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Ontario offers no new details on cannabis retail expansion, will allow ‘click-and-collect’ sales

November 6th, 2019Ontario’s government is still not releasing key details on when it will significantly expand the number of adult-use cannabis stores, while a new analysis suggests the slow rollout of storefronts has already cost the province’s fledgling industry about 325 million Canadian dollars ($246 million) in foregone revenue. In the Economic Outlook introduced Wednesday in the […]

Nearly 400 California marijuana business licenses suspended, injecting fresh uncertainty into state’s cannabis industry

November 6th, 2019California has suspended nearly 400 marijuana business permits, temporarily paralyzing roughly 5% of the state’s legal cannabis supply chain ranging from retailers to distributors. Those companies must cease all sales transactions until their licenses are reinstated to “active” status, leading one prominent trade group to criticize the state for temporarily reducing the number of legal […]

Missouri Medical Marijuana Applications

November 6th, 2019Missouri Medical Marijuana Applications is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Portugal tries to position itself as Europe’s top medical cannabis exporter, but companies face challenges

November 6th, 2019Portugal is gearing up to become a medical marijuana production powerhouse serving growing European markets. But as access to capital tightens in the global cannabis industry, companies wanting to set up operations in Portugal could have challenges to secure the necessary funds for their ambitious plans. Only a handful of firms are currently fully operational and […]

NYPD Seizes 106 lbs of Legal Hemp After FedEx Tip

November 6th, 2019A FedEx tip to the New York Police Department led to the seizure of 106 pounds of legal hemp, the New York Post reports. On Sunday, police at the 75th Precinct lauded the bust on Twitter the day after arresting Ronen Levy, whose brother Oren owns GreenAngels CBD, for drug-related crimes. “My brother was falsely […]

Study Finds Cannabis Could Reduce PTSD Symptoms

November 6th, 2019Research published in the Journal of Psychopharmacology suggests that “cannabis use may contribute to reducing the association between post-traumatic stress disorder and severe depressive and suicidal states,” according to a Newsweek outline of the study. The research used data from the 2012 Canadian Community Health Survey on Mental Health which involved 24,089 people aged 15 […]

Columbia Care to Acquire The Green Solution in $140M Deal

November 6th, 2019Columbia Care, which holds cannabis licenses throughout the U.S. and Europe, has entered an agreement to acquire Colorado-based The Green Solution in a stock and note deal worth $140 million, the company announced on Tuesday. The deal will increase Columbia’s U.S. footprint to 93 total facilities, including 74 dispensaries and 19 cultivation facilities. The Green […]

Experts suggest recent marijuana industry layoffs are part of a reality check; more job cuts expected

November 6th, 2019Anyone paying attention to cannabis business headlines has noticed what on its face seems a disturbing trend: At least half a dozen large companies recently announced layoffs, perhaps suggesting there’s financial trouble surrounding the marijuana industry. But those headlines don’t reveal the full story, several industry watchers told Marijuana Business Daily. Rather, recent layoffs are a […]

Marijuana banking

November 5th, 2019Marijuana banking is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California Continues Unregulated Cannabis Busts

November 5th, 2019California law enforcement officials have eradicated 953,000 cannabis plants from 345 grows throughout the state as part of their Campaign Against Marijuana Planting Program, the City News Service reports. State Attorney General Xavier Becerra said the crackdown has also led to the seizure of 168 weapons. This year, the CAMP teams – which includes federal, […]

Study: Using ‘Cannabis’ Over ‘Marijuana’ Doesn’t Change Perceptions

November 5th, 2019Using the term ‘cannabis’ instead of ‘marijuana’ does not influence the public’s perception of or attitude toward the plant, according to research published in the journal PLOS One. The study did find differences in perception when the word ‘medical’ is used in conjunction with ‘marijuana’ or ‘cannabis.’ About 43 percent of respondents said that both […]

Industrial Hemp Fiber Processing Facility Opening in Virginia

November 5th, 2019A Virginia firm is opening an industrial hemp processing center in Wythe County estimating to invest $894,000 into the site and purchase more than 6,000 tons of hemp over the next three years for processing, the governor’s office announced last week. The facility will be the first industrial hemp fiber processing center in the state […]