MMJ Business Daily

New legal opinion: Nevada public cannabis consumption lounges OK

Nevada marijuana entrepreneurs take note: Businesses in your state are not prevented by law from establishing a public cannabis consumption lounge or hosting an event that allows recreational MJ use.

That’s according to a new legal opinion from the Legislative Counsel Bureau that was requested by state Sen. Tick Segerblom, the Nevada Independent reported.

Marijuana consumption lounges have been a hot topic in the state, particularly in Las Vegas, where casinos and hotels don’t allow social use of cannabis.

Opening up opportunities for public cannabis consumption would benefit the city’s

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New legal opinion: Nevada public cannabis consumption lounges OK is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Pennsylvania medical marijuana licensing process faces legal tests

Pennsylvania has two legal challenges to deal with regarding licensing decisions for hotly contested medical marijuana business permits.

Two lawsuits were filed Friday against the state’s Office of Medical Marijuana:

• BrightStar Biomedics is challenging the cultivation license given to Pennsylvania Medical Solutions, a subsidiary of Minnesota-based Vireo Health, the Philadelphia Inquirer reported. BrightStar takes exception to the fact two former Vireo employees are under criminal investigation for allegedly smuggling marijuana oil across state lines.
• Keystone ReLeaf alleges the state’s license application scoring was unfair and seeks an injunction to halt the licensing process.

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Pennsylvania medical marijuana licensing process faces legal tests is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Iowa attorney general halts medical cannabis oil import plan

An unusual attempt by Iowa to work with another state to transport medical marijuana oil across state lines is on hold amid legal concerns it could invite scrutiny from the federal government.

Iowa’s MMJ law, updated this year, mandates that the state license two cannabis oil producers and five dispensaries in the state by the end of the 2018. The law also prohibits smoking medical marijuana.

But to get cannabis oil to patients sooner, Iowa lawmakers included a provision in the law requiring the state to license – before the end of 2017 – two out-of-state MMJ dispensaries to

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Iowa attorney general halts medical cannabis oil import plan is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian marijuana producer Tweed to triple operational space

Tweed Farms – a subsidiary of Canopy Growth Corp. and the largest licensed cannabis producer in Canada – is poised to get even bigger after purchasing land near its current site at Niagara-on-the-Lake, Ontario, and beginning construction on existing properties.

Once completed, the construction will bring Tweed’s total greenhouse space to more than 1 million square feet and triple its overall production space, the company said in a news release.

The land cost Canopy 9 million Canadian dollars ($7.4 million) – CA$6 million in cash and CA$3 million in equity – according to the release. The 111,366 common shares issued at

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Canadian marijuana producer Tweed to triple operational space is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Louisiana cannabis contractor’s finances called into question

A Nevada company that won a contract with Louisiana State University (LSU) to run the school’s medical marijuana grow operation is being targeted by a rival that is questioning the firm’s financial stability.

CB Medical finished second in the bidding process for the LSU contract, which was awarded in June to Las Vegas-based GB Sciences. Now, the company’s chairman, physician Kenneth Perego II, is alleging that GB Science’s finances are “at best shaky,” The Advocate reported.

Perego wrote to the LSU Board of Supervisors that a federal investigation into GB Sciences’ finances could be

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Louisiana cannabis contractor’s finances called into question is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart: 19% of cannabis businesses are owned or were founded by racial minorities

By Eli McVey

Think the cannabis industry is dominated by white business owners? It is, but perhaps not to the level many believe.

A survey of executives by Marijuana Business Daily found that 19% of respondents who own and/or launched cannabis companies are racial minorities.

Chart: 19% of cannabis businesses are owned or were founded by racial minorities is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Rohrabacher-Blumenauer Amendment extended until December

By John Schroyer
A key federal law protecting the medical marijuana industry from interference by the U.S. Department of Justice has been extended until Dec. 8 under the provisions of an emergency aid package approved Friday by Congress, Marijuana Busi…

Ontario to launch state-run retail marijuana outlets

Marijuana will be sold in Ontario through a chain of government-run stores, all existing medical cannabis dispensaries will be closed, and consumption will be limited to private homes, Ontario’s Liberal government said Friday in announcing the province’s framework governing recreational MJ.

The measures effectively shut the door to private businesses in the retail space and will make it more difficult for entrepreneurs to get a slice of the legalized cannabis sector when recreational legalization is set to come into force next summer.

The government hopes to have 40 cannabis outlets by July 2018, 80 by July 2019 and 150 up

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Ontario to launch state-run retail marijuana outlets is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Manitoba First Nation takes stake in medical cannabis company

A Manitoba First Nation is making a major investment in a Canadian company that operates medical cannabis clinics, adding itself to a growing list of indigenous communities getting involved in the MMJ sector.

The Opaskwayak Cree Nation, located 530 kilometers (329 miles) northwest of Winnipeg, Manitoba, has purchased 3 million Canadian dollars ($2.5 million) worth of National Access Cannabis’ shares, or about 10% of the company, CBC News reported.

National Access Cannabis, based in Calgary, Alberta, began trading Friday on the TSX Venture Exchange under the symbol NAC.

NAC operates 10 medical marijuana clinics across the

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Manitoba First Nation takes stake in medical cannabis company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

AmeriCann gets $10M raise for Massachusetts MMJ project

Denver-based AmeriCann announced that it has secured $10 million in equity financing to help finalize the build-out of a massive Massachusetts medical cannabis cultivation operation.

The financing, from Mountain States Capital, will be mostly used on the company’s “flagship project,” a 1 million-square-foot multi-building MMJ cultivation and processing center in Freetown, 47 miles south of Boston, according to a news release.

The first phase of the project includes a 30,000-square-foot greenhouse, a laboratory and research center, according to the release. Coastal Compassion, a licensed MMJ producer in Massachusetts, will lease all the space completed under the first

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AmeriCann gets $10M raise for Massachusetts MMJ project is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs