Marijuana Business Daily reporters were on the ground in Canada, providing live coverage of the nation’s historic launch of its recreational cannabis market. Our staff filed updates throughout the day, providing you a front-row seat for the opening of recreational shops and to get insights on sales, challenges, successes and breaking news from the largest country […]
Canada’s Landmark Day: Country launches industrialized world’s first recreational cannabis market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Former Canadian Prime Minister Brian Mulroney plans to join the board of New York-based Acreage Holdings, becoming the latest political heavyweight affiliated with the multistate marijuana company. Mulroney – prime minister from 1984 to 1993 – will join a board stacked with political and corporate veterans, including: former U.S. House Speaker John Boehner; former Massachusetts […]
Former Canadian PM Mulroney to join US cannabis company Acreage is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The Ontario Cannabis Store, the government-sponsored online cannabis retailer – and, for now, the only Ontario outlet selling marijuana in Canada’s most-populated province – is experiencing a blitz of business but also some glitches. The Ontario Cannabis Store has registered 38,000 sales since going live at midnight local time, said Ontario Premier Doug Ford, according […]
Sales blitz and speedbumps for Ontario Cannabis Store’s e-commerce site is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A bipartisan group of legislators wants the Trump administration to explain how the U.S. plans to deal with Canadians involved in the cannabis industry as that nation rolls out its adult-use market and in the wake of reports of border crackdowns. According to Rolling Stone, the lawmakers are sending a letter to the administration Wednesday, […]
Lawmakers seek clarity on US border stance toward Canadian marijuana workers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Provincial wholesalers and online retailers of recreational cannabis are lining up new distributors to avert a possible disruption in deliveries if Canada Post workers go on strike next week. The union representing 50,000 employees of Canada’s main postal company gave notice that its workers could walk off the job if a new labor deal is […]
Provinces warn of marijuana delivery delays if Canada Post strikes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Canada took its first steps into a future of legal cannabis Wednesday, but what that means for prohibition in other countries largely remains to be seen. Will other countries follow Canada’s move toward ending prohibition? What impact will ending prohibition there have on global medical cannabis markets? Canadian Senator Tony Dean believes every country will […]
Is Canada’s marijuana legalization a ‘template’ for the world to follow? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The first legal crop of medical marijuana in Louisiana is set to be harvested this week. However, testing is still necessary before product can ship, and the state hasn’t yet selected a third-party laboratory. The licensed grower working with the Louisiana State University Agriculture Center, GB Sciences, expects to start the drying process by next week, The […]
Louisiana’s first medical cannabis harvest to start this week is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Michigan Gov. Rick Snyder, as expected, signed legislation to immediately prohibit cannabis-infused alcoholic drinks in the state. The law enacted Tuesday bars the use, possession or sale of marijuana-infused beer, wine, liquor and mixed drinks. The Republican governor’s signature follows overwhelming legislative support of the bill. Supporters said the measure was a pre-emptive move in case […]
Michigan bans marijuana-infused alcoholic drinks is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
In this month's issue of Marijuana Business Magazine, we cover concentrate questions in Extraction Smackdown, speak on holiday branding, THC versus CBD ...
Behind the Cover: Photos from Marijuana Business Magazine’s October 2018 Issue is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Canada opened its doors to recreational marijuana Wednesday, becoming the first Group of Seven industrial nation to legalize recreational marijuana at the federal level. While few brick-and-mortar stores were actually operational, the launch marks the start of what will eventually become a multibillion-dollar industry. Across Canada, only about 100 physical stores were expected to begin […]
Canada embarks on legal cannabis: What we’re watching is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Readers of the Wall Street Journal were greeted Tuesday morning by a full-page advertisement calling on President Donald Trump to lift federal marijuana bans, as U.S. cannabis firms seek to capitalize on Canada’s recreational launch. “We want to get cannabis into the national narrative because this industry presents the biggest economic opportunity our generation will […]
US cannabis firm places Wall Street Journal ad to appeal to Trump is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Montana regulators have set the maximum amount of space that medical cannabis providers are allotted per patient at 30 square feet, causing overproduction concerns among licensed marijuana companies. The state health department set the amount for square footage for each registered patient while finalizing rules for the medical marijuana program earlier this month, the Billings Gazette […]
Montana regulators set rules on medical marijuana cultivation space is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
When Canada becomes the first Group of Seven country to legalize recreational cannabis on Wednesday, market observers say it will amount to a “soft launch,” with the full financial effect of this multibillion-dollar industry still years from being realized. The early months will be marked by a small number of stores, limited product selection and […]
Full financial effect of Canada’s recreational marijuana ‘soft launch’ may be years away is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The vast majority of Canadian consumers who had hoped to start legally growing their own cannabis for recreational use as early as Wednesday will be out of luck. Wholesalers in the country’s two largest cannabis markets – Ontario and British Columbia – confirmed to Marijuana Business Daily that they will not have recreational marijuana seeds or […]
‘Shortage’ of marijuana seeds may delay legal Canadian home grows is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
New Jersey is allowing medical marijuana dispensaries to advertise prices on their websites and social media, a move generally welcomed by the state’s cannabis industry as a way to differentiate offerings. “Certainly it’s going to be good for businesses,” said Scott Rudder, president of the New Jersey CannaBusiness Association. “It gives them the opportunity to show […]
New Jersey medical cannabis dispensaries can now post prices online is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
On the eve of Canada’s historic launch of its recreational marijuana program, the global cannabis industry appears poised for explosive growth thanks to the confluence of a host of market developments. “The well-capitalized cannabis industry has been evolving rapidly and looks to address a far larger (market) than we had originally forecast,” Wall Street analyst […]
Ahead of Canada’s big day, forecast for cannabis industry gets a boost is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A harder stand on drugs by Colombia’s new president won’t have a negative impact on the country’s burgeoning legal medical cannabis industry, according to executives in the country – and it could even be a positive development for the sector. President Ivan Duque signed a decree on Oct. 1 banning the possession and use of […]
Colombian government’s antidrug stance could boost legal cannabis industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
More enforcement actions indicate that state and local authorities in California continue to step up efforts to crack down on black-market cannabis operations, a development that could help licensed businesses that have long complained that illicit operators undercut their sales. Here’s a roundup of some of the latest enforcement news from California: Detectives with the […]
CA busts on illegal marijuana operations continue: Thousands more plants seized is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
New Jersey’s medical marijuana program regulators won’t make the Nov. 1 deadline to announce the winners of six additional dispensary licenses. Demand for medical marijuana in the Garden State spurred New Jersey Gov. Phil Murphy in July to call for doubling the number of dispensaries, from six to 12. But the state has been flooded with […]
NJ medical cannabis program delayed by glut of dispensary applications is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
While hemp and marijuana may be close relatives, most hemp-derived CBD retailers don’t sell the products alongside medical cannabis. But as state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to […]
Chart: The days of CBD-only stores may be numbered is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
California-based marijuana giant MedMen released an inaccurate statement this week saying it had signed a definitive agreement to acquire a licensed dispensary from Berkeley Patients Group, one of the nation’s oldest cannabis retailers.
MedMen corrects statement about acquiring marijuana store from Berkeley Patients Group is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Washington state regulators Friday abruptly reversed a recent decision halting the production of certain marijuana edibles and will now allow infused product makers to manufacture state-approved gummies and hard candies, a spokesman for the state’s Liquor and Cannabis Board (LCB) told Marijuana Business Daily. The reversal – which came after fierce industry opposition – will no doubt […]
In reversal, WA state permits production of cannabis gummies, hard candies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Hawaii’s first and biggest cannabis testing lab is sending back a sizable percentage of the medical marijuana it tests for contaminants. Honolulu-based Steep Hill Hawaii is rejecting 20%-30% of the marijuana that comes through its doors, according to Hawaii News Now. Michael Covington, chief operations officer for Steep Hill Hawaii, told the news outlet that 95% […]
Hawaii lab rejects more than 20% of medical marijuana tested is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Forging physician signatures can get someone booted from the marijuana industry and could lead to jail time. That’s the hard lesson Carolan Krajewski, owner of Delaware Holistic Medicine, is learning after pleading guilty to tampering with public documents. The business, which previously was known as Disjointed, provided health records to help patients get medical marijuana […]
DE medical cannabis business owner gets industry ban for forging doctor’s signature is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Multistate cannabis operator Cresco Labs is looking to go public in Canada via a reverse takeover (RTO), the latest U.S. firm to use this path to a listing on the Canadian Securities Exchange (CSE). Cresco announced Wednesday that it’s pursuing an RTO of Randsburg International Gold, an Ontario-based firm that has no significant operations but is listed on […]
Marijuana firm Cresco Labs charts plan to go public in Canada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Three former executives claim in a new lawsuit that prominent California marijuana consultant Avis Bulbulyan is a “talented prevaricator” whose “entire professional image is built on a carefully manufactured foundation of deceptions.” The suit, filed last week by Lance Ott, David Yeager and Steve Baghoomian, alleges Bulbulyan lured them to join his cannabis consultancy, SIVA […]
California cannabis industry heavyweights file lawsuit in response to federal suit filing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Oklahoma banking officials are urging financial institutions to be cautious or even stay clear of the state’s nascent medical marijuana industry, dealing a potential setback to MMJ companies hoping to secure accounts with local banks or credit unions. Oklahoma banking commissioner Mick Thompson told a legislative working group that financial institutions must weigh the dangers […]
Oklahoma banking officials warn banks about serving medical marijuana firms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]
Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Specially trained doctors will be able to legally issue prescriptions for cannabis-based medicines for the first time in the United Kingdom starting Nov. 1, marking an important milestone for the medical marijuana industry in the country. The law introduced in the U.K. Parliament today will ultimately pave the way for one of the largest MMJ […]
United Kingdom sets date for first medical cannabis prescriptions is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Social media giant Facebook will stop blocking marijuana-related searches, including those for legitimate businesses with the word “cannabis” or “marijuana” in the name, MarketWatch reported. The move, which ends a monthslong block on cannabis and related search results, is expected to help marijuana businesses engage with consumers via social media. Facebook’s unexpected decision comes ahead of […]
Facebook to allow cannabis searches ahead of Canada’s adult-use legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
