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Medical marijuana company advertises in New York subways

A New York medical marijuana company is going underground. But legally.

Vireo Health of New York, one of the state’s five licensed MMJ companies, on Monday launched a large-scale medical cannabis advertising campaign in the New York City subway system that targets nearly 100 stations with posters touting MMJ.

The Metropolitan Transportation Authority, which oversees the subway system, has not publicly commented on the campaign, according to the New York Daily News. But the transit agency does screen ad submissions for appropriateness.

If the campaign encounters no pushback, it would be a notable

Medical marijuana company advertises in New York subways is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New Colorado law allows hemp farmers to use federal water

Colorado Gov. John Hickenlooper signed into law a bill that will allow hemp farmers in the state to use water from federal reservoirs.

The measure, Senate Bill 117, asserts that Colorado hemp farmers be permitted to use federal reservoir water if they’re registered with the state to grow hemp, even though the crop remains illegal at the federal level, the Cortez Journal reported.

Hickenlooper told the newspaper he’s optimistic about the future of hemp in Colorado.

“Hemp is a very versatile product with a lot of uses, and it does not make

New Colorado law allows hemp farmers to use federal water is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Support your claims about MMJ products: Q&A with cannabis attorney Emily Leongini

By Bart Schaneman

If you’re going to claim your medical marijuana product can treat a condition or disease, you’d better have the data to back it up.

So says Emily Leongini of the Arent Fox law firm, where she works in the Food and Drug Administration practice with a focus on highly regulated products like cannabis.

Support your claims about MMJ products: Q&A with cannabis attorney Emily Leongini is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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West Virginia begins early stages of launching MMJ program

West Virginia officials say they’re in the “preliminary stage” of developing a plan to implement the state’s new medical marijuana law, including rules that will govern new business owners.

The regulations “will begin with requirements for growers/processors so that those entities can come online and begin to produce products,” a spokeswoman for the Department of Health and Human Resources told the Charleston Gazette-Mail. She said department regulators will then spell out requirements for dispensaries and physicians, followed by those for registering caregivers and patients.

Gov. Jim Justice signed the MMJ measure into law on April 19. It

West Virginia begins early stages of launching MMJ program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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South Carolina legalizes hemp cultivation and sales

South Carolina became the latest state to legalize industrial hemp cultivation and sales after the governor signed legislation establishing a pilot program.

The bill, signed into law last week, creates a program that will award 20 licenses permitting growers to grow, harvest and sell hemp, The State reported. Each grower may cultivate hemp on up to 20 acres of land, according to the newspaper. The South Carolina Department of Agriculture will manage the program.

Thirty-one states, including South Carolina, allow hemp cultivation or pilot programs under provisions detailed in the South Carolina legalizes hemp cultivation and sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Colorado edibles firm partners with Florida MMJ company on sales

Colorado edibles company Wana Brands is partnering with a Florida medical cannabis business to sell each other’s products in a move that permits both firms to expand their geographic footprint.

Boulder-based Wana Brands said it has signed a reciprocal licensing deal with Alternative Medical Enterprises, or AltMed, based in Sarasota, Florida, the Denver Post reported. Financial terms weren’t disclosed.

Under the agreement, AltMed will manufacture and sell Wana Brands’ products in Arizona, and Wana will produce and distribute AltMed’s products in Colorado.

The Post noted the deal is part of a growing trend known as

Colorado edibles firm partners with Florida MMJ company on sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Chart: Startup costs for wholesale marijuana cultivators

By Eli McVey

Typical startup costs for wholesale cannabis cultivation businesses launched in the last three years amount to $42 per square foot, according to a Marijuana Business Daily survey of executives in the industry.

But actual startup costs can vary widely based on the market each wholesaler serves and – to an even greater extent – the cultivation method used to grow marijuana.

Cultivators with indoor grow operations reported significantly higher startup costs per square foot relative to that of greenhouse, outdoor and combination cultivation types – a reflection of the large upfront expenditures

Chart: Startup costs for wholesale marijuana cultivators is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New Mexico medical marijuana tracking system shows discrepancies

Reports from New Mexico’s seed-to-sale tracking system show that five of the state’s medical cannabis businesses actually sold roughly 200,000 grams of MMJ more than they grew January through March.

A review of quarterly MMJ reporting documents by the New Mexico Political Report found the biggest discrepancy with Giving Tree Organics, which sold nearly 28 pounds, or about 13,000 grams, more than they produced.

Another MMJ business, The Harvest Foundation, grew about 64,000 grams January to March but sold about 70,000 grams, a difference of about 10 pounds.

How the discrepancies came to be and who’s

New Mexico medical marijuana tracking system shows discrepancies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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