Marijuana World News

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

1.) Does cannabis cost, or pay? CCU study claims marijuana costs $4.50 for every $1 it generates

Coloradans spend $4.57 to mitigate marijuana's effects for every tax dollar it generates, claims a recently released study.

The post Does cannabis cost, or pay? CCU study claims marijuana costs $4.50 for every $1 it generates appeared first on The Cannabist.

3.) Pot delivery? It's one possibility as Colorado revisits marijuana laws

Colorado legislators will consider legalizing marijuana delivery and making it easier to invest in cannabis businesses.

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4.) Canada's pot industry so hot it's importing workers

It was mid-summer, fewer than three months before Canada legalized recreational marijuana, and Vic Neufeld had a problem.

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5.) Loveland illegal pot operation dismantled by police

The Northern Colorado Drug Task Force executed three search warrants Nov. 30 on warehouses in the 1500 block of Taurus Court, where authorities found 856 live cannabis plants, according to a Tuesday afternoon release.

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6.) Colorado should wipe low-level marijuana convictions clean

Possessing small amounts of marijuana has been legal in Colorado now for six years, and yet convictions still haunt those who got caught with a small amount of pot or paraphernalia before voters approved Amendment 64 in 2012.

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7.) Marijuana on your criminal record? Denver will help clear it, mayor says.

Colorado may be the mecca of legal marijuana, but the state's old drug laws still loom large. More than 10,000 people in Denver alone were convicted of low-level cannabis crimes between 2001 and 2013.

The post Marijuana on your criminal record? Denver will help clear it, mayor says. appeared first on The Cannabist.

8.) "Capitalistic" United States faces Canada fight for cannabis supremacy

A key question has emerged as investors pour billions of dollars into the marijuana industry: Will it be U.S. or Canadian companies that win the race for cannabis supremacy?

The post "Capitalistic" United States faces Canada fight for cannabis supremacy appeared first on The Cannabist.

9.) Boulder County district attorney wants to toss 4,000 past marijuana convictions

The Boulder County District Attorney's Office is preparing to vacate and seal thousands of marijuana possession convictions in light of voters legalizing marijuana in 2012.

The post Boulder County district attorney wants to toss 4,000 past marijuana convictions appeared first on The Cannabist.

10.) Recall issued for Boulder-grown marijuana after pesticide residues detected

The Colorado Department of Revenue has issued a safety and health advisory after potentially unsafe pesticide residues were found on certain medical marijuana plant material and products.

The post Recall issued for Boulder-grown marijuana after pesticide residues detected appeared first on The Cannabist.

11.) Boulder-based Vera aims to take high energy use out of marijuana cultivation equation

Alex Park and his two partners wanted to grow cannabis commercially without using an excessive amount of energy, a problem that has plagued indoor marijuana cultivation.

The post Boulder-based Vera aims to take high energy use out of marijuana cultivation equation appeared first on The Cannabist.

12.) Marijuana movement energized with Sessions out as attorney general

He described marijuana as a “very real danger” and has said its effects are “only slightly less awful” than those of heroin.

The post Marijuana movement energized with Sessions out as attorney general appeared first on The Cannabist.

13.) Marijuana is getting cheaper. For Colorado and some states, that's a problem

Although falling marijuana prices imply that some entrepreneurs are going to go bankrupt, the bigger financial hit will be felt by states that tax marijuana based on its price.

The post Marijuana is getting cheaper. For Colorado and some states, that's a problem appeared first on The Cannabist.

14.) Gov. John Hickenlooper issues health warning on marijuana cultivated by Colorado Wellness Centers

Colorado Gov. John Hickenlooper [cq comment="cq"]issued an executive order along with a health and safety advisory Wednesday warning people not to use marijuana cultivated by Colorado Wellness Centers [cq comment="cq"]because the company used unapproved pesticides.

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15.) First recreational marijuana dispensary opens in Longmont city limits

Legal recreational pot sales within Longmont city limits began Monday morning with Black Hawk resident Tyler Worley's purchase of 28 pre-rolled joints from Boulder-based Terrapin Care Station at its new store at 650 20th Ave.

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16.) Man sentenced to 3 years in prison for illegal marijuana operation in San Isabel National Forest

Agents found approximately 13,800 marijuana plants and at least 120 pounds of processed marijuana on 12 acres of federal land.

The post Man sentenced to 3 years in prison for illegal marijuana operation in San Isabel National Forest appeared first on The Cannabist.

17.) Hemp taking off as viable product, and Colorado entrepreneurs are at the forefront of industry

Like with marijuana, Colorado entrepreneurs have been at the forefront of building up hemp as a viable undertaking.

The post Hemp taking off as viable product, and Colorado entrepreneurs are at the forefront of industry appeared first on The Cannabist.

18.) Alt-rock icon Dean Ween pitches marijuana-friendly concert venue in downtown Denver

Dean Ween has big plans for Denver. The guitarist, best known for his work in the iconic alt-rock band Ween, hopes to open a Denver concert venue where the audience will be allowed to use marijuana -- without hiding from security.

The post Alt-rock icon Dean Ween pitches marijuana-friendly concert venue in downtown Denver appeared first on The Cannabist.

19.) Edgewater's $13 million civic center, partly funded by cannabis cash, opens Sunday

This weekend, thanks to its bustling marijuana trade, this tiny city on the western shore of Sloan's Lake will forge a new civic identity with the opening of a $13 million municipal complex complete with library, police station, fitness center and city offices.

The post Edgewater's $13 million civic center, partly funded by cannabis cash, opens Sunday appeared first on The Cannabist.

20.) Man in Henderson marijuana dispute murder gets life sentence

A man who shot and killed another man in Henderson over a marijuana dispute has been sentenced to life in prison.

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21.) Marijuana is emerging among California's vineyards, offering promise and concern

Marijuana is emerging among the vineyards, not as a rival to the valley’s grapes but as a high-value commodity that could help reinvigorate a fading agricultural tradition along the state’s Central Coast.

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22.) A cannabis Coke and a smile? Colorado companies hoping to tap infused beverage craze

When Coca-Cola publicly announces it is sizing up business opportunities in a specific industry, people tend to take notice.That was the case with in mid September, when Coke -- the world's largest beverage company, said it was keeping an eye on cannabis infused drinks, with a particular focus on beverages containing the non-psychoactive compound CBD.

The post A cannabis Coke and a smile? Colorado companies hoping to tap infused beverage craze appeared first on The Cannabist.

23.) Utah latest state to legalize medical pot, expand Medicaid

Voters in conservative Utah have decided to join the growing number of states legalizing medical marijuana and expanding Medicaid to cover tens of thousands more low-income residents, two issues that had long stalled out with conservative state lawmakers.

The post Utah latest state to legalize medical pot, expand Medicaid appeared first on The Cannabist.

24.) New attorney general must protect states' rights on marijuana, Colorado Sen. Cory Gardner says

The next U.S. attorney general is going to have to respect the decision of Colorado and other states to legalize recreational and medical marijuana -- at least if Republican Sen.

The post New attorney general must protect states' rights on marijuana, Colorado Sen. Cory Gardner says appeared first on The Cannabist.

25.) After long wait, 1st legal marijuana shops on East Coast to open

With its youthful vibe and eclectic mix of culture, a small Massachusetts city seems a logical site for the nation's first legal recreational marijuana sales east of Colorado.

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