Marijuana World News

Village Farms International, a Canadian greenhouse grower with a 50% stake in British Columbia-based cannabis firm Pure Sunfarms Corp., has graduated to the Nasdaq exchange. The company says it will leave the over-the-counter markets – where it trades as VFFIF – and list on the Nasdaq Capital Market as VFF. A date for the listing […]

Canadian marijuana grower Village Farms approved for Nasdaq listing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Business interest in Missouri’s medical marijuana program remains strong, with the state receiving more than 400 applications for retail, cultivation and processor licenses. The state reported that 418 business application forms have been filed, generating more than $3 million in “pre-license” fees for the state. The state started taking the forms last month. The breakdown in […]

Missouri gets 400-plus applications for medical cannabis business permits is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The United Kingdom received its first-ever import of “bulk” medical cannabis this week, marking a milestone for a market that has so far relied on patient-specific imports to meet demand, experts say. The development represents a change in how cannabis enters the country. “To date, all imports have been for a single, predefined patient. This […]

UK receives initial ‘bulk’ shipment of medical cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

U.S.-based cannabis multistate operators (MSOs) – both public and private – have hit the ground running in 2019 as they race to gain market share and establish a dominant brand. In 2018, a record number of U.S. cannabis firms turned to the Canadian Securities Exchange to fund their aggressive expansion plans, many of which are […]

Report: US-based multistate marijuana operators poised to deploy big money in 2019 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis giant Canopy Growth’s international revenue shot up to 8.2 million Canadian dollars ($6.1 million) in the nine months ended Dec. 31, a nearly sixfold increase over the same period the year before, according to the company’s third quarter fiscal 2019 results. International sales represented 5.6% of gross revenue in the quarter, more than doubling […]

Canopy Growth international revenue jumps sixfold to CA$8.2 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The initial crop of legal medical marijuana in Louisiana has made it through the first round of laboratory testing, clearing an important checkpoint to legal sales. The cannabis grown by GB Sciences passed each laboratory inspection conducted by the Department of Agriculture and Forestry, Baton Rouge TV station WAFB reported. The medical marijuana was tested for potency, […]

First medical cannabis crop in Louisiana passes lab tests is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

It’s usually assumed that Canadian licensed cannabis producers have an advantage when it comes to international expansion, but the United States may have an edge over Canada in one country: Brazil. The South American country has seen steady growth in patient numbers over the past year, with the majority of CBD products arriving from the […]

US cannabis companies have advantage for CBD exports to Brazil is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Singapore’s government signaled it could be ready to follow regional neighbors Thailand and South Korea in allowing pharmaceutical products containing cannabinoids. “It is important to differentiate between products containing unprocessed or raw cannabis and pharmaceutical products containing cannabinoids,” the Ministry of Home Affairs and Ministry of Health said in a joint statement this week clarifying […]

Singapore may allow scientifically proven medical cannabinoids is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A nonprofit credit union in Alaska, Anchorage-based Credit Union 1, is set to begin offering financial services to cannabis companies in the state in March, which will allow those businesses an avenue to reduce their reliance on cash. It is the first time marijuana companies in the state have had access to this kind of banking option, according […]

Alaska marijuana business owners to gain access to financial services is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Medical marijuana sales declined in Maine for the second straight year, a decrease that some dispensary owners blame on unfair competition both from the black market and patients growing their own product. According to the Portland Press Herald, tax data shows the state’s eight licensed dispensaries brought in $23.5 million in sales in 2018, down […]

Medical cannabis sales in Maine drop for second year in a row is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the state-legal marijuana industry, a change supporters say would reduce the risk of crime and resolve a litany of challenges for cannabis companies, from paying taxes to getting a loan. California Treasurer Fiona Ma, whose state […]

Congress urged to allow legal marijuana businesses access to bank services is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The U.S. Senate voted 54-45 on Thursday to confirm President Donald Trump’s nominee for attorney general, William Barr, installing a Justice Department veteran as the nation’s top law enforcement official. During his confirmation hearings, Barr – who previously served as attorney general from 1991-1993 and was known for his tough approach to drug offenders – […]

Senate confirms William Barr as U.S. attorney general is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana Business Daily has appointed Howard Burns, a longtime top editor in business-to-business journalism, as its editor in chief. The position is new for the company. Burns will oversee the entire editorial operation, including the MJBizDaily website as well as MJBizDaily International, Hemp Industry Daily, Marijuana Business Magazine and the company’s annual Marijuana Business Factbook and industry reports. He reports […]

Marijuana Business Daily appoints new editor in chief is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

An Arkansas legislative committee shelved an effort to more than triple the conditions that would qualify patients to use medical cannabis, a move that likely would have resulted in a more robust market. The proposal to expand the conditions list from 18 to 57 did not receive a motion to advance out of the House Rules Committee […]

Effort in Arkansas to add nearly 40 medical marijuana conditions falls short is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Utah’s biggest health-care provider – Intermountain Healthcare – told its physicians they’re allowed to write medical marijuana recommendations for patients, which could boost the number of potential customers for the state’s upcoming MMJ industry. According to The Salt Lake Tribune, the organization’s chief physician executive sent a memo to its network of roughly 1,500 doctors, […]

Largest health-care provider in Utah greenlights medical cannabis recommendations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The city of Sonora, in central California, plans to file suit against the state Bureau of Cannabis Control (BCC) over a policy adopted in 2018 that allows commercial marijuana to be delivered anywhere in the state, regardless of local bans on MJ commerce. According to The Union Democrat, the Sonora City Council voted 5-0 to […]

City of Sonora to sue California over statewide marijuana delivery policy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California-based marijuana producer and distributor Flow Kana closed a $125 million funding round – which appears to be the largest private funding round for a cannabis company in the United States. The previous record was held by the $119 million raise that Acreage Holdings closed in July 2018. Flow Kana’s latest funding round was led by Gotham […]

Craft cannabis firm Flow Kana closes record $125 million funding round is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The first “saleable” harvest from Canadian cannabis giant Aurora’s Nordic 1 facility in Denmark is expected to be ready by the end of first quarter 2019, the company disclosed in a regulatory filing released alongside its quarterly earnings this week. Products would be available the following quarter. Aurora is one of the Canadian cannabis firms […]

Aurora’s European marijuana production center expects first sales in mid-2019 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In November, California-based cannabis retailer MedMen began advertising for a crisis management planning manager. According to the job posting, the position was intended to support the company’s “employees and business units in building, sustaining and improving MedMen’s capability to prepare for, mitigate against, respond to and recover from all hazards.” In hindsight, the posting seemed […]

After string of successes, multistate cannabis firm MedMen forced to confront adversity is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Contrary to the trend of mainstream companies reaching into the marijuana industry, a firm founded to serve cannabis clients is expanding into traditional technology services for businesses that have nothing to do with the plant. Denver-based CannaRegs said in a news release it has raised $2 million from investors to launch Regs Technology, which will […]

CannaRegs looks beyond marijuana industry with $2 million capital raise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Colorado’s legal marijuana market hit a milestone at the end of 2018, going over $6 billion in combined recreational and medical sales since the adult-use market launched on New Year’s Day in 2014. But since 2016, recreational sales have continued to climb as medical sales have taken a serious dip. In 2018 alone, there was […]

Legal cannabis sales top $6 billion in Colorado is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California Gov. Gavin Newsom announced during his state of the state address on Tuesday that the National Guard has been tasked with eliminating unlicensed cannabis farms, a move welcomed by the state’s legal marijuana growers. “We applaud (Newsom) for allocating resources to eliminate very destructive and dangerous trespass grows,” Terra Carver, executive director of the Humboldt […]

California governor to send National Guard to combat illegal marijuana grows is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The nascent Oklahoma medical marijuana program continues to post strong initial numbers, with retail sales topping $4.3 million in January, a fourfold increase from the previous month, according to state Tax Commission figures. That jump is for a program that was approved by voters only last June. The Oklahoma Medical Marijuana Authority said it has […]

Oklahoma medical cannabis sales surge to $4 million in January is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In a move to get more clarity on what medical marijuana is, the European Parliament passed a resolution Wednesday calling on the European Commission and EU countries to provide a legal definition and draw a clear distinction between cannabis-based medicines approved by regulatory bodies, MMJ not supported by clinical trials and other applications of the plant. The patchwork of regulations […]

European Parliament calls for uniform definition of medical cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Greece has received as many as 30 foreign investment applications for medical and industrial cannabis production worth approximately 350 million euros ($400 million), potentially setting up the country to be the European Union’s top supplier of medical cannabis in coming years. While few of the licenses have yet to be approved, that value challenges Denmark’s […]

Greece challenges Denmark in race to be Europe’s marijuana hub is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

From Colombia to Italy, international cannabis firms are attracting investments from Canadian companies looking to further develop their international footprints.

Weekly Deal Watch: International, adult-use markets attract marijuana money is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A Massachusetts medical cannabis dispensary is closed until it corrects a dozen violations found by state regulators during surprise inspections Jan. 31 and Feb. 1. Mass Wellspring, in the town of Acton about 25 miles west of Boston, did not return calls from Marijuana Business Daily seeking comment. It was not clear how the dispensary […]

Massachusetts regulators close medical marijuana dispensary for violations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Major issues facing the cannabis industry, such as limited access to banking services, have stalled in Congress without even getting a hearing, much less a floor vote.

That will change Wednesday, when a subcommittee of the now-Democratic-controlled House Financial Services Committee hears testimony on the difficulty legal cannabis businesses have opening and maintaining bank accounts.

Congressional hearing on marijuana banking boosts industry hopes for reform, but passage far from assured is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana Business Daily has launched its seventh annual survey of cannabis industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, vertically integrated businesses, testing labs and ancillary firms, […]

MJBizDaily launches annual cannabis industry survey to collect key business data is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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