MMJ Business Daily

15 Sep 2017

Posted by Mary Jane

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,

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

15 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

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

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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

15 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

Landmark New Brunswick marijuana supply deal could foreshadow things to come for provinces

By Matt Lamers
New Brunswick’s groundbreaking deal to buy a combined 100 million Canadian dollars ($82 million) worth of cannabis per year from two licensed producers could be a harbinger of things to come for provinces aiming to lock up supply before …

15 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

Cannabis industry pushes back against Ontario retail blueprint, but welcomes the clarity

By Matt Lamers

Canada’s cannabis industry is pushing back against the Ontario government’s blueprint for regulating marijuana, urging the province to reconsider its plan to handle recreational cannabis sales while shutting the private sector out of the retail rec business.

While licensed producers welcomed the fact that the province provided clarity and made it easier to plan for the future, they hope Ontario will revise the proposed legislation when it’s introduced this fall and give private companies a retail role.

The Ontario government’s proposed regulatory framework calls for a state-run monopoly to sell adult-use cannabis online and in

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Cannabis industry pushes back against Ontario retail blueprint, but welcomes the clarity is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

14 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

Nevada switches from MJ Freeway to Franwell tracking system

The Nevada Department of Taxation has decided to replace MJ Freeway’s Leaf Data Systems with Franwell’s METRC system for tracking cannabis inventory in the state.

The switch will be official Nov. 1, Forbes reported, but Nevada cannabis companies can still utilize MJ Freeway software to send their data to Franwell’s Marijuana Enforcement Tracking Compliance system.

According to Forbes, the contract is worth approximately $816,000 to Franwell.

Nevada MJ companies were notified via email of the change, but no reason for the switch was given. A spokeswoman for the Department of Taxation didn’t respond to Marijuana Business Daily‘s

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Nevada switches from MJ Freeway to Franwell tracking system is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

14 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

MPP opens New York office, hires ex-US senator as senior adviser

A national marijuana industry advocacy group is opening a New York office in hopes of strengthening the state’s medical marijuana program and, possibly, increasing business opportunities.

Marijuana Policy Project has hired former Republican U.S. Senator Alfonse D’Amato to serve as a senior adviser for New York and added community organizer Landon Dais to serve as political director in the Empire State, according to the New York Daily News.

D’Amato – a U.S. senator from 1981 to ’99 – told the newspaper that MPP’s agenda in New York includes lobbying for a bill to make medical marijuana available

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MPP opens New York office, hires ex-US senator as senior adviser is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

14 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

Washington state considering recreational marijuana home grows

In a move that could have a serious impact on Washington marijuana retailers, the department overseeing recreational marijuana in the state will consider allowing home cultivation for adult use.

The Washington State Liquor and Cannabis Board (LCB) announced in a news release that it will hold a public hearing Oct. 4 to solicit public input on whether to allow residents to cultivate marijuana plants for personal use.

Of the eight states that have legalized recreational cannabis, Washington is the only one that prohibits personal cultivation – although home grows are allowed for registered medical marijuana patients.

The

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Washington state considering recreational marijuana home grows is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

14 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

Cannabis tech company Eaze raises whopping $27 million

Eaze, a canna-centric technology company in San Francisco, has raised $27 million in Series B financing.

The raise was led by Bailey Capital, according to a news release, with additional funding by DCM Ventures, Kaya Ventures and FJ Labs.

Eaze’s latest funding round brings the company’s total financing to $52 million, including a $13 million raise in October.

Eaze – best known for its EazeMD mobile app that connects cannabis customers with marijuana delivery services – said it will use the money for continued expansion in California and other states.

Los Angeles-based Bailey Capital is

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Cannabis tech company Eaze raises whopping $27 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

14 Sep 2017

Posted by Mary Jane

Category MMJ Business Daily

Conservative US senator introduces pro-medical marijuana research bill

Medical cannabis just found an unlikely ally in Utah Republican Orrin Hatch.

Hatch, who has served in the U.S. Senate since 1977, has introduced the Marijuana Effective Drug Study Act of 2017 (MEDS Act), according to Fortune.

If approved by Congress, the bipartisan measure would ease barriers to research into the potential medical benefits of cannabis.

Specifically, the bill would require U.S. Attorney General Jeff Sessions – who has reportedly blocked cannabis research permits – to “increase the national marijuana quota in a timely manner to meet the changing medical, scientific and industrial needs” of

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Conservative US senator introduces pro-medical marijuana research bill is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs