdrawn

The Washington CannaBusiness Association (WACA) on Friday requested that legislation it proposed last September to create a cannabis social equity fund be withdrawn for consideration this year. WACA requested the withdrawal of two bills: One called for removing barriers to capital for minority business owners. The other sought to eliminate a residency requirement for potential investors […]

Washington state marijuana group wants its legislation withdrawn is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/washington-state-marijuana-group-wants-its-bills-withdrawn-from-legislature/

Recent decisions on tax fines offer ray of hope for cannabis industry around burdens of IRS’ 280E

The U.S. Supreme Court’s decision this week not to consider a Colorado Supreme Court ruling on a tax fine – coupled with dissenting opinions in a recent case involving a California medical marijuana company – could have significant ramifications for the cannabis industry, according to tax experts. Left standing by the U.S. Supreme Court was […]

Recent decisions on tax fines offer ray of hope for cannabis industry around burdens of IRS’ 280E is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/recent-decisions-on-tax-fines-offer-ray-of-hope-for-cannabis-industry-around-burdens-of-irs-280e/

Tilt changes cannabis ‘management and loan’ practices in Massachusetts

Tilt Holdings, a Massachusetts-based marijuana company being investigated for allegedly trying to control more than the state-allowed three cannabis stores, has backed off the practices that got it into trouble with authorities. The Cannabis Control Commission noted in an investigative report that Tilt “has agreed with regulators to scrap the management and loan contracts it had […]

Tilt changes cannabis ‘management and loan’ practices in Massachusetts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/tilt-changes-cannabis-management-and-loan-practices-in-massachusetts/

Analyst: Most Canadian marijuana firms not ready for next wave of products

The majority of Canadian cannabis companies were not ready for the launch of new cannabis products such as edibles, extracts and topicals, despite having more than a year to prepare for the Cannabis 2.0 era, according to an analyst. Only 10 companies had products available when Ontario’s only legal online store started selling the products […]

Analyst: Most Canadian marijuana firms not ready for next wave of products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/analyst-most-canadian-marijuana-companies-not-ready-for-cannabis-2-0/

Marijuana tech firm Fyllo buys Denver’s CannaRegs for $10 million

Chicago-based Fyllo, a digital marketing firm that focuses on the cannabis industry, on Friday said it has agreed to pay $10 million to acquire Denver-based CannaRegs. CannaRegs provides a web-subscription service and technology platform that offers access to state and municipal cannabis rules and regulations. In February, the company said it secured a $2 million […]

Marijuana tech firm Fyllo buys Denver’s CannaRegs for $10 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/marijuana-tech-firm-fyllo-buys-denvers-cannaregs-for-10-million/

European Commission falls short on WHO cannabis recommendations, experts say

The European Commission’s proposal that European Union-member countries support three of the six World Health Organization (WHO) cannabis scheduling recommendations does not merit much celebration from the cannabis industry, according to international drug policy experts. “The only good point in the draft’s common position is that the EU should support the deletion of cannabis from Schedule IV, but […]

European Commission falls short on WHO cannabis recommendations, experts say is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/european-commission-falls-short-on-who-cannabis-recommendations-experts-say/

AR rejects sale of medical cannabis licenses for unopened stores

Arkansas regulators nixed the sale of two medical marijuana dispensary licenses, displeased that the owners didn’t take significant efforts toward opening the operations. The Arkansas Medical Marijuana Commission unanimously voted to reject the sale of Pine Bluff Agriceuticals and Arkansas Patient Services, according to Arkansas Business. Commissioner Travis Story argued that allowing license holders to […]

AR rejects sale of medical cannabis licenses for unopened stores is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/arkansas-rejects-sale-of-medical-cannabis-licenses-for-unopened-dispensaries/

Rhode Island governor proposes adult-use marijuana in budget

Rhode Island Gov. Gina Raimondi is proposing to legalize recreational cannabis, despite opposition from legislative leaders. Her annual budget proposal would create an adult-use MJ program controlled by the state. The first marijuana stores would open in March 2021. Under the Democratic governor’s plan, the state would: Determine the location of retail facilities. Control inventory […]

Rhode Island governor proposes adult-use marijuana in budget is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/rhode-island-governor-wants-adult-use-marijuana-legalized/

What cannabis industry CEOs need to survive 2020

As we are sure you have noticed, the market in cannabis is strained.

Gone are the days of raising on multiples of forward-looking earnings and limitless capital inflows. The easy days in capital raising are, for the time being, behind us.

What cannabis industry CEOs need to survive 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/other-voices-what-cannabis-industry-ceos-need-to-survive-2020/

Product supply interruptions hit German medical cannabis market, but government dismisses risk of shortages

Supply disruptions are rippling through Germany’s growing medical cannabis market, but the country’s federal government says there are no signs at the moment of widespread product shortages. In response to a recent parliamentary inquiry, the government noted that pharmacies that sell medical cannabis have access to a variety of distributors beyond some companies whose products […]

Product supply interruptions hit German medical cannabis market, but government dismisses risk of shortages is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/product-supply-interruptions-hit-german-medical-cannabis-market-but-government-dismisses-risk-of-shortages/

High Times plans to open first cannabis stores, hires president

Iconic marijuana publication High Times on Thursday announced plans to open its first cannabis retail stores, in Las Vegas and Los Angeles, as part of its diversifying strategy. High Times said it will enter those markets by acquiring retailers that are licensed there. The deals are subject to regulatory approval. The Los Angeles-based company plans […]

High Times plans to open first cannabis stores, hires president is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/high-times-to-open-first-cannabis-stores-hires-president/

Ontario Cannabis Store sells out of edibles within hours

Ontario’s only legal online outlet for adult-use cannabis sold out of edibles within hours of their initial availability Thursday, demonstrating exceptionally strong demand in Canada’s largest market. Newly regulated Cannabis 2.0 products such as chocolates and vapes went on sale online Thursday in Ontario, though the products have been available in the province’s approximately two […]

Ontario Cannabis Store sells out of edibles within hours is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/ontario-cannabis-store-sells-out-of-edibles-within-hours/

Alaska governor axes head of marijuana oversight board

Mark Springer, chair of the agency that regulates legal marijuana in Alaska, has been replaced by Gov. Mike Dunleavy. Springer has been a critic of Dunleavy, a Republican. Casey Dschaak of Dillingham, Alaska, will replace Springer on the Marijuana Control Board, with a term set to begin March 1. A spokesman for Dunleavy said he […]

Alaska governor axes head of marijuana oversight board is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/alaska-governor-axes-head-of-marijuana-oversight-board/

New Jersey court reiterates that medical cannabis applications on hold

A two-judge appellate court in New Jersey upheld its ruling that the state’s Department of Health must halt its review of nearly 150 applicants seeking to operate new medical marijuana businesses. The ruling means those who applied for a medical marijuana license last summer will need to continue to wait at least until the spring, […]

New Jersey court reiterates that medical cannabis applications on hold is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/nj-court-reiterates-that-medical-cannabis-application-on-hold/

New Mexico gov again pushes adult-use marijuana legalization

Legalizing recreational marijuana is one of New Mexico Gov. Michelle Lujan Grisham’s legislative goals for 2020, a move she contends would be a huge economic boon for the state. After adult-use legalization stalled in New Mexico’s Legislature in 2019, Grisham, a supporter of the bipartisan effort, vowed to revive legalization this year. Grisham, a Democrat, […]

New Mexico gov again pushes adult-use marijuana legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/new-mexico-governor-pushes-adult-use-marijuana-legalization/

Proposed regulatory and tax reforms in California could make life simpler for marijuana businesses

A proposed overhaul of California’s marijuana regulatory and tax collection system could mean far less headaches for licensed cannabis companies in the state. It could also indicate there’s more legislative help on the way in 2020 for California’s struggling legal marijuana market. When he announced his annual budget plan on Jan. 10, California Gov. Gavin […]

Proposed regulatory and tax reforms in California could make life simpler for marijuana businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/proposed-regulatory-and-tax-reforms-in-california-could-make-life-simpler-for-marijuana-businesses/

16% of cannabis vaping illnesses tied to store purchases, CDC says

Sixteen percent of patients in three states who developed lung injuries after vaping marijuana obtained the products from stores, according to a report from the Centers for Disease Control and Prevention (CDC). The CDC said the report reinforces its recommendations not to use THC in e-cigarettes or vaping products, USA Today reported. The report is based […]

16% of cannabis vaping illnesses tied to store purchases, CDC says is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cdc-links-16-percent-of-marijuana-vaping-illnesses-to-store-purchases/

Illegal marijuana grows raided in California

More than 15,000 cannabis plants were destroyed and six people were arrested during raids on illegal grows in Southern California, the state’s latest move in its fight against a flourishing black market. Thirteen search warrants involving marijuana cultivation were served by Riverside County sheriff’s deputies and state Department of Fish and Wildlife personnel in the […]

Illegal marijuana grows raided in California is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/illegal-cannabis-grows-raided-in-california/

Cannabis giant Curaleaf ‘upsizes’ debt offering to $300 million

Curaleaf Holdings, a multistate marijuana operator based in Massachusetts, said Wednesday it closed a debt offering after increasing its size to $300 million from $275 million. When the initial deal was announced last month, it was believed to be the largest amount of debt raised in the U.S. marijuana industry. The notes on the debt, raised […]

Cannabis giant Curaleaf ‘upsizes’ debt offering to $300 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/marijuana-giant-curaleaf-upsizes-debt-offering-to-300-million/

US House panel calls for stepped-up marijuana research, which could prove critical to federal reform

In a positive signal for the cannabis industry, lawmakers from both parties and three government witnesses told a U.S. congressional subcommittee Wednesday the federal government urgently needs more access to research around marijuana. But it remains unclear when that will occur, which could hinder the cannabis industry’s prospects if additional research findings are needed to […]

US House panel calls for stepped-up marijuana research, which could prove critical to federal reform is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/us-house-panel-calls-for-stepped-up-marijuana-research-which-could-prove-critical-to-federal-reform/

New Jersey court rules company must reimburse medical marijuana costs

In a ruling that could “fortify medical marijuana programs,” the appellate division of the Superior Court of New Jersey decided that workers compensation law requires an employer to reimburse MMJ costs to a worker suffering from chronic pain. In a 31-page opinion about the case – Hager v. M&K Construction – the judges concluded the order requires […]

New Jersey court rules company must reimburse medical marijuana costs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/new-jersey-court-rules-company-must-reimburse-medical-cannabis-costs/

Cannabis producer Tilray taps ex-Molson, Revlon employees for executive roles

Tilray announced changes to its executive roles this week, appointing former Molson Coors Brewing Co. and Revlon employees to key positions. The British Columbia cannabis producer said Chief Financial Officer Mark Castaneda – on the job for almost two years – would shift to strategic business development. Replacing him as CFO is Michael Kruteck, who […]

Cannabis producer Tilray taps ex-Molson, Revlon employees for executive roles is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cannabis-producer-tilray-taps-ex-molson-revlon-employees-for-executive-roles/

Cresco Lab cannabis growers in Illinois plan to join union

Employees at an Illinois marijuana cultivation facility owned by Chicago-based multistate operator Cresco Labs are the first cannabis workers in the state to unionize. Laborers at Cresco’s facility in Joliet voted 58-32 to be represented by the United Food and Commercial Workers Local 881. The vote affects about 100 of the 130 workers at the facility. […]

Cresco Lab cannabis growers in Illinois plan to join union is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cresco-lab-cannabis-growers-in-illinois-plan-to-join-union/

European Commission proposes unified EU vote on WHO cannabis scheduling recommendations

In advance of the March session of the United Nations Commission on Narcotic Drugs (CND), the European Union’s executive branch has proposed that EU member nations vote in favor of three of the six World Health Organization (WHO) cannabis scheduling recommendations. The European Commission “Proposal for a Council Decision” is meaningful because – if adopted by […]

European Commission proposes unified EU vote on WHO cannabis scheduling recommendations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/european-commission-proposes-unified-eu-vote-on-who-cannabis-scheduling-recommendations/