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MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger

By Omar Sacirbey

Turmoil and uncertainty are swirling around MassRoots, the once high-flying canna-centric social media and tech firm, after the company’s board fired founder and CEO Isaac Dietrich.

The news already has triggered fallout for MassRoots: The Denver company’s planned $12 million acquisition of tech company CannaRegs has been scrapped.

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Chart: 42% of marijuana business owners plan to expand into new markets

By Eli McVey Over 40% of cannabis business owners are planning to take their companies into a new market within the next year, according to a Marijuana Business Daily survey. Of the business owners intending to expand, the vast majority have identified opportunities in both the medical and recreational markets.

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‘We lost it all’: Puerto Rico medical marijuana businesses assess hurricane damage

By Bart Schaneman Hurricane Maria devastated Puerto Rico’s medical marijuana industry, setting back its development at least six months – if not much longer – and causing millions of dollars in damage to MMJ businesses. No outdoor marijuana cultivation facilities survived, but some dispensaries are operating and patients who can access them are still buying.

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As marijuana consumption licenses stall, some entrepreneurs see opportunity

By Kristen Nichols More than three months after setting rules for the nation’s first licensed marijuana consumption clubs, Denver has yet to receive any applications. The stalemate has officials in other states and jurisdictions holding off on licensing consumption clubs or lounges until they see how it goes in Colorado’s capital.

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Provincial Preview: Ontario is Canada’s multibillion-dollar legal marijuana hub

By Matt Lamers

One year ahead of adult-use legalization, Ontario has become the hub of Canada’s production, finance and ancillary cannabis industries.

Large licensed producers dominate the province’s marijuana sector. Opportunities for entrepreneurs will be less widespread, but are expected to be available in ancillary businesses such as security, greenhouse supplies and accounting.

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