Marijuana World News

Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But cultivators are still facing regulatory hurdles and the growing pains of keeping […]

Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A growing number of cannabis companies - both ancillary and plant-touching - are creating internship programs for college students and graduates whom the firms hope will eventually become full-time employees.

Internships allow marijuana companies to ‘grow talent from within’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The FBI is looking into potential corruption in the burgeoning U.S. marijuana industry – particularly in Western  markets – and is seeking tips to investigate. “As an increasing number of states change their marijuana legislation, the FBI is seeing a public corruption threat emerge in the expanding cannabis industry,” FBI spokeswoman Mollie Halpern said on […]

FBI investigating possible corruption in US cannabis industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

It’s been an eventful week for German medical cannabis distributor Iuvo Therapeutics. First, the Neuss-based company received its first international shipment of dry cannabis flower from Canada-based TerrAscend. Then, Iuvo Therapeutics announced it was being acquired by London-based cannabis firm Wundr Co. “In the upcoming weeks – and together with our new team from Wundr – Iuvo will continually scale up […]

Germany gains new supplier of medical marijuana flower is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Missouri is giving businesses that want to run medical cannabis facilities more time to file applications. The state’s Department of Health and Senior Services extended the deadline until 4:30 p.m. Monday. The deadline was scheduled to end Saturday. Director Randall Williams said in a statement that the agency learned during the early days of accepting […]

Missouri extends medical marijuana license application timeline is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Harvest Health & Recreation, an Arizona-based multistate cannabis company, reached an agreement with Pennsylvania regulators to drop two permits for affiliated medical marijuana companies it was pursuing in the state. Harvest no longer will pursue permits for Harvest of Northwest PA and Harvest of North Central PA. The company also will not operate the two facilities […]

Harvest agrees to halt quest for two medical cannabis licenses in Pennsylvania is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Given the skyrocketing demand for cannabis and its newly found legitimacy, we anticipate increased government scrutiny and a need for more testing.

As cannabis industry grows, opportunities in testing rise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Illinois adds more qualifying medical cannabis conditions, CannTrust hit with second noncompliance notice for another facility, New Mexico panel studies the potential to legalize recreational marijuana in the state – and more of the week’s top cannabis business news. Illinois boosts MMJ as it preps for adult use Illinois Gov. J.B. Pritzker took measures to […]

Week in Review: IL ups MMJ program, more CannTrust woes, NM studies legalizing adult-use cannabis & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A law was introduced in the Barbados House of Assembly to establish the legal foundation for a local medical marijuana industry. If the law is adopted, Barbados will join other Caribbean countries Jamaica, St. Vincent and the Grenadines as well as Antigua and Barbuda in approving cannabis cultivation. A law is also in the works in Saint Kitts and Nevis. The […]

Barbados latest Caribbean country to propose sweeping medical cannabis law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The Barbados Drug Service is inviting companies to submit applications to supply the nation with approved medical cannabinoid products starting April 2020 and lasting through March 31, 2022. The requested products are not legally available in the eastern Caribbean nation at this time. Separately, a bill was introduced in the country’s parliament this week to […]

Barbados procuring medical cannabis for first imports in April is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In the second part of our conversation with California's cannabis business czar, Nicole Elliott, Marijuana Business Daily asked what the administration of Gov. Gavin Newsom hopes to achieve in this ongoing battle.

‘High-level’ criminality focus in fight against illicit MJ market: More Q&A with California marijuana czar Nicole Elliott is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The Czech Republic has one of the oldest medical cannabis programs in Europe and was the second country on the continent to authorize a domestic grow – after the Netherlands – yet, after several years, the market has been unable to gain traction. But that situation may be changing. Sales data for 2019 suggest an […]

Approval of public health insurance could boost medical cannabis sales in Czech Republic is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A Fairbanks dispensary is moving closer to becoming the first in the city where on-site consumption of cannabis is permitted. The Fairbanks City Council voted unanimously on a measure that allows consumption at The Fairbanks Cut, once it gets a certificate of occupancy, according to the Daily News-Miner. It can take several weeks to a […]

Fairbanks, Alaska, approves first marijuana consumption site in city is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California's marijuana market is poised for huge growth after a $500 million drop in legal sales in 2018, according to a wide-ranging report released Thursday.

Report: California cannabis market poised for growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Ohio’s fledgling medical marijuana market was dealt a blow when an expert panel rescinded its recommendation to approve anxiety and autism as qualifying conditions. In neighboring Pennsylvania, adding anxiety to the MMJ list of conditions has resulted in a boom in patients and sales. The Ohio medical board committee reversed its position after four of […]

Ohio panel reverses course on anxiety, autism as medical marijuana conditions is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Mexico Gov. Michelle Lujan Grisham’s administration is intervening to challenge a recent judge’s ruling that would boost medical marijuana sales by compelling the state to open its market to qualified nonresidents. The governor’s legal office argued in a court motion that the ruling raises significant issues, such as possibly encouraging the transport of MMJ products […]

New Mexico gov opposes opening medical cannabis market to nonresidents is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arizona-based Harvest Health & Recreation, a major multistate operator, reported revenue of $26.6 million for the second quarter, a 153% jump from the $10.5 million booked in the same period last year. Net loss for the second quarter, ending June 30, totaled $20.6 million compared with net income of $2.83 million for the same period […]

Harvest Health & Recreation reports improved marijuana revenue, net quarter loss is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

This past week saw the second-highest amount of money raised through equity in three months in the North American cannabis industry - even as merger and acquisition activity slowed to a complete halt.

Deal Watch: Cannabis equity raises highest in three months; M&A activity slows is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

When Nicole Elliott was appointed senior adviser on cannabis in California Gov. Gavin Newsom's Office of Business and Economic Development in February, many in the state's marijuana industry cheered.

‘Long process that is nowhere near perfect’: Q&A with California cannabis czar Nicole Elliott is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Trulieve Cannabis Corp., a Florida-based multistate operator, reported record revenue of $57.9 million for the second quarter, up 149% compared with $23.3 million during the same period a year ago. Revenue for the six-month period ended June 30 totaled $102.4 million, nearly triple the $38.5 million the company posted during the second quarter last year. […]

Cannabis firm Trulieve reports strong revenue growth in second quarter is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The world’s largest marijuana company, Canopy Growth, on Wednesday reported improved revenue in its latest quarter, but its losses widened substantially from the same period a year ago. Smiths Falls, Ontario-based Canopy saw revenue rise 250% in the first fiscal quarter of 2020 to 90.5 million Canadian dollars ($67 million) compared with the same period […]

Marijuana giant Canopy’s revenues soar, but losses widen is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Several companies in the cannabis industry are among the fastest-growing private businesses in the United States, according to the annual Inc. 5,000 rankings. The following are some of the marijuana companies on the list, which was released Wednesday by Inc. magazine: Denver-based NuLeaf Naturals, a CBD company, ranked No. 11, posting an 11,949% spike in […]

Cannabis companies make their mark on Inc. 5,000 list of fastest-growing firms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Pennsylvania medical cannabis sales are getting a big lift from the addition of anxiety as a qualifying condition. In less than a month, 3,000 people were certified to buy medical marijuana because of anxiety disorders, the Pennsylvania Capital-Star reported, citing state health officials. The qualifying condition became effective July 20. State health officials said 180,000 patients […]

Pennsylvania medical marijuana market boosted after adding anxiety is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A bipartisan group appointed by New Mexico Gov. Michelle Lujan Grisham to study legalizing recreational marijuana is moving forward with two public policy meetings this month. The group was scheduled to meet in Albuquerque Wednesday to hear from officials from the state’s current medical cannabis program and from marijuana licensing experts. A second meeting is […]

New Mexico governor’s commission eyeing adult-use cannabis legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Researchers at the University of California, Davis have joined forces with Biopharmaceutical Research, which is registered with the U.S. Drug Enforcement Administration, to study marijuana for the benefit of law enforcement, health care providers and scientists. The research could benefit cannabis companies by helping authorities to distinguish between marijuana and hemp. The two groups of researchers will […]

California university teams with DEA-registered company to research marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Ben Cook, a former MedMen chief operating officer, joined competitor Calyx Peak, a Nevada-based marijuana company with a presence in four states. In his new role as COO of Calyx Peak, Cook will oversee the entire company’s operations in California, Massachusetts, Nevada and Ohio, according to a news release. Ed Schmults, CEO of Las Vegas-headquartered Calyx […]

Former MedMen executive joins cannabis competitor is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

As the first country to regulate cannabis at a federal level, Canada has an opportunity to be the leading force in setting standards for other nations to follow, according to former Canadian Prime Minister Kim Campbell.

If cannabis firms do things right, entire industry profits: Q&A with ex-Canadian PM Kim Campbell is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Wholesale cannabis prices appear on the rise in longstanding adult-use cannabis markets Colorado, Oregon and Washington state, according to two recent reports and insight from growers. The upward-trending prices seem to be increasing because of: Stronger demand and weaker supply beyond the typical summer economic dynamics. More growers going out of business. Farmers pivoting to […]

Wholesale marijuana prices on upswing in more mature recreational markets, reports indicate is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian marijuana company Tilray on Tuesday reported revenue of 60.9 million Canadian dollars ($45.9 million) for the second quarter, up almost four times from the same period in 2018. Net loss for the period, which ended June 30, was $35.05 million compared with a $12.83 million loss in the second quarter 2018. Tilray, based in […]

Cannabis firm Tilray’s revenue up, but wider loss reported is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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