Texas Medical Cannabis Business & Marijuana Legal News

What is ‘marijuana’? Name game limits cannabis entrepreneurs

The old debate about what to call the plant cannabis sativa L. is giving businesses real-world headaches in both new and established marijuana markets. Consider: Iowa allows medical marijuana but calls it something else. Texas restricts medical marijuana so severely that doctors must break the law to use the state’s program. California officials are struggling […]

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Jimmy Buffett teams with Wrigley heir to license brand to Florida cannabis firm

Popular singer/songwriter Jimmy Buffett is joining a growing list of celebrities who dabble in the marijuana industry, teaming with an heir from the Wrigley chewing gum family. Buffett – known for his hit “Margaritaville” and his Parrothead fans – will license his Coral Reefer brand to Georgia-based Surterra Holdings for a line of marijuana products that […]

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Dallas marijuana investment firm starts $50 million fund

Dallas-based marijuana investment firm Cresco Capital Partners has launched a second fund and plans to raise $50 million to pump into cannabis companies. Cresco Managing Partner Matt Hawkins said the firm has raised $10 million to date, attracting investment dollars from wealthy family offices in Dallas, according to the Dallas Business Journal. The publication noted the […]

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Yet another Texas poll shows strong support for marijuana legalization

For years, poll after poll has found that Texas voters back marijuana reform, and a new poll shows the trend is continuing. According to a study conducted April 12-17 by Quinnipiac University, a solid 61% of Texans support “allowing adults to legally possess small amounts of marijuana for personal use.” That follows a poll from 2017, which […]

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CBD sales begin in Texas’ restrictive industry

Texas now has at least one registered CBD patient. According to a news release, Cansortium Texas – which does business as Knox Medical in the town of Schulenburg – made its first actual sale on Thursday to the family of a 6-year-old girl with intractable epilepsy. “The wait for medical cannabis is finally over,” Knox […]

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US cannabis firm MedMen to go public in Canada to ‘add jet fuel’ to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Canada later this year, CNBC reported. The company will list its shares on the Canadian Securities Exchange (CSE). The move into Canada […]

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Texas CBD program stalls as growers produce oils but have no patients

Texas’ long-awaited CBD program is underway. Sort of. The nation’s second-most populous state has a limited CBD program, three licensed growers and plants harvested. But Texas has no patients just yet, a signal that the state’s elaborate hurdles are blocking consumers from accessing marijuana-derived medicine even if it’s a cannabidiol product low in THC. “We […]

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NCIA board member departs early, rips group’s direction and handling of sexual misconduct accusations

When Denver marijuana pioneer Kayvan Khalatbari announced his resignation from the board of the National Cannabis Industry Association (NCIA) in December, he intended to continue serving in the role until spring. But Khalatbari abruptly stepped down on Monday, telling Marijuana Business Daily he did so because of mounting frustrations with the organization’s direction and leadership. He […]

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MassRoots board resigns; Dietrich reinstated as CEO

In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them.

“I am back at MassRoots,” an elated Dietrich told Marijuana Business Daily on Wednesday.

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Longtime Marijuana Policy Project chief Rob Kampia stepping down

The founder of Marijuana Policy Project, Rob Kampia, is bowing out as executive director of the organization. Kampia, who co-founded MPP in 1995, will become director of strategic development and will continue to serve on the boards of directors for both MPP and the MPP Foundation, according to a news release issued Tuesday. Matthew Schweich, who […]

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