The sale of a licensed CBD business in Florida to a Canadian medical cannabis producer is threatening to unravel amid a high-stakes lawsuit and allegations of a power grab that has splintered the directors of the dispensary targeted for acquisition. According to a...
The U.S. Postal Service in Juneau, Alaska, refused to deliver a box of cash to Anchorage for a local recreational marijuana business that was mailing its regular tax payment to the state, saying the delivery would violate federal law. The incident underscores the...
The chair of the Canadian government’s marijuana legalization task force believes black-market growers should be allowed to participate in the country’s new recreational cannabis industry. Such a move could affect business opportunities. The federal government's...
A day after winning Pennsylvania's medical marijuana seed-to-sale tracking contract, MJ Freeway said Friday it has received $3 million in Series B extension financing. The financing - which comes from existing investors Tao Capital Partners, based in San Francisco,...
Aphria, one of Canada’s largest licensed medical marijuana producers, announced it has secured 100 million Canadian dollars ($74 million) in financing. The financing will be used mostly to expand Aphria's production capacity, which "is expected to supply more than...
Embattled MJ Freeway received a key vote of confidence Thursday after Pennsylvania awarded the Denver company a $10 million contract to provide a seed-to-sale tracking system to keep tabs on the state’s new medical marijuana program.
The five-year contract is a shot in the arm for MJ Freeway, given that Pennsylvania’s MMJ market is forecast to generate more than $100 million in annual sales a few years after it’s up and running.
North Dakota’s medical marijuana industry took a big step this week when Gov. Douglas Burgum signed legislation laying out a regulatory framework for the state's new MMJ program. North Dakota voters overwhelmingly approved MMJ legalization in November, but the...
Flow Kana, a San Francisco distributor that specializes in craft-grown marijuana, shared more details Tuesday about plans to transform a former Northern California wine estate, saying it will build a “cannabis institute” catering to small-batch MJ growers.
Canadian provincial leaders are raising questions over whether they will be ready when Canada’s recreational marijuana market is set to go online in July 2018. That could slow the adult-use industry's rollout across Canada, making it more difficult for entrepreneurs...
The biggest marijuana business development this week – and quite possibly this year – originated north of the border.
Hawaii’s medical marijuana patient counts are increasing rapidly, but the sheer numbers, problems with seed-to-sale tracking software and a dearth of licensed testing labs are undermining the program’s rollout and costing at least one MMJ business money.
Canada’s government on Thursday introduced highly anticipated legislation in the House of Commons to legalize recreational marijuana, proposing that existing licensed medical cannabis producers get the first crack at business licenses. The legislation sets July 1,...
