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Large bank working with company aiming to tap Florida MMJ market

One of the biggest financial institutions in the Tampa Bay area has extended a $100,000 line of credit to a company that hopes to capitalize on Florida’s upcoming medical marijuana industry. Regions Bank is providing the credit line to Efftec International Inc., a Las Vegas-based firm that owns a majority stake in Future Farms, the […]

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Chart of the Week: Cannabis Stocks End 2015 With Bumps, Bruises

By Becky Olson Last year was a tumultuous one for cannabis stocks, further deterring institutional investors from getting involved in a notoriously high-risk sector. A sampling of 12 stocks analyzed by Marijuana Business Daily started the year off strong, collectively rising about 27% during the first few weeks of 2015.

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Colorado City’s Marijuana Ad Laws Under Scrutiny

A pair of Colorado marijuana stores, The Farm and Terrapin Care Station, are accused of violating the city’s ban on cannabis advertising because of booths they displayed at an event last month. The stores in Boulder, Colorado, didn’t distribute marijuana at the festival, which was held for the lesbian, gay, bisexual and transgender community. But the […]

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Chart of the Week: Marijuana Stock Volatility Underscores Uncertainty, Industry’s Challenges

By Becky Olson Marijuana stocks are a wild bunch. One moment they’re soaring to the stratosphere, the next they’re plummeting back to earth and on life support…then they’re hitting new highs again. The volatility highlights uncertainty about the industry’s future and publicly traded cannabis companies in general, as well as the fact that most cannabis-related […]

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WA School District Rejects Marijuana Grower’s $14K Donation

Education officials in Prosser, Washington, have turned down a $14,000 donation from a local marijuana farmer, highlighting the challenges cannabis businesses still face when trying to ingrain themselves in their communities. Grower Randy Williams previously promised to donate proceeds of a first-of-its-kind marijuana auction to the local school district. But school officials declined the money, […]

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Week in Review: Fallout From Colorado Governor’s Comments on Marijuana Legalization

By John Schroyer Marijuana could prove to be a decisive factor in who moves into the governor’s mansion in Colorado. At no point was that more evident than this week, when Democratic Gov. John Hickenlooper was forced to offer an olive branch to the cannabis industry after calling the 2012 marijuana legalization vote “reckless.” Hickenlooper […]

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Guest Column: Food Safety Strategies for Cannabis Edibles Manufacturers

By Maureen McNamara There are many aspects of running an edibles company that demand attention, from regulatory compliance and product consistency to packaging and financial issues. With all this on their plate, however, owners of edibles businesses often overlook a crucial area: food safety.

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Navigating Turmoil: Q&A With Executives at Edibles Manufacturer Cheeba Chews

By John Schroyer Cheeba Chews has been cruising in the fast lane for the better part of five years, building a wildly popular brand of edibles in Colorado and expanding into two other states along the way. But the company ran head-first into a major roadblock this spring that brought its Colorado operations to a […]

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Minnesota Names Medical Cannabis Czar

Minnesota’s medical marijuana program now has a leader. Michelle Larson, who held various executive roles with the state’s health department over the past decade, has been named head of the newly created Office of Medical Cannabis. In this capacity, she will play a key role in helping the state develop regulations on the medical marijuana […]

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Cheeba Chews Returns to Colorado Market

Cheeba Chews is back in business. The Colorado-based company – which makes a popular line of edibles – reportedly has a new licensing deal in place to manufacture infused products in its home state. Production has resumed and the company is now filling orders from dispensaries, an official with Cheeba Chews told Marijuana Business Daily. […]

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