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No vertical marijuana farming to ‘cheat’ Canadian micro-cultivation limit

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 […]

No vertical marijuana farming to ‘cheat’ Canadian micro-cultivation limit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/no-vertical-marijuana-farming-to-cheat-canadian-micro-cultivation-limit/

Many Massachusetts farmers denied entry to recreational cannabis industry

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.

Many Massachusetts farmers denied entry to recreational cannabis industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/many-massachusetts-farmers-denied-recreational-cannabis-industry/

North Dakota to license two medical marijuana manufacturers, testing lab

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 […]

North Dakota to license two medical marijuana manufacturers, testing lab is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/north-dakota-selects-medical-marijuana-manufacturers-lab-for-licensing/

What you need to know about California’s updated marijuana rules

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.

What you need to know about California’s updated marijuana rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/california-updated-marijuana-rules/

Michigan anti-cannabis group now urges legalization

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.

Michigan anti-cannabis group now urges legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/michigan-anti-cannabis-group-now-urges-legalization/

Judges won’t let lawsuits stand in way of Ohio’s medical marijuana program

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 […]

Judges won’t let lawsuits stand in way of Ohio’s medical marijuana program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/judges-wont-let-lawsuits-stand-in-way-of-ohios-medical-marijuana-program/

Cannabis tech firm BDS Analytics plans national expansion after $3.5M raise

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 […]

Cannabis tech firm BDS Analytics plans national expansion after $3.5M raise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cannabis-tech-firm-bds-analytics-plans-national-expansion-after-3-5-million-raise/

New Mexico dispensaries contribute $2K to university’s medical marijuana research

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 […]

New Mexico dispensaries contribute $2K to university’s medical marijuana research is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/new-mexico-dispensaries-contribute-2k-to-universitys-medical-marijuana-research/

Oregon’s US attorney ‘frustrated’ with state’s cannabis overproduction

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 […]

Oregon’s US attorney ‘frustrated’ with state’s cannabis overproduction is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/oregons-us-attorney-frustrated-with-states-cannabis-overproduction/

Chart: Colorado recreational marijuana sales boom in month of March

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 […]

Chart: Colorado recreational marijuana sales boom in month of March is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/chart-colorado-recreational-marijuana-sales-boom-in-month-of-march/

Nevada regulators OK a marijuana-gaming relationship

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 […]

Nevada regulators OK a marijuana-gaming relationship is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/nevada-regulators-ok-a-marijuana-gaming-relationship/

Medical cannabis legalization headed to Missouri’s voters

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 […]

Medical cannabis legalization headed to Missouri’s voters is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/medical-cannabis-legalization-headed-to-missouris-voters/

California updates regulations for marijuana businesses

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 […]

California updates regulations for marijuana businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/california-updates-regulations-for-marijuana-businesses/

MA entrepreneurs fear local resistance, fees will hinder recreational cannabis rollout

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 […]

MA entrepreneurs fear local resistance, fees will hinder recreational cannabis rollout is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/massachusetts-entrepreneurs-fear-local-resistance-fees-will-hinder-recreational-cannabis-rollout/

Ohio recreational marijuana campaign cleared to collect signatures

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 […]

Ohio recreational marijuana campaign cleared to collect signatures is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/ohio-recreational-marijuana-campaign-cleared-to-collect-signatures/

New Jersey dispensary teams with cannabis company that has John Boehner on board

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 […]

New Jersey dispensary teams with cannabis company that has John Boehner on board is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/new-jersey-dispensary-partners-with-john-boehners-cannabis-company/

Week in Review: Medical marijuana research, Louisiana lawsuit & Ohio’s extra MMJ license

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 […]

Week in Review: Medical marijuana research, Louisiana lawsuit & Ohio’s extra MMJ license is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/week-in-review-medical-marijuana-research-louisiana-lawsuit-ohios-extra-mmj-license/

Marijuana investment firm Merida surpasses $50 million in assets

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, […]

Marijuana investment firm Merida surpasses $50 million in assets is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/marijuana-investment-firm-merida-surpasses-50-million-in-assets/

Powerful congressional panel puts medical marijuana protections in federal budget

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, […]

Powerful congressional panel puts medical marijuana protections in federal budget is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/powerful-congressional-panel-puts-medical-marijuana-protections-in-federal-budget/

Alaska regulators still backed up on recreational cannabis applications

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 […]

Alaska regulators still backed up on recreational cannabis applications is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/alaska-regulators-still-backed-up-on-recreational-cannabis-applications/

Floodgates poised to open in Colorado with potential new wave of cannabis investors

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, […]

Floodgates poised to open in Colorado with potential new wave of cannabis investors is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/monetary-floodgates-poised-to-open-in-colorado-with-potential-new-wave-of-cannabis-investors/

Most Georgians want legal recreational cannabis, poll shows

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% […]

Most Georgians want legal recreational cannabis, poll shows is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/most-georgians-want-legal-recreational-cannabis-poll-shows/

Colombian marijuana companies seek first listings on Canadian exchange

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 […]

Colombian marijuana companies seek first listings on Canadian exchange is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/colombian-marijuana-companies-seek-first-listings-on-canadian-exchange/

Spurned medical cannabis applicant in Louisiana sues state

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 […]

Spurned medical cannabis applicant in Louisiana sues state is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/spurned-medical-cannabis-applicant-in-louisiana-sues-state/

What Canada’s top CEOs say about cannabis ‘commoditization’

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 […]

What Canada’s top CEOs say about cannabis ‘commoditization’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/what-canadas-top-ceos-say-about-cannabis-commoditization/

Ohio awards medical marijuana grow license after resolving error in process

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 […]

Ohio awards medical marijuana grow license after resolving error in process is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/ohio-awards-medical-marijuana-grow-license-after-resolving-error-in-process/

Fearing cannibalization, beer companies ask Canada for higher cannabis taxes

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 […]

Fearing cannibalization, beer companies ask Canada for higher cannabis taxes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/fearing-cannibalization-beer-companies-ask-canada-for-higher-cannabis-taxes/

Lawsuit alleges California cannabis tech firm Eaze broke US law with marketing solicitations

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 […]

Lawsuit alleges California cannabis tech firm Eaze broke US law with marketing solicitations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/lawsuit-leading-california-marijuana-tech-company-broke-federal-law-with-illegal-text-messages/

Chicago-based cannabis firm GTI plans to go public in Canada

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 […]

Chicago-based cannabis firm GTI plans to go public in Canada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/chicago-based-cannabis-firm-gti-plans-to-go-public-in-canada/