• ‘Taxation but no representation’: US cannabis industry’s double standard
    Marijuana Business Daily - 6 hours ago
    The coronavirus outbreak brought to the forefront a double standard the marijuana industry has faced for years. Now cannabis businesses are fighting back. ‘Taxation but no representation’: US cannabis industry’s double standard is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
  • Week in Review: L.A. doubles cannabis retail licenses, another Schwazze deal dead, Biden talks MJ rescheduling & more
    Marijuana Business Daily - 1 day ago
    The Los Angeles City Council doubled the number of social equity retail marijuana licenses from 100 to 200 in response to a courtroom settlement. MJBizDaily takeaway: The greater Los Angeles area boasts more than 13 million people, but there are only 188 licensed cannabis storefronts. The original plan last fall for…
  • High Times marijuana stock offering delayed until audited financials are filed
    Marijuana Business Daily - 1 day ago
    High Times Holding, owner of the iconic High Times magazine, said Friday it can’t close on its small-investor Regulation A initial public offering until its audited financials for 2019 are filed. But the Los Angeles-based company, which is trying to make a pivot into retail and brand licensing, took exception…
  • Israel passes Germany as world’s largest importer of medical cannabis flower
    Marijuana Business Daily - 2 days ago
    Israel overtook Germany as the No. 1 importer of medical cannabis flower in the world so far this year, according to data compiled by Tel Aviv-based Israeli Cannabis Magazine and Marijuana Business Daily. As of July, Israeli imports surpassed 6 metric tons, Oren Lebovitch, editor of Israeli Cannabis Magazine, told…
  • Massachusetts cannabis businesses fined for pesticide, ownership infractions
    Marijuana Business Daily - 2 days ago
    Three marijuana cultivation companies in Massachusetts will pay hundreds of thousands of dollars in fines for pesticide use and other violations. The state’s Cannabis Control Commission approved penalties against Garden Remedies, Healthy Pharms and The Botanist, MassLive.com reported. Each company agreed to settlements, complied with the commission’s inquiries and admitted…
  • Massachusetts marijuana grow facility workers unionize
    Marijuana Business Daily - 2 days ago
    Employees at a cannabis cultivation facility in Massachusetts voted to unionize, a further indication that organized labor is picking up steam since the coronavirus pandemic. Workers at Mayflower Medicinals in Holliston Massachusetts, voted to join the United Food & Commercial Workers Union Local 1445, according to the Worcester Business Journal.…
  • Ohio adds first medical cannabis condition since program launch
    Marijuana Business Daily - 2 days ago
    While rejecting anxiety and autism spectrum disorders, Ohio medical marijuana regulators officially added cachexia to the list of conditions for which doctors in the state can recommend MMJ for treatment. Cachexia, or wasting syndrome, is the first condition added to the MMJ qualifying conditions list by the State Medical Board…
  • Illinois social equity program flawed, advocates say, but it’s best in cannabis industry so far
    Marijuana Business Daily - 2 days ago
    Illinois’ social equity provisions for cannabis companies are considered among the most forward-thinking in the country, yet some advocates and business insiders say the rules don’t go far enough to promote minority participation in the industry. Illinois social equity program flawed, advocates say, but it’s best in cannabis industry so…
  • Canopy Growth shuns pharmaceutical research
    Marijuana Business Daily - 2 days ago
    There has been no shortage of signs that Canopy Growth Corporation is steering off the course set out for it by co-founders and former co-CEOs Bruce Linton and Mark Zekulin. Perhaps the biggest has been current CEO David Klein’s admission that the company will no longer pursue the development of…
  • Researchers find promising link between THC and COVID-19
    Marijuana Business Daily - 2 days ago
    Could cannabinoids be used to help treat COVID-19? Many of the symptoms of the disease caused by SARS-CoV-2 virus result from excessive inflammation following the release of cytokines, including acute respiratory distress syndrome (ARDS), a severe lung injury that leads to significant morbidity and mortality, especially in older people, and…
  • California marijuana exec sues MedMen affiliate Captor Capital for fraud, more
    Marijuana Business Daily - 3 days ago
    A longtime Southern California marijuana entrepreneur and executive filed suit against Toronto-based Captor Capital – a former financial partner of MedMen Enterprises – for fraud, breach of contract and other misdeeds and is seeking at least $2.8 million in damages. California marijuana exec sues MedMen affiliate Captor Capital for fraud,…
  • Biden task force takes states-rights approach to cannabis legalization
    Marijuana Business Daily - 3 days ago
    A joint Joe Biden-Bernie Sanders task force has recommended rescheduling marijuana on a federal basis, legalizing medical marijuana nationwide and allowing states to decide about recreational cannabis. The recommendations have been submitted to the Democratic National Committee’s Platform Committee in advance of next month’s scheduled Democratic National Convention, according to…
  • Marijuana tissue-culture technology company raises more than $15 million
    Marijuana Business Daily - 3 days ago
    Conception Nurseries, a Sacramento, California-based cannabis genetics firm, raised $15 million with the addition of approximately $12 million in a Series A funding round to help add scale and automation to its operation. According to Green Market Report, the funding round was led by New York-based cannabis data group Viridian…
  • Oklahoma medical cannabis regulators won’t rush to enforce new rules
    Marijuana Business Daily - 3 days ago
    Oklahoma medical marijuana regulators won’t immediately enforce a stricter two-year residency requirement and a 1,000-foot school buffer zone rule that could put many dispensaries out of business in the fast-growing market. The state Attorney General’s Office said it won’t enforce the medical marijuana rules until a lawsuit challenging them plays…
  • Dutch cannabis supply to Germany partially restored after short delay
    Marijuana Business Daily - 3 days ago
    Dutch medical cannabis shipments to Germany have partially been restored after a short delay, and some German wholesalers started receiving flower deliveries in recent days, Marijuana Business Daily has learned. MJBizDaily confirmed that at least three German wholesalers – clients of the Dutch Office of Medicinal Cannabis (OMC) – received…
  • New Brunswick retailer Cannabis NB posts second profitable quarter
    Marijuana Business Daily - 3 days ago
    New Brunswick’s government-owned marijuana retailer, Cannabis NB, posted its second consecutive profitable quarter, reporting a gain of 1.4 million Canadian dollars ($1 million) for the period ended June 28. Cannabis NB is the only legal cannabis retailer in the province, which has a population of roughly 780,000. Total sales for…
  • Clever Leaves claims first EU-GMP cannabis certification in Latin America
    Marijuana Business Daily - 3 days ago
    Clever Leaves, an international cannabis company with its main operations in Colombia, said Thursday it obtained EU-Good Manufacturing Practice certification “to produce Active Pharmaceutical Ingredients (API), semi-finished and finished cannabis products for medical purposes” in its Colombian facilities. The certification is “expected to broaden Clever Leaves’ ability to serve international markets,”…
  • As Pennsylvania’s medical cannabis sales soar, recreational market prospects brighten
    Marijuana Business Daily - 3 days ago
    Pennsylvania’s medical cannabis market, praised for its smooth operation, is expected to nearly double to $400 million-$500 million in sales this year and reach $1 billion in sales within three or four years. Buoyed by the market’s success, current licensees have become acquisition targets even in the current tough economic…
  • L.A.’s 100 extra retail marijuana permits a result of settlement, plaintiff says
    Marijuana Business Daily - 4 days ago
    The Los Angeles City Council’s decision to double the number of social equity retail marijuana licenses was the result of a court room settlement, according to a plaintiff in the lawsuit. Madison Shockley III, an actor turned entrepreneur, told Marijuana Business Daily that L.A.’s permit increase from 100 to 200…
  • Handful of cannabis-related firms received coronavirus stimulus money
    Marijuana Business Daily - 4 days ago
    Roughly a half-dozen companies with ties to the cannabis industry received $3.5 million to $8.7 million from the federal government’s Paycheck Protection Program designed to help small businesses keep workers employed during the COVID-19 pandemic. According to Law360, the following ancillary companies received the PPP loans based on a government…
  • California enacts tax warrants in fight against illicit marijuana businesses
    Marijuana Business Daily - 4 days ago
    In California’s ongoing battle against the illicit cannabis market, the state’s central tax collection agency served a dozen tax warrants to illegal marijuana retailers in Southern California in recent weeks. Roughly $1 million in underground marijuana products and about $100,000 in cash was seized during the actions, which were taken…
  • Canadian cannabis inventory soars to new high, indicating more pain ahead for producers
    Marijuana Business Daily - 4 days ago
    Federally licensed producers in Canada are stockpiling more cannabis than ever, new figures from the Canadian government show, indicating that some producers are in store for more financial pain as the market looks for equilibrium. Deeper industrywide cuts might still be needed for the large producers to shed excess production,…
  • More hurdles for marijuana MSO MedMen in Arizona, California – and in court
    Marijuana Business Daily - 4 days ago
    Bad news continues to pile up for California-based MedMen Enterprises. After the multistate operator’s founders stepped down from leadership roles in January, their replacements have continued to struggle to right the ship, and just last month, MedMen lost a medical marijuana business license in Virginia. Recently, MedMen has been further hit…
  • Oklahoma now enforcing medical cannabis product testing
    Marijuana Business Daily - 5 days ago
    Oklahoma medical marijuana regulators are administering laboratory testing after a three-month grace period to ensure enough licensed labs are in place amid the coronavirus pandemic. The mandatory testing requirements apply to all marijuana products sold by a grower or processor. The Oklahoma Medical Marijuana Authority lists 21 licensed labs across…
  • Ontario set to end cannabis delivery, curbside pickup despite ongoing pandemic
    Marijuana Business Daily - 5 days ago
    A temporary emergency order allowing Ontario’s private-sector cannabis retailers to engage in curbside pickup and delivery will be allowed to expire, the provincial government said Tuesday – even though the COVID-19 pandemic is far from over. “As our province carefully moves towards recovery, the (emergency order) to temporarily allow for…
  • Mexico to implement 3-year-old medical cannabis law as full legalization delayed
    Marijuana Business Daily - 5 days ago
    Mexican authorities plan to finalize medical cannabis regulations in the next two months, the Secretariat of Health of the country said in a news release. The General Health Law of Mexico, amended in mid-2017, authorized cannabis for medical use – including products high in THC. However, that amendment did not…
  • Chart: Shelf space at a premium as more brands enter cannabis space and retailers use pay-to-play practices
    Marijuana Business Daily - 5 days ago
    As more brands enter the marijuana products marketplace, competition for retail shelf space in key adult-use markets such as Colorado and Washington state is intensifying. Chart: Shelf space at a premium as more brands enter cannabis space and retailers use pay-to-play practices is a post from: Marijuana Business Daily: Financial,…
  • 2020 Marijuana Business Factbook studies sales trends, COVID-19 impact
    Marijuana Business Daily - 5 days ago
    COVID-19 changed the way many businesses operate – and the cannabis industry is no exception, according to data available exclusively in the latest Marijuana Business Factbook. The 2020 edition, available now, takes a deeper look at how the pandemic impacted the industry, including shifts in consumer behavior and preferences. Understanding…
  • Nebraska medical cannabis legalization well on its way to voters in November
    Marijuana Business Daily - 5 days ago
    Nebraska medical marijuana advocates gathered more than 182,000 signatures for an initiative petition campaign, despite challenges stemming from the coronavirus pandemic. Organizers needed only 122,000 signatures to place medical marijuana legalization on the November ballot, more than 10% of the eligible voters in the state, according to the Lincoln Journal…
  • New regulatory agency takes reins of Nevada’s marijuana industry
    Marijuana Business Daily - 6 days ago
    Nevada’s Cannabis Compliance Board is getting up and running this month in a transition of oversight power from the original industry regulator, the state Department of Taxation. According to KUNR Public Radio, the new board will be in charge of company site inspections, overseeing marijuana lab testing and more. The…