Marijuana World News

In January's issue of Marijuana Business Magazine, 22 women who are innovating the next year in the cannabis industry offer advice, cultivators give hard-earned insight...

Behind the Cover: Photos from Marijuana Business Magazine’s January Issue is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Provinces with more physical cannabis stores saw significantly higher per-person sales in the six weeks after Canada’s legalization of recreational marijuana, according to new data from Statistics Canada – an indication that consumers have a strong preference to buy their cannabis offline. British Columbia – the province with the biggest underground cannabis economy – reported […]

British Columbia, Ontario at bottom of per-person legal cannabis sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

In review performed by the Boston law firm Gersten Saltman, nearly four out of five of the so-called “host community agreements” between local governments and cannabis firms in Massachusetts are illegal, The Boston Globe reported. The cannabis-centric law firm’s analysis of 77 of the contracts found that 79% either required businesses to make payments to municipalities […]

Law firm analysis: 79% of MA marijuana business contracts with municipalities illegal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

An Oklahoma medical marijuana industry official said most of the state’s new MMJ security rules are reasonable, but at least one could require an “excessive” amount of money to comply. The rules were developed by the Oklahoma Bureau of Narcotics and Dangerous Drugs and signed by former Gov. Mary Fallin shortly before she left office […]

Industry officials suggest OK medical cannabis security rules may need change is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The legalization of recreational marijuana appears poised to sweep across the Northeast, which could result in billions of dollars of business opportunities over the next few years in a densely populated region of the nation. “Now that there’s (retail marijuana) stores in Massachusetts, we are really starting to see the dominoes fall,” said Matt Schweich, […]

If these Northeast states legalize adult-use marijuana, they could generate billions of dollars in sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The California Growers Association (CGA) has dropped a lawsuit it filed a year ago against the state over a regulatory loophole that allowed commercial-scale cannabis farms to begin operating in 2018. In a Jan. 8 court filing in Superior Court of California in Sacramento, the CGA asked for the case to be dismissed. In a press release, CGA […]

California marijuana growers association drops suit over loophole for mega-farms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A class action lawsuit targeting Canadian licensed medical marijuana grower Organigram has been approved to proceed to trial by the Nova Scotia Supreme Court. The suit stems from product recalls that took place between Dec. 28, 2016, and Jan. 9, 2017, in which Organigram said banned pesticides, myclobutanil and/or bifenazate, were discovered in some of […]

Class action lawsuit against cannabis firm Organigram will proceed to trial in Nova Scotia is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California-based KushCo Holdings, a diversified marijuana company specializing in packaging and other products and services, closed on a $34 million stock funding that comes on the heels of a similar direct offering last June. KushCo plans to use the latest funding much as it did its $36 million June raise – to fund working capital, growth needs and technology […]

Cannabis firm KushCo raises $34 million to fund working capital, new technology is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

British Columbia-based Tilray plans to buy Natura Naturals Holdings for up to 70 Million Canadian dollars ($52 million) to significantly increase its Canadian cannabis footprint. Natura Naturals – a subsidiary of Natura Naturals Holdings – owns one of Canada’s 126 cannabis cultivation licenses. Under the terms of the definitive agreement, Tilray said it will deliver […]

Tilray to double domestic footprint with acquisition of Canadian marijuana cultivator is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian medical cannabis companies are increasingly looking internationally for acquisitions to tap growth while consolidation in the country’s marijuana sector continues to steam ahead. Last year, 140 U.S. cannabis companies were targets of mergers and acquisitions, a substantial increase over 2017’s 86, according to data compiled by Viridian Capital Advisors and shared with Marijuana Business […]

Cannabis firms in M&A hunt look beyond Canada for growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A federal judge ruled that the New Mexico State Fair violated the First Amendment rights of medical marijuana company Ultra Health in restricting its proposed educational booth for the 2017 event. Marissa Novel, Ultra Health’s communications manager, said the company was “elated” with the decision and has found that educating the public about medical marijuana is […]

Judge: NM State Fair infringed on medical cannabis firm’s free-speech rights is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Puerto Rico’s medical marijuana companies have lost their only banking solution, forcing them to conduct business in cash. Tu Coop, an in-state credit union, had been providing banking to MMJ firms as part of the cooperative sector, which is regulated by local authorities, according to Caribbean Business. Caribbean Business said Israel Menchaca, executive director of Tu […]

Puerto Rico medical marijuana companies now without banking option is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

U.S. Virgin Islands Gov. Albert Bryan Jr. has given a new medical marijuana law his stamp of approval, making the territory the latest Caribbean jurisdiction to open its doors to cannabis businesses and potential new tourism opportunities. The move has been years in the making, with voters having favored medical cannabis in a 2014 referendum. In […]

US Virgin Islands enacts medical cannabis law, opens tourism business avenues is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

All five of Arkansas’ state-approved medical cannabis grower sites are being built out, a development that should come as good news for marijuana businesses that are looking to be part of a fully operational market in the state later this year. The program has been beset by delays since Arkansas voters approved a constitutional amendment […]

Arkansas’ medical marijuana cultivation sites are all under construction is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Medical marijuana dispensaries in Illinois are preparing for a healthy boost in business with the launch of a pilot program this month that will offer patients access to MMJ as an alternative to opioids. Dispensaries are extending hours and hiring additional workers for the expected increased demand in medical cannabis once the Opioid Alternative Pilot […]

IL medical cannabis firms plan for boom around opioid-alternative initiative is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arkansas issued its first six licenses for businesses to sell medical marijuana in the state, another welcome development for cannabis company owners that have waited for the program to roll out since voters approved it in 2016. Sales aren’t likely to begin until April at the earliest. The Arkansas Department of Finance and Administration (DFA) […]

Arkansas announces first medical marijuana dispensary licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Illinois’ medical marijuana program posted steady growth in 2018, pulling in $133 million in dispensary sales while increasing patient enrollment 66% over the course of the year. Moreover, Illinois dispensaries are poised to post additional sales gains this year thanks to a new state law that could spur residents to opt for MMJ versus opioids […]

Chart: Illinois medical marijuana sales strong ahead of opioid-alternative program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

North Dakota has begun issuing medical marijuana cards to patients and caregivers, which marks another step forward as the state has spent nearly two years setting up a regulated distribution system for the MMJ market. Voters in the state approved medical cannabis in November 2016. Here are the basics surrounding the situation: North Dakota’s health department […]

ND medical cannabis market inches onward as state hands out first patient cards is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The birth of the legal cannabis industry in Canada is akin to the gold rush, but very few companies will live up to their lofty expectations, according to a new report from one of the country’s largest banks. CIBC World Markets, a subsidiary of the Canadian Imperial Bank of Commerce, made the sobering assessment Friday […]

CIBC compares cannabis to gold rush, predicts ‘beginning of global seismic shift’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

(This story has been updated to clarify that sales of edibles and other marijuana products in Arizona increased 55% from 2017 to 2018.) Medical marijuana sales in Arizona grew by 41% from 2017 to 2018, outpacing the growth of the patient pool by 2-to-1, according to a new report. The state health department reports that […]

Arizona medical marijuana sales increased 41% in 2018 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The medical cannabis structure that requires patients in Brazil to get individual authorizations to import their MMJ products is “insufficient” to meet growing demand in the country, according to a former sanitary surveillance agency director. The continuous increase of individual authorizations to import medical cannabis could force Agencia Nacional de Vigilancia Sanitaria (ANVISA) to make […]

Steady growth in medical marijuana demand taxes Brazil’s import structure is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Florida’s new governor announced steps that would open up the state’s lucrative medical marijuana industry to additional businesses and new products. Gov. Ron DeSantis, a Republican, asked the Legislature to: End a ban on smokable medical marijuana products, a move that could boost dispensary sales. Loosen Florida’s restrictive licensing rules to allow more MMJ companies […]

FL gov signals intent to open medical cannabis market to more firms, products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Oklahoma retailers sold nearly $1 million worth of medical cannabis in December, which are strong numbers for a relatively new market with limited product availability and few open dispensaries. Oklahoma voters approved a medical marijuana state question in June, and the industry has taken off quickly. More than 30,000 Oklahoma patients and nearly 900 dispensaries […]

Oklahoma posts nearly $1M in medical marijuana sales in December is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The California Office of Administrative Law (OAL) approved final marijuana industry rules that regulators had published in December, paving the way for the state to implement a permanent regulatory framework for the nation’s largest cannabis market. The regulations, approved late Wednesday, take effect immediately, according to news releases from the Bureau of Cannabis Control (BCC), the […]

California legal agency signs off on state’s final cannabis industry rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Local police found hundreds of vials with extracted cannabis in a dumpster behind a Massachusetts marijuana testing lab that provides services for almost all the state’s medical cannabis retailers. MCR Labs, headquartered in Framingham about 20 miles west of Boston, was one of the first two labs in Massachusetts approved by the state’s Cannabis Control […]

MA police find marijuana extract samples outside lab serving most dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Tilray, the British Columbia-based cannabis heavyweight, signed a revenue-sharing agreement with Authentic Brands Group (ABG) to market and distribute consumer cannabis products within the New York-based firm’s brand portfolio. Under the terms of the agreement, Tilray will pay $100 million to ABG and up to $250 million in cash and stock upon achieving unspecified milestones. […]

Tilray, Authentic Brands Group enter revenue-sharing deal for cannabis products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

More than 60 unlicensed medical cannabis dispensaries that were shuttered in Michigan are being allowed to again sell product, until March 31, in response to legal challenges and complaints about shortages. The state medical marijuana licensing board voted unanimously to allow dispensaries in the process of trying to get a permanent state license under a […]

Unlicensed MI medical marijuana dispensaries allowed to temporarily reopen is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A Washington state marijuana trade association is warning regulators that new packaging, labeling and product design rules for cannabis-infused edibles and beverages might decimate edibles manufacturers’ bottom line. According to experts, the cost for some businesses to comply could be $100,000, and that doesn’t include lost revenue for manufacturers who have kept new products off […]

Compliance costs, lost market share could take toll on cannabis edibles firms under new Washington state rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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