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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 […]
Best practices for getting the top price for extracted marijuana products
November 22nd, 2020Once extraction is complete and finished products are made, there’s still one important step for cannabis-extraction companies to execute: Selling their manufactured goods to consumers. Best practices for getting the top price for extracted marijuana products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Marijuana operator Harvest settles dispute over Washington state assets
November 20th, 2020Multistate marijuana operator Harvest Health & Recreation said it has settled litigation in connection with the Washington state portion of an $85.8 million deal the company announced last March to buy the Seattle-based Have a Heart retail group. The disagreement emerged after the deal was announced. Arizona-based Harvest filed litigation last April against Have a […]
Longtime California cannabis czar Lori Ajax is stepping down
November 20th, 2020After nearly five years of overseeing the rollout of California’s statewide marijuana regulatory system, Lori Ajax is retiring. Alex Traverso, spokesman for the California Bureau of Cannabis Control, confirmed Ajax’s resignation on Friday to Marijuana Business Daily. Ajax informed the agency’s staff this past week of her departure, he said. “She didn’t really give a […]
Rhode Island grappling with model for adult-use marijuana legalization
November 20th, 2020Lawmakers in Rhode Island met this week to begin debate on how – not if – they will legalize adult-use recreational marijuana in 2021, but a consensus appears a long ways off. According to East Providence TV station WPRI, one of the fundamental questions is whether the state will establish a government-run industry – which […]
Industry reacts to California cannabis delivery lawsuit outcome: ‘It’s not a win’
November 20th, 2020As news spread of an important ruling in a lawsuit over California’s statewide cannabis delivery policy, industry executives’ initial impression of a victory gave way to the reality that more legal battles are likely. Industry reacts to California cannabis delivery lawsuit outcome: ‘It’s not a win’ is a post from: Marijuana Business Daily: Financial, Legal […]
New Jersey recreational cannabis bill advances, but differences remain
November 20th, 2020Two key New Jersey legislative budget committees advanced a recreational cannabis implementation measure, but differences in the Assembly and Senate versions must be resolved before a full-floor vote. New Jersey lawmakers are moving rapidly since residents overwhelmingly voted to legalize adult use on Election Day, setting into motion the formation of a billion-dollar market. But […]
Australia sends first commercial cannabis oil export to Germany
November 19th, 2020Cannabis producer Little Green Pharma became the first Australian company to send its medical marijuana oil to Germany for sale to consumers, the Western Australia-based firm announced. Australia sends first commercial cannabis oil export to Germany is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Mexican Senate approves cannabis legalization bill, ending monthslong delay
November 19th, 2020The Mexican Senate on Thursday approved a comprehensive adult-use marijuana legalization bill, but the pending law still faces some hurdles before doors are fully open to business opportunities in Latin America’s second-largest consumer market. Mexican Senate approves cannabis legalization bill, ending monthslong delay is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news […]
Utah marijuana business licensing process biased, audit shows
November 19th, 2020An investigation into the Utah Department of Agriculture and Food, which regulates the state’s medical marijuana program, turned up problems with the selection process of marijuana growers. Utah marijuana business licensing process biased, audit shows is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Another cannabis flower recall in Germany stemming from contamination
November 19th, 2020Gröbenzell, Germany-based Ever Pharma is recalling all batches of its cannabis flower product CanPharma 20/1 after detecting contamination above acceptable levels, Marijuana Business Daily has learned. Another cannabis flower recall in Germany stemming from contamination is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
CBD not a narcotic, EU court says, potentially opening new market
November 19th, 2020The European Union’s top court ruled that CBD derived from the entire industrial hemp plant is not a narcotic, paving the way for new business opportunities for low-THC marijuana producers to sell outside the highly regulated pharmaceutical channels in Europe. CBD not a narcotic, EU court says, potentially opening new market is a post from: […]
New Jersey medical marijuana applicants seek to break legal impasse
November 18th, 2020A group of unsuccessful medical marijuana license applicants is trying to compel New Jersey officials to settle a case that continues to stall program expansion in advance of an adult-use market in the state. New Jersey medical marijuana applicants seek to break legal impasse is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness […]