Massachusetts-based MariMed, a multistate cannabis operator, is entering the hemp-derived CBD business with a $30 million investment in a Kentucky company. The company, GenCanna, has contract farmers to grow hemp to its specifications as well...
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Oklahoma discloses medical marijuana licensee info, raises ‘security issues’ for MMJ firms
Some in Oklahoma's medical cannabis industry are worried about the public disclosure of licensed locations after a cannabis grower’s property was ransacked. Chip Paul, chairman of Oklahomans for Health, the group that spearheaded the voter-approved medical marijuana...
Gov wins may provide business boost in some small, moderate cannabis markets
A number of pro-cannabis gubernatorial victories in the midterm elections could potentially lead to friendlier environments for marijuana firms in several states with small- to moderate-sized markets.
Trump ousts cannabis threat Jeff Sessions as attorney general
U.S Attorney General Jeff Sessions, who less than a year ago stunned the marijuana industry by ripping up Obama-era protections for state-legal MJ businesses, has been forced out by President Trump.
Utah medical cannabis election victory could help ensure program’s viability
Voters approved a medical marijuana initiative in Utah, a victory that could put additional pressure on state lawmakers to ensure the modest program is financially viable. Proponents and opponents recently hashed out a legislative compromise in advance of Tuesday’s...
Key cannabis legalization wins could bring in upward of $2 billion in new sales
Marijuana scored a sweeping victory at the ballot box on Tuesday, with voters approving new markets in Michigan, Missouri and Utah that eventually could generate $2 billion in medical and recreational sales.
Across the nation, voters installed the Democrats as the new majority party in the U.S. House of Representatives, improving the odds that lawmakers will pass federal marijuana reforms that benefit MJ businesses.
US House flips to Democrats in a positive sign for marijuana reform
Democrats have retaken the U.S. House, TV networks projected, a development that could provide a shot in the arm for federal marijuana reform that benefits MJ businesses. Several experts have told Marijuana Business Daily that Democratic control of the House should...
Marijuana firms Terra Tech, Golden Leaf sign intent to merge in $125 million deal
Terra Tech Corp., a California-based, vertically integrated cannabis company, announced Monday that it has signed a nonbinding letter of intent to merge with Toronto-based Golden Leaf Holdings.
Maine extends deadline for marijuana rulemaking consultants to apply
Consultants seeking to guide Maine state agencies as they craft adult-use cannabis regulations and review the medical marijuana program now have until Nov. 8 to turn in their applications. The previous deadline was Nov. 1 Mainers in 2016 voted...
Regulator: Massachusetts to begin recreational cannabis sales within two weeks
A top marijuana regulator in Massachusetts said adult-use sales are expected to begin within two weeks - four months after the targeted July 1 launch of the state's recreational cannabis market. According to the Boston Business Journal, Massachusetts Cannabis Control...
Jury rules in favor of Colorado marijuana grower in racketeering lawsuit
Colorado jury gave a cannabis grower in a racketeering lawsuit an important victory and it’s a landmark win for the marijuana industry
If they pass, state cannabis initiatives could lead to $2B-plus in new MJ sales, forecast shows
New medical and recreational marijuana markets in four states ultimately could generate more than $2 billion in combined sales…
