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What are the medical marijuana business hurdles in Minnesota?

Minnesota has one of the country’s most restrictive medical marijuana programs, and MMJ businesses in the state have experienced significant financial, management and legal issues. However, it isn’t necessarily all gloom and doom when it comes to the future of Minnesota’s MMJ businesses. Nic Easley, a national cannabis consultant and CEO of Denver-based 3C Consulting, […]

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Investment firm offers CA$1M seed money to Canadian marijuana entrepreneurs

A major investment company is putting 1 million Canadian dollars ($780,000) on the table for aspiring cannabis entrepreneurs in Canada. Canopy Rivers Corp.’s program is open to entrepreneurs looking to access Health Canada’s proposed new licenses for micro-cultivation, nurseries, industrial hemp, processing, analytical testing, retailers and other emerging segments. “This is a way to help […]

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Major Canadian supermarket chain Loblaw plans cannabis sales

One of Canada’s biggest supermarket operators plans to enter the business of selling recreational marijuana products pending legalization late this summer.

Loblaw, a leader in the country’s supermarket industry, said some of its locations in Newfoundland are among 23 selected as “qualified applicants” to become licensed cannabis retailers.

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Illegal exports of Canadian cannabis products top CA$1 billion in 2017

Over 1 billion Canadian dollars ($780 million) of cannabis products were shipped from Canada last year through unregulated channels, according to a preliminary estimate from the government’s statistics agency. The figure includes shipments approved by the regulatory body overseeing medical cannabis in Canada, “but they represent less than 1% of the total,” Conrad Barber-Dueck, chief of […]

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Medical cannabis firm AltMed lands $35.4 million to bolster US, international growth

Alternative Medical Enterprises, a multistate medical marijuana producer and dispensary operator, has secured $35.4 million in a private placement financing from a Pennsylvania-based investment group. The massive investment will allow the Sarasota, Florida-based firm to launch a major expansion in the United States and internationally, said Matthew Duffy, president and chief operating officer of the […]

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British Columbia under pressure to pass key cannabis legislation within days

British Columbia’s minority government will be under the gun to pass key cannabis legislation once it’s introduced in the province’s Legislative Assembly on Thursday. That’s because the legislature will have only 12 more days during the spring session before breaking for the summer – with about 20 other bills also under consideration. Thursday’s bill is […]

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Marijuana startup lands $17 million from Tiger Global, Snoop Dogg

Green Bits, a compliance software developer for the cannabis industry, has landed a $17 million investment led by New York-based Tiger Global. Tiger Global’s stake in Green Bits marks a big win for the growing startup. Tiger’s investment portfolio boasts a who’s-who of startups turned giants, including Facebook, Amazon and Netflix. It’s also a signal […]

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Week in Review: California-Canada union, New Jersey’s MMJ expansion & a GOP thumbs-up for hemp

A Canadian cannabis business buys three California MJ companies, New Jersey expands its medical marijuana program, and a key Republican goes to bat for industrial hemp. Here’s a closer look at some notable developments in the marijuana industry over the past week. Northern invasion The announcement that yet another Canadian company – Ontario-based CannaRoyalty Corp. […]

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