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Why cannabis banking reform alone won’t solve payment processing woes
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Union: New Jersey Dispensary Engaging in Unfair Labor Practices
A New Jersey union has filed a grievance alleging unfair labor practices against a dispensary in the state, saying the business won’t allow its workers to unionize. The United Food…
News January 22Medical Marijuana Inc. Acquiring Startup Valued at Up to $243M
Medical Marijuana Inc. announced Thursday that it has signed an agreement to acquire Kannaway, a startup hemp products company that was recently valued at up to $243 million by a…
News January 22
Growing Number of Banks & Credit Unions Catering to Cannabis Industry, But Challenges Remain
The lack of access to traditional banking services is a constant concern in the cannabis world, but the narrative is finally starting to change.
News January 22
MMJ On the Way in Jamaica?
First, the estate of legendary Jamaican musician Bob Marley moved into the cannabis industry. Now, it looks like Jamaica itself could eventually set up a legal medical marijuana market. The…
News January 21MBank Begins Serving Colorado Marijuana Companies
MBank, an Oregon-based financial institution, has started taking deposits from marijuana companies in Colorado. The bank, which already works with cannabis businesses in Washington and dispensaries in Oregon, said it…
News January 21San Diego Approves Fees for MMJ Dispensaries
As part of its ongoing quest to license and regulate medical marijuana businesses, the San Diego City Council on Tuesday backed new rules that levy a minimum annual fee of…
News January 21
Tribal Marijuana Businesses May Hurt Existing Cannabis Companies, Help Others
By Tony C. Dreibus The possibility that Native American tribes will grow and sell marijuana has some entrepreneurs concerned and others cheering. The Department of Justice said in a December…
News January 21
Arizona MMJ Sales Triple to Hit $112M
Medical marijuana is booming in Arizona. Dispensaries in the state recorded $112 million in medical cannabis sales last year, nearly triple the total in 2013, according to the Arizona Department…
News January 20Commercial Interests Dominate Florida’s MMJ Committee
The Florida committee tasked with creating regulations governing the state’s CBD industry is heavy with commercial interests, but proponents are touting the members’ experience. The 12-member panel – which will…
News January 20
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