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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 […]

Internships allow marijuana companies to ‘grow talent from within’

August 17th, 2019A growing number of cannabis companies – both ancillary and plant-touching – are creating internship programs for college students and graduates whom the firms hope will eventually become full-time employees. Internships allow marijuana companies to ‘grow talent from within’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

FBI investigating possible corruption in US cannabis industry

August 16th, 2019The FBI is looking into potential corruption in the burgeoning U.S. marijuana industry – particularly in Western markets – and is seeking tips to investigate. “As an increasing number of states change their marijuana legislation, the FBI is seeing a public corruption threat emerge in the expanding cannabis industry,” FBI spokeswoman Mollie Halpern said on […]

Germany gains new supplier of medical marijuana flower

August 16th, 2019It’s been an eventful week for German medical cannabis distributor Iuvo Therapeutics. First, the Neuss-based company received its first international shipment of dry cannabis flower from Canada-based TerrAscend. Then, Iuvo Therapeutics announced it was being acquired by London-based cannabis firm Wundr Co. “In the upcoming weeks – and together with our new team from Wundr – Iuvo will continually scale up […]

Missouri extends medical marijuana license application timeline

August 16th, 2019Missouri is giving businesses that want to run medical cannabis facilities more time to file applications. The state’s Department of Health and Senior Services extended the deadline until 4:30 p.m. Monday. The deadline was scheduled to end Saturday. Director Randall Williams said in a statement that the agency learned during the early days of accepting […]

Harvest agrees to halt quest for two medical cannabis licenses in Pennsylvania

August 16th, 2019Harvest Health & Recreation, an Arizona-based multistate cannabis company, reached an agreement with Pennsylvania regulators to drop two permits for affiliated medical marijuana companies it was pursuing in the state. Harvest no longer will pursue permits for Harvest of Northwest PA and Harvest of North Central PA. The company also will not operate the two facilities […]

Washington Ag Department: Hemp CBD Foods Are Illegal

August 16th, 2019In a rules update posted this month to the Washington State Department of Agriculture (WSDA) website, state officials have clarified that hemp-derived CBD is not allowed as a food ingredient or additive. The clarification comes as hemp entrepreneurs and enthusiasts anxiously await federal CBD regulations from the FDA — expected sometime in the coming weeks […]

As cannabis industry grows, opportunities in testing rise

August 16th, 2019Given the skyrocketing demand for cannabis and its newly found legitimacy, we anticipate increased government scrutiny and a need for more testing. As cannabis industry grows, opportunities in testing rise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Poll Finds 63% of Americans Support Cannabis Legalization

August 16th, 2019According to a poll from Investor’s Business Daily and TIPP, 63 percent of Americans support cannabis legalization, including 75 percent of Democrats, 66 percent of independents, and 46 percent of Republicans. The survey found that nearly one-fifth of investor households consumed cannabis in the past six months. Support for legalization was highest in the West […]

UFC’s Nate Diaz Smokes Joint During Public Workout

August 16th, 2019Professional mixed martial arts fighter Nate Diaz sparked a joint during a public workout at the Honda Center in Anaheim on Wednesday, just days before his UFC 241 face-off against Anthony Pettis in the same venue. Cameras filmed the fighter puffing heavily on the joint before passing it to his videographer, who in turn passed […]

Former Detroit Lions’ Cannabis Company Partners with Harvard for CTE Studies

August 16th, 2019Former Detroit Lions Calvin Johnson and Rob Sims are partnering with Harvard University to research the effects of cannabis on chronic traumatic encephalopathy (CTE) and pain management, according to an ESPN report. Johnson, a former wide receiver, and Sims, a former lineman, co-own medical cannabis firm Primitive. The deal includes an undisclosed six-figure donation to […]

Maryland Appeals Court: Cannabis Odor Doesn’t Justify Personal Search

August 16th, 2019The Maryland Court of Appeals has unanimously ruled that while police can still use cannabis odor has justification for a vehicle search, they cannot search anyone in the vehicle unless they find evidence of a crime which does not include finding a small amount of cannabis, the Baltimore Sun reports. “The same facts and circumstances […]

Fairbanks, Alaska, approves first marijuana consumption site in city

August 15th, 2019A Fairbanks dispensary is moving closer to becoming the first in the city where on-site consumption of cannabis is permitted. The Fairbanks City Council voted unanimously on a measure that allows consumption at The Fairbanks Cut, once it gets a certificate of occupancy, according to the Daily News-Miner. It can take several weeks to a […]