Marijuana World News

Illinois became the 11th state in the nation Tuesday to legalize adult-use marijuana after Gov. J.B. Pritzker signed a recreational bill into law. The governor’s historic bill signing comes not long after New York and New Jersey both failed to legalize potential billion-dollar commercial recreational programs. What lessons were learned by the cannabis industry, and how […]

What’s next in New York and New Jersey? Marijuana business experts weigh in is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Changes to California’s marijuana packaging regulations will require all vaporizer cartridges to display the state’s version of the universal symbol, a move that will cause manufacturers to adjust practices and spend considerable money to comply. The symbol is a triangle bordering a marijuana leaf and an exclamation point with CA underneath. CA is California’s postal […]

California cannabis vape cartridges required to include universal symbol is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Illinois Gov. J.B. Pritzker on Tuesday signed a recreational marijuana legalization bill into law, paving the way for the creation of a potential $2 billion market with strong business opportunities. With the signature, Illinois becomes the first state in the country to legalize retail sales through its Legislature and the 11th overall to approve adult […]

Illinois becomes 11th state to legalize adult-use marijuana; $2B market projected is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In what may be a potential first for the marijuana industry, a Southern California cannabis farmer filed suit against another grower in federal court and is attempting to use anti-racketeering laws to back up the legal claims. In a lawsuit filed in U.S. District Court in the Central District of California, Santa Barbara County businesswoman […]

California cannabis grower sues another under federal racketeering statutes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

To shrink a massive surplus of cannabis, Oregon Gov. Kate Brown signed into law a bill that would permit the state to enter into agreements to export marijuana to other states. However, such cannabis exports currently can’t be accomplished because federal law bars the interstate shipment of marijuana. The federal government must first lift its MJ prohibition for […]

Oregon now poised to export marijuana – provided the US government lifts its MJ ban is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canada’s largest business association is throwing its weight behind the cannabis industry. Canada must do more to realize the full economic potential of the country’s marijuana sector, according to the Canadian Chamber of Commerce. The Chamber has established the National Cannabis Working Group to advocate on businesses’ behalf to improve the sector’s competitiveness. “This partnership […]

Canadian Chamber throws weight behind cannabis industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Santa Barbara County, California, has the most marijuana cultivation licenses of any county in the state. It also just made a huge bust, with sheriff’s deputies seizing 20 tons of illegal cannabis and destroying 350,000 plants. That should come as good news to licensed MJ businesses in the county who have seen their bottom lines […]

Southern California county seizes 20 tons of illegal cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The number of financial institutions actively banking marijuana-related businesses in the United States is rising, but the true number is far fewer than U.S. Treasury data indicates, according to one industry executive. Data released by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) shows the number of banks and credit unions actively banking marijuana-related businesses […]

Chart: Ranks of US banks serving cannabis firms growing, but data may overstate true number is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

High Times Holding Corp., the parent company of the iconic High Times cannabis magazine, fell well short of its $50 million equity raise target and will aim for a listing on the OTC markets as opposed to the Nasdaq. Here’s what you need to know: In an SEC filing dated May 31, 2019, High Times […]

Marijuana firm High Times explores OTC, not Nasdaq, as it falls short of capital target is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

As Canada’s biggest cannabis producers lose money hand over fist, companies that execute successfully in their home country and overseas are poised to stand out. One such company is Organigram. The New Brunswick-headquartered producer is laying the groundwork to capitalize on the next round of legalization in Canada – the launch of the edibles, extracts […]

Organigram ‘actively seeking beverage partner’: Q&A with CEO Greg Engel is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In the past month and a half, officials in one California county – assisted by members of the Army National Guard – have served multiple search warrants and seized nearly 20,000 illegal marijuana plants. It’s a reminder that the state’s ongoing crackdown continues against an unlicensed cannabis market that is undermining legal operations. The raids all […]

California county seizes almost 20K illegal cannabis plants in May, June is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

More than 42,000 medical marijuana patients in Ohio have signed up since the program went live in January, but half of those registered haven’t purchased cannabis because it is too pricey. A tight supply as a result of a lack of licensed cultivators, processors and dispensaries is keeping prices steep at retail stores, though costs have […]

50% of Ohio’s registered medical marijuana patients not buying, citing high cost is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Missouri’s potentially robust medical marijuana market, with a tentative 2020 launch, is running into early resistance from doctors reluctant to recommend MMJ products to qualifying patients. “I don’t think doctors are hostile,” said Dan Viets, head of the Missouri Medical Cannabis Industry Association. “The simple fact is that most doctors are uninformed about the use […]

Reluctant doctors could hamper Missouri’s nascent medical cannabis program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A recent move in New Hampshire could make it easier for patients to receive medical cannabis recommendations and, thus, boost medical marijuana sales in the state. Physician assistants soon will be able to recommend MMJ in New Hampshire as Republican Gov. Chris Sununu signed a bill expanding the list of providers who may do so. […]

NH to allow physician assistants to recommend medical marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Here are some notable stories and events to watch for in the coming days: VERMONT HEMP HEARINGS: The Vermont Agency of Agriculture, Food and Markets (AAFM) will hold its first public hearings to discuss the rulemaking process for the state’s hemp program. The hearings are scheduled for Thursday in Brandon and Friday in Newport. According to […]

Marijuana Business This Week: Vermont hemp hearings, Michigan cannabis warning labels, Medicine Man update & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Adult-use cannabis sales in Canada’s largest consumer market more than doubled in April on the back of new store openings, representing “powerful evidence” of pent-up demand for regulated marijuana after months of stagnation, according to experts. Receipts of recreational-use cannabis products in Ontario totaled 19.6 million Canadian dollars ($15.1 million) in the month, recent data from […]

Ontario cannabis sales see major boost from physical store rollout; BC sales drop is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Three medical marijuana companies in Pennsylvania received approval from the state’s department of health to grow medical marijuana for research in partnership with three universities. New evidence-based research that provides physicians better insight into MMJ could encourage additional doctors to recommend the medicine, which would boost sales. The three approved research growers, according to The […]

Pennsylvania approves three cannabis businesses for research program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Aiming to slow illicit cannabis sales that are undercutting the nation’s largest licensed market, California is kicking off a public information campaign – Get #weedwise – that encourages consumers to verify their purchases are tested and legal. Advertisements will be hitting social media sites and billboards promoting a state website, CApotcheck.com, where shoppers can quickly check […]

CA anti-illegal marijuana campaign drives buyers toward licensed firms only is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maine lawmakers approved a regulatory framework that will allow the sale of recreational marijuana as soon as the spring of 2020. The measure approved by lawmakers now goes to Gov. Janet Mills for her expected signature, the Portland Press Herald reported. A spokesman said Friday the governor intends to do so in the coming days. […]

Maine lawmakers OK adult-use cannabis rules, setting stage for 2020 sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The U.S. House of Representatives approves a bipartisan amendment that would shield state-legal cannabis programs from interference by the U.S. Department of Justice, Acreage and Canopy shareholders OK the planned acquisition, New York’s adult-use cannabis legislation hits a wall – plus other important news from around the industry. US House OKs provision protecting state-legal cannabis industries […]

Week in Review: House votes to protect legal MJ, Acreage/Canopy shareholders decide, NY adult-use cannabis roadblock & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Ontario, Canada-based marijuana firm Canopy Growth reported net revenue of 94.1 million Canadian dollars ($71.5 million) for the fiscal fourth quarter ended March 31, up from CA$22.8 million in the same period a year ago.

Canopy Growth reports increased marijuana revenue, mounting losses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In a landmark move Thursday, the U.S. House of Representatives soundly approved by a 267-165 vote a bipartisan amendment that would protect state-legal cannabis programs from interference by the U.S. Department of Justice. The amendment to the fiscal year 2020 Commerce-Justice-Science spending bill specifically prohibits the Justice Department from using funds to prevent states, Washington […]

In ‘historic vote,’ US House protects state-legal cannabis programs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Nevada’s top cannabis regulator defended in court the state’s handling of a recreational marijuana retail licensing round that occurred last year. While not perfect, “the application process was a fair process,” said Jorge Pupo, head of Nevada’s marijuana enforcement division, according to the Las Vegas Sun. Pupo’s testimony in Clark County District Court came this […]

Nevada official testifies that marijuana licensing process ‘fair’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Vireo Health, a Minneapolis-based multistate marijuana operator, said it is expanding into Puerto Rico, the company’s 11th state or territory of cannabis operations. Vireo will have the opportunity in Puerto Rico to run a cultivation and processing facility plus up to six dispensaries on the island. Christian Gonzalez, a native of the territory who has […]

Cannabis company Vireo Health expands into Puerto Rico is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Despite a well-intentioned social equity program in Massachusetts that aims to provide a pathway into the cannabis industry for victims of the war on drugs, few have jumped at the opportunity. Only five entrepreneurs have turned in business license applications, though 123 permits are up for grabs, according to Masslive.com. The situation may reflect the high […]

Only five applicants for 123 social equity marijuana permits in Massachusetts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana industry advocates urged the U.S. Congress to extend the federal government’s small business financial assistance programs to marijuana-related companies. Shanita Penny, president of the Minority Cannabis Business Association, said that while the association has “worked tirelessly to ensure cannabis policy is equitable on every level, our efforts have been crippled by a lack of […]

US Congress urged to open SBA programs to cannabis firms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

For the fourth year in a row, MJBizCon ranked as the fastest-growing trade show in the United States, echoing the rapid growth of the MJ industry both in this country and overseas. The business-to-business conference, put on each fall by Marijuana Business Daily, finished first for percentage growth in paid net square feet of exhibit […]

MJBizCon is fastest-growing trade show again, mirroring marijuana market’s growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A company operating Canada’s first mobile app marketplace for alcohol is extending its reach to the nation’s regulated adult-use cannabis industry. Toronto-based Boozer on Thursday unveiled its wholly owned subsidiary, Super Anytime, which aims to provide a marketplace for consumers to purchase marijuana products from various licensed retailers – making it “first to market with […]

Toronto firm to launch ‘Uber Eats-style’ cannabis platform is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Los Angeles marijuana czar Cat Packer did an impromptu Oprah Winfrey impersonation during an appearance at a Mendocino County retreat earlier this month when asked what she’d do with an unlimited budget and staff. “Everyone would get licenses!” the director of the Los Angeles Department of Cannabis Regulation said with a smile, spurring the audience to […]

Here’s why nobody is happy with the current state of the Los Angeles marijuana industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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