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MassRoots board resigns; Dietrich reinstated as CEO

In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them.

“I am back at MassRoots,” an elated Dietrich told Marijuana Business Daily on Wednesday.

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Marijuana entrepreneurs already lining up for New Jersey’s looming recreational market

New Jersey can’t even begin the recreational cannabis legalization process until mid-January, but marijuana entrepreneurs across the country are descending on the Garden State in hopes of getting a first-mover’s advantage in what could become one of the most buoyant markets on the East Coast. Indeed, many marijuana businesses already have a presence in New Jersey, […]

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Hemp State Highlight: New York has a $5 million plan to become hemp processing hub

New York typically goes big, and when it comes to hemp, the Empire State is writing the nation’s fattest check yet to promote its new crop. After a late start authorizing hemp production and a program that is relatively small compared to bigger agricultural producers, New York hopped to the front of the nation’s hemp line in July, when Gov. Andrew Cuomo invited hemp entrepreneurs to compete for $5 million in development grants.

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Chart: Diversity still a hot topic in Maryland’s medical marijuana industry

Over 35% of those with an ownership stake in a Maryland medical marijuana company – and nearly 60% of those employed by MMJ businesses – are racial minorities, according to preliminary data released by the Maryland Medical Cannabis Commission. But some industry watchers believe those numbers don’t tell the whole story and still contend that […]

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Week in Review: Michigan MMJ rules, WA halts hemp licensing & Maryland supply shortfall

Michigan sets emergency rules for its medical marijuana program, Washington state stops issuing hemp licenses, and Maryland MMJ businesses encounter a supply shortage after sales begin. Here’s a closer look at some notable developments in the marijuana industry over the past week. Michigan making progress Michigan is one of the latest state medical cannabis markets […]

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Los Angeles paves way for regulated marijuana market on ‘historic day’

Los Angeles could be among a handful of California cities to begin recreational marijuana sales on New Year’s Day after the City Council’s unanimous approval of cannabis industry regulations Wednesday. “Let’s don’t be a part of history. Let’s make history,” Council President Herb Wesson said moments before 12 council members voted to pass three ordinances […]

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