Licensed Nevada medical marijuana dispensaries can start selling recreational cannabis as planned on Saturday despite an ongoing legal battle, state officials said. Nevada intends to appeal a district judge’s order that only alcohol wholesalers can obtain cannabis...
The Alaska Marijuana Control Board next month will consider three proposals to allow onsite consumption in marijuana retail stores. Under the board members' recommendations, which will be considered at a July 11-14 meeting: Customers would be allowed to try marijuana...
Rhode Island’s Senate and House of Representatives voted to end their debate over recreational marijuana legalization bills and instead created a 19-person commission to study the issue. Among the commission's mandates - after the Senate agreed Thursday with an...
The Massachusetts House of Representatives on late Wednesday approved a bill that would repeal and replace the adult-use marijuana law voters passed last November and would more than double the tax rate and require that cannabis business employees be fingerprinted in...
PNC Bank - the sixth-largest financial institution in the United States - has closed Marijuana Policy Project's accounts, a move that underscores worries the Trump administration will try to interfere with state-licensed medical and recreational cannabis programs. The...
A medical cannabis company in Perth, Australia, has signed a distribution agreement with a Slovenian company to expand the MMJ market in Europe. Under the deal, Australia-based MGC Pharmaceuticals will grow and process cannabis at its cultivation and extraction sites...
A Canadian company that owns a medical marijuana cultivator and CBD company in Las Vegas has started trading on the Canadian Stock Exchange, a move that could make it easier for other U.S. plant-touching companies to list in Canada.
By Omar Sacirbey
The marijuana industry can expect higher valuations, more capital injections and increased merger and acquisition activity after the sale of High Times and the iconic magazine’s Cannabis Cup.
That’s the assessment of analysts following the deal, in which investors paid $42 million for a 60% stake in the company.
By Omar Sacirbey In 14 years on Wall Street, Hadley Ford was involved in more than 150 deals worth billions of dollars. He later co-founded and scaled a cancer treatment facility to more than 300 employees and $100 million in annual revenue. In 2014 he moved to the...
Canadian marijuana executives and officials of two stock exchanges have been meeting about setting rules for investing in the U.S. cannabis sector. According to the Canadian Press, attorneys representing publicly traded cannabis producers said “there is an unwritten...
California’s looming legal recreational marijuana market eventually will total more than $5 billion in annual sales, but the black market will continue to provide substantial competition, according to a study by the University of California Agricultural Issues Center.
Contracted by the the state’s Bureau of Marijuana Control, the study mirrors Marijuana Business Daily’s projection in May that California’s legal rec industry eventually will generate $4.5 billion-$5 billion in annual retail sales.
A federal appeals court ruled the owners of a southern Colorado horse farm can sue a neighboring marijuana cultivation warehouse for damages because of odors and other nuisances that could hurt property values. The 10th Circuit Court of Appeals in Denver also ruled...
