More than 20 congressional lawmakers sent a bipartisan letter to U.S. Attorney General William Barr, requesting that the Drug Enforcement Administration allow federally-licensed researchers to buy products from state-legal dispensaries to study the medical benefits and risks of cannabis.
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California marijuana tax hike puts future of legal market in spotlight amid worries over state industry’s viability
Flurries of meetings and negotiations have occurred behind the scenes in Sacramento since California announced a cannabis tax increase last month. The stakes surrounding these discussions – all aimed at lowering the marijuana industry’s tax burden – are nothing less than the survival of the state’s legal marijuana market, according to some industry watchers. Representatives from multiple […]
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Recreational marijuana
Maine cleared a major hurdle on its path to legalize the sale of adult-use cannabis by launching the application process for businesses seeking to sell recreational MJ.
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Marijuana has its ‘fingers in everything’: Q&A with cannabis investor and ‘Big Short’ subject Danny Moses
Danny Moses is an adviser at New York-based cannabis investment group Merida Capital Partners and founder of Moses Ventures, a marijuana-focused investment fund in Connecticut.
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Week in Review: Michigan begins adult-use cannabis sales, Harborside appeals tax case, Brazil sets stage for big import market & more
Michigan launches its recreational marijuana industry, California-based Harborside appeals a closely watched federal tax case, Brazil lays the groundwork for what could become one of the world’s largest medical MJ import markets – and more of the week’s top cannabis news. MI adult-use sales begin with limited number of stores open Michigan’s first day of […]
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marijuana social equity
Some African-American aldermen in Chicago are concerned that the legalization of recreational marijuana in Illinois on Jan. 1 will give white retail store owners an advantage.
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New Colorado law boon for cannabis capital, but concerns remain for minority businesses
Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state’s cannabis industry. Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses. For example: Denver-based Medicine Man Technologies through the year announced an almost […]
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Is cannabis technology company MassRoots out of business? CEO insists no
Denver-based cannabis technology company MassRoots’ website has been offline for a number of days, raising fresh questions about the financial health of a company that has been in turmoil since at least 2017. Isaac Dietrich, the company’s founder and chief executive officer, maintained in an email to Marijuana Business Daily that the cannabis social networking pioneer […]
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Medical marijuana
Jushi Holdings, a Florida-based marijuana and hemp operator, said it received approval to begin trading on the Canadian Securities Exchange (CSE) as JUSH.
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MJBizDaily Awards Hall of Fame inductees: cannabis business pioneers Steve DeAngelo and Wanda James
Marijuana Business Daily has selected cannabis industry pioneers Steve DeAngelo and Wanda James as the inaugural inductees into the MJBizDaily Awards Hall of Fame, which will be showcased next week during MJBizCon in Las Vegas. They are being recognized as social justice warriors and savvy entrepreneurs who have broken down barriers in ways that have helped other […]
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Uptick in California lab-tested marijuana products met with both hope and skepticism from industry
The number of legal cannabis product batches undergoing lab testing in California each month has rebounded since a lull over the spring and summer and, as of late November, was on pace to grow even more before the end of the year. But the increase in legal product making its way through the supply chain met […]
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Medical cannabis licensing
Minnesota is expanding the state’s medical cannabis program to include chronic pain, a move that is expected to substantially boost sales since the condition is typically the leading driver for MMJ recommendations.
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