Florida Medical Cannabis Business & Marijuana Legal News

BioTrackTHC gets North Dakota’s medical marijuana tracking contract

BioTrackTHC has been awarded the contract to provide North Dakota with a seed-to-sale medical marijuana traceability program. Jeff Gonring, BioTrackTHC’s communications director, told Marijuana Business Daily the company will be paid $589,000 over five years on a tag-based model. He said the Florida-based company doesn’t yet know how much the tags will sell for. According […]

Read More

Job growth in marijuana industry is skyrocketing

The total number of job postings for the U.S. cannabis industry increased by 445% in 2017, a study by job search website ZipRecruiter shows. The online job platform noted the spike is dramatically higher than the 18% increase in cannabis-related job postings in 2016, according to Business Insider. ZipRecruiter’s chief economist, Cathy Barrera, said the […]

Read More

Ontario marijuana cultivator sells shares of Arizona grower for CA$20 million

Hoping to keep the Toronto Stock Exchange at bay, a federally licensed cannabis grower in Ontario announced Friday it is selling its shares in an Arizona cannabis company for 20 million Canadian dollars ($16.15 million). Ontario-based Aphria said it would sell its shares in Copperstate Farms, a medical marijuana grower in Snowflake, Arizona, to Liberty […]

Read More

Canadian-listed marijuana company buys Florida MMJ license holder for $48M

A New York-based marijuana investment company used cash and its Canadian-listed shares to fund a $48 million acquisition of a licensed medical marijuana business in Florida. iAnthus Capital Holdings, an investor in U.S. marijuana businesses, bought Florida’s GrowHealthy Holdings for $30.5 million in stock and $17.5 million in cash. GrowHealthy and its affiliate, McCrory’s Sunny Hill […]

Read More

Colorado marijuana edibles maker Wana Brands expands into Arizona

As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona.

According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state.

Wana Brands’ products will be manufactured and distributed through an agreement with AltMed Arizona.

Read More

Florida recreational marijuana legalization groups say they won’t make 2018 ballot

It looks as if Florida’s bid to legalize recreational cannabis will have to wait until at least 2020. Two separate campaigns trying to gather the requisite 766,000 voter signatures to place initiatives on the November 2018 ballot told the Naples Daily News that they won’t make the threshold. And that means there almost certainly won’t be […]

Read More

Court ruling puts black farmer closer to Florida medical cannabis license

A Florida judge has issued an injunction blocking the state’s health department from awarding a medical marijuana cultivation license that had been earmarked for members of a black farmers association. Circuit Judge Charles Dodson’s injunction essentially agrees with a lawsuit filed last September, the Panama City News Herald reported. The state’s attorney in the case […]

Read More

Florida bank that welcomed medical marijuana firms now closing accounts

Orlando-based First Green Bank – which earlier this year opened accounts for six of Florida’s seven medical marijuana producers and openly agreed to provide them with financial services – said it is shuttering the accounts. The Miami Herald reported the move reflects a pending acquisition of First Green Bank by a bigger financial institution that […]

Read More

Week in Review: Marijuana fund raises, more Maryland dispensaries & Alaska edibles maker shut down

Two ancillary marijuana companies announce huge fund raises, Maryland approves 12 more medical cannabis dispensaries, and Alaska regulators shut down an edibles company. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of the times? Significant capital raises by a pair of cannabis-focused technology companies portend what […]

Read More

Cannabis software company raises $3.2 million

A Florida-based company whose software helps marijuana retailers implement customer relationship and loyalty strategies has raised $3.2 million. Boca Raton-based Springbig has now raised a total of $6.3 million, according to a company news release. The company’s latest funding round was led by Green Acre Capital and Halley Venture Partners, according to Springbig, and members […]

Read More

Medical cannabis firm sues Florida over licensing delays

A lawsuit has been filed in Florida alleging state officials are “unconstitutionally dragging their feet” on issuing more medical marijuana business permits for the highly competitive program. A nursery that lost out in an early round of MMJ license applications and an epilepsy patient filed the suit in Miami-Dade County, arguing that the state health department […]

Read More

Florida’s medical marijuana program enlists help for patient ID card production

In an effort to get medical marijuana into consumer hands quicker, Florida’s health department has awarded a third-party contract to produce the state’s MMJ identification cards. State regulators have fallen behind because of a flood of MMJ registrations over the past eight months. The $7.9 million contract went to Jacksonville-based Veritec Solutions, a subsidiary of […]

Read More