Anne Holland

Big MN-Backed Grower Applies for Coveted NY License

Kyle Kingsley, MD, is hoping he’s found a way to expand his cannabis cultivation company across multiple states, by setting up a series of linked LLCs and by emphasizing his traditional medical background in license applications. After Kingsley founded Minnesota Medical Solutions LLC (aka MinnMed) two years ago, it won one of only two cultivator […]

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Maryland Sticks With $250,000 Cultivation License Fees

Despite rumors that fees could be reduced, Maryland’s medical marijuana commission on Thursday left licensing fees unchanged from prior recommendations as they approved draft rules to govern cannabis businesses. Medical marijuana growers will have to pay $250,000 for a two-year license while dispensaries will have to pay $80,000, the commission said. The group had delayed […]

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WA State Farmer Gets a Ton of Publicity for Marijuana Auction

Dozens of media outlets, ranging from USA Today to the Daily Mail, the UK’s largest newspaper, have been eagerly reporting on a marijuana auction to be held at Fireweed Farms in Prosser WA this Saturday. Washington State marijuana enforcement authorities will attend the auction. All bidders must register, producing ID and a state license to […]

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Marijuana Business Conference & Expo Sold Out; Live Twitter Feed Available

Producers of the 3rd Annual Marijuana Business Conference & Expo, being held today and tomorrow in Las Vegas, have announced that as of 9:30 am local time this morning, the conference was sold out. The editorial team of Marijuana Business Daily is publishing a live twitter feed from the show available at @MJBizDaily. Although the […]

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New Forecast: U.S. MMJ and Recreational Cannabis Sales to Hit $8 Billion by 2018

By Anne Holland U.S. retail cannabis sales will rise more than five-fold over the next five years, from an estimated $2.2-$2.6 billion in 2014 to $7.4-8.2 billion in 2018, according to new financial data released today in the 2014 edition of the Marijuana Business Factbook. Although the 2014 estimated sales are right in line with […]

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Colorado Governor Lowers Cannabis Tax Forecast

Colorado Gov. John Hickenlooper has scaled back his cannabis tax revenue estimates by about 15%, saying he wants to take a more conservative approach amid wildly different market projections. The governor said he now expects the state to bring in roughly $114 million in fees and taxes tied to recreational and medical cannabis in the […]

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Florida MMJ Gold Rush: 60+ Businesses Launch

More than 60 new medical marijuana-related businesses have reportedly incorporated in Florida over the past nine months, the majority in the last 60 days. Although medical cannabis is not legal in the state yet, supporters have pledged $20 million for TV ads to support a November ballot initiative; and 78% of Floridians polled say they […]

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Holder ‘Glad’ to Work With Congress on Reclassifying Marijuana

United States Attorney General Eric Holder didn’t mention cannabis in his officially planned remarks Friday before the House Appropriations Subcommittee. He focused instead on everything from national security to prison rape. However, when the floor opened for questions, marijuana was one of the top topics. The Attorney General’s Office has the power to re-categorize cannabis […]

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Mexican Cannabis Growers Switching to Poppies as US Prices Drop

Significant numbers of marijuana farmers throughout Mexico and Central America are switching to other crops, in particular poppies. The reason? Wholesale cannabis prices in the United States have dropped precipitously due to increasing numbers of licensed MMJ dispensaries and recreational retailers. “I wish the Americans would stop with this legalization,” Rodrigo Silla, a lifelong cannabis […]

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Dozens of Drought-Stricken Colorado Farmers Attend Hemp Symposium

Applications to grow industrial hemp in Colorado are due in to the state’s Department of agriculture by May 1st. Based on attendance at last night’s Hemp Farming Symposium in Adams County Colorado, it seems that dozens of farmers are interested despite the fact that hemp farming is still illegal under federal law. More than 100 […]

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Connecticut Dispensary License Winners Chosen: Openings Set for Late Summer

Connecticut awarded its first six medical marijuana dispensary licenses yesterday.  The dispensaries are hoping to open in late summer or early fall, pending harvests from the state’s four licensed cannabis growers. Initially, the state had only planned to award no more than five licenses in total state-wide. However, registered patient numbers have risen dramatically, from […]

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Washington State’s Retail Marijuana License Lottery Set for April 21-25

Washington State’s Liquor Control Board has selected an independent auditor to select the final winners of 334 recreational cannabis retail licenses.  The lottery will be held April 21-25th; winners will be notified May 1st and then be made public May 2nd. Although the State received 2,100 retail applications by the December deadline, only about 1,000 […]

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