United States

Canadian marijuana grower Village Farms approved for Nasdaq listing

Village Farms International, a Canadian greenhouse grower with a 50% stake in British Columbia-based cannabis firm Pure Sunfarms Corp., has graduated to the Nasdaq exchange. The company says it will leave the over-the-counter markets – where it trades as VFFIF – and list on the Nasdaq Capital Market as VFF. A date for the listing […]

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Missouri gets 400-plus applications for medical cannabis business permits

Business interest in Missouri’s medical marijuana program remains strong, with the state receiving more than 400 applications for retail, cultivation and processor licenses. The state reported that 418 business application forms have been filed, generating more than $3 million in “pre-license” fees for the state. The state started taking the forms last month. The breakdown in […]

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Report: US-based multistate marijuana operators poised to deploy big money in 2019

U.S.-based cannabis multistate operators (MSOs) – both public and private – have hit the ground running in 2019 as they race to gain market share and establish a dominant brand. In 2018, a record number of U.S. cannabis firms turned to the Canadian Securities Exchange to fund their aggressive expansion plans, many of which are […]

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First medical cannabis crop in Louisiana passes lab tests

The initial crop of legal medical marijuana in Louisiana has made it through the first round of laboratory testing, clearing an important checkpoint to legal sales. The cannabis grown by GB Sciences passed each laboratory inspection conducted by the Department of Agriculture and Forestry, Baton Rouge TV station WAFB reported. The medical marijuana was tested for potency, […]

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Alaska marijuana business owners to gain access to financial services

A nonprofit credit union in Alaska, Anchorage-based Credit Union 1, is set to begin offering financial services to cannabis companies in the state in March, which will allow those businesses an avenue to reduce their reliance on cash. It is the first time marijuana companies in the state have had access to this kind of banking option, according […]

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Medical cannabis sales in Maine drop for second year in a row

Medical marijuana sales declined in Maine for the second straight year, a decrease that some dispensary owners blame on unfair competition both from the black market and patients growing their own product. According to the Portland Press Herald, tax data shows the state’s eight licensed dispensaries brought in $23.5 million in sales in 2018, down […]

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Congress urged to allow legal marijuana businesses access to bank services

Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the state-legal marijuana industry, a change supporters say would reduce the risk of crime and resolve a litany of challenges for cannabis companies, from paying taxes to getting a loan. California Treasurer Fiona Ma, whose state […]

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Senate confirms William Barr as U.S. attorney general

The U.S. Senate voted 54-45 on Thursday to confirm President Donald Trump’s nominee for attorney general, William Barr, installing a Justice Department veteran as the nation’s top law enforcement official. During his confirmation hearings, Barr – who previously served as attorney general from 1991-1993 and was known for his tough approach to drug offenders – […]

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Marijuana Business Daily appoints new editor in chief

Marijuana Business Daily has appointed Howard Burns, a longtime top editor in business-to-business journalism, as its editor in chief. The position is new for the company. Burns will oversee the entire editorial operation, including the MJBizDaily website as well as MJBizDaily International, Hemp Industry Daily, Marijuana Business Magazine and the company’s annual Marijuana Business Factbook and industry reports. He reports […]

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Effort in Arkansas to add nearly 40 medical marijuana conditions falls short

An Arkansas legislative committee shelved an effort to more than triple the conditions that would qualify patients to use medical cannabis, a move that likely would have resulted in a more robust market. The proposal to expand the conditions list from 18 to 57 did not receive a motion to advance out of the House Rules Committee […]

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Largest health-care provider in Utah greenlights medical cannabis recommendations

Utah’s biggest health-care provider – Intermountain Healthcare – told its physicians they’re allowed to write medical marijuana recommendations for patients, which could boost the number of potential customers for the state’s upcoming MMJ industry. According to The Salt Lake Tribune, the organization’s chief physician executive sent a memo to its network of roughly 1,500 doctors, […]

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