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Canadian medical marijuana producer to open online store

Canopy Growth Corp., Canada’s biggest publicly traded medical marijuana producer, plans to launch an online store that will offer patients one-stop shopping for the company’s various brands.

The move sheds light on how Canadian cannabis companies could increasingly turn to the internet as a new approach to peddling their products, particularly as the country rolls out its new recreational market.

Consumers of Canopy’s three brands – Bedrocan, Mettrum and Tweed – currently must shop for each product on its respective website, CBC News reported.

But starting in mid-April, patients will be able to choose from among all three Canopy

Canadian medical marijuana producer to open online store is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Utah governor signs bill allowing research into medical cannabis

Utah Gov. Gary Herbert signed off on a bill to allow research into the health benefits and risks of medical marijuana.

State lawmakers rejected a larger medical marijuana program before sending the research bill to the governor to sign over the weekend, the Associated Press reported.

The Utah Medical Association endorsed the research proposal, saying more exploration is needed before the state moves forward with a MMJ program.

Utah lawmakers have tried unsuccessfully to pass medical marijuana laws during the past three legislative sessions.

Cannabis advocates are pushing to add an initiative to the November 2018 ballot to

Utah governor signs bill allowing research into medical cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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DC’s medical marijuana program progressing, though more change in store

By John Schroyer

The District of Columbia’s medical cannabis companies have been ramping up in the past month, largely because of new business-friendly regulations that have reshaped the future in terms of possible market size.

But those companies still face big questions, especially with regard to expansion and uncertainty over the customer base’s potential size.

For instance, District Growers plans to increase its production space by adding 4,000 square feet to its existing 5,200-square-foot space, in part because the company is expecting a “significant increases” in product demand, CEO Corey Barnette said.

The company is using only about 60%

DC’s medical marijuana program progressing, though more change in store is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Las Vegas cannabis lounge options are taking shape

Marijuana consumption lounges in Las Vegas are looking more and more as if they’ll become a reality for cannabis entrepreneurs.

At a Clark County marijuana advisory panel meeting Monday, the board “spent most of its first meeting” talking about proposals for such a concept and how cannabis clubs would be regulated, the Las Vegas Review-Journal reported.

A representative from the resort hotel industry said clubs “are the realistic solution to making sure” that marijuana tourists don’t consume cannabis at casinos.

The panel’s meeting included debates over where such lounges could be physically located. For instance, one proposal was

Las Vegas cannabis lounge options are taking shape is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Canadian producer invests $3M in Arizona medical marijuana grower

Aphria, a federally licensed Canadian medical marijuana producer, increased its investment in an Arizona MMJ grower by $3 million.

Aphria now owns 5% of Copperstate Farms LLC through its subsidiary, Aphria (Arizona), and Copperstate Farms Investors controls the remaining 95%, according to a news release.

Aphria, based in Leamington, Ontario, on March 22 became the third Canadian MMJ company to publicly trade on the Toronto Stock Exchange.

Copperstate owns about 1.7 million square feet of greenhouses in Snowflake, Arizona, and plans to have approximately 348,000 square feet – a tad over 20% of the entire site –

Canadian producer invests $3M in Arizona medical marijuana grower is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Nevada medical cannabis licenses fetch almost $2 million

Oregon-based cannabis oil company Golden Leaf Holdings paid $1.925 million to acquire cultivation and extraction licenses from NevWa, a Nevada company that does business as Grassroots.

NevWa’s two licenses allow for distribution and sales in Nevada, including prominent tourist destinations Las Vegas and Reno, according to a news release.

Golden Leaf Holdings’ move comes as Nevada is preparing to introduce recreational marijuana into a state that already has a medical cannabis market.

A preliminary framework for Nevada’s adult-use market is expected in July. The state will start accepting license applications by January 2018, though existing medical marijuana

Nevada medical cannabis licenses fetch almost $2 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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From Big Pharma to the cannabis industry: Q&A with PharmaCann’s Chris Diorio

By Omar Sacirbey

If marijuana business entrepreneurs are wondering whether pharmaceutical professionals might be interested in jumping over to cannabis, the answer is a resounding yes.

Take Chris Diorio, a 25-year pharma industry veteran who recently made such a move, becoming director of research and development for PharmaCann of New York.

PharmaCann has a cultivation and processing site and four vertically integrated dispensaries in New York, as well two grow sites in Illinois, where the company is headquartered.

Diorio’s path to PharmaCann started simply enough during a dinner with two former colleagues, one who previously worked with

From Big Pharma to the cannabis industry: Q&A with PharmaCann’s Chris Diorio is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Colorado bill would let growers reclassify rec marijuana to medical

The Trump administration has been so ambiguous about its intentions regarding recreational cannabis that the Colorado Legislature is considering a bill to allow growers to reclassify their inventory as medical marijuana in the event of a federal crackdown.

Though the measure has yet to receive a full vote in either the state House or Senate, it has passed one Senate committee with bipartisan support, the Associated Press reported, an indication that politicians of both stripes have no desire to see Trump gut the adult-use cannabis industry.

The practical effect would be simply to categorize marijuana grown for recreational use

Colorado bill would let growers reclassify rec marijuana to medical is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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