Marijuana World News

More than a fifth of the cannabis companies in Sacramento, California, are confronting the possibility of at least a temporary suspension of operations on the first day of February. City regulators sent notices to dozens of registered marijuana businesses in December as a reminder they had not formally completed the process for acquiring a Sacramento […]

About 20% of licensed marijuana companies in California’s capital city face temporary closure is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Prospective contractors in Quebec have until Feb. 3 to submit proposals to renovate almost five dozen new adult-use cannabis branches slated to be opened over the coming three years. The province is looking to expand the number of adult-use cannabis stores beyond the 43 scheduled to be opened by March 31. “The call to tender […]

Deadline nears for proposals to renovate new Quebec cannabis stores is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Sponsors of the cannabis banking bill that passed the U.S. House appeal to the chair of a key U.S. Senate panel, lenders provide Cresco Labs $200 million in debt financing, police urge Denver marijuana store owners to take added security measures – and more of the week’s top MJ business news. Marijuana banking reform The four […]

Week in Review: US House members reach out to Senate on marijuana banking, Cresco gets $200M in debt financing, Denver MJ store burglaries & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

British Columbia accounted for almost all of Canada’s latest month-over-month increase in adult-use marijuana sales as the nation's westernmost province is seeing improved access with a slate of new store openings.

BC’s adult-use cannabis sales spike in November to pace Canadian growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

An American Indian tribe in Oklahoma is exploring ways to become involved in the marijuana industry, while a South Dakota tribe will vote on whether to legalize medical and adult-use cannabis its reservation. The Cherokee Nation in Tahlequah, Oklahoma, is seeking recommendations from a seven-member committee by May 31 on marijuana and hemp opportunities for the […]

Tribes in two states considering cannabis opportunities is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

It took only two days for Missouri regulators to award all 192 medical cannabis store licenses in the state. Voters approved a constitutional amendment in 2018 that requires the state’s Department of Health and Senior Services (DHSS) to license at least 192 dispensaries, 24 in each of Missouri’s eight congressional districts, according to St. Louis Public […]

Missouri licenses 192 medical marijuana dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana stores in Alaska will be among the first in the United States where state-sanctioned on-site consumption is permitted. Alaska regulators approved licenses for the first retail stores where customers can smoke or consume marijuana products. Some cities in other states have approved MJ consumption sites. For example, the City Council in Springfield, Illinois, recently approved a […]

Alaska licenses state-approved social cannabis consumption is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian cannabis producer Aphria said Friday it has entered into an agreement with an institutional investor for a strategic investment worth 100 million Canadian dollars ($76 million). Chief Corporate Affairs Officer Tamara Macgregor told Marijuana Business Daily the investor requested to remain anonymous. The investor agreed to purchase just over 14 million Aphria units at CA$7.12 apiece. […]

Aphria secures CA$100 million injection from anonymous investor is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Medical marijuana companies in Canada interested in exploring business opportunities overseas are eligible to receive financial aid and other forms of support from the federal government through Canada's Trade Commissioner Service (TCS).

Canadian medical cannabis firms eligible for federal government funding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New York Gov. Andrew Cuomo has revived the prospects for legalizing recreational marijuana sales in 2020 through the state’s Legislature, but cannabis businesses are taking a tentative approach after legalization efforts failed a year ago and similar sticking points remain. If the state approves adult-use cannabis sales, it is expected to create a multibillion-dollar recreational […]

Cannabis firms cautiously optimistic New York could legalize adult-use sales this year is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Citing the 2019 vaping crisis, California cannabis regulators on Thursday mandated that licensed marijuana retailers and distributors display a QR code in order to differentiate legal cannabis businesses from illicit ones. The new regulation will go into effect after it’s approved by the state Office of Administrative Law, which will likely take at least two weeks. “The […]

California to require marijuana retailers to exhibit QR code is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Michigan regulators recalled 9,380 vaping cartridges containing vitamin E acetate sold by a licensed medical marijuana dispensary in Detroit. The vape cartridges recalled by the state’s Marijuana Regulatory Agency (MRA) came from Plan B Wellness. In December, the MRA issued a statewide recall of cartridges with high levels of vitamin E acetate, which has been linked to lung […]

9,000 vape cartridges recalled from Detroit medical cannabis store is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Businesses will be barred from marketing cannabis edibles under New Zealand’s medical program, which kicks off in April, the government confirmed to Marijuana Business Daily, eliminating for now the opportunity for companies to capitalize on what could be a sizable market. Some businesses had believed that doctors would be allowed to prescribe edibles. A Health […]

No edibles under New Zealand’s medical cannabis scheme, government says is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cresco Labs, a multistate cannabis operator based in Chicago, said it has secured up to $200 million in debt funding from a syndicate of lenders. The money is earmarked to: Expand operations in Illinois, where it’s based. Finance pending acquisitions Fund other growth initiatives. The company expects to draw down up to an initial $100 […]

Cresco Labs secures up to $200M in debt for marijuana operations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Thailand is on track to be competitive in the nascent Asian medical marijuana and hemp markets, but the full commercialization of the sector and liberal access for private businesses is not likely to be implemented before 2024, according to a new report. The country’s medical cannabis market is characterized by high potential, fast regulatory developments […]

Report: Thailand issues 442 medical cannabis licenses, but full market access years away is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Illinois’ capital city approved the first social consumption marijuana establishment in the state. Illinois Supply and Provisions plans to connect the consumption space to its recreational and medical marijuana store in downtown Springfield, the Chicago Tribune reported. The company, which got the OK from the Springfield City Council on Monday, is still working out details of […]

First cannabis consumption site in Illinois gets nod is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Licensed California cannabis companies face a business climate that's arguably more dire than ever before, despite the hope that came with the launch of legalized adult-use sales in January 2018.

Two years in, California’s legal marijuana businesses struggle with financial woes as they battle illicit market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The medical cannabidiol market is becoming more competitive in Germany, as 2020 kicks off with one new CBD option that pharmacists can dispense to patients. A Cologne, Germany-based distributor of medical cannabis started offering pure CBD in kits with which pharmacists can compound preparations according to a doctor’s prescription. The kits allow pharmacists to prepare […]

German pharmacies have new pharmaceutical CBD supplier is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Two indices tracking the performance of cannabis companies on North America's largest stock exchanges have launched in recent months, demonstrating a growing level of mainstream interest in the burgeoning industry.

S&P, Toronto Stock Exchange launch cannabis indices is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The four lead sponsors of the successful cannabis banking bill in the U.S. House of Representatives are urging the chair of a key U.S. Senate panel to work in partnership to move the issue forward in the Republican-controlled Senate. In a letter released Tuesday, the four representatives praised Senate Banking Chair Mike Crapo, an Idaho […]

US House lawmakers make marijuana banking reform pitch to key senator is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Recreational marijuana sales in Illinois could be hurt by a surge in medical cannabis applications with the Jan. 1 launch of adult-use sales. More than 2,570 people applied for medical marijuana cards Jan. 1-17, nearly a 34% jump from Dec. 1-17, the Chicago Tribune reported. Regulators earlier in January warned marijuana retailers they are required to […]

Illinois adult-use cannabis stores might face more shortages is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

President Trump’s impeachment trial, the upcoming elections, Iran and trade wars. That's a lot of distractions for federal lawmakers, and they represent some of the big reasons why many experts suggest major cannabis reform at the federal level is dead for 2020. But is it?

US federal cannabis reform outlook: Progress expected in 2020, but distractions, high hurdles persist is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Australis Capital, an investment group that spun off from Canada’s Aurora Cannabis, announced the departure of Chief Financial Officer Michael Carlotti. In a brief news release issued after market close on Jan. 17, Las Vegas-based Australis said Carlotti’s employment had been “terminated” effective Jan. 16. The company gave no explanation for the move. Alex Han will […]

Aurora Cannabis offshoot Australis Capital announces CFO departure is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Missouri regulators cannot deny an application for a medical marijuana dispensary license before a hearing challenging zoning rules is held later this month, a judge ruled. Healing Center of Kansas City filed a lawsuit against the Missouri Department of Health and Human Services and the city of Independence contending the municipality’s zoning regulations for MMJ […]

Judge sides with Missouri medical cannabis store in zoning fight is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Many marijuana industry watchers tout the social equity program in Illinois as one of the most far-reaching and likely to succeed in the U.S. cannabis sector. However, experts also note that for all the Illinois program’s positive intent, it is still a sometimes prohibitively expensive and burdensome undertaking for any social equity applicant. With associated expenses […]

Illinois social equity cannabis applicants laud licensing help from consultants, technology is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Aphria has received its first two essential European quality standard certifications, which the Canadian medical cannabis producer says will allow it to export finished dried flower and oil in bulk to European Union countries with established medical marijuana regimes. The company earned a certificate of EU-Good Manufacturing Practice (GMP) compliance on Jan. 15 for its […]

Aphria One, Brampton subsidiary receive EU-GMP certifications, clearing way for European cannabis exports is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California-based cannabis firm Falcon International wants a $50 million breakup fee from multistate operator Harvest Health & Recreation. Falcon is asking for a cash payment as part of a move to dismiss a complaint that Arizona-based Harvest filed Jan. 8. In that lawsuit, Harvest sought to terminate its acquisition of Falcon, a deal that was announced […]

California marijuana firm Falcon seeks $50 million from Harvest is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Zealand plans to reverse a law banning cannabis vaporizers before new regulations kick in for the launch of the country’s medical program in April, Marijuana Business Daily has learned. “Currently, vaporizers are prohibited under the Misuse of Drugs (Prohibition of Cannabis Utensils and Methamphetamine Utensils) Notice,” a Health Ministry spokesperson told MJBizDaily. The “cabinet has […]

New Zealand to overturn cannabis vaporizer ban, clearing the way for imports is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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