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Billion-dollar fund manager plans MMJ investment trust

First Trust Portfolios, an Illinois-based fund manager that oversees more than $100 billion, has filed paperwork to establish an investment vehicle containing medical marijuana stocks. The move underscores how mainstream investment…

News May 31

Arkansas readies medical cannabis application process

The Arkansas Medical Marijuana Commission is close to finalizing the details governing new business license applications to cultivate and sell MMJ, including how the agency plans to score permit applicants. The application…

News May 31

Florida health department to write MMJ rules without lawmakers

Because Florida lawmakers in Tallahassee failed to reach an agreement on rules to govern the state’s medical cannabis industry, the state health department is going ahead without them. The Department…

News May 31
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Questions swirl over financial viability of Minnesota’s medical marijuana program

Is Minnesota's highly restrictive medical cannabis program viable in the long term? Or will it prove to be an extremely expensive but failed experiment?

News May 31

Ohioans buying Michigan medical cannabis before state’s sales start 

Ohioans wanting medical marijuana have been crossing the border into Michigan as they wait for MMJ sales to start in their state.

News May 30

Canada streamlines medical marijuana licensing process

Canadian regulators have implemented new rules intended to streamline the licensing process for medical marijuana producers, a move aimed at boosting the overall output of MMJ and the number of legal…

News May 30

Colorado panel to study industrial hemp use for animal feed

A Colorado task force will study the use of industrial hemp for animal feed as soon as this summer, thanks to a new state law aimed at broadening the plant’s…

News May 30
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Chart: Retail marijuana sales vs. other industries & goods

By Eli McVey With revenue of $4 billion-$4.5 billion, sales of legal recreational and medical marijuana in 2016 topped those of Viagra and Cialis, paid music streaming services, tequila and…

News May 30

Marijuana Business Daily to resume publishing Tuesday

Marijuana Business Daily is closed for Memorial Day and will resume publishing Tuesday with the next Chart of the Week.

News May 29
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