MMJ Business Daily

Provincial preview: New Brunswick banks on cannabis, offers industry financial sweeteners

By Matt Lamers

The prospect of a thriving cannabis industry has New Brunswick entrepreneurs seeing green ahead of next year’s nationwide rollout of adult-use marijuana.

The Atlantic province – Canada’s third-smallest by population – has made marijuana a pillar of its economic strategy.

Provincial preview: New Brunswick banks on cannabis, offers industry financial sweeteners is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

GW Pharma plans to expand marijuana operations in UK

One of the world’s biggest marijuanas companies – GW Phamaceuticals – is poised to get even bigger.

The company announced that it’s planning an expansion in the United Kingdom, including the cultivation and processing of non-psychoactive cannabis, The Telegraph of London reported.

GW Pharma’s plan stems from “anticipated demand” for a CBD-based drug, Sativex, designed to help treat epilepsy, a company official told the newspaper.

The Cambridge, England-based company is planning to invest 50 million British pounds ($64.6 million) on the expansion over the next three years and will hire 70 new staffers to increase its U.K.

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GW Pharma plans to expand marijuana operations in UK is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Dixie Brands pulling out of Arizona medical cannabis market

Colorado-based Dixie Brands, a major multistate edibles producer, is poised to pull out of Arizona indefinitely after entering the medical marijuana market there roughly a year ago.

“As of September 1, we will officially be out of the Arizona market,” a company executive wrote in an email to Dixie distributors in Arizona. Marijuana Business Daily obtained the email Monday.

Company spokesman Joe Hodas confirmed the move in an emailed statement, writing that the business hopes to re-enter Arizona “in the near future.”

Hodas wrote that the pullout is “temporary” and attributed the decision to a miscalculation regarding how much capital investment

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Dixie Brands pulling out of Arizona medical cannabis market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canopy reveals plan for marijuana expansion into Atlantic Canada

Canada’s biggest medical marijuana producer unveiled more details about its expansion into Atlantic Canada, a four-province region currently home to only two companies licensed to cultivate and sell MMJ.

Canopy Growth is buying Fredericton, New Brunswick-based Spot Therapeutics for 2.25 million Canadian dollars ($1.8 million) in stock, the company announced in a news release. New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador make up Atlantic Canada.

Spot has applied to Health Canada for a license to produce marijuana.

Canopy – based in Smiths Falls, Ontario, and traded as WEED on the Toronto Stock Exchange –

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Canopy reveals plan for marijuana expansion into Atlantic Canada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canopy reveals plan for marijuana expansion into Atlantic Canada

Canada’s biggest medical marijuana producer unveiled more details about its expansion into Atlantic Canada, a four-province region currently home to only two companies licensed to cultivate and sell MMJ.

Canopy Growth is buying Fredericton, New Brunswick-based Spot Therapeutics for 2.25 million Canadian dollars ($1.8 million) in stock, the company announced in a news release. New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador make up Atlantic Canada.

Spot has applied to Health Canada for a license to produce marijuana.

Canopy – based in Smiths Falls, Ontario, and traded as WEED on the Toronto Stock Exchange –

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Canopy reveals plan for marijuana expansion into Atlantic Canada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Netflix develops cannabis strains to promote ‘Disjointed,’ other shows

In the latest example of a mainstream company getting involved with the marijuana industry, Netflix recently partnered with a California medical marijuana dispensary to develop and sell 12 cannabis strains based on 10 of the company’s shows.

The entertainment and streaming giant contracted with West Hollywood dispensary Alternative Health Herbal Services to open a pop-up shop to sell the marijuana last Friday to Sunday in conjunction with the premiere of the series “Disjointed,” Variety reported.

The series, starring Kathy Bates, is about a woman who operates a marijuana dispensary in California.

Three of the strains sold at Alternative

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Netflix develops cannabis strains to promote ‘Disjointed,’ other shows is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New York medical marijuana group changes law firms in suit vs. state

New York’s Medical Cannabis Industry Association (MCIA) has changed law firms in its lawsuit to stop the state’s health department from issuing new medical marijuana business licenses.

The trade group – which represents the five vertically integrated marijuana businesses that won licenses in 2015 – switched from Harris Beach to Couch White in its action against the state, according to the New York Law Journal.

Harris Beach – headquartered in Rochester, New York – pulled out of the suit because of a conflict of interest, the publication reported, citing unnamed sources. The nature of the conflict wasn’t identified.

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New York medical marijuana group changes law firms in suit vs. state is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maryland’s medical marijuana program gains steam as more licenses are approved

By Bart Schaneman

Maryland’s medical marijuana program, which has been plagued with delays since its inception in 2013, seems to be finally gaining momentum.

In a positive sign to industry watchers, the state’s Medical Cannabis Commission on Monday approved three more cultivation license holders to begin growing and licensed two processors and one testing lab.

“This is a significant step,” Debby Miran, a former Maryland MMJ commissioner and now a cannabis consultant in Baltimore, told Marijuana Business Daily. “Without getting past this step, heretofore we had one grower and no processors.”

Maryland’s medical marijuana law was first approved in 2013 and

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Maryland’s medical marijuana program gains steam as more licenses are approved is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Tennessee legislators to study medical cannabis

Two of Tennessee’s most prominent public officials are calling for the legislature to study how legalized medical marijuana might impact the state.

Only months after a MMJ bill died in the legislature, Lt. Gov. Randy McNally and House Speaker Beth Harwell are setting up the Joint Ad Hoc Committee on Medical Cannabis, The Tennessean reported.

In a letter announcing the creation of the committee, McNally and Harwell mandated that its members “study, evaluate, analyze and undertake a comprehensive review regarding whether the legalization of cannabis for medicinal purposes is in the best interest of the state.”

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Tennessee legislators to study medical cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Nevada regulators reaffirm wall between casinos, marijuana

Nevada’s gambling regulators are grappling with how to deal with the state’s latest legal vice – recreational marijuana – and they’ve made it clear that cannabis doesn’t belong in casinos.

In the first of a series of policy discussions, the Nevada Gaming Commission reiterated that as long as marijuana consumption and possession is illegal on the federal level, it will have no place in Nevada casinos.

Commissioners said the reputation of the gaming industry is at stake and there needs to be clear separation from cannabis.

They didn’t address touchy subjects involving marijuana consumption, including cannabis use in hotel rooms

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Nevada regulators reaffirm wall between casinos, marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs