MMJ Business Daily

Increased desire for high-THC products a hazard for some Alaska cannabis cultivators

Consumers in Alaska are willing to pay higher prices for more potent cannabis, but that trend could potentially threaten to bankrupt some cultivators. Growers whose marijuana tests below 20% THC struggle to recoup their costs because their product won&…

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US marijuana company MJardin to go public in Canada via reverse takeover

Another notable U.S. marijuana company is completing a reverse takeover in Canada so it can go public north of the border. Denver-based MJardin – which operates cultivation, processing and retail facilities in North America and has an office in T…

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How ‘thousands of pounds’ of California cannabis may be left out of the legal supply chain

The regulatory whirlwind that swept through California’s marijuana industry since the newly regulated market launched in January continues to fan many companies’ anxieties – especially those smaller farmers that are more focused on cu…

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Michigan reverses position, decides to extend medical cannabis deadline

Michigan plans to extend a Sept. 15 deadline for some existing operators to receive their permanent medical marijuana licenses, an apparent effort to avert tumult in one of the country’s largest MMJ markets. “We’ve heard a lot of concerns over the past…

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Marijuana-focused exchange traded fund reaches CA$1 billion in assets

A cannabis-focused exchange traded fund has reached 1 billion Canadian dollars ($760 million) in assets, partly stemming from recent major investments from key players in the nation’s cannabis space ahead of the country’s recreational legal…

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California cannabis tech firm Treez closes $11.5 million funding round

Treez, an ancillary cannabis tech company based in Oakland, California, has raised eight figures to help fund its expansion across the industry. The company offers a point-of-sale software system that currently serves more than 100 MJ retailers and ann…

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Aurora Cannabis to acquire Uruguay-based ICC Labs for CA$290 million

Aurora Cannabis has agreed to acquire Uruguayan marijuana producer ICC Labs in a deal valued at 290 million Canadian dollars ($220 million) and would establish the Alberta-based company as a leader in South America. Reports of the deal surfaced a few w…

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As expected, Ohio misses deadline for medical marijuana rollout

Ohio blew past Saturday’s deadline for rolling out its potential $400 million medical cannabis program, but many in the industry are confident better days are coming soon. It’s not uncommon for state marijuana programs to be delayed, sometimes fo…

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Chart: Dominant player emerging for state cannabis seed-to-sale tracking contracts

Businesses that provide seed-to-sale tracking systems to the marijuana industry operate in an intensely competitive environment, but one company appears to be pulling away from the pack with its recent contract victories. Franwell – the Florida m…

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Cannabis legislation in Ontario expected in late September

Ontario’s Progressive Conservative government is expected to introduce legislation to regulate the recreational cannabis industry in late September, according to multiple sources with knowledge of the matter. The legislation could be introduced within …

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