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About 20% of licensed marijuana companies in California’s capital city face temporary closure

January 27th, 2020More than a fifth of the cannabis companies in Sacramento, California, are confronting the possibility of at least a temporary suspension of operations on the first day of February. City regulators sent notices to dozens of registered marijuana businesses in December as a reminder they had not formally completed the process for acquiring a Sacramento […]

Deadline nears for proposals to renovate new Quebec cannabis stores

January 27th, 2020Prospective contractors in Quebec have until Feb. 3 to submit proposals to renovate almost five dozen new adult-use cannabis branches slated to be opened over the coming three years. Deadline nears for proposals to renovate new Quebec cannabis stores is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Trump Says Cannabis Use Reduces IQ Score

January 27th, 2020During recently released audio from a 2018 dinner party attended by President Donald Trump and some of his close associates, the president suggests that cannabis use causes people to “lose IQ points;” the discussion was first reported by Marijuana Moment’s Tom Angell for Forbes. The audio comes from a recording made secretly by Lev Parnas, […]

Cannabis CEO Donates $1.5M for Cannabinoid Research

January 27th, 2020Colorado State University graduate and CEO of medical cannabis company Panacea Life Sciences Leslie Buttorff has given $1.5 million to her alma mater for cannabis research, CBS4 reports. Buttorff graduated from CSU in 1979 with a degree in statistics. Jan Nerger, dean of the College of Natural Sciences, said the gift will give “unprecedented opportunities” […]

New York Gov. and Lawmakers Sparring Over Cannabis Plan

January 27th, 2020New York Gov. Andrew Cuomo (D) and lawmakers are sparring over cannabis legalization details, including how the revenues would be disbursed and whether to pass the measure via the budget bill, the Buffalo News reports. Last year, Cuomo had also included legalization in his budget bill but legislative leaders preferred the reforms move through the […]

Medical Cannabis Bid Approved for Mississippi Ballot

January 27th, 2020Mississippi voters will decide whether to legalize medical cannabis in the state after the ballot initiative was approved by the Mississippi Secretary of State and Mississippi Attorney General’s office earlier this month, the Daily Mississippian reports. The proposal, which would be a constitutional amendment, outlines 20 “debilitating conditions” that would qualify a patient for the […]

Temporary uptick in Washington state wholesale cannabis flower prices on shuttered businesses, unused canopy

January 27th, 2020Washington state’s wholesale cannabis flower market is experiencing rising prices, but marijuana business owners don’t expect that upward trend to last. Temporary uptick in Washington state wholesale cannabis flower prices on shuttered businesses, unused canopy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

How cannabis growers can brace themselves for a product recall

January 26th, 2020If you’re in the business of cultivating marijuana, it’s more than likely a product recall is in your future. How cannabis growers can brace themselves for a product recall is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: US House members reach out to Senate on marijuana banking, Cresco gets $200M in debt financing, Denver MJ store burglaries & more

January 25th, 2020Sponsors of the cannabis banking bill that passed the U.S. House appeal to the chair of a key U.S. Senate panel, lenders provide Cresco Labs $200 million in debt financing, police urge Denver marijuana store owners to take added security measures – and more of the week’s top MJ business news. Marijuana banking reform The four […]

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 […]