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West Virginia Seeks Financial Institution to Handle Medical Marijuana Money
April 23rd, 2019West Virginia Seeks Financial Institution to Handle Medical Marijuana Money State lawmakers passed a bill earlier this year to allow financial organizations, like credit unions, to bid for the job. CHARLESTON — The state Treasurer’s Office hopes to have a request for proposal (RFP) issued within the next month with the goal of hiring a […]
Canopy Kicks Off Cross-Border Cannabis Consolidation
April 22nd, 2019By Kristine Owram |April 21, 2019, 8:00 AM EDT Cross-border cannabis consolidation has begun. Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs. The deal is “the most […]
MedMen CEO Adam Bierman Deflects in Reddit AMA
January 24th, 2020MedMen Enterprises is a well-known brand throughout the cannabis industry. Over the past several years, MedMen has built a massive presence in the industry with more than 30 retail stores and numerous cultivation sites throughout the continental United States. They are also traded publicly on the Canadian Securities Exchange (MMEN) and OTC in the United […]
British Columbia’s adult-use cannabis sales spike in November to pace Canadian growth
January 24th, 2020British Columbia accounted for almost all of Canada’s latest month-over-month increase in adult-use marijuana sales as the nation’s westernmost province is seeing improved access with a slate of new store openings. Canada’s retail sales rose by 6.8 million Canadian dollars ($5.1 million) to CA$135 million from October to November. Sales in British Columbia, meanwhile, increased […]
Tribes in two states considering cannabis opportunities
January 24th, 2020An American Indian tribe in Oklahoma is exploring ways to become involved in the marijuana industry, while a South Dakota tribe will vote on whether to legalize medical and adult-use cannabis its reservation. The Cherokee Nation in Tahlequah, Oklahoma, is seeking recommendations from a seven-member committee by May 31 on marijuana and hemp opportunities for the […]
Missouri licenses 192 medical marijuana dispensaries
January 24th, 2020It took only two days for Missouri regulators to award all 192 medical cannabis store licenses in the state. Voters approved a constitutional amendment in 2018 that requires the state’s Department of Health and Senior Services (DHSS) to license at least 192 dispensaries, 24 in each of Missouri’s eight congressional districts, according to St. Louis Public […]
Alaska licenses state-approved social cannabis consumption
January 24th, 2020Marijuana stores in Alaska will be among the first in the United States where state-sanctioned on-site consumption is permitted. Alaska regulators approved licenses for the first retail stores where customers can smoke or consume marijuana products. Some cities in other states have approved MJ consumption sites. For example, the City Council in Springfield, Illinois, recently approved a […]
MedMen Offers Vendors Stock Instead of Cash
January 24th, 2020MedMen Enterprises Inc., a cannabis company that operates in nine states, has offered its vendors shares in the company in an attempt to reduce its overhead and conserve cash, MarketWatch reports. The payment proposals come after MedMed’s “restructuring” last year, the company’s chief financial officer Zeeshan Hyder told MarketWatch, adding that MedMen “has been actively […]
Aphria secures CA$100 million injection from anonymous investor
January 24th, 2020Canadian cannabis producer Aphria said Friday it has entered into an agreement with an institutional investor for a strategic investment worth 100 million Canadian dollars ($76 million). Chief Corporate Affairs Officer Tamara Macgregor told Marijuana Business Daily the investor requested to remain anonymous. The investor agreed to purchase just over 14 million Aphria units at CA$7.12 apiece. […]
Traveler Steals Cannabis From Midway Airport ‘Amnesty Box’
January 24th, 2020Someone stole from Chicago’s Midway Airport’s cannabis amnesty box. According to NBC 5 Chicago, a traveler arriving in the city around 6 p.m. grabbed the box’s contents and ran away. The box reportedly contained only cannabis found on a traveler on Wednesday. The individual was escorted to the amnesty box and was allowed to deposit […]
Austin, Texas Police Blocked From Low-Level Cannabis Enforcement
January 24th, 2020The Austin, Texas City Council approved a resolution directing the city’s police to not spend city funds on lab tests to distinguish hemp from THC-rich cannabis, the Texas Tribune reports. The move will effectively end arrests and fines for low-level cannabis possession but law enforcement may still use funds for testing in felony cases. The […]
California to require marijuana retailers to exhibit QR code
January 23rd, 2020Citing the 2019 vaping crisis, California cannabis regulators on Thursday mandated that licensed marijuana retailers and distributors display a QR code in order to differentiate legal cannabis businesses from illicit ones. The new regulation will go into effect after it’s approved by the state Office of Administrative Law, which will likely take at least two weeks. “The […]
9,000 vape cartridges recalled from Detroit medical cannabis store
January 23rd, 2020Michigan regulators recalled 9,380 vaping cartridges containing vitamin E acetate sold by a licensed medical marijuana dispensary in Detroit. The vape cartridges recalled by the state’s Marijuana Regulatory Agency (MRA) came from Plan B Wellness. In December, the MRA issued a statewide recall of cartridges with high levels of vitamin E acetate, which has been linked to lung […]
No edibles under New Zealand’s medical cannabis scheme, government says
January 23rd, 2020Businesses will be barred from marketing cannabis edibles under New Zealand’s medical program, which kicks off in April, the government confirmed to Marijuana Business Daily, eliminating for now the opportunity for companies to capitalize on what could be a sizable market. Some businesses had believed that doctors would be allowed to prescribe edibles. A Health […]