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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 […]
Survey: Many Ohio medical cannabis patients ‘very dissatisfied’ with program
September 17th, 2019A survey of Ohio’s registered medical marijuana cardholders found that the price of MMJ remains prohibitively expensive and it’s difficult to buy. According to the Ohio State University’s Drug Enforcement Policy Center and the nonprofit advocacy group Harm Reduction Ohio, patients said the biggest barriers to purchasing medical cannabis, in order, were: High costs of […]
Securities regulator accuses former Canadian Cannabis Corp directors of fraud
September 17th, 2019Former directors and officers of a Toronto-based cannabis company have been accused by Ontario’s securities regulator of defrauding investors. Canadian Cannabis Corp said Tuesday it received a Statement of Allegations from the Ontario Securities Commission (OCS). According to a report by BNN Bloomberg, the OCS accused the company’s former chief executive and two vice presidents […]
Maine marijuana regulators try to end seed-to-sale tracking confusion
September 17th, 2019Maine’s marijuana policy office is seeking to curb confusion about the state’s new track-and-trace system after cannabis business owners complained about the costs of complying with the program. The Maine Office of Marijuana Policy conducted a demonstration of a cloud-based software product provided by Florida-based BioTrackTHC that will use barcode-based tags and labels to track […]
CannTrust’s cannabis licenses suspended by Health Canada
September 17th, 2019Citing noncompliance with Canada’s federal cannabis law and regulations, embattled producer CannTrust says it has received a Notice of License Suspension from Health Canada. CannTrust’s cannabis licenses suspended by Health Canada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Linton back in cannabis business as chairman, investor and adviser
September 17th, 2019Ousted Canopy Growth co-CEO Bruce Linton is getting back into the marijuana business in a big way, resurfacing as a senior executive, investor and adviser in three separate companies in the U.S. and Canada. Linton is joining Michigan-based Gage Cannabis Co. as executive chairman, parent company Wolverine Partners said Tuesday. Gage said in a release […]
USDA Submits Draft Hemp Rules to White House
September 17th, 2019The U.S. Department of Agriculture has submitted its hemp regulations to the White House Office of Management and Budget for approval, according to a UPI report. The rules are expected to designate hemp as a commodity crop and allow tribal councils and U.S. territories to cultivate hemp crops. Geoff Whaling, chair of the Washington, D.C.-based […]
Amazon Pulls Products Used for Counterfeit Vape Carts
September 17th, 2019Online retailer Amazon has pulled products that could be used to make counterfeit cannabis products, including packaging connected to products used by people in New York who fell ill with a vape-linked pulmonary disease, according to an MPR News report. Packaging for Chronic Carts and Dank Vape has been removed from the Amazon website – […]
New Study Shows Crime Reduction Near Colorado Dispensaries
September 17th, 2019A new study published in The Journal of Regional Science and Urban Economics shows a substantial reduction in crime rates near cannabis dispensaries in Colorado. The study uses data collected in Denver, Colorado between 2013 and 2016 and the results mirror those of other, similar studies that have been conducted in the past. “The results […]
Springfield, Massachusetts City Council to Investigate Cannabis Company’s Donation
September 17th, 2019The Springfield, Massachusetts City Council are investigating why a cannabis business is planning to spend $200,000 over a five-year period on a school environmental program and park in the city, hoping to determine whether the company made a deal with the mayor’s office in exchange for an operator’s license, according to a WGBH report. The […]
Plus Products Offers Hemp CBD Edibles Nationwide In Partnership with John Legend, Casper
September 17th, 2019San Mateo, CA – September 17, 2019 – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the “Company” or “PLUS”), the company behind the #1 & #2 best-selling THC edibles in California1, today announced the nationwide launch of its first-ever 100% hemp CBD product line. John Legend Partnership The launch is being supported by a newly […]
California governor issues executive order on vaping, says it’s an e-cigarette and marijuana problem
September 16th, 2019In the wake of a nationwide epidemic of illnesses associated with vaping, California Gov. Gavin Newsom on Monday signed an executive order launching a new crackdown on the burgeoning industry, both for tobacco-related companies and those in the cannabis industry. The move appears to be the first state regulatory backlash against vaping that includes the cannabis […]
Hemp & CBD: How Science Is Surpassing The Snake Oil Stereotype
September 16th, 2019Promising hope of relieving all of life’s ailments, from physical to mental health, consumers are constantly challenged to seek out and understand the latest industry standards. Not to mention the hype and distraction of the latest health and wellness scams. The truth is, put simply, some formulas fraud the long list of benefits derived from […]