A San Diego-based real estate company that caters to medical cannabis cultivators has filed paperwork with the Securities and Exchange Commission disclosing plans to raise $100 million. If successful, Innovative Industrial Properties’ raise would be one of the larger funding efforts for a U.S. cannabis business. The company – which began listing as IIPR on the New […]Read More
A medical marijuana company that failed to win a Pennsylvania cultivation license has dropped a lawsuit against the state’s health department demanding the agency revoke a license awarded to another grower. Scranton-based BrightStar Biomedics charged in a lawsuit filed last month that Pennsylvania Medical Solutions didn’t disclose on its application that it was under criminal […]Read More
A decision by Target Corp. to start selling CBD supplements last week had the hemp industry cheering – until the Minneapolis-based retail giant yanked the products. Target’s decision to stop selling CW Hemp supplements and oils followed a news release from the manufacturer, CW Hemp, saying the whole CBD industry “has officially gone mainstream.” Within […]Read More
An unusual attempt by Iowa to work with another state to transport medical marijuana oil across state lines is on hold amid legal concerns it could invite scrutiny from the federal government. Iowa’s MMJ law, updated this year, mandates that the state license two cannabis oil producers and five dispensaries in the state by the end of […]Read More
By John Schroyer
Only 26 states in the United States – along with Washington DC – allow independent campaigns to place ballot measures before the general public. Which means the only way to change state laws in almost half the country is through the legislature.
For cannabis advocates, that means pinning legalization hopes on lawmakers, not voters.Read More
At least one Native American tribe – on the White Earth reservation in northwestern Minnesota – has decided to take a leap and get into the hemp business. The tribe has spent $100,000 on just a few acres of the crop, according to Minnesota Public Radio, but is hoping the return on its investment will […]Read More
Minnesotans who suffer from post-traumatic stress disorder are now permitted to start buying medical marijuana from the state’s dispensaries, potentially providing a boost to the state’s sluggish MMJ program. Minnesota approved PTSD as a new qualifying condition late in 2016, but patients weren’t permitted to obtain medical cannabis to treat the illness until Aug. 1. […]Read More
A Minnesota judge has given the green light for an interstate marijuana smuggling case to move forward. Judge Kathleen Mottl denied legal motions filed on behalf of two former employees of Vireo Health – a multistate medical marijuana producer – seeking the dismissal of criminal charges in the illegal cannabis transportation case, The Journal News of New […]Read More
By Omar Sacirbey
Vireo Health, a multistate medical marijuana business, has aggressive expansion plans. But the Minnesota company’s goals could be undermined by two former executives whom prosecutors allege moved cannabis across state lines, a violation of federal law.
There has already been fallout, and industry observers say there’s potential for more.Read More
By John Schroyer
Is Minnesota’s highly restrictive medical cannabis program viable in the long term? Or will it prove to be an extremely expensive but failed experiment?
Both questions are being raised after a recent report revealed that the state’s two MMJ producers lost a combined $11 million in less than two years of sales.Read More
By Bart Schaneman, Omar Sacirbey and John Schroyer Washington state signs off on an organic marijuana certification program, Philadelphia’s mayor says state-run liquor stores should handle recreational sales, and Minnesota’s two medical cannabis businesses bleed red ink. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
Minnesota’s two licensed medical marijuana manufacturers have lost a combined $11 million in just two years of sales, according to financial documents obtained by The Associated Press, continuing losses that hint at systemic problems with the state’s tightly regulated program despite a recent expansion that allowed thousands more patients to buy the medication. Minnesota Medical Solutions posted […]Read More
- January 17, 2018January 17, 2018
- January 16, 2018January 15, 2018January 15, 2018
- January 15, 2018January 12, 2018January 12, 2018January 11, 2018
Read the Issue