MMJ Business Daily

Florida will delay awarding five new medical cannabis licenses

Florida’s medical marijuana regulators will miss their deadline to award five more MMJ business licenses.

A statute passed in June required the state’s MMJ regulators to issue five new medical marijuana licenses by Aug. 3 and an additional five by Oct. 3.

The first five were awarded on time, but the others will be delayed for an undetermined period, Sunshine State News reported.

The head of Florida’s Office of Medical Marijuana Use (OMMU) blamed the missed deadline on Hurricane Irma and a lawsuit filed by an African-American farmer, according to the news outlet.

In his lawsuit, the

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Florida will delay awarding five new medical cannabis licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Medical marijuana cultivation now an official farming sector in Israel

Israel is classifying medical marijuana cultivation in the same farming sector as traditional agriculture.

The Agricultural Ministry’s decision means up to 20 farmers will qualify for government aid in the form of grants, water quotas and training, The Jerusalem Post reported.

The reclassification of Israel’s MMJ farmers follows an August announcement that the nation plans to begin exporting medical cannabis. The Agricultural Ministry hasn’t added a new farming classification since giving the nod to horse ranchers 10 years ago, according to the newspaper.

Israel’s MMJ export trade could be extremely profitable,

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Medical marijuana cultivation now an official farming sector in Israel is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Tilray exports medical cannabis to New Zealand for national dispersal

Tilray has started supplying medical marijuana to the New Zealand market for nationwide distribution, filling the nation’s cannabis supply shortfall two weeks after its government lifted restrictions on cannabidiol.

British Columbia-based Tilray’s medical marijuana will be available in pharmacies across New Zealand, the company said in a news release.

The Ministry of Health’s liberalized rules on cannabidiol went into effect Sept. 6, allowing medical practitioners to prescribe CBD products to patients. Previously, the ministry had to sign off on all cannabidiol requests.

Canadian medical cannabis exports have surged this year, as licensed producers use overseas shipments as a way

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Tilray exports medical cannabis to New Zealand for national dispersal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Florida struggling to keep pace with MMJ patient registrations

Florida’s Office of Medical Marijuana Use is dealing with a major patient backlog which some stakeholders say is forcing patients to wait longer than the mandated 30 days to receive their MMJ cards.

According to WEAR TV and the Miami Herald, the state health department is being “flooded” with MMJ registration applications, up to 3,000 pending at any given time, with staffers receiving about 1,300 calls a day from prospective patients.

One physician who’s recommending MMJ for patients estimated that the wait time is up to about seven weeks instead of 30 days, WEAR TV reported.

As

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Florida struggling to keep pace with MMJ patient registrations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart: Lots of patients, small purchases in Hawaii’s first month of medical marijuana sales

By Eli McVey

Medical cannabis sales in Hawaii officially began in August following several months of delays and setbacks.

While initial data suggests the state’s program is comparable to others on the mainland, a closer look reveals just how unique the market really is.

After opening on consecutive days, the state’s only two operational dispensaries – Maui Grown Therapies and Oahu’s Aloha Green – combined for an estimated $304,000 worth of sales over the program’s first month.

How does that compare to some other new markets that opened in recent years?

It’s extremely close to the estimated $284,000

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Chart: Lots of patients, small purchases in Hawaii’s first month of medical marijuana sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Mexico’s infant hemp law leaves questions for potential growers

By Kristen Nichols

New Mexico has joined a growing number of states in allowing hemp production, but the new law is vague about when hemp production may begin and how the program will work.

New Mexico’s infant hemp law leaves questions for potential growers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maine panel signs off on rewrite of recreational cannabis law

Maine’s recreational marijuana law underwent a rewrite by a legislative committee this week that could spell major changes for the program, including an increased tax rate and a two-year residency requirement to own a rec shop.

But Maine Gov. Paul LePage hasn’t expressed much enthusiasm about adult-use marijuana, and committee members are concerned he’ll veto or delay the implementation of the bill, according to the Portland Press Herald.

A final draft of the legislation is expected to be finished by Oct. 10.

Major provisions of the bill include:

• A 10% excise tax

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Maine panel signs off on rewrite of recreational cannabis law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Nevada reports huge first month of recreational marijuana sales

Nevada’s recreational marijuana market amassed sales of over $27 million during its first month of operation, significantly outpacing the opening month in other states where it’s legal for adult use.

According to the Las Vegas Review-Journal, the sales totals are nearly twice that of Colorado and Oregon during those two states’ first month of adult-use sales. Those states each averaged about $14 million in sales the first month.

Recreational marijuana sales began on July 1 in Nevada, and 250 recreational marijuana businesses have been licensed so far, with 53 of those retail shops.

The massive

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Nevada reports huge first month of recreational marijuana sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Nevada reports huge first month of recreational marijuana sales

Nevada’s recreational marijuana market amassed sales of over $27 million during its first month of operation, significantly outpacing the opening month in other states where it’s legal for adult use.

According to the Las Vegas Review-Journal, the sales totals are nearly twice that of Colorado and Oregon during those two states’ first month of adult-use sales. Those states each averaged about $14 million in sales the first month.

Recreational marijuana sales began on July 1 in Nevada, and 250 recreational marijuana businesses have been licensed so far, with 53 of those retail shops.

The massive

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Nevada reports huge first month of recreational marijuana sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Michigan ups grow capacity for medical cannabis cultivators

Michigan regulators announced this week that medical marijuana cultivation license applicants will be allowed to apply for multiple permits at a single location, meaning that they could potentially grow many more plants than originally anticipated.

Under state law, growers can apply for three types of licenses. Class A license holders can grow up to 500 plants, Class B license holders up to 1,000 plants, and Class C up to 1,500 plants, according to Crain’s Detroit Business.

But the state’s Bureau of Medical Marihuana Regulation will allow growers to apply for “multiple” Class C licenses for

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Michigan ups grow capacity for medical cannabis cultivators is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs