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The cannabis CEO behind a $2.1 billion sale bets again, but smaller
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Wisconsin hemp law advances to governor’s desk
A bill authorizing hemp cultivation in Wisconsin awaits the signature of Republican Gov. Scott Walker after both chambers of the state legislature unanimously approved the measure. But Walker isn’t saying…
News November 10
Report: International cannabis market will surpass $31 billion
The international legal marijuana market will reach $31.4 billion by 2021, according to a study by the Brightfield Group, a cannabis market research firm. It’s the second major international cannabis report…
News November 10
No beginning in sight for Maine’s recreational marijuana program
Marijuana businesses hoping to serve Maine’s recreational cannabis market will probably have to wait until 2019 and possibly longer depending on how the state’s gubernatorial race shakes out next year.…
News November 9
Oregon congressman starts pro-marijuana PAC
There’s a new political action committee dedicated to defeating members of Congress who cast votes against marijuana, a development that could aid MJ businesses through the passage of pro-cannabis legislation.…
News November 9
Maryland medical cannabis commission looking for new chief
The executive director of Maryland’s medical marijuana commission is stepping down for undisclosed reasons. Patrick Jameson, who had been at the helm of the commission since April 2016, is resigning effective Nov.…
News November 9
Cronos Group raises CA$17 million to fund R&D, boost marijuana production
Cronos Group has closed a stock deal that raised 17.2 million Canadian dollars ($13.5 million) to fund research and development, expand Canadian cannabis production capacity and develop distribution infrastructure.
News November 9
Massachusetts cannabis commission asking for $7.5 million budget
The Massachusetts Cannabis Control Commission expects to eventually pay for the state’s MMJ program through licensing and taxes, but it needs $7.5 million from the state to help fund the current fiscal year.…
News November 9
Medical marijuana website awarded federal trademark
Budtrader.com, an ancillary medical cannabis industry website that acts as an advertising platform for marijuana businesses, has won a federal trademark from the U.S. Patent and Trademark Office. The victory could…
News November 9
Failed deal, red ink, dwindling sales put MassRoots on the ropes
At one point, MassRoots was flying high, raising millions of dollars from investors and attempting to become the first cannabis company listed on the Nasdaq. Over the course of 2017,…
News November 9
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