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Week in Review: New Jersey explores MMJ expansion, California growers sue & rules violations in MA

New Jersey’s governor looks to improve the state’s medical marijuana program, California cannabis growers are suing the state over licensing, and Massachusetts MMJ inspections uncover numerous violations. Here’s a closer look at some notable developments in the marijuana industry over the past week. New Jersey MMJ expansion? The Garden State’s new governor certainly didn’t wait […]

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Proposed Canadian medical marijuana tax could funnel patients to black market, critics warn

A proposed excise tax on medical marijuana in Canada could push even more patients to the black market and curb demand in the regulated market, executives, economists and patients told Marijuana Business Daily. The federal government plans to apply the same 10% excise tax on medical users as recreational users. That’s on top of provincial and […]

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Privateer sets milestone for US marijuana industry with $100 million raise

Seattle-based Privateer Holdings, which has long been setting benchmarks for capital raises in the marijuana sector, has established a new standard – and demonstrated that at least some deep-pocketed investors have not been spooked by U.S. Attorney General Jeff Sessions. The marijuana-focused private equity company announced Thursday it has completed a $100 million Series C […]

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Aurora, CanniMed agree to CA$1.2B merger, creating one of world’s largest marijuana companies

A hostile takeover attempt turned friendly Wednesday when two of Canada’s largest marijuana producers agreed to bury the hatchet and combine their operations to become one of the world’s largest cannabis companies.

After five days of marathon negotiations, Saskatchewan’s CanniMed Therapeutics accepted Aurora Cannabis’ sweetened cash and share offer worth 1.2 billion Canadian dollars ($900 million).

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Texas CBD program stalls as growers produce oils but have no patients

Texas’ long-awaited CBD program is underway. Sort of. The nation’s second-most populous state has a limited CBD program, three licensed growers and plants harvested. But Texas has no patients just yet, a signal that the state’s elaborate hurdles are blocking consumers from accessing marijuana-derived medicine even if it’s a cannabidiol product low in THC. “We […]

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Reporter’s California Notebook: State’s marijuana evolution continues

Marijuana Business Daily reporter John Schroyer was on the ground in California, posting firsthand accounts detailing the historic, Jan. 1 launch of the state’s recreational marijuana market. Scroll down for an inside account from cannabis business executives pioneering the state’s new adult-use market, which Marijuana Business Daily estimates will generate at least $4 billion in annual retail sales […]

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Italy addresses ‘systematic’ medical marijuana shortage with help from Canadian companies

Two Canadian-based companies are turning to acquisitions and supply agreements to address a “systematic” shortfall of medical marijuana in Italy that’s estimated to be in the thousands of kilograms. Toronto-based Nuuvera said last week it is acquiring one of only seven companies in Italy with a license to import medical cannabis. Hours later, the German […]

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Chart: Sales growth slowing in Colorado’s recreational marijuana market

Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity. Despite a couple of record-setting months in 2017 – when sales eclipsed $100 million – the sales gains for Colorado’s rec market have been shrinking over the past three […]

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Week in Review: Nevada’s unhappy MJ growers, hemp’s friends in Congress & New York weighs adult use

Nevada marijuana growers are displeased with the state’s updated regulations, Congress members counter the DEA’s view of CBD, and New York may take a look at recreational cannabis. Here’s a closer look at some notable developments in the marijuana industry over the past week. Direct sales in Nevada As Nevada finalizes the rules for its […]

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NCIA board member departs early, rips group’s direction and handling of sexual misconduct accusations

When Denver marijuana pioneer Kayvan Khalatbari announced his resignation from the board of the National Cannabis Industry Association (NCIA) in December, he intended to continue serving in the role until spring. But Khalatbari abruptly stepped down on Monday, telling Marijuana Business Daily he did so because of mounting frustrations with the organization’s direction and leadership. He […]

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