Marijuana World News

New Mexico's medical cannabis program drew 215 patients from outside the state in November after legislative reforms did away with an in-state residency requirement.

Medical marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

CannTrust Holdings said the New York Stock Exchange has notified the Canadian marijuana producer that its stock price had fallen below the $1-a-share threshold required to continue trading on the Big Board. The Vaughan, Ontario-based company said in a news release it has six months to regain compliance. In the meantime, CannTrust’s stock, which trades […]

New York Stock Exchange warns cannabis producer CannTrust its listing in danger is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Denmark might need to extend its medical cannabis trial plans in order for the government to conduct a mandated midterm evaluation of the pilot program, Health Minister Magnus Heunicke said. The four-year program launched in 2018, and a formal evaluation is required to take place in 2020. The number of patients who accessed medical cannabis […]

Denmark eyes medical marijuana trial extension  is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana Business Daily‘s annual MJBizCon – which caters to attendees from more than 75 countries – has extended its scope for the 2019 event with significantly broader program offerings surrounding hemp, marijuana investing, the science of cannabis and more. The series of events are part of the larger MJBizConWeek, which runs from Dec. 9 to […]

Expanded cannabis content offerings highlight MJBizCon as attendees from around the world descend on Las Vegas is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arkansas posted impressive medical marijuana sales during the first six months of operation, surpassing $21 million, despite the state's difficulties in getting dispensaries online.

Chart: Lack of dispensaries doesn’t limit first six months of Arkansas medical marijuana sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

More than 20 congressional lawmakers sent a bipartisan letter to U.S. Attorney General William Barr, requesting that the Drug Enforcement Administration allow federally-licensed researchers to buy products from state-legal dispensaries to study the medical benefits and risks of cannabis.

Marijuana research is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canada’s largest cannabis company by revenue has appointed David Klein as its new CEO, effective Jan. 15, 2020. Klein currently serves as Canopy Growth’s board chair and chief financial officer (CFO) at Constellation Brands, which became the Smiths Falls, Ontario, company’s largest shareholder earlier this year. Klein will step down from his role at Constellation, […]

Canopy Growth hires ex-Constellation exec David Klein as CEO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Flurries of meetings and negotiations have occurred behind the scenes in Sacramento since California announced a cannabis tax increase last month. The stakes surrounding these discussions – all aimed at lowering the marijuana industry’s tax burden – are nothing less than the survival of the state’s legal marijuana market, according to some industry watchers. Representatives from multiple […]

California marijuana tax hike puts future of legal market in spotlight amid worries over state industry’s viability is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

At a time society is crying out for businesses to show an environmental conscience, marijuana companies nationwide are searching for ways to do their part and keep their ecological footprints as small as possible.

How marijuana firms can adopt environmentally friendly practices and avoid the greenwashing trap is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maine cleared a major hurdle on its path to legalize the sale of adult-use cannabis by launching the application process for businesses seeking to sell recreational MJ.

Recreational marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

After Brazil’s health authority shelved a proposal on domestic cannabis cultivation this week, a court decided in the opposite direction, allowing – for the first time in Brazil – a company to grow hemp commercially. The court’s decision could spur other cannabis companies to appeal to the judicial system for permission to cultivate domestically. The […]

Brazilian court decision could encourage other cannabis companies to seek approval for cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Findings from Alberta, Canada’s smoking law review could lead to legislative or regulatory changes involving cannabis vaping – though the analysis is not specifically aimed at cannabis – the Treasury Board and Finance ministry told Marijuana Business Daily. The review, which started in October, is being conducted because Alberta’s current legislation does not address vaping […]

Alberta weighs legal changes for marijuana vape market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Two federally regulated cannabis companies, including one of the earliest licensed producers in Canada, sought creditor protection this week. Wayland Group on Monday said it is seeking creditor protection to pursue restructuring and consider financing arrangements. Wayland subsidiary Maricann became the 19th licensed producer in Canada by receiving its federal approval in early 2014. NVS […]

One of Canada’s oldest cannabis producers seeks creditor protection is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Michigan launches its recreational marijuana industry, California-based Harborside appeals a closely watched federal tax case, Brazil lays the groundwork for what could become one of the world’s largest medical MJ import markets – and more of the week’s top cannabis news. MI adult-use sales begin with limited number of stores open Michigan’s first day of […]

Week in Review: Michigan begins adult-use cannabis sales, Harborside appeals tax case, Brazil sets stage for big import market & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The Gießen Administrative Court (VG Gießen) ruled that local authorities in Germany were right to not permit sales of CBD products that don’t have a “novel food” authorization.

German court confirms CBD without ‘novel’ designation can’t be sold as food is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Some African-American aldermen in Chicago are concerned that the legalization of recreational marijuana in Illinois on Jan. 1 will give white retail store owners an advantage.

marijuana social equity is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Another Canadian province established hurdles for the legal sale of marijuana vape products weeks ahead of their rollout across the country. Newfoundland and Labrador joined Quebec this week in banning the products, while British Columbia earlier said it’s raising its sales tax on legal oil and dried flower vapes to 20%. All three provinces cited severe […]

Canadian provinces erect barriers for regulated cannabis vape market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state’s cannabis industry. Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses. For example: Denver-based Medicine Man Technologies through the year announced an almost […]

New Colorado law boon for cannabis capital, but concerns remain for minority businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Denver-based cannabis technology company MassRoots’ website has been offline for a number of days, raising fresh questions about the financial health of a company that has been in turmoil since at least 2017. Isaac Dietrich, the company’s founder and chief executive officer, maintained in an email to Marijuana Business Daily that the cannabis social networking pioneer […]

Is cannabis technology company MassRoots out of business? CEO insists no is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Brunswick, Canada, marijuana publishing company Civilized Worldwide is “temporarily” laying off its entire workforce ahead of a pending sale to Washington DC-based New Frontier Data. New Frontier, a data and analytics company, said in a news release it has completed its diligence and will move forward with its acquisition of Civilized. The companies did […]

Canadian cannabis publisher Civilized sheds jobs amid New Frontier purchase is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Jushi Holdings, a Florida-based marijuana and hemp operator, said it received approval to begin trading on the Canadian Securities Exchange (CSE) as JUSH.

Medical marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Brazilian health authorities rejected domestic cultivation of medical marijuana but agreed to permit the distribution of medicinal cannabis products that have not completed clinical trials, potentially setting up one of the largest import markets in the world. The new rules, adopted Tuesday, allow bulk imports and sales in pharmacies for the first time. Tuesday’s decision – involving […]

Brazil’s new medical cannabis rules reject domestic cultivation, potentially setting up large import market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana Business Daily has selected cannabis industry pioneers Steve DeAngelo and Wanda James as the inaugural inductees into the MJBizDaily Awards Hall of Fame, which will be showcased next week during MJBizCon in Las Vegas. They are being recognized as social justice warriors and savvy entrepreneurs who have broken down barriers in ways that have helped other […]

MJBizDaily Awards Hall of Fame inductees: cannabis business pioneers Steve DeAngelo and Wanda James is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The number of legal cannabis product batches undergoing lab testing in California each month has rebounded since a lull over the spring and summer and, as of late November, was on pace to grow even more before the end of the year. But the increase in legal product making its way through the supply chain met […]

Uptick in California lab-tested marijuana products met with both hope and skepticism from industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A law forming the legal foundation for a medical cannabis industry in Barbados has overcome the last important parliamentary hurdle after being approved by the Eastern Caribbean country’s Senate. The law, which covers activities related to cultivation, processing, dispensing and export, empowers the Medicinal Cannabis Licensing Authority to develop policies and guidelines for a newly […]

Barbados medical cannabis law clears final hurdle in Parliament is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Minnesota is expanding the state’s medical cannabis program to include chronic pain, a move that is expected to substantially boost sales since the condition is typically the leading driver for MMJ recommendations.

Medical cannabis licensing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Zealand has unveiled a draft law detailing the strict controls that would apply to recreational marijuana businesses and consumers if voters choose to legalize adult use in a 2020 referendum.

New Zealand’s adult-use cannabis law would allow consumption lounges but impose cultivation limits is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Massachusetts’ recreational marijuana industry recorded nearly $400 million in its first full year of sales, a strong initial sum given the dearth of retail stores throughout the state. But the market has significant room for growth, which will come as regulators approve more applications and access to the legal market improves. From August through October, […]

Chart: First year of adult-use cannabis sales in Massachusetts doesn’t disappoint is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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