The long-awaited final versions of California’s cannabis business regulations have been published online by the trio of agencies that oversee the industry. While the rules will not be completely finalized until approved by the Office of Administrative Law (OAL) – and therefore could undergo more changes – the agencies decided to release them prior to […]
California releases drafts of final marijuana business regulations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The old debate about what to call the plant cannabis sativa L. is giving businesses real-world headaches in both new and established marijuana markets. Consider: Iowa allows medical marijuana but calls it something else. Texas restricts medical marijuana so severely that doctors must break the law to use the state’s program. California officials are struggling […]
What is ‘marijuana’? Name game limits cannabis entrepreneurs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A member of the Arkansas Medical Marijuana Commission is resigning, reducing the five-member panel to two to start the year. The market launch of MMJ in the state has been delayed before by legal challenges and licensing snags. But Scott Hardin, communications director for the Arkansas Department of Finance and Administration, wrote in an email to […]
AR medical cannabis commish resigns; April market launch still expected is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Four years after Uruguay became the first nation in the world to legalize recreational cannabis, officials announced that a call for applications to grow nonmedical marijuana for commercial purposes will go out Feb. 11, 2019. Uruguay currently has two growers, and this round could add up to five additional licensed producers (LP). Supply issues have […]
Uruguayan government announces new application process for recreational cannabis cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Cash-rich Canopy Growth bought global vaporizer leader Storz & Bickel for 220 million Canadian dollars ($160 million) in a bid to improve its portfolio of intellectual property. The all-cash deal is also intended to position Canopy to capitalize on the next wave of federally regulated products in Canada and around the world, the Smiths Falls, Ontario company […]
Canopy Growth boosts M&A transparency in wake of Aphria fiasco is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The World Health Organization (WHO) postponed its much-anticipated recommendations about the international scheduling of cannabis, citing a need for more time to review its findings. The recommendations were expected to be released today at the Commission on Narcotic Drugs (CND) 61st reconvened session in Vienna. Recommendations about several other substances were included in the WHO presentation, but the […]
WHO postpones recommendation for rescheduling cannabis at UN summit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
President Trump said Friday he is nominating William Barr - who served in the first Bush administration - to replace former U.S. Attorney General Jeff Sessions, who was an outspoken critic of marijuana legalization.
Trump taps Justice Department veteran William Barr as attorney general is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint. Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors led the funding round. Ascend has licenses in three states: Illinois, Massachusetts and Michigan. More details on the funding […]
Boston-based marijuana firm Ascend Wellness closes $40 million funding round is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Acreage Holdings has inked a $160 million deal to acquire Form Factory, a Portland, Oregon-based marijuana infused edibles manufacturer and distributor. The all-stock deal will boost Acreage’s footprint from 18 to 19 states and position the firm as a multistate consumer packaged goods firm, said George Allen, president of the New York-based company (CSE: ACRG.U). […]
Acreage inks $160 million acquisition of Oregon cannabis firm is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
(This story has been updated to include an interview with Cronos CEO Mike Gorenstein.) Altria Group, one of the largest tobacco companies in North America, has agreed to invest 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group – the most significant foray by Big Tobacco into the rapidly growing cannabis industry to […]
Marlboro maker, Cronos join forces in exclusive CA$2.4 billion deal to tap global cannabis opportunities is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The results of hundreds of marijuana lab tests in California are alleged to have been falsified, Utah’s governor signs a compromise medical cannabis bill, and two former executives from MJ retailer Sweet Leaf land in jail. Here’s a closer look at some notable developments in the marijuana industry this week. California lab fallout repercussions The […]
Week in Review: Phony CA lab data, Utah gov signs medical marijuana bill & ex-Sweet Leaf execs jailed is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A crucial milestone for the global industry could be achieved this week, as the World Health Organization (WHO) presents its findings on cannabis to the Commission on Narcotic Drugs (CND) in Vienna. The CND reconvened its 61st session on Dec. 5. The WHO’s Expert Committee on Drug Dependence (ECDD) held meetings in June and November dedicated to pre-review and review […]
Key UN summit could lead to international rescheduling of cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
One of the biggest names in cannabis retail, California-based MedMen, is facing a class action lawsuit from former employees that allege multiple labor law violations. Filed Nov. 16 in California Superior Court in Los Angeles County, the suit alleges – among other things – that two MedMen subsidiaries, Manlin I and DT Fund II Group, […]
Marijuana retailer MedMen facing class action lawsuit from former employees is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Pennsylvania officials rejected all eight growers that planned to partner with medical schools to research medical marijuana. Those cultivators also would have been allowed to compete in the commercial market with a lower barrier of entry than other licensed MMJ operators. The state will open a second round of applications in early 2019. The surprise […]
In surprise move, Pennsylvania rejects medical cannabis research cultivators is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Advocates in Utah are suing to block a compromise agreement legalizing medical cannabis, saying it wrongly guts a measure approved by voters last month. The compromise bill, which was signed into law by the governor, has more restrictive business provisions than the voter-approved measure. The lawsuit asks a judge to set aside the overhaul and […]
Utah medical marijuana advocates challenge new compromise law in court is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Canada’s stock market regulator warned publicly traded companies in emerging industries such as cannabis and fintech against “problematic promotional activities” that could artificially increase share prices and put investors at risk. The warning from the Canadian Securities Administrators (CSA) – an umbrella organization for provincial securities regulators – came amid already highly volatile cannabis stock […]
Regulator warns Canadian marijuana firms against ‘problematic practices’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Michigan on Thursday became the latest state to officially legalize the recreational use of marijuana, but it’s initially only for adult possession and use – not commercial sales. The start of what is expected to be billion-dollar-plus commercial industry is still more than a year away, but businesses are positioning themselves in anticipation. Matt Miner, […]
Adult-use cannabis legal in MI as of today; commercial market not likely until 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Alberta marijuana companies IGC Resources (TSXV: IGC.H) and Westleaf Cannabis closed a brokered private placement of 20 million Canadian dollars ($15 million), including CA$2.9 million from British Columbia-based Tilray. The capital raise was completed in connection with Westleaf’s proposed reverse takeover of IGC, which received conditional approval from the TSX Venture Exchange. The company plans to […]
IGC Resources, Westleaf Cannabis close CA$20M raise, including Tilray investment is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The blows to Aphria’s stock continued Wednesday as the Canadian cannabis giant’s share price tumbled in the wake of a scathing short-seller report. Aphria’s stock (Nasdaq: APHA) closed Wednesday at $4.51 – down more than 25% for the day. The company has been on the defensive since Monday, refuting claims lobbed by short sellers Quintessential […]
Aphria fallout: 5 takeaways on the report that sent this cannabis stock plunging is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The newly launched adult-use cannabis market in Massachusetts hit $2.6 million in sales during the second week of sales, according to figures released by the state’s Cannabis Control Commission. Data also shows that since Massachusetts’ recreational marijuana market launched Nov. 20, there have been just over $4.8 million in sales at the two stores that […]
Massachusetts recreational marijuana stores bring in $2.6M in second week of sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A long-awaited bill to permit the export of medical cannabis from Israel passed the first of three crucial votes in the country’s Parliament, potentially setting it up for approval in the first half of 2019, according to experts. The bill was passed in the first reading Monday in the Knesset after a government committee approved […]
Medical cannabis export law passes first vote in Israeli Parliament is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Beleaguered Canadian cannabis giant Aphria was given a noncompliance rating and issued a warning letter by Health Canada in June over “critical” findings discovered in a routine annual inspection. During the inspection, Health Canada identified three critical items related to recordkeeping, good production practices and sanitation and maintenance of Aphria’s facility in Leamington, Ontario, the […]
Aphria warned by Health Canada about ‘noncompliance’ in June is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Luxembourg’s plan to legalize recreational marijuana may be a milestone for the European Union, but business opportunities will be limited by a provision that would allow sales only to the country’s “adult residents.” The new government “isn’t considering transforming Luxembourg into a cannabis tourism destination,” a source in the Luxembourg Socialist Workers Party – one of the coalition […]
Luxembourg releases recreational marijuana proposal for ‘residents only’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A group of licensed medical marijuana companies resumed efforts to challenge Pennsylvania’s MMJ clinical research program in court, saying the effort needs to pause until it has a transparent vetting process for selecting cultivators. At the heart of the lawsuit, filed last week against the state in the Commonwealth Court of Pennsylvania: The companies selected […]
Pennsylvania medical cannabis operators renew legal challenge is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Marijuana Business Magazine covers ambitious companies that are growing across the United States, picking up the pieces following natural disaster...
Behind the Cover: Marijuana Business Magazine’s November/December Issue is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
The Nevada Supreme Court dismissed a lawsuit that would have required the state to license only alcohol wholesalers as distributors of recreational marijuana. The decision doesn’t have an immediate effect, but “when we decide to open up more (distributor) applications, it will allow us to select from a broader range of applicants,” said Stephanie Klapstein, […]
Nevada high court dismisses liquor firms’ adult-use marijuana distribution suit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
It may soon become easier for more patients to purchase medical cannabis in Pennsylvania, a development that could boost dispensary sales. The state’s Medical Marijuana Advisory Board approved a new process for adding medical ailments to the list of treatable conditions, the Tribune-Review reported. In coming weeks regulators will start accepting petitions for new conditions […]
Pennsylvania may expand medical cannabis qualifying conditions list is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Minnesota is adding Alzheimer’s disease as a qualifying condition for medical marijuana, a move that could provide a boost to MMJ sales. More than 94,000 Minnesota residents are afflicted with Alzheimer’s, according to the Alzheimer’s Association, but it’s unclear how many of those will enroll in the program. Those who do will be eligible to […]
Minnesota adds Alzheimer’s as medical marijuana condition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A Denver company that makes CBD drinks has agreed to acquire a Utah beverage company to increase its distribution might, especially in Asia. New Age Beverages Corp. (Nasdaq: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Here’s what you need to know: New Age will pay $75 million […]
CBD beverage maker eyes global expansion via $85M purchase of Utah company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
