MMJ Business Daily

Delaware eases PTSD patient access to medical marijuana

Delaware’s four medical marijuana dispensaries could see an uptick in business thanks to a change in state law that makes it easier for patients with post-traumatic stress disorder to obtain medical marijuana.

Under the new law, PTSD patients can get a recommendation for MMJ from any licensed physician. Previously, PTSD patients had to receive a recommendation from a licensed psychiatrist in the state to get a medical cannabis card.

Delaware Gov. John Carney signed the Bravery Bill, as the new measure is known, into law on Thursday.

Delaware currently has two operational dispensaries, both run

Delaware eases PTSD patient access to medical marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Chart: More growers, lower wholesale prices in Colorado’s recreational marijuana market

By Eli McVey

The Average Market Rate (AMR) for a pound of wholesale marijuana in Colorado’s recreational market has hit an all-time low, pushed down by the continuous flow of new cultivation facilities coming online, increased efficiency among existing growers and a rising number of outdoor grow operations.

Moreover, the market forces working to push wholesale marijuana prices lower show no sign of abating, a prospect likely to further squeeze growers’ margins.

Used by the Colorado Department of Revenue to levy excise taxes, the AMR is determined twice a year based on the average price of all retail

Chart: More growers, lower wholesale prices in Colorado’s recreational marijuana market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Tons of CBD producers, but few connect with consumers: Q&A with analyst Bethany Gomez

By Kristen Nichols

The nascent CBD market is hot: The cannabis compound is popping up in a dizzying variety of products, from maple candies to skin creams to dog treats.

But a market researcher who produced some of the most exhaustive investigations yet into CBD’s market potential has some cold water to throw on CBD’s fire.

Tons of CBD producers, but few connect with consumers: Q&A with analyst Bethany Gomez is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Tons of CBD producers, but few connect with consumers: Q&A with analyst Bethany Gomez

By Kristen Nichols

The nascent CBD market is hot: The cannabis compound is popping up in a dizzying variety of products, from maple candies to skin creams to dog treats.

But a market researcher who produced some of the most exhaustive investigations yet into CBD’s market potential has some cold water to throw on CBD’s fire.

Tons of CBD producers, but few connect with consumers: Q&A with analyst Bethany Gomez is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Nevada Supreme Court halts cannabis distribution licensing

Nevada’s marijuana distribution court fight will last at least another few weeks.

On Friday, the Nevada state Supreme Court issued a temporary injunction prohibiting the Department of Taxation from issuing any more marijuana distribution license, in a move that could extend supply chain problems for cannabis retailers in the short term. Oral arguments in the case are scheduled for Oct. 3.

The state Tax Commission had previously voted to begin licensing MJ distributors aside from only licensed alcohol wholesalers, because it found that alcohol distributors couldn’t keep up with the overwhelming demand of the new

Nevada Supreme Court halts cannabis distribution licensing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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DOJ official: Administration still unsure on marijuana stance

The Trump administration hasn’t yet decided what to do about marijuana enforcement in states that have legal cannabis programs, according to a top Department of Justice official who was asked about marijuana policy.

“We’re looking at it,” Rod Rosenstein, the No. 2 enforcement official at the Department of Justice, said of the Obama-era Cole Memo meant to safeguard the legal cannabis industry.

Rosenstein – speaking Thursday to the conservative Heritage Foundation – did not say when the administration’s review of the Cole memo would conclude.

He did say the top priority for the DOJ under the Trump administration

DOJ official: Administration still unsure on marijuana stance is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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In ‘historic’ deal, New Brunswick to buy CA$100 million of cannabis

New Brunswick entered into separate agreements with two of Canada’s largest licensed producers to buy 9,000 kilograms of cannabis per year for 100 million Canadian dollars ($82 million) to meet demand for its recreational market when adult-use marijuana is legalized next summer.

The groundbreaking deals could be a harbinger of things to come for Canadian provinces choosing a monopoly model to retail recreational cannabis in their legalized markets.

Organigram, based in New Brunswick, said in a news release it will supply at least 5,000 kilograms of cannabis per year. The cannabis is estimated to have

In ‘historic’ deal, New Brunswick to buy CA$100 million of cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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L.A. planners approve marijuana business zoning regulations

The Los Angeles City Council Planning Commission approved an ordinance on Thursday that sets zoning regulations and land use guidelines for marijuana growers and retailers in the city.

The ordinance mandates that retail marijuana stores be located at least 800 feet from schools, parks, libraries, drug treatment facilities or other marijuana shops, according to the City News Service. California’s recreational marijuana law, which goes into effect in January, requires retailers to be just 600 feet from these types of locations.

Supporters of the 800-foot buffer zone asserted it would prevent more than one marijuana store from being

L.A. planners approve marijuana business zoning regulations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Canopy inks MMJ supply deal with Australia’s AusCann

Canada’s largest licensed cannabis producer continued its aggressive drive overseas by signing a deal to be the exclusive supplier of medical marijuana for Australia’s AusCann Group Holdings Ltd.

Canopy earlier agreed to take a 15% ownership stake in the Perth-based company, which is a cultivator, manufacturer and supplier of Australian-produced medical marijuana.

Smith Falls-based Canopy (TSX Exchange: WEED) will begin supplying AusCann with a range of medicines for research and commercialization in Australia, the company said in a news release.

In August, AusCann was granted a medicinal cannabis manufacturing licence by the Office of Drug Control,

Canopy inks MMJ supply deal with Australia’s AusCann is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Week in Review: Nevada MJ consumption lounges, national cannabis testing & Maine rec rules

By Bart Schaneman, John Schroyer and Omar Sacirbey

A new legal interpretation says marijuana consumption lounges don’t violate Nevada law, U.S. senators are calling for national cannabis testing protocols, and Maine releases draft rules for its recreational MJ industry.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Sin City consumption lounges

An independent legal agency’s conclusion that Nevada law doesn’t prevent marijuana businesses from establishing a public cannabis consumption lounge or hosting an event that allows recreational MJ use is “a big deal,” according to one industry watcher.

If the Legislative

Week in Review: Nevada MJ consumption lounges, national cannabis testing & Maine rec rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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