Omar Sacirbey

Feds grant UC San Diego cannabis import license for product from Canada’s Tilray

In a rare move, the U.S. Drug Enforcement Administration approved the importation of marijuana extracts from Canada for a clinical trial, a decision that paves the way for additional research into the potential medical benefits of marijuana. New research into medical marijuana could persuade more U.S. physicians to recommend the drug, which could provide a boost […]

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Leafly plans to delist unlicensed marijuana businesses in Canada

Leafly, one of the biggest marijuana retail listing sites in North America, will allow only licensed cannabis companies in Canada to list on its platforms once adult-use MJ becomes legal next month. Canadian regulations permit only licensed retailers and delivery services to advertise on technology platforms, Leafly said in a news release. Beginning Oct. 17, […]

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Massachusetts credit union says it will serve recreational marijuana businesses

Recreational and medical marijuana businesses in Massachusetts can look forward to having access to banking services after a credit union announced it is willing to serve them. The GFA Federal Credit Union, a state-chartered institution with $500 million in assets, will begin accepting marijuana clients by Oct. 1, offering basic services that include cash management, […]

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State auditor calls Ohio’s marijuana cultivation application process sloppy

Ohio’s auditor said the state’s process for selecting medical marijuana grower applicants suffered from numerous errors and inconsistencies. Auditor David Yost said the Department of Commerce exceeded its legal authority when it awarded two additional licenses to cultivators and found weaknesses in how the agency protected passwords, system folders and summary scoring sheets. Yost, a Republican […]

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Anheuser-Busch scion launches Colorado marijuana company

Adolphus A. Busch V, great-great-grandson of the founder of the Anheuser-Busch brewing empire, has launched a marijuana company in Colorado, becoming the latest heir from a well-known family to enter the MJ business.
The ABV Cannabis Co. launched Wednesday with a line of disposable vaporizer pens filled with CO2-extracted cannabis oil derived from greenhouse-grown cannabis, according to a news release.

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FL cannabis lobbyist turned political candidate sees second bank account shut

A second bank has terminated the campaign account of Nikki Fried, a pro-medical marijuana Democrat who is running to become Florida’s agriculture commissioner. Fried said the bank, BB&T of Winston-Salem, North Carolina, took the step because of her support for MMJ. The move highlights the banking industry’s reluctance to work with marijuana businesses and even […]

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SEC sues cannabis investment fund, warns investors about MJ industry ‘scam artists’

The U.S. Securities and Exchange Commission charged a marijuana-focused investment fund with bilking investors out of more than $3 million and simultaneously warned the public about “scam artists” exploiting “hot” industries such as cannabis. In a lawsuit, the SEC accuses Texas-based Greenview Investment Partners and its founder, Michael Cone, of using misleading marketing materials and bogus promises of […]

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MA attorney general reverses ruling that allowed cities to ban medical cannabis firms

Medical marijuana businesses in Massachusetts may have one fewer headache after state Attorney General Maura Healey reversed an earlier decision that allowed municipalities to prohibit MMJ dispensaries. Here are the basics behind the situation: According to CommonWealth magazine, Massachusetts passed a medical marijuana law in 2012 that included a provision prohibiting cities and towns from banning MMJ […]

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BioTrackTHC system issues disrupt Illinois cannabis sales

Approximately one in five medical marijuana dispensaries in Illinois had to temporarily close Thursday because of a problem with the state’s seed-to-sale tracking system, which is a software developed by BioTrackTHC.

BioTrackTHC, based in Fort Lauderdale, Florida, reported 16 of roughly 80 dispensaries in Illinois were affected.

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Oregon group aims to return cannabis retailer’s charitable donation

An Oregon group is looking to return a $25,000 donation given to a youth water park project because it’s from a recreational marijuana business, underscoring the difficulties marijuana companies can face when it comes to charitable giving. Hotbox Farms, a marijuana retailer in Huntington, Oregon, made the donation to Friends of the Aquatic Center in […]

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Nova Scotia places first recreational cannabis order

The Nova Scotia agency that regulates recreational marijuana distribution in the province placed its first purchase orders last week. The Nova Scotia Liquor Corp. (NSLC), in preparation for the Oct. 17 launch date of Canada’s adult-use cannabis market, ordered 3.75 million grams (8,267 pounds) of cannabis from 14 Canadian licensed producers. NSLC expects to order […]

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MA regulators reject plan to review pacts between localities, marijuana firms

Massachusetts’ top marijuana regulator rejected a proposal that would have allowed the agency to review agreements between municipalities and MJ firms – an arrangement that critics charge violates state law and puts smaller operators at a disadvantage. Thursday’s vote by the five-member Cannabis Control Commission followed an earlier request by commissioner Shaleen Title, a critic of […]

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