Scores of California marijuana companies that received cease-and-desist letters during a crackdown on potentially illegal operations have yanked online advertising or started the licensing process, according to state regulators. The Bureau of Cannabis Control (BCC) began sending out the enforcement letters in February to retailers that were breaking the law by serving customers without being properly […]Read More
The chief executive of one of Minnesota’s two medical marijuana manufacturers has left the company after years of financial losses.
Andrew Bachman, LeafLine Labs’ co-founder and its chief executive since 2016, is no longer with the company “in any official capacity,” the company said Thursday in a statement to the Associated Press.Read More
Medical marijuana businesses would be permitted to sell MMJ to treat more diseases and disorders under two bills that are steps from final passage. Doctors could recommend medical cannabis for five conditions contained in House Bill 579, which Senators approved 25-9 on Wednesday: Glaucoma Severe muscle spasms Intractable pain Post-traumatic stress disorder Parkinson’s disease The Senate […]Read More
The number of people authorized to access recreational marijuana in Uruguay is closing in on 35,000, according to a report by the Institute of Regulation and Control of Cannabis. However, the Uruguayan regulatory agency’s study notes that the number of people accessing marijuana through regulated channels is much higher due to the “sharing” of products […]Read More
The number of retail cannabis shops in Fairbanks, Alaska, has been set at 25. After the City Council deadlocked 3-3 on whether to allow 15 or 25 stores, Fairbanks Mayor Jim Matherly was called in to break the tie, the Daily News-Miner reported. He voted to set the limit at 25, opting to give all entrepreneurs who […]Read More
The former chair of Canada’s federal task force on cannabis legalization is calling on senators to avoid “undue partisan activity” as the bill faces the potential of a delay over contentious amendments that are under consideration. The Senate has every right to consider the Cannabis Act rigorously, Anne McLellan told Marijuana Business Daily. “But I’m hoping that partisanship […]Read More
Marijuana companies are fleeing Los Angeles, a setback for what is arguably the biggest cannabis market in the world. Industry executives blame city officials and their inability to approve business licenses in a timely manner. Just ask Kenny Morrison. A decade after founding his cannabis edibles business and finding success in the iconic Venice Beach area of […]Read More
One of Canada’s biggest supermarket operators plans to enter the business of selling recreational marijuana products pending legalization late this summer.
Loblaw, a leader in the country’s supermarket industry, said some of its locations in Newfoundland are among 23 selected as “qualified applicants” to become licensed cannabis retailers.Read More
Multistate marijuana company MedMen is switching up its business partner in its effort to take the firm public in Canada. The California-based firm signed a letter of intent with Vancouver, British Columbia-based Ladera Ventures that will allow a reverse takeover of the firm. The deal charts a path for MedMen to go public in Canada […]Read More
Two Oakland, California-based marijuana firms have their sights set on expansion after closing on Series A funding rounds that together totaled $11 million. Marijuana manufacturer Sublime Canna closed on a $6.2 million financing round – capital that will be used for new equipment, new staff and to expand its product offerings. The company is planning […]Read More
The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the marijuana and hemp industries – not just plant-touching companies. The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or […]Read More
Cannabis businesses in British Columbia can leverage decades of market experience in cultivation, retail and research and development to maintain their dominant position in Canada’s marijuana industry when recreational use becomes legal later this year.
The province’s multibillion-dollar gray market includes hundreds of dispensaries and at least 4,000 licensed personal growers.
But how much of that will shift to the regulated market when it rolls out?Read More
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