Briefs

Briefs

MassRoots founder files documents to schedule new vote on board

MassRoots founder and former CEO Isaac Dietrich on Monday afternoon filed the necessary paperwork with the Securities and Exchange Commission to call for a new shareholder vote, an attempt to force his way back into the company and dethrone the other board members who had him removed last month. Dietrich said in an email to […]

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Saskatchewan could open up cannabis sales to entrepreneurs

Saskatchewan doesn’t want to be in the business of owning retail marijuana outlets, according to its justice minister, suggesting more opportunities could be in store for entrepreneurs in the province. Justice Minister Don Morgan said Saskatchewan is leaning toward a private sales model, CBC News reported. Saskatchewan’s impending recreational marijuana industry could generate 250 million […]

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Oakland sorting through 255 marijuana business applications

Marijuana regulators in Oakland, California, have received 255 business license applications for cannabis cultivation, sales, distribution and transportation, another indicator of the huge interest the Golden State’s impending market is generating. California’s new regulated market goes online Jan. 1 in the cities and counties that allow it. Oakland has long been a proponent of regulated […]

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Marijuana Business Daily’s annual cannabis industry survey underway

Marijuana Business Daily has launched its annual survey of executives and major investors in the cannabis space, which will help the company provide key market, financial and operational data for businesses and entrepreneurs. Executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis […]

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Newfoundland considers handing cannabis sales to private sector

Newfoundland and Labrador might allow privately owned stores to sell recreational marijuana, a move that would open up significant retail opportunities for entrepreneurs in the province. If the plan is approved, Newfoundland would become the first province east of Manitoba to give entrepreneurs a piece of the retail marijuana market. The Newfoundland and Labrador Liquor […]

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Malta seeks to expand medical marijuana program

Malta’s government has proposed allowing all doctors in the country to prescribe medical marijuana. The government published draft legislation Monday that would loosen an existing regulation with so many restrictions that not a single Maltese has been treated legally with marijuana or a cannabis-based product. The new law would allow any general practitioner to prescribe […]

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Aurora launching hostile takeover for rival CanniMed

Aurora Cannabis said Monday it is proceeding with a hostile takeover attempt for CanniMed Therapeutics this week after the rival medical marijuana producer rebuffed its initial friendly bid for 544 million Canadian dollars ($425 million) in stock. The hostile bid represents a new development in Canada’s emerging marijuana industry ahead of next year’s planned legalization […]

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Cannabis online platform raises $10 million

LeafLink, an online inventory and ordering platform for marijuana businesses, has raised $10 million in Series A funding. The round was led by Nosara Capital, a London-based venture capital firm, according to a LeafLink news release. Nosara was joined by previous LeafLink investors from both inside and outside the cannabis space, such as Lerer Hippeau Ventures, […]

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Multistate marijuana testing firm expanding into Oregon

Steep Hill, one of the largest U.S. cannabis testing labs, is expanding into Oregon – a move that will give the company a presence in eight states. The California-based company has licensed its brand and testing technology to a local Oregon partner, Dr. Carl Balog, an anesthesiologist who already owns a medical toxicology lab, according […]

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Aurora to raise additional CA$100M for domestic, global growth

Aurora Cannabis has arranged a private placement of its securities to raise another 100 million Canadian dollars ($80 million), giving the Alberta producer a cash cushion totaling more than CA$340 million. The deal comes just two days after Aurora offered to acquire rival producer CanniMed Therapeutics for CA$544 million ($425 million) in stock. It’s unclear […]

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Oregon cannabis firm is shuttered for interstate transport

Oregon’s cannabis regulator has suspended the license of an extraction company after its owner was caught with a van full of marijuana products in Nebraska. The Oregon Liquor Control Commission worked in conjunction with law enforcement to investigate and shutter Portland-based Rich Extracts for transporting cannabis across state lines. The Oregonian reported the commission revoked […]

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Kentucky task force will study medical marijuana legalization

Kentucky activists – including at least two elected officials – are part of a task force charged with studying  legalization of medical marijuana. The group – formed and led by Secretary of State Alison Lundergan Grimes – will be empowered to propose the implementation and regulation of medical cannabis, according to TV station WSAZ. Here’s what […]

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