MMJ Business Daily

IBM suggests blockchain for tracking Canadian marijuana

Tech titan IBM is pitching blockchain technology as a supply-management tool for British Columbia’s recreational and medical cannabis industry, a possible sign that Big Blue is eyeing Canada as a way to enter the marijuana sector.
IBM submitted a…

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Hemp wins unanimous approval in Wisconsin Senate

Hemp is cruising through the Wisconsin state legislature, where the Senate voted 33-0 to approve cultivation of the new crop.
The Wisconsin bill hemp bill now heads to the Assembly, which scheduled a hemp hearing Wednesday.
The final Assembly vote on h…

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Cannabis consumer website Leafly lays off 15 employees, hires CEO

The popular marijuana consumer website Leafly has laid off 15 employees and hired a tech entrepreneur to lead the Seattle company as its new CEO.
The job reduction – unusual for the cannabis industry – cut Leafly’s workforce by about …

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Leading US marijuana retailer LivWell takes ‘significant’ ownership stake in Canadian producer

By Matt Lamers

One of the largest marijuana retail operators in the United States has acquired a “significant” equity stake in an Alberta cannabis producer, a move that could pave the way for other U.S. companies to enter the Canadian market.

Denver-based LivWell Enlightened Health purchased the undisclosed stake in Lethbridge, Alberta-based 51st Parallel.

The deal essentially makes the Canadian company a LivWell affiliate.

Executives from the two privately held companies confirmed the transaction but declined to disclose the financial terms of the deal.

The move comes on the heels of U.S. alcohol giant Constellation Brands’

Leading US marijuana retailer LivWell takes ‘significant’ ownership stake in Canadian producer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Canadian group offers marijuana advertising-marketing guidelines

A group representing 17 of Canada’s licensed marijuana cultivators proposed guidelines to govern the advertising and marketing of legalized cannabis products, accessories and services.
If endorsed by the federal government, the proposed guidelines woul…

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CBD products are usually mislabeled, study finds

Most CBD products sold online don’t contain the promised amount of CBD, a potential red flag for regulators deciding whether to crack down on a product commonly used for medical reasons.
A study published Tuesday in a leading medical publication,…

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Election results: Recreational cannabis legalization strong possibility in New Jersey + wins in Detroit

By John Schroyer

New Jersey is poised to legalize recreational marijuana after a pro-cannabis candidate won the state’s gubernatorial race Tuesday, giving the MJ industry a potentially huge win in what could be a lucrative new market for businesses.>

Come January, anti-marijuana Gov. Chris Christie will be out of office and Democrat Phil Murphy will be in.

Election results: Recreational cannabis legalization strong possibility in New Jersey + wins in Detroit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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California cities may tax destroyed cannabis crops

Municipal governments across California are moving to tax marijuana cultivation facilities based on square footage, not on actual crop production.
Such an approach could mean cultivators will potentially have to pay taxes on crops that fail to generate…

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Manitoba gives private sector a retail role in recreational marijuana

Manitoba became the first province in Canada to carve out a space for the private sector to participate in recreational marijuana sales, unveiling a “hybrid” model that gives entrepreneurs and the public sector a role.
The ruling Progressiv…

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Help wanted: cannabis inspector in Massachusetts

Massachusetts’ legalization of recreational marijuana has resulted in an unexpected job opportunity – agricultural inspector for cannabis.
A job description posted on the state’s website says it’s seeking someone to enforce laws and regulat…

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