California Medical Cannabis Business & Marijuana Legal News

Canada’s CannaRoyalty continues California cannabis investment spree

CannaRoyalty signed a multimillion-dollar deal to acquire FloralCal Farms, a move that expands the Ontario-based firm’s California portfolio. Highlights of the transaction include: Total purchase price of Sonoma County-based FloralCal includes 1.3 million Canadian dollars ($1 million) in cash and 3.5 million shares of CannaRoyalty. CannaRoyalty will provide an additional CA$3.8 million in cash and 3.5 million […]

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High Times Cannabis Cup denied license by California city

In a move that highlights the power of local governments over the California marijuana industry, the San Bernardino City Council shot down the planned 4/20-centric High Times Cannabis Cup by refusing to license this weekend’s event. The council vote, held less than two days before the biggest cannabis holiday of the year, April 20, has thrown the […]

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Marijuana companies face new regulations, oversight tied to water use

With summer looming, marijuana growers from California to Massachusetts will confront untried regulations and potentially greater enforcement of water-related rules. The development is likely to spread as more states legalize cannabis, presenting MJ growers with additional regulatory oversight and costs. State and local water officials in California – where regulators and growers are trying a […]

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Cannabis firm MedMen outlines plans to go public in Canada

It’s no secret that Los Angeles-based MedMen has plans to go public in Canada. But this week, the multistate marijuana company fully outlined how it expects to achieve that goal: a reverse takeover. MedMen has signed a letter of intent with Toronto-based OutdoorPartner Media Corp. to combine the two firms’ business operations under the MedMen […]

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While Weedmaps battles state, its executives seek cannabis distribution license in California

Two of the masterminds behind Weedmaps – perhaps the most successful online advertising platform for cannabis businesses – are working to set up a new company that would be directly involved in California’s marijuana supply chain. The venture recently moved a step closer to fruition when the proposed business received conditional approval for a distribution […]

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Cannex buys US marijuana firm Jetty Extracts for up to $30 million

Vancouver, Canada-based Cannex agreed to purchase California infused products company Jetty Extracts in a deal worth up to $30 million, becoming the latest marijuana-related acquisition in the United States with such a price tag. In late March, Las Vegas-based GB Sciences signed a letter of intent to purchase NevadaPure’s Las Vegas operation for $33 million. NevadaPure […]

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California reminds marijuana firms temporary licenses set to expire

California cannabis regulators are alerting marijuana companies that temporary business permits that took effect at the start of the year will begin expiring at the end of April. Regulators issued the temporary permits during the state’s transition into a new marijuana regulatory system. The permits took effect beginning New Year’s Day and were valid for […]

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Banking giant: Cannabis retailer’s logo is too similar

New York-based Citigroup is asking a California marijuana dispensary to get rid of a logo that it asserts looks like the logo of its banking subsidiary Citibank. According to the New York Post, Citigroup made the request after the newspaper asked if the firm was affiliated with Citidank, a dispensary in Cathedral City, California. This is not […]

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Chart: Breakdown of California marijuana companies that got cease-and-desist letters

Nearly 1,000 individual cannabis businesses have been sent cease-and-desist letters or emails by California regulators during an ongoing enforcement process, a first step in a long effort to ensure the state’s industry is fully regulated and operating like those in more mature markets. According to a list obtained by Marijuana Business Daily, as of April 4, […]

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Marijuana infused products firm lands $6 million in funding

A California-based cannabis infused products manufacturer on Monday closed a roughly $6 million Series B capital raise in the latest sign of rapid growth in that sector of the marijuana industry. Plus Products, headquartered in Palo Alto, announced in a news release it intends to invest the money in automation, product development and expansion of […]

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California testing labs expect marijuana ‘bottleneck’ in July

Marijuana testing labs are going to be the gatekeepers for California’s legal cannabis industry come July 1, when only lab-tested products may be sold by licensed retailers. And that means this summer could become a pain for any licensed cannabis company in the Golden State since most labs are predicting a shortage of testing services, […]

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