Massachusetts regulators are seeking additional money from the state in order to cut in half the time required to obtain a cannabis business license. The Cannabis Control Commission’s goal in the next budget year is to cut the average time for an initial license review from 121 days to 60 days, the State House News Service […]

Regulators want funding to speed up Massachusetts marijuana licensing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Four more medical marijuana companies – including multistate operator Curaleaf – have been approved by Pennsylvania regulators to grow MMJ that state universities can use for research. Curaleaf, which is based in Massachusetts but seeking a license to sell medical marijuana in Pennsylvania, is contracted to grow MMJ for the Perelman School of Medicine at the […]

Pennsylvania approves four firms to grow cannabis for research is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Nevada issued a health advisory for 20 different contaminated cannabis products that were sold at 30 retail marijuana stores across the state. The retailers sold marijuana flower and pre-rolls that failed an independent laboratory’s microbial testing for mold, yeast and bacteria, the Reno Gazette Journal reported. The marijuana, grown by six different cultivators, initially passed testing by […]

Tainted marijuana sold by 30 Nevada retailers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis industry authorities predict more bankruptcy filings and insolvency proceedings by cannabis companies in 2020.

Under this scenario, businesses low on cash struggle to raise funds or are unable to compete, forcing them to seek protection under federal bankruptcy and/or state insolvency and receivership laws.

Directors and officers liability insurance is increasingly important – and costly – for cannabis companies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Paraguay granted the first 12 licenses allowing companies to become vertically integrated producers of medical cannabis, paving the way for the South American country to become a low-cost producer of the drug. The selected companies are now able to import seed, cultivate, manufacture and distribute medical cannabis both domestically and for export. Paraguay took a […]

Paraguay issues first 12 medical cannabis production licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

An Arkansas medical cannabis company filed a lawsuit against three state agencies over a failed bid to win a dispensary license. Medicanna filed the suit in Pulaski County Circuit Court against the state Medical Marijuana Commission, Alcoholic Beverage Control Division and Department of Finance and Administration, according to Arkansas Business. The suit argues that after a […]

Arkansas medical marijuana firm sues over replacement license is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Montana’s medical cannabis program – already one of the largest in the nation on a per-capita basis – posted year-over-year, double-digit patient count growth in January. While a series of new rules set to go into effect in 2020 threatens to introduce short-term instability for the state’s rapidly expanding industry, over the long term they […]

Chart: Montana medical marijuana patient count continues rapid growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Iowa’s governor believes the state’s proposed limit on how much medical marijuana a dispensary can sell an individual is adequate. The state’s Medical Cannabidiol Board recommended earlier this month the removal of a 3% cap on the amount of THC in MMJ products and replacing it with a sales cap of 4.5 grams per person over a […]

No need to raise Iowa’s medical cannabis sales cap, governor says is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In an effort to keep Maine’s cannabis businesses compliant with state laws, regulators issued a reminder guidance regarding how to advertise. The state’s Office of Marijuana Policy released the guidance after an investigation into cannabis-related advertisements at the Androscoggin Bank Colisée in Lewiston, Maine, the Portland Press Herald reported. Parents of children who played sports or […]

Maine issues guidance on marijuana advertising is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Luxembourg’s federal government is reported to be weighing plans to legalize recreational cannabis through a tightly controlled market that would offer entrepreneurs a limited number of production and retail licenses. Luxembourg’s Radio 100.7 had access to a “first concept” of what would serve as the basis for the upcoming recreational cannabis framework in the small […]

Luxembourg’s government reportedly weighs plan to legalize recreational marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New York Gov. Andrew Cuomo said he will visit several markets that have legalized recreational marijuana in an effort to help develop a plan to get similar legislation passed in his state. “I’m going to visit Massachusetts, Illinois and California or Colorado,” Cuomo told Watertown TV station WWYN. New York is such an important market […]

Hoping to legalize adult-use cannabis, New York gov plans visits to rec states is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Mexico has stopped issuing medical cannabis enrollment cards to people who live outside the state but soon will allow nonresident patients enrolled in other state programs to buy MMJ. Only a week ago, New Mexico reversed course on a decision that allowed nonresidents to sign up to participate in the state’s medical marijuana program. State health […]

New Mexico alters rules for medical marjiuana sales to nonresidents is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Wholesale prices for recreational marijuana flower in Alaska remain high, though rates have fallen slightly as more growers build out facilities and the market expands as it matures.

Alaska wholesale cannabis flower prices remain strong despite heavy tax burden on growers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A health emergency in which dozens of people died and 2,600-plus were admitted to hospitals immediately took its toll on vape-related companies, and all signs pointed to an additive, vitamin E acetate, which officials found in some of the implicated THC vaping products.

Vape crisis forced cannabis sector to increase focus on technology, testing and transparency is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Rejected medical marijuana license applicants appeal Missouri regulators’ decisions, Republican legislators ask key U.S. senator to oppose MJ banking measure, Colorado cruises past $1.75 billion in cannabis sales in 2019 – and more of the week’s top marijuana business news. Missouri MMJ licensing tumult Medical marijuana license applicants in Missouri that failed to win permits have deluged […]

Week in Review: MO besieged by medical cannabis permit appeals, lawmakers push back against SAFE Banking, record CO marijuana sales & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The Kentucky House of Representative voted to legalize medical marijuana sales in the state. The bill, which passed 65-30, now moves to the state Senate. The House and Senate are controlled by Republicans. The House vote represents the first time a medical marijuana bill has passed either legislative chamber in Kentucky. The bill has a “narrow […]

Kentucky House advances medical cannabis legalization bill is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Denver's marijuana regulator set the number of marijuana locations in the city for the first time since 2016.

Denver establishes number of marijuana business locations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Toronto-based cannabis company Sol Global Investments on Friday said a company it owns secured a $15 million construction loan to fund the building of an 88,327-square-foot indoor medical marijuana cultivation, processing and lab facility. CannCure Investments, which Sol Global acquired in 2018, received the construction loan from Advanced Flower Capital. The loan will be secured […]

Sol Global subsidiary gets $15M loan to build FL medical cannabis facility is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Leafly, an online cannabis strain and dispensary guide based in Seattle, closed its operation in Germany, Marijuana Business Daily has learned. The company’s German website – Leafly.de – has been frozen since the end of January. A Leafly spokesperson confirmed the closure to MJBizDaily, writing in an email that the company “has closed its Germany-based operation and […]

Marijuana information firm Leafly closes Germany operation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Challenges by rejected medical cannabis license applicants have inundated Missouri regulators, despite state efforts to avoid such a mess by hiring an independent third-party scorer. Rejected small-business applicants complain that arbitrary scoring processes shut them out of a market designed to remain largely locally owned, while multistate cannabis operators (MSOs) won a big chunk of the licenses. The […]

Licensing appeals overwhelm Missouri’s medical marijuana program, point to widespread MJ industry concern about scoring fairness is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The amount of medical cannabis flower Australian companies are authorized to produce exceeds current and anticipated future domestic demand, federal health authorities said in a document, adding that any “depiction of the situation as a shortage is not accurate.” But industry officials beg to differ, saying demand is still largely met by international companies. Australian […]

Australia claims it has enough cannabis flower to meet demand, but industry says otherwise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arizona’s largest medical cannabis company, Harvest Health & Recreation, grew its footprint in the state by acquiring competitor Arizona Natural Selections. Under terms of the deal, Harvest received: Vertical licenses for three operating MMJ dispensaries and a fourth location to be opened. A 55,000-square-foot grow facility. A 322-acre site containing a 70,000-square-foot greenhouse and 25 acres […]

Harvest expands medical marijuana market reach by buying Arizona rival is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of shocking headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis, said in a news release it […]

Australis ends purchase of Colorado CBD firm after lurid charges emerge is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis producers and processors in Alberta, Canada, might be able to access a suite of cost-sharing programs through the Canadian Agricultural Partnership (CAP), a joint federal-provincial initiative, if they meet eligibility requirements. Previously, the Ministry of Agriculture and Forestry, which administers CAP in the province, had not taken a position as to whether cannabis farmers were able […]

Alberta cannabis cultivators eligible for agriculture grants is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Missouri granted medical marijuana licenses to some of the largest multistate cannabis operators in the U.S., leading to a flurry of complaints from applicants who were rejected. A Missouri cannabis trade group also won a coveted license, according to an analysis of state records by the St. Louis Post-Dispatch. The influx of multistate operators seeking medical […]

Multistate operators hog Missouri medical cannabis licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Peru’s only medical cannabis product is out of stock, not even three months after sales began. This means patients have no option to legally access regulated medical cannabis in the domestic market, according to industry sources. Francesca Brivio, who represents a Peruvian patients association, wrote on her Facebook page that there’s no “single, formal way to access […]

Peru sells out of medical cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

It's an open secret in the California marijuana industry that since the state launched licensed adult-use sales in 2018, many - if not most - legal operators have done business illegally to some degree.

California Marijuana Notebook: How illicit market competition, industry divisiveness hound the state’s legal cannabis market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The cannabis investing landscape has changed significantly in the past 12 months. A year ago, the industry saw a record number of deals of record size; now, capital has become a precious commodity.

Investment experts shed light on marijuana prospects in 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Gibraltar Industries, a diverse manufacturing company based in Buffalo, New York, paid $50 million for the assets of Delta Separation, an ethanol extraction equipment manufacturer that sells to the cannabis and hemp industries.

California extraction firm that serves cannabis sector sells for $50 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

NewLake Capital Partners is buying and leasing back 10 marijuana retail stores in six states from Chicago-based Grassroots Cannabis in a deal valued at up to $19.7 million. NewLake, which also is headquartered in Chicago, has closed on six of the sale-leaseback deals with Grassroots’ parent company, GR Companies. The company plans to purchase the […]

Grassroots Cannabis inks $19.7 million sale-leaseback deal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs