Briefs

Major Canadian bank expands focus on marijuana sector

After years of keeping the sector at arm’s length, some of Canada’s largest financial institutions are warming to the cannabis industry, including Bank of Montreal (BMO), which initiated research coverage Monday evening. The bank’s entry into the medical cannabis sector is a sign of the industry’s natural evolution.

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New Jersey health official lobbies docs to recommend medical marijuana

New Jersey’s health commissioner suggested the state’s 28,000 registered physicians should give medical marijuana more of a chance, a move apparently aimed at ensuring the state has enough physicians to accommodate a possible expansion of its MMJ program. Health Commissioner Shereef Elnahal “urged doctors to recommend vaping or to consume nonsmokable forms of cannabis”  in a […]

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Michigan extends medical marijuana license deadline by three months

Michigan extended the deadline for medical marijuana licenses by three months, until Sept. 15, providing relief to businesses that have been waiting to receive approvals under a new regulatory regime. The process of restructuring Michigan’s MMJ industry has been slow going. Concerns had been building that application reviews wouldn’t be finished by the original June […]

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Feds team with California officials to combat illegal cannabis grows

One of California’s U.S. attorneys is joining forces with the state attorney general in a renewed effort to crack down on illegal cannabis growers while allowing licensed marijuana companies to continue doing business as usual. McGregor Scott, the U.S. attorney for the eastern district of California, announced this week that his office will be bringing […]

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Possible Massachusetts recreational marijuana license delay shouldn’t slow sales launch

The Massachusetts Cannabis Control Commission is allowed by state law to start issuing recreational marijuana business licenses June 1, but the agency’s top regulator suggested the first permits probably won’t be issued until a couple of weeks after that. Such a delay is not expected to hold up the launch of Massachusetts’ recreational marijuana market, which is […]

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California marijuana vape pen maker to expand into Nevada

The interstate expansion race continues in the cannabis industry, with the latest participant being California-based Bloom Farms, a longtime vape pen and cartridge maker. The Oakland company has expanded into the Nevada market and is already selling product in nine different retail locations in Las Vegas, Reno, the Lake Tahoe area and Carson City, according […]

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California marijuana dispensary fined $40K for insufficient cancer warnings

The local district attorney’s office in Santa Rosa, California, fined an 11-year-old medical cannabis dispensary $40,000 for failing to adhere to state-required warnings about potentially cancer-causing substances, which include marijuana. The case is a reminder to California companies that failing to follow the most stringent letter of the law can prove costly, especially in the […]

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Cultivation applicants in Canada soar, but cannabis shortage looms

The number of applicants to cultivate cannabis in Canada rose 160% in the first quarter of 2018, as the industry ramps up for legalization late this summer. But the newest applicants aren’t expected to have product on store shelves until 2019 at the earliest because of the time required to get a sales license.

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