A new strain of medical marijuana being cultivated in Minnesota has one CEO expecting to be able to slash his company's prices by up to 10% next year. Kyle Kingsley, the head of Minnesota Medical Solutions, told an NBC affiliate in Minneapolis that a new strain his...
A single company is about to dominate Canada's thriving hemp-based foods industry. Manitoba Harvest this week acquired Hemp Oil Canada for $42 million, which will give the combined company an edge in two industries: hemp foods and hemp ingredients, according to the...
By John Schroyer A $1.9 trillion federal spending bill that Congress introduced this week represents a mixed bag for the cannabis industry, as it extends some key protections for marijuana businesses but also fails to address several hot-button issues such as banking...
The Obama administration has formally requested that the Supreme Court decline to hear a lawsuit that seeks to overturn Colorado's three-year-old recreational cannabis law. The attorneys general of Nebraska and Oklahoma filed the suit in December 2014, alleging that...
Medical cannabis dispensaries in the Detroit area have a new foe: vocal Christian pastors who don't like marijuana businesses. A group of pastors held an anti-dispensary rally in Detroit earlier this week in advance of a city council meeting on Thursday that's...
Lawmakers behind an effort to legalize recreational cannabis in Vermont via the legislature have crossed their T's and dotted their I's. A bipartisan measure has been drafted and is ready to be introduced as soon as the 2016 legislative session begins. The proposal...
Florida's CBD program has hit another snag. On Friday, three of the 24 applicants for Florida's five CBD business licenses filed legal complaints challenging the state health department's decisions in the permitting process. One company even accuses the state of...
New state regulations requiring that commercial cannabis - both medical and recreational - be tested for pesticide contamination could result in a major price increase in Oregon's marijuana market. The Oregon Health Authority has thus far released a list of 59...
A four-month-old campaign in Florida to legalize recreational cannabis at the ballot next year is pulling the plug. "Due to time constraints, it has become obvious we will not be able to collect the needed number of verifiable petitions in time to qualify for the 2016...
Slowly but surely. That seems to be the motto for numerous East Coast medical marijuana markets that have taken a long time to get off the ground. One of the slowest has been Delaware, which legalized MMJ in 2011 but didn't see its first dispensary open until just...
It looks like the CBD industry in Florida is moving ahead, regardless of what the state may do on the medical cannabis front next year. On Wednesday, the five nurseries in the state selected to produce CBD medicine for patients each posted a $5 million performance...
By John Schroyer and Omar Sacirbey Illinois medical cannabis sales start off on a positive note, Merrill Lynch takes an in-depth look at the marijuana industry, and a British MMJ company boosts production in anticipation of a U.S. expansion. Here’s a closer look at...
