An international health organization determines that CBD shouldn’t be a scheduled drug, Denver sees its first applicant for a public consumption club, and Ohio’s medical marijuana licensing process comes under fire. Here’s a closer look at some notable developments in the marijuana industry over the past week. Big CBD endorsement CBD got its most important […]Read More
Sweet Leaf, one of Colorado’s largest marijuana retail chain operators, had all of its Denver-area stores shuttered by city authorities on Thursday and 12 people were arrested as part of the raids.
Twenty-six of the vertically integrated company’s licenses have been suspended, according to Dan Rowland, the spokesman for the Denver Department of Excise and Licensing.Read More
In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them.
“I am back at MassRoots,” an elated Dietrich told Marijuana Business Daily on Wednesday.Read More
New Jersey can’t even begin the recreational cannabis legalization process until mid-January, but marijuana entrepreneurs across the country are descending on the Garden State in hopes of getting a first-mover’s advantage in what could become one of the most buoyant markets on the East Coast. Indeed, many marijuana businesses already have a presence in New Jersey, […]Read More
New York typically goes big, and when it comes to hemp, the Empire State is writing the nation’s fattest check yet to promote its new crop. After a late start authorizing hemp production and a program that is relatively small compared to bigger agricultural producers, New York hopped to the front of the nation’s hemp line in July, when Gov. Andrew Cuomo invited hemp entrepreneurs to compete for $5 million in development grants.Read More
Another legal threat for marijuana businesses across the United States has emerged over the past few months: civil suits involving anti-racketeering laws. One such case – a nearly 3-year-old lawsuit in Colorado – is scheduled to go to trial in Denver in July. Two similar suits have been filed against licensed MJ companies and numerous […]Read More
Over 35% of those with an ownership stake in a Maryland medical marijuana company – and nearly 60% of those employed by MMJ businesses – are racial minorities, according to preliminary data released by the Maryland Medical Cannabis Commission. But some industry watchers believe those numbers don’t tell the whole story and still contend that […]Read More
Michigan sets emergency rules for its medical marijuana program, Washington state stops issuing hemp licenses, and Maryland MMJ businesses encounter a supply shortage after sales begin. Here’s a closer look at some notable developments in the marijuana industry over the past week. Michigan making progress Michigan is one of the latest state medical cannabis markets […]Read More
Los Angeles could be among a handful of California cities to begin recreational marijuana sales on New Year’s Day after the City Council’s unanimous approval of cannabis industry regulations Wednesday. “Let’s don’t be a part of history. Let’s make history,” Council President Herb Wesson said moments before 12 council members voted to pass three ordinances […]Read More
Texas is weeks from the opening of CBD dispensaries many thought would never appear in the deep-red state. But it’s far from certain whether Texas’ highly restrictive law will translate into a viable market for the handful of businesses allowed to produce and sell CBD products, as the customer base could be tiny. Patients can […]Read More
The celebration at most of Maryland’s medical marijuana dispensaries didn’t last long. After a four-year-plus wait, medical cannabis sales at a handful of the state’s 10 fully licensed dispensaries began Friday to patients who waited in line for hours. But dispensary owners didn’t receive as much product as hoped and were forced to limit customers to […]Read More