Ohio Medical Cannabis Business & Marijuana Legal News

Week in Review: OR cannabis firms owe the tax man, Ohio nears MMJ sales & some MI cities ban rec marijuana businesses

Oregon cannabis businesses fall behind on tax obligations in a tight market, Ohio inches closer to launching its tardy medical marijuana program, and some Michigan cities are prohibiting adult-use MJ companies. Here’s a closer look at some notable developments in the marijuana industry this week. Oregon tax crunch Oregon marijuana businesses may owe the state […]

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Ohio now anticipates some medical cannabis sales in December

A starting point might finally be in sight for Ohio’s long-delayed medical marijuana market. A spokeswoman for the Ohio Department of Commerce said small amounts of cannabis likely will be available for sale before the end of the year. The agency’s Kerry Francis told The Columbus Dispatch that the state’s first harvested marijuana plants are expected […]

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Ohio’s medical marijuana program delayed by lack of operating testing labs

A dearth of open cannabis testing labs is delaying Ohio’s medical marijuana program beyond its previously expected November launch date. None of the state’s five licensed labs is testing cannabis for potency and purity yet, which is required by law before sales at dispensaries can begin, The Cincinnati Enquirer reported. Ohio approved medical marijuana in 2016, […]

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Election updates, analysis & highlights

Marijuana Business Daily reporters were on the ground across the United States on Election Day 2018, providing live coverage of the midterms and their significance to the cannabis market. Scroll down for updates our staff filed from the states voting on cannabis-related proposals, as well as potentially pivotal U.S. congressional and gubernatorial races. For analysis of […]

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US cannabis retailer Green Growth Brands inks CA$30.5 million raise

Ohio-based marijuana retailer Green Growth Brands raised 30.5 million Canadian dollars ($23.2 million) in a private placement ahead of the firm’s planned trading debut in Canada later this month. The raise follows a CA$85 million private placement inked in September and brings Green Growth’s total raises to more than CA$140 million. The firm plans to use the […]

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Upstart Ohio medical cannabis firm raises CA$85 million to expand footprint

A young cannabis company headquartered in Columbus, Ohio, raised 85 million Canadian dollars ($65 million) that it will use to expand its operations. Green Growth Brands – whose CEO, Peter Horvath, resigned a year ago from his executive post with Pittsburgh retail giant American Eagle Outfitters – closed the round in Toronto, where the company was […]

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First medical cannabis plants harvested in Ohio; sales still delayed

Some of Ohio’s medical marijuana growers are harvesting the state’s first legal marijuana, but sales are still a ways off for this potential $400 million market. According to the Cincinnati Enquirer, harvest is underway at Agri-Med Ohio in Meigs County, and Wellspring Fields in Ravenna has finished harvest. The state had hoped to have its MMJ […]

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Marijuana retailer Green Growth Brands gets CA$85 million from upsized raise

Ohio-based cannabis retailer Green Growth Brands has raised 85 million Canadian dollars ($65.6 million) in a private placement – capital the firm will use to go public in Canada and expand internationally. The raise exceeded the firm’s initial target of CA$55 million. Increased investor interest fueled the boost, the company said Tuesday. Green Growth is […]

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Ohio to strip license from medical cannabis grower

Ohio plans to revoke the license of a medical marijuana cultivator that has made little progress in building its facility in Toledo. The business, OhiGrow, which won a Level 2 small cultivator license, could appeal, according to Columbus Business First. “We found them to be generally nonresponsive,” Mark Hamlin, senior policy advisor at the Ohio Department […]

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State auditor calls Ohio’s marijuana cultivation application process sloppy

Ohio’s auditor said the state’s process for selecting medical marijuana grower applicants suffered from numerous errors and inconsistencies. Auditor David Yost said the Department of Commerce exceeded its legal authority when it awarded two additional licenses to cultivators and found weaknesses in how the agency protected passwords, system folders and summary scoring sheets. Yost, a Republican […]

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As expected, Ohio misses deadline for medical marijuana rollout

Ohio blew past Saturday’s deadline for rolling out its potential $400 million medical cannabis program, but many in the industry are confident better days are coming soon. It’s not uncommon for state marijuana programs to be delayed, sometimes for years, by legal, regulatory or logistical snags, said Tom Rosenberger, executive director of the National Cannabis […]

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Week in Review: Ohio’s odd ban on CBD sales, California acts on illicit firms & Nevada MJ market sizzles

Ohio bans CBD sales outside of marijuana stores – which aren’t even open yet – California regulators take legal action against two unlicensed MJ businesses, and the Nevada cannabis market tops half a billion dollars in sales during its first year.

Here’s a closer look at some notable developments in the cannabis industry this week.

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