Proprietors with micro-cultivation licenses in Canada won’t be able to circumvent the canopy limit by growing cannabis on vertically arranged spaces. The proposed limit of 200 square meters for micro-cultivation licensees would be based on the surface area occupied by all of the parts of cannabis plants, not just the floor space of the area […]
Though Massachusetts opened the permitting process for adult-use cannabis cultivation, a sizable business population that wants in has already been locked out: Local farmers in towns or counties that haven't expressly allowed cannabis growing.
North Dakota health officials selected two medical marijuana growers/manufacturers to advance in the state’s cannabis business licensing process, although they must still meet several other requirements before becoming fully licensed. State regulators also settled on a testing lab company. According to a news release from the Medical Marijuana Division of the North Dakota Department of […]
When California released its latest marijuana industry regulations on Friday, the response from cannabis businesses in the state was largely muted. This perhaps indicates that the most disruptive changes are farther down the road before the rules are finalized later this year.
A campaign formed to combat a Michigan recreational marijuana legalization ballot measure has pivoted in a big way: It's now asking state lawmakers to establish a more stringent adult-use MJ regulatory system instead of leaving it up to voters.
Two Ohio judges have refused to stop the state’s medical marijuana program, enabling regulators to continue to strive to meet a Sept. 8 statutory deadline for the MMJ launch. Perhaps the most closely watched case involved a lawsuit by Ohio Releaf to stop the licensing process of large cultivators. Franklin County Common Pleas Judge Richard […]
Cannabis tech firm BDS Analytics is planning a national expansion of its sales tracking software and an increase in personnel thanks to a $3.5 million funding round. The raise capped off the Boulder, Colorado-based firm’s Series B funding effort – led by a $750,000 investment by Canopy Ventures I, also based in Boulder. Other leading […]
A handful of medical cannabis companies contributed $2,000 to a research program at the University of New Mexico with the hope the school will shed more light on how MMJ can be used to fight opioid abuse, cancer and post-traumatic stress disorder. The group of MMJ dispensaries and manufacturers donated the money, TV station KRQE […]
The top federal prosecutor in Oregon is taking aim at the state’s overproduction of marijuana. Billy Williams, the U.S. Attorney for Oregon, issued guidelines for cannabis enforcement in response to the Justice Department’s decision to rescind a key marijuana protection earlier this year, according to The Oregonian. The newspaper noted that federal prosecutors will crack down […]
Recreational marijuana sales in Colorado eclipsed $105 million in March 2018, the highest monthly total for adult-use sales in the program’s history. The record-breaking month is part of a broader, seasonal trend playing out in Colorado’s rec market, where sales have consistently spiked in early spring, midsummer and around holidays. Seasonal sales trends are common […]
Marijuana stores with slot machines? Casinos with gamblers drawing on vape-pens? Not yet. But early inroads are perhaps being made. The Nevada Gaming Commission ruled unanimously that a gaming license holder can lease a building from a businessman who also rents to someone in the marijuana industry, the Las Vegas Review-Journal reported. It’s the first time […]
An effort in Missouri to pass narrow medical marijuana legislation to pre-empt ballot initiatives died this week, shortly before the end of the session. The lack of agreement by lawmakers paves the way for voters to decide in November among what could be multiple ballot initiatives, the Kansas City Star reported. An MMJ bill introduced […]
The three California agencies that oversee licensing for the state’s marijuana companies on Friday issued updated emergency regulations. The new extended rules will govern the industry for up to six months. The first set of regulations were released last November, and under state law, all rules must be finalized by the end of 2018. Click […]
Massachusetts’ recreational marijuana program is set to launch July 1, but cannabis business executives in the state predict that fewer than a dozen retail marijuana stores will be ready to open. “It’s going to take 18 to 24 months until there’s a robust retail marketplace,” David Torrisi, president of the Commonwealth Dispensary Association, told The […]
An Ohio campaign to legalize adult-use cannabis has gotten the go-ahead to begin collecting signatures to place a ballot question before voters in November 2019. The campaign, Ohio Families for Change, got its initiative certified earlier this month for the 2019 ballot by the state attorney general’s office, and the Ohio Ballot Board signed off on it […]
A longtime medical cannabis dispensary in New Jersey has struck a partnership with Acreage Holdings, the multistate marijuana business that last month brought former House Speaker John Boehner onto its advisory board. According to NJ.com, Compassionate Care Foundation in south New Jersey is teaming up with Acreage to construct a 100,000-square-foot grow operation. Acreage Holdings […]
Pennsylvania approves eight universities to conduct medical marijuana research, a company spurned for a Louisiana license sues the state, and Ohio awards an additional MMJ permit. Here’s a closer look at some notable developments in the cannabis industry over the past week. Pennsylvania takes research reins Pennsylvania’s decision to allow eight colleges to research medical […]
New York-based Merida Capital Partners, a private equity fund that has been investing in cannabis companies since 2012, announced that it’s amassed more than $50 million in assets under management. Its investments include nine marijuana businesses, with three that touch the plant and six ancillary. The private equity fund has put money behind: Kush Bottles, […]
In a historic maneuver that signifies growing support in Washington DC for medical marijuana, a key congressional committee voted Thursday to continue to protect lawful state MMJ programs from federal interference or prosecution. The House Appropriations Committee approved, by a bipartisan voice vote, an amendment by Rep. David Joyce, an Ohio Republican and former prosecutor, […]
It’s a recurring theme: Alaska is struggling with a backlog of marijuana license applications. About 470 applications are in various stages of the process, according to a May 8 spreadsheet posted on the Alaska Alcohol and Marijuana Control Office’s website. The spreadsheet lists 47 businesses that have been granted licenses, pending inspections. Alaska, which began adult-use […]
Colorado is on the verge of opening its marijuana markets to an influx of fresh capital and investors. State lawmakers last week passed a bipartisan bill that would for the first time allow publicly traded companies to invest in or hold a medical or recreational marijuana license in the state, starting next January. The legislation, […]
A new poll in Georgia has found that, for the first time, a majority of adults in the deeply conservative state believe marijuana should be legalized for both medical and recreational use. Out of 2,875 Georgians polled between May 10 and May 15, 55% said they believe marijuana should be legal for adult use, only 35% […]
As interest in Latin America’s medical marijuana industry grows, a major stock exchange in Canada could soon see the first listings from companies with their core operations in Colombia. Khiron Life Sciences CEO Alvaro F. Torres told Marijuana Business Daily the company expects to complete the regulatory paperwork in time to start trading as early […]
A business that lost out on a medical marijuana dispensary license in New Orleans sued the Louisiana Board of Pharmacy, charging that the agency was “arbitrary and capricious” in awarding the metro area permit to the fourth-ranked applicant. In a lawsuit filed this week, RX Greenhouse of Metairie said it not only had been ranked […]
While a shortage of marijuana is expected to precede any glut by a number of years, the potential for cannabis commoditization is already a consideration for many licensed cultivators in Canada. Greg Engel, CEO of New Brunswick-based Organigram, said commoditization, at least as it relates to cannabis, boils down to two things: Excess supply over […]
Trying to rectify an application scoring error, Ohio regulators issued a medical marijuana cultivation license to Illinois-based PharmaCann Ohio, which had been rejected in the original round of license review. According to the Cleveland Plain-Dealer, the company will receive a provisional permit for a 25,000 square-foot operation in Buckeye Lake, roughly 30 miles outside the […]
Canada’s beer industry is expressing concern that the recreational marijuana market is going to cut into its profits, and it wants the government to raise the proposed tax to level the playing field. “The potential for legal marijuana to cannibalize beer (in Canada) is much more significant compared to the U.S. because of our higher […]
One of the biggest facilitators of marijuana deliveries in California faces a possible class-action lawsuit that one Bay Area attorney says could threaten the company’s existence. Farrah Williams, of San Diego, filed suit against San Francisco-based Eaze Solutions on May 2, alleging the delivery business violated federal law by spamming her and other customers with unsolicited text-message […]
New Jersey is expecting to at least double its medical cannabis patient registration, from about 20,000 to 40,000 or even 50,000, the state's health commissioner said Tuesday.
Green Thumb Industries, a Chicago-based cannabis grower and dispensary operator, released its plans to go public in Canada’s booming marijuana market. The multistate company has signed a letter of intent to complete a reverse takeover of Vancouver, British Columbia-based Bayswater Uranium Corp., which has interests in properties across Canada and in Wyoming. The deal charts […]