MMJ Business Daily

No beginning in sight for Maine’s recreational marijuana program

Marijuana businesses hoping to serve Maine’s recreational cannabis market will probably have to wait until 2019 and possibly longer depending on how the state’s gubernatorial race shakes out next year. Standing in the way is Gov. Paul LePage, who has e…

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Oregon congressman starts pro-marijuana PAC

There’s a new political action committee dedicated to defeating members of Congress who cast votes against marijuana, a development that could aid MJ businesses through the passage of pro-cannabis legislation. The new PAC is dubbed the Cannabis Fund, a…

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Maryland medical cannabis commission looking for new chief

The executive director of Maryland’s medical marijuana commission is stepping down. Patrick Jameson, who had been at the helm of the commission since April 2016, is resigning effective Nov. 30, the Baltimore Business Journal reported. His resignation c…

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Cronos Group raises CA$17 million to fund R&D, boost marijuana production

Cronos Group has closed a stock deal that raised 17.2 million Canadian dollars ($13.5 million) to fund research and development, expand Canadian cannabis production capacity and develop distribution infrastructure. The deal brings to CA$90 the amount o…

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Massachusetts cannabis commission asking for $7.5 million budget

The Massachusetts Cannabis Control Commission expects to eventually pay for the state’s MMJ program through licensing and taxes, but it needs $7.5 million from the state to help fund the current fiscal year. The state granted the oversight body $2.3 mi…

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Medical marijuana website wins trademark lawsuit

Budtrader.com, an ancillary medical cannabis industry website that acts as an advertising platform for marijuana businesses, has won a federal trademark from the U.S. Patent and Trademark Office. The victory could prove a significant landmark for the i…

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Medical marijuana website wins trademark lawsuit

Budtrader.com, an ancillary medical cannabis industry website that acts as an advertising platform for marijuana businesses, has won a federal trademark from the U.S. Patent and Trademark Office. The victory could prove a significant landmark for the i…

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Failed deal, red ink, dwindling sales put MassRoots on the ropes

At one point, MassRoots was flying high, raising millions of dollars from investors and attempting to become the first cannabis company listed on the Nasdaq. Over the course of 2017, however, the marijuana-centric social media network has nosedived and…

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Canada awaits hemp boom, with companies pivoting to capitalize on CBD

Excitement about hemp’s market potential is white-hot in Canada, where hemp production already overwhelms the United States and changing regulations could unleash a huge new market for CBD products. Company after company in Canada is gambling that the …

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CA treasurer pushes state-run bank for cannabis businesses

California’s state treasurer isn’t waiting on the federal government to solve marijuana businesses’ banking problem.
Treasurer John Chiang and members of a working group he formed are calling on California officials to create a state-…

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