Marijuana World News

Product-liability cases are among the most damaging lawsuits a business can face. Yet many marijuana businesses don’t take this threat as seriously as they should, experts said.

Marijuana businesses can shield against product-liability claims by managing supply chain is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Virginia lawmakers on Saturday narrowly approved compromise legislation legalizing a commercial recreational marijuana program that could generate nearly $1.5 billion in annual sales within five years of the scheduled Jan. 1, 2024, start. But there’s a catch: The measure passed includes a clause pushed by the Senate that will require the General Assembly in 2022 […]

Virginia lawmakers approve recreational marijuana legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Legislative negotiations in Virginia to resolve differences over two adult-use marijuana bills are down to the wire. A conference committee is trying to agree on a measure so it can be passed before the end of a special legislative session. Saturday is the deadline to work on legislation, but the Legislature won’t officially adjourn until […]

VA lawmakers scramble to agree on adult-use marijuana bill before deadline is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Michigan’s recreational cannabis market will open up to new competition beginning March 1, when applicants for multiple classes of adult-use marijuana licenses will no longer require an active medical MJ permit to be eligible. The state’s Marijuana Regulatory Agency (MRA) reminded the industry of the licensing eligibility change in a news release issued Friday. “Beginning […]

Michigan loosens eligibility demands for recreational cannabis licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A San Francisco Bay Area marijuana testing lab whose business license was revoked earlier this month filed suit against California regulators, claiming its right to due process was violated because there’s no appeals process. According to the lawsuit, filed Thursday in Alameda County Superior Court, the Bureau of Cannabis Control (BCC) on Feb. 4 yanked […]

California marijuana testing lab sues state over revoked license is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Massachusetts-based Ascend Wellness Holdings is acquiring an 86.7% interest in financially strapped MedMen Enterprise’s cannabis operation in New York for $63 million, according to a definitive agreement announced Friday. Multistate operator Ascend Wellness Holdings (AWH) has an option to acquire the remaining equity in the New York operation for $10 million, contingent on the launch […]

Ascend acquires most of MedMen’s NY cannabis operation for $63 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Regulated Canadian cannabis products recalled in February include potentially moldy THC-infused edibles, plus two different instances of pre-rolled joints with incorrect cannabinoid labeling. The edibles recall involves one lot of strawberry-flavored THC Kiss Gummies produced by B.C.-based THC BioMed, 1,263 units of which were sold at a recreational marijuana retailer in Saskatchewan and directly to […]

Moldy cannabis gummies, mislabeled pre-rolls recalled in Canada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian cannabis producer Cronos Group reported a quarterly loss of $111.7 million and an adjusted EBITDA of negative $53.1 million, according to the full-year and fourth-quarter results released Friday, well below analyst expectations. However, Cronos exceeded analyst expectations on sales, with net revenue of $17 million in the quarter ended Dec. 31, 2020, up from […]

Cannabis producer Cronos loses $111.7 million in fourth quarter is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A new lawsuit sheds light on New York’s licensing of 10 medical cannabis operators in 2015 and 2016, raising questions about how regulators scored the applications and whether other unsuccessful applicants could raise their own legal objections. Fresh lawsuits could slow the process of handing out additional MMJ licenses – at a time when state […]

Lawsuit casts spotlight on New York’s initial medical cannabis licensing, questions scoring is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Jersey Gov. Phil Murphy moved quickly to complete the five-member Cannabis Regulatory Commission, only two days after signing adult-use marijuana implementation legislation into law. State regulators now have 180 days from the bill’s enactment to develop rules and regulations. That means existing medical marijuana operators could begin adult-use sales before year-end. The Cannabis Regulatory […]

New Jersey fills remaining slots on marijuana oversight commission is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Indus Holdings said it has acquired another well-known California marijuana brand, Lowell Herb Co., in a cash-and-stock deal worth $39 million. The terms of the acquisition include $4.1 million in cash along with 22.6 million shares of Indus, which trades on the Canadian Securities Exchange (CSE) as INDS and on the U.S. over-the-counter markets under […]

Indus acquires fellow California cannabis firm Lowell Herb for $39M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Multistate marijuana operator Acreage Holdings said it has a definitive agreement to sell its medical cannabis operation in Florida to Red White & Bloom Brands for $60 million in cash and stock. The deal reflects a further retrenchment by New York-based Acreage as it refocuses on a few core markets. Toronto-based Red White & Bloom […]

Acreage selling Florida marijuana arm to Red White & Bloom for $60 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Massachusetts health-care providers may continue registering new medical cannabis patients via telehealth appointments instead of in-person visits, state regulators announced, citing the risk of exposure to the COVID-19 virus. The state initially allowed expanded telehealth services, including clinical visits for new medical marijuana certifications, last March as a result of the pandemic and will extend […]

Massachusetts extends medical cannabis telehealth sign-ups is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

FOR IMMEDIATE RELEASE February 25th, 2021   Company co-founded by Dr. Paul Judge, Tech Investor and Entrepreneur ATLANTA, GA and RICHMOND, VA – February 25, 2021 – Today, TheraTrue, Inc., a minority owned medical cannabis production company, announced the addition of cannabis industry veteran Victor E. Mancebo as the company’s Chief Executive Officer. In addition, […]

Minority owned cannabis company, TheraTrue Inc., announces new CEO Victor Mancebo, $50 million in funding, and applies in Georgia and Virginia is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadians purchased fewer cannabis edibles and extracts last November compared to the previous month, new Health Canada data shows, ending at least 11 consecutive months of growth for the categories. In November, roughly 1.52 million packages of edibles were sold online or in person, down from 1.69 million in October, according to the data. The […]

Sales of Canadian cannabis edibles, extracts fall for first time is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A company that produces agricultural equipment for marijuana and hemp businesses filed a lawsuit in Seattle charging the U.S. Customs and Border Protection with wrongly impeding imports from Canada of components needed by its Washington state subsidiary to build trimming machines.

Marijuana trimming machine maker sues Border Patrol for impeding parts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting that several audits of MJ businesses are already underway. As a result, many companies might find themselves underwater with delinquent tax bills or new audits, as experts say the […]

California marijuana firms face more state tax audits, millions of dollars in unpaid taxes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

On-again, off-again merger talks between rival cannabis producers Tilray and Aphria had their genesis in October 2019 when an unidentified investment bank active in the marijuana space pitched a meeting between the company’s respective CEOs, according to a proxy statement filed with regulators. From there, the blockbuster merger took more than a year to finalize: […]

Aphria-Tilray cannabis merger talks overcame pandemic pause, rival bidder and other hurdles, proxy reveals is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

To: Dept:        Media Copy to: From: Vicaa Dept: Marketing Date: February 16, 2021 New: Vicaa.us – the website for specialized growing media for medical cannabis & hemp Sustainable growing solutions On February 11, 2021, Vicaa launched its new website. Vicaa.us offers a broad portfolio of sustainable growing media for the medical cannabis […]

Vicaa launches website offering range of high quality growing media for medical cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A large Canadian pension manager unloaded some marijuana investments over the past couple of years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission. Public Sector Pension Investment Board (PSP) filings show that the pension manager did not shy away from adding […]

Canadian pension fund unloads some cannabis shares, adds Aphria is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Missouri regulators have extended the deadline for the state's medical marijuana companies to open after the bulk of them failed to meet the one-year operating cutoff.

Missouri pushes back deadline for medical cannabis businesses to open is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chicago-based multistate marijuana firm Verano Holdings raised slightly more than $100 million Canadian dollars ($79.7 million) through a bought deal private placement of special warrants. Underwriters led by Beacon Securities and Canaccord Genuity agreed to purchase 3.5 million special warrants at a price of CA$28.50 per warrant, with an option to purchase up to CA$15 million […]

Marijuana MSO Verano raises CA$100 million, announces Arizona acquisition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A pair of medical cannabis license applicants in Missouri will be able to do business in the state after winning a protracted court battle. The Missouri Administrative Hearing Commission awarded Heya Kirksville and Heya Excello medical cannabis cultivation licenses more than a year after the state rejected their applications, the St. Louis Post-Dispatch reported. Heya […]

Two Missouri medical cannabis applicants win permits after court battle is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana pre-rolls are the second-fastest growing product category year-over-year despite conventional wisdom that the often-shared product would suffer during a global pandemic caused by a respiratory-related virus.

Sales of cannabis pre-rolls up nearly 50% in 2020 despite pandemic is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian marijuana producer Canopy Growth filed a preliminary short-form base shelf prospectus enabling the company to raise up to $2 billion (2.5 billion Canadian dollars) in one or more series or issuances of securities over a 25-month period. It is believed to be the largest shelf prospectus by a cannabis company. The move also signals […]

Canadian marijuana firm Canopy Growth files $2 billion shelf prospectus is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A subsidiary of Canada’s Aurora Cannabis says its “made in Denmark” medical cannabis products have reached some Germany pharmacies for the first time – a milestone that was years in the making. The German distribution comes before the products have been cleared by authorities for sale in Denmark, where the medicine is produced. It’s the […]

Aurora says its Danish cannabis has reached German pharmacies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California-based marijuana company KushCo Holdings said it expects to net about $40 million from the sale of securities in a direct offering to investors. The provider of packaging and other ancillary products to the cannabis industry said it will use the proceeds to pay down its debt and for working capital, product development, acquisitions and […]

Marijuana packaging firm KushCo raises $40 million in direct stock offering is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chicago-based multistate cannabis operator Green Thumb Industries raised roughly $56 million from selling shares in the United States. Green Thumb (GTI) accepted offers to purchase 1.6 million subordinate voting shares for $35.50 per share. The sale is expected to close Feb. 23. The capital raise follows another funding earlier this month, when GTI sold $100 […]

Cannabis MSO Green Thumb Industries raises $56 million in US share sale is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The development of new genetic-editing technology offers cannabis companies a cost-effective way to make specific changes to marijuana and hemp plants – such as more disease resistance – without creating a genetically modified organism (GMO). The technology, known as Crispr-Cas9, will allow the cannabis industry to build new, improved plants that promise to introduce hardiness […]

Genetic editing offers marijuana and hemp companies a way to improve plant strains is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Virginia lawmakers overwhelmingly passed legislation that would allow smokable marijuana flower sales later this year, a reform that will dramatically boost sales in the state’s nascent medical cannabis market. Flower sales often account for roughly 50% of market sales. Gov. Ralph Northam has supported marijuana, including urging adult-use legalization, so he’s expected to sign the […]

Virginia OKs smokable flower in move that could spur medical marijuana sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

1.) On Charlotte Figi Day, family will celebrate the Colorado girl who helped legitimize medical marijuana

Charlotte Figi died last April after contracting what her family suspects was COVID-19, but her legacy lives in on in the medical marijuana reform she helped inspire through her journey with cannabidiol, or CBD.

The post On Charlotte Figi Day, family will celebrate the Colorado girl who helped legitimize medical marijuana appeared first on The Cannabist.

2.) Medical marijuana retail workers move to head of vaccine line, ahead of teachers

Dispensary employees are front-line medical workers just like doctors and nurses, the state says. But not all counties are allowing them to get shots just yet.

The post Medical marijuana retail workers move to head of vaccine line, ahead of teachers appeared first on The Cannabist.

3.) Colorado marijuana sales hit $2.2 billion in highest-selling year yet

Despite a global pandemic that disrupted many facets of commerce, Colorado’s marijuana industry experienced its most lucrative year on record with $2.2 billion in sales in 2020.

The post Colorado marijuana sales hit $2.2 billion in highest-selling year yet appeared first on The Cannabist.

4.) A Colorado Democrat wants to cap THC levels in marijuana products at 15%

State Rep. Yadira Caraveo said she is still revising the bill she plans to introduce this month, but one of the main provisions would ban legal marijuana products above 15% THC

The post A Colorado Democrat wants to cap THC levels in marijuana products at 15% appeared first on The Cannabist.

5.) Cannabis industry may finally move past cash as Democrats look to loosen banking restrictions

The Secure and Fair Enforcement Banking Act, or SAFE Banking Act, has been introduced every Congress since 2013 by U.S.

The post Cannabis industry may finally move past cash as Democrats look to loosen banking restrictions appeared first on The Cannabist.

6.) Majoring in marijuana? That soon could be common as universities adapt to a growth industry.

UC Riverside is the first public university in California to offer for-credit cannabis courses through its extension program, with other colleges looking to follow suit.

The post Majoring in marijuana? That soon could be common as universities adapt to a growth industry. appeared first on The Cannabist.

7.) Molson Coors launches CBD sparkling water exclusively in Colorado

One of the biggest beverage companies in the United States is jumping into the cannabis market.

The post Molson Coors launches CBD sparkling water exclusively in Colorado appeared first on The Cannabist.

8.) This rapper and singer is using music to promote the cannabis business

Robert Ellis IV, who performs as Pullupnsplash, is rapping for the love of weed.

The post This rapper and singer is using music to promote the cannabis business appeared first on The Cannabist.

9.) Plaintiffs drop suit over marijuana delivery rules

Stung by an exodus of members since it filed suit to block new cannabis industry rules permitting home delivery, the business group that represents most of the state's brick-and-mortar marijuana shops announced Monday morning that it is dropping the legal challenge.

The post Plaintiffs drop suit over marijuana delivery rules appeared first on The Cannabist.

10.) Former Corona City Councilman Nolan accused of marijuana violations

Steve Nolan, a former Anaheim police officer, was cited on suspicion of cultivation and possession for sale on Jan. 14.

The post Former Corona City Councilman Nolan accused of marijuana violations appeared first on The Cannabist.

11.) California regulators say cannabis billboards along interstate highways must come down

Marijuana opponents cheered the news while businesses say the ban eliminates one of the few legal advertising channels they had.

The post California regulators say cannabis billboards along interstate highways must come down appeared first on The Cannabist.

12.) November marijuana sales push Colorado's industry to $2 billion annually for the first time

Colorado marijuana sales in November pushed the industry’s annual revenue to $2 billion for the first time.

The post November marijuana sales push Colorado's industry to $2 billion annually for the first time appeared first on The Cannabist.

13.) Marijuana delivery, social equity reform and other Colorado cannabis trends to watch in 2021

Colorado’s marijuana industry experienced a banner year in 2020 -- not in spite of the COVID-19 pandemic, but because of it.

The post Marijuana delivery, social equity reform and other Colorado cannabis trends to watch in 2021 appeared first on The Cannabist.

14.) Marijuana: 4 things to watch for in California in 2021

Changes at the state level, a new appellations program, a legislative wish list and major market consolidation are all on the horizon.

The post Marijuana: 4 things to watch for in California in 2021 appeared first on The Cannabist.

15.) Western fashion, cannabis and plant love: Colorado trends that went big in 2020

"This was supposed to be Colorado's year. All the Instagram girls -- Gigi Hadid, Kendall Jenner -- were wearing cowboy boots and wide-brimmed hats."

The post Western fashion, cannabis and plant love: Colorado trends that went big in 2020 appeared first on The Cannabist.

16.) California cannabis businesses weathered 2020 better than many industries, but challenges persist

The industry had to grapple with complications from a global pandemic that were layered on top of ongoing struggles against high tax rates, a thriving illicit market and problems poised by marijuana remaining federally illegal.

The post California cannabis businesses weathered 2020 better than many industries, but challenges persist appeared first on The Cannabist.

17.) 2020 is already the highest-selling year for weed in Colorado

Colorado dispensaries sold more marijuana in the first 10 months of 2020 than they did during a record-setting sales year in 2019.

The post 2020 is already the highest-selling year for weed in Colorado appeared first on The Cannabist.

18.) Aurora says yes to recreational pot delivery in Colorado's third-largest city

The Aurora City Council on Monday night gave preliminary approval, by an 8-2 vote, to cannabis delivery in Colorado's third-largest city.

The post Aurora says yes to recreational pot delivery in Colorado's third-largest city appeared first on The Cannabist.

19.) Marijuana delivery and cannabis "bars" gain traction in Denver

Next year, Denverites may be able to have marijuana delivered to their homes if the city council adopts a new proposal to regulate delivery services.

The post Marijuana delivery and cannabis "bars" gain traction in Denver appeared first on The Cannabist.

20.) Orange County's Democratic leaders celebrate historic House vote to decriminalize marijuana

Supporters say decriminalizing and taxing cannabis at the federal level reverses a failed policy of criminalizing marijuana consumption and helps address racial disparities in enforcement of federal drug laws.

The post Orange County's Democratic leaders celebrate historic House vote to decriminalize marijuana appeared first on The Cannabist.

21.) House votes to decriminalize marijuana at federal level

The Democratic-controlled House on Friday approved a bill to decriminalize and tax marijuana at the federal level, reversing what supporters called a failed policy of criminalization of pot use and taking steps to address racial disparities in enforcement of federal drug laws.

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22.) House votes to decriminalize marijuana at federal level

WASHINGTON (AP) — The Democratic-controlled House on Friday approved a bill to decriminalize and tax marijuana at the federal level, reversing what supporters called a failed policy of criminalization of pot use and taking steps to address racial disparities in enforcement of federal drug laws.

The post House votes to decriminalize marijuana at federal level appeared first on The Cannabist.

23.) Ticker: Biden has no immediate plans to lift china tariffs; San Francisco bans smoking inside apartments, pot smoking OK 

President-elect Joe Biden says he won’t immediately lift tariffs placed by President Trump on many imports from China or break Trump’s initial trade deal.

The post Ticker: Biden has no immediate plans to lift china tariffs; San Francisco bans smoking inside apartments, pot smoking OK  appeared first on The Cannabist.

24.) Pot delivery in Massachusetts offers wiggle room for owners, community

When selling marijuana became a legitimate business in Massachusetts, it was seen as a welcome opportunity for entrepreneurs.

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25.) Massachusetts cannabis retailers vow to fight marijuana delivery regulations poised for passage Monday

Massachusetts cannabis retailers have vowed a fight over controversial new marijuana delivery rules that regulators are expected to pass on Monday, which prioritize minority applicants and would enable courier companies to buy and sell marijuana wholesale without a brick-and-mortar business.

The post Massachusetts cannabis retailers vow to fight marijuana delivery regulations poised for passage Monday appeared first on The Cannabist.

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