MMJ Business Daily

New Brunswick task force backs government-run marijuana stores

A New Brunswick legislative panel is recommending that recreational marijuana be sold through government-run stores to people at least 19 years old, a move that would limit opportunities for cannabis entrepreneurs interested in retail opportunities.

The Select Committee on Cannabis – composed of provincial lawmakers from both sides of the political aisle – sought public input during meetings held across New Brunswick in July. It heard testimony from business and MJ industry executives, health advocates, union representatives, municipal officials and others.

The task force said a majority of those testifying supported cannabis sales through a provincial-run distributor “to restrict youth

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California lawmakers block cannabis advertising restrictions

With the launch of California’s regulated marijuana industry rapidly approaching, state lawmakers have rejected a bill that would have prohibited marijuana businesses from advertising on clothing such as shirts, hoodies and hats.

It’s a significant victory for advertising purposes, simply because marijuana-related businesses are already constrained in that arena much more than traditional industries.

Bill opponents, such as the California Cannabis Manufacturers Association, argued that the proposed law would have prevented them from pursuing legitimate profits, the Los Angeles Times reported. The association wrote that the bill “undercuts a legitimate revenue center for cannabis licensees” and that it

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Arizona recreational marijuana foe accused of fraud

A company that contributed half a million dollars to help defeat recreational marijuana legalization in Arizona last year is now in the crosshairs of the state’s attorney general, who has accused the company of deceptive practices to bolster sales of an opioid product.

Insys Therapeutics – which gave $500,000 to Arizonans for Responsible Drug Policy during the 2016 election cycle – is guilty of widespread fraud in support of a spray form of the opioid fentanyl, Arizona Attorney General Mark Brnovich has alleged in a lawsuit against the Chandler-based company, the Arizona Capitol Times reported.

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Latest medical cannabis market launches Down Under

Medical marijuana is now legal on the island state of Tasmania, which is technically part of Australia.

The limited program launched Friday, according to the Hemp Gazette, with patients able to purchase MMJ only through pharmacies.

But the spread of new medical marijuana markets on a global scale is yet another indication the industry isn’t slowing down.

Already, Australian cannabis-related companies have been raising capital and solidifying international partnership deals with Canadian and U.S. marijuana businesses.

However, Tasmania is

Latest medical cannabis market launches Down Under is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Out-of-state marijuana labs show interest in North Dakota

Seven companies with experience in other states have expressed interest in testing medical marijuana in North Dakota, which is setting up an MMJ program approved by voters last year.

State officials had expressed concern about how much interest there would be among in-state labs that focus mainly on agricultural and environmental testing.

Out-of-state companies “have got some experience, the knowledge – I assume the methodology – down” on testing MMJ for contaminants, including pesticides and molds, and to ensure that levels of THC are accurately labeled, said Kenan Bullinger, director of the health department’s medical marijuana division.

The agency earlier

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Chart: Minorities occupy 17% of executive positions in marijuana industry

By Eli McVey

The percentage of minorities holding executive positions at cannabis businesses stands at 17%, according to a Marijuana Business Daily survey.

While many in the industry would like to see this number even higher, it’s greater than the average across all U.S. businesses as a whole.

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Alaska cannabis cultivators say licensing process takes too long

Six new marijuana cultivators came online in Alaska in July, but growers are complaining about problems with licensing procedures.

“The process is taking a lot longer” than expected, Evan Schlosberg, cultivation director for Anchorage-based The Frost Frontier, told KTUU.

Schlosberg told the TV station it took months to finally receive approval to start growing.

He made his first marijuana sale to a retail store Tuesday, but he’s concerned he could be overwhelmed by taxes, fees and bills if he doesn’t start selling more product.

The first cultivation license in Alaska was granted

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Scotts Miracle-Gro to focus on North American interests like MJ

Botany giant Scotts Miracle-Gro has sold off its interests in Europe and Australia with the apparent intent of focusing on the North American market, including marijuana.

The company on Thursday finalized a $250 million deal in which it sold off gardening business interests in seven different countries, meaning that nearly all its revenue will now come from North America, The Cannabist reported.

The company intends to focus on its core business: hydroponics.

Scotts Miracle Grow will do that through its subsidiary, Hawthorne Gardening Co., which has been on an acquisition spree that includes buying up ancillary cannabis companies

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Las Vegas recreational marijuana retailer advertises with airline

Las Vegas recreational marijuana retailer Acres Cannabis said it’s completed a deal to advertise in Allegiant Air’s in-flight magazine, another sign of a growing movement by cannabis companies to expand their advertising reach through transportation outlets.

Some other companies that have gone this route:

  • Price-comparison app Wikileaf, which in June started a three-month video ad campaign on Virgin America’s seatback screens.
  • New York medical marijuana dispensary Vireo Health, which last May launched a four-week MMJ public awareness push by displaying posters in almost 100 of the Big Apple’s subway stations.

Acres said it will begin running

Las Vegas recreational marijuana retailer advertises with airline is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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