Florida Medical Cannabis Business & Marijuana Legal News

Washington DC medical marijuana firm raises $3 million in financing

Bart Schaneman  | September 22, 2017

Holistic Industries, a medical marijuana company based in Washington DC, has raised $3 million from a pair of investment firms with ties to Florida’s MMJ industry.

Franklin Street, which has principals in Florida and Georgia, partnered with Full Moon Investments, a private fund adviser, to finance the deal, according to a news release.

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Week in Review: Florida’s new MMJ rules, Weedmaps joins Boston Chamber & SC hemp applications

Bart Schaneman  | September 22, 2017

By Bart Schaneman, Omar Sacirbey and Kristen Nichols

Florida sets new regulations for medical marijuana business license applicants, cannabis tech company Weedmaps joins Boston’s Chamber of Commerce, and South Carolina’s hemp application deadline approaches.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Florida institutes new rules for medical cannabis licenses

Bart Schaneman  | September 21, 2017

Florida has already licensed 12 medical marijuana businesses, but the state health department has decided to adjust the regulations for additional businesses, seemingly a nod to the agency's previous missteps.

Five additional MMJ licenses are scheduled to be issued by Oct. 3, but those applicants will have faced a much different process than their predecessors, according …

Congressmen question DOJ’s decision to halt cannabis research

Bart Schaneman  | August 25, 2017

A group of congressmen from states with legal medical or recreational marijuana programs sent a letter to Attorney General Jeff Sessions challenging the Department of Justice’s move to stop researching cannabis.

According to the Denver Post, Reps. Jared Polis, D-Colorado; Matt Gaetz, R-Florida; Dana Rohrabacher, R-California; and Earl Blumenauer, D-Oregon, cited a …

Week in Review: Privateer’s big marijuana raise, Dixie’s edibles recall & a Roger Stone-spurred boycott

John Schroyer  | August 25, 2017

By Bart Schaneman and John Schroyer

Privateer Holdings raises $58 million for expansion of marijuana facilities, Dixie Elixirs recalls some edibles products, and Roger Stone’s role as a keynote speaker leads to boycotts of a cannabis conference.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Week in Review: Nevada marijuana promotions, MMJ banking in Florida & Sessions’ letters

Bart Schaneman  | August 11, 2017

By Bart Schaneman and Omar Sacirbey

A Nevada regulator threatens crackdowns on marijuana promotions, a bank in Florida is openly working with MMJ businesses, and U.S. Attorney General Jeff Sessions writes letters to governors of three recreational cannabis states.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Florida grants two more medical cannabis business licenses

Omar Sacirbey  | August 10, 2017

Florida has approved two more business licenses for medical marijuana treatment centers, increasing to 11 the number of companies authorized to grow, process and distribute MMJ.

The Florida Department of Health on Wednesday issued approval letters to the Sun Bulb Company in Arcadia and Treadwell Nursery in Eustis.

A week earlier, regulators issued

Florida bank welcomes medical marijuana businesses

John Schroyer  | August 7, 2017

A bank has taken the unusual step of embracing medical marijuana businesses in Florida.

Orlando-based First Green Bank has opened accounts and granted financial services to six of Florida’s seven licensed MMJ producers, according to The Palm Beach Post.

First Green Bank’s services include accepting large cash deposits from marijuana firms and …

Florida issues two more medical marijuana licenses 

Bart Schaneman  | August 3, 2017

Florida has licensed two more medical marijuana treatment centers.

Plants of Ruskin and 3 Boys Farm – both based in Ruskin, Florida, have received their letters of approval, a health department spokeswoman said.

The businesses won an administrative challenge in May when a judge ruled that the winning nursery in the region should have been ineligible due …