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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 […]
After two-year wait, New Jersey issues 14 more medical cannabis permits
October 15th, 2021New Jersey regulators awarded 14 new medical cannabis business licenses in advance of next year’s likely adult-use market launch. The issuance of the licenses fulfills a 2-year-old plan to expand the state’s MMJ program. According to NJ.com, the state’s Cannabis Regulatory Commission on Friday announced the permit winners, a mixture of 10 cultivation and four […]
Florida paves way for Black farmer medical cannabis license
October 15th, 2021Florida announced an emergency rule to issue one license designated for a Black farmer to compete in the state’s billion-dollar medical marijuana industry. The beginning of the licensing process comes four years after lawmakers established the requirement to address past racial discrimination issues, public radio station WLRN in Miami reported. The requirement was part of Florida’s […]
Nevada recreational marijuana sales top $1 billion
October 15th, 2021Recreational marijuana sales in Nevada surpassed the $1 billion mark for fiscal year 2021, according to data from the state. Nevada recreational marijuana sales top $1 billion is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Mississippi gov issuing ‘unreasonable demands’ on cannabis, lawmakers say
October 15th, 2021Republican state lawmakers in Mississippi say that GOP Gov. Tate Reeves has been delaying a special session of the Legislature with “unreasonable demands” on parameters of a bill to legalize a medical cannabis program. According to Mississippi Today, there’s been an ongoing back-and-forth between Reeves and Republican lawmakers since Sept. 24, when they informed him […]
Female cannabis execs discuss how to achieve gender equity
October 15th, 2021Gender equity across the cannabis industry is still lacking – especially in ownership and executive positions. And it’s a problem that appears to be getting worse. MJBizDaily recently completed its third annual survey of female and minority participation at all levels of employment in the marijuana and hemp industries and uncovered statistics that show the […]
Cresco spending $80 million to acquire another Pennsylvania marijuana firm
October 14th, 2021Chicago-based Cresco Labs said Thursday it will acquire Pennsylvania-based Laurel Harvest Labs in a cash-and-stock deal worth $80 million. The acquisition is the multistate operator’s second in less than a month, following the $90 million purchase of Cure Pennsylvania in September. Cresco said in a news release that the addition of Laurel Harvest will further cement […]
Cannabis real estate lender gets FDIC-backed credit line
October 14th, 2021Pelorus Equity Group, a California-based commercial real estate lender to cannabis-related businesses, said it has secured a federally insured $20 million line of credit. Pelorus said it believes it’s the first company in the cannabis sector to obtain such a credit line from a Federal Deposit Insurance Corp. (FDIC)-insured bank. That statement couldn’t immediately be […]
Oregon county declares state of emergency over illegal marijuana grows
October 14th, 2021A county in Southern Oregon is asking for more help to deal with a flood of illegal marijuana grows, declaring a state of emergency and asking for the governor and lawmakers to step in. Oregon county declares state of emergency over illegal marijuana grows is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for […]
Canada’s Canopy agrees to pay $297 million for right to buy US marijuana edibles maker Wana
October 14th, 2021Canopy Growth has struck a deal to buy leading U.S. edibles maker Wana Brands for $297.5 million in the latest wager by a large Canadian producer that the United States will eventually legalize marijuana. Canada’s Canopy agrees to pay $297 million for right to buy US marijuana edibles maker Wana is a post from: MJBizDaily: […]
Triminator introduces new breed of cannabis trimmer
October 14th, 2021FOR IMMEDIATE RELEASE Contact: Dana Mosman Phone: 530.265.4277 Email: info@thetriminator.com The “Semi-Dry” Trimmer Improves Processing Method and Speed, Costs Less Grass Valley, CA, October 14th — Triminator, a leading manufacturer of hemp and cannabis processing equipment, today introduced a new type of cannabis trimmer — and a new paradigm for trimming cannabis. The Triminator Hybrid […]
Mississippi still pondering special legislative session on medical cannabis
October 13th, 2021State lawmakers in Mississippi might yet have a special session in an attempt to strike a legislative deal to legalize medical cannabis in the state. The primary question appears to be when that session, which would be called by the governor, would be held. According to the Associated Press, Gov. Tate Reeves is still hammering […]
South Dakota 2022 recreational marijuana campaign kicks off
October 13th, 2021The campaign to legalize recreational marijuana in South Dakota is officially underway – again. According to a news release, the South Dakota secretary of state’s office on Tuesday approved a draft of a statewide ballot measure for 2022, meaning the campaign – South Dakotans for Better Marijuana Laws (SDBML) – can start collecting the 17,000 […]