Marijuana Cultivation

Minnesota MMJ Companies Raise $30M

The two companies selected to grow and dispense medical cannabis in Minnesota have raised a combined $30 million in investments – an unprecedented amount for startups in a new MMJ market. Earlier this week, Minnesota Medical Solutions (also known as MinnMed) announced that it has secured $16.6 million in capital ahead of its opening. Most of […]

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Week in Review: Oregon Rec Preview, Florida MMJ Fail + California Dispensary Lawsuit

By John Schroyer and Tony C. Dreibus Oregon officials offer a glimpse of potential business activity in the state’s recreational cannabis industry, Florida fails to pass medical marijuana reforms once again, and a prominent California dispensary owner faces a lawsuit that seeks to shutter her business. Here’s a closer look at several notable developments in […]

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Oregon Catering to Cash-Carrying Cannabis Businesses

The agency in charge of overseeing Oregon’s recreational marijuana industry is planning to add a dedicated window specifically for cannabis companies to pay their sales taxes as part of a broader move to bolster security. About 30% of existing medical marijuana businesses in the state pay their tax bills with cash thanks to a lack […]

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Bill Would Prevent Feds From Targeting Compliant MJ Companies

Cannabis business owners harassed by federal prosecutors despite operating legally in their respective states would finally get some relief under a bipartisan bill introduced in the House on Wednesday. The bill – introduced by Rep. Dana Rohrabacher, a Republican from California – would amend the Controlled Substances Act to make an exception to federal law […]

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Confusion over pesticide rules presents conundrum for Colorado cannabis growers

By John Schroyer In March and early April, Denver officials ordered nine local cultivation companies to essentially quarantine tens of thousands of marijuana plants over fears of possible pesticide contamination. The state Department of Agriculture was even brought in to conduct tests on the plants to ensure they didn’t pose a danger to consumers. The […]

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Ohio Group Claims Sabotage in Legalization Efforts

An Ohio organization pushing for medical marijuana legalization in the state says a stronger, more well-funded group sabotaged its efforts to get a bill on the November ballot. The Ohio Rights Group (ORG) claims that ResponsibleOhio members Ian James and David Bruno promised to help ORG but instead took consulting fees from the group to […]

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California Industry Association Head Faces Suit to Close Dispensary

A dispensary run by the president of the California Cannabis Industry Association has come under fire from local officials who want to shut down the operation, underscoring the difficulty of doing business in unregulated states. Lakisha Jenkins, who also sits on the board of the National Cannabis Industry Association, told Marijuana Business Daily she received […]

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60% Plunge in Washington Recreational MJ Prices

Washington State cultivators must be hurting. The average price of a gram of retail cannabis has plummeted since recreational shops opened last July, from an average of $30 to $12 a gram now, according to The Seattle Times. That’s an eye-popping 60% decrease. Prices have been on the downswing for months, as an over-abundance of product […]

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Bill Rolling Washington MMJ Into Recreational Program Advances

Washington State Gov. Jay Inslee will likely sign a bill passed by the Legislature that would roll the state’s unregulated medical marijuana market into its heavily regulated recreational cannabis program. The bill would require dispensaries and MMJ cultivators to obtain licenses through a new agency called the Washington State Liquor and Cannabis Board, which would […]

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Millions More Devoted to New York MMJ Industry

Even though New York hasn’t even begun issuing business licenses yet for medical marijuana companies, a plan is already underway for a $10 million cultivation operation in a farming community between the Big Apple and Albany. A company called Valley Agriceuticals, comprised of several health care and cannabis industry insiders, is trying to position itself […]

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Illinois Gov Won’t Extend MMJ Pilot Program Yet

In response to attempts by lawmakers to extend the timeline for the state’s medical cannabis pilot program, Gov. Bruce Rauner made it clear on Monday that he isn’t going to sign an extension. “The governor believes there is a lot of time left to evaluate a pilot program, and we should not extend the program […]

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