The vast majority of Phoenix-area medical marijuana businesses are delinquent in their property taxes to the tune of $1.5 million, the county assessor claims.
Only 11 of the 109 MMJ companies in Maricopa County have paid their personal property tax bil…
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By Eli McVey
Women own and/or founded roughly a quarter of all businesses in the cannabis sector, according to a survey by Marijuana Business Daily, putting the industry ahead of U.S. businesses as a whole in terms of female-run firms.
Chart: Quarter o…
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Colorado Gov. John Hickenlooper has joined his counterparts in Alaska, Oregon and Washington State in defending his state’s cannabis regulatory regime and pushing back against the possibility of federal intervention by the Department of Justice.
Hickenlooper is the last of the four governors – who each received letters from U.S. Attorney General Jeff Sessions in July expressing concern about the effects of marijuana legalization – to respond to Sessions.
Hickenlooper made it clear he believes Colorado has “worked diligently to … build a comprehensive regulatory and enforcement system that prioritizes public safety and public health,” the Denver
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Colorado gov joins others in defending state MJ programs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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North Dakota’s medical marijuana regulations are only weeks from being finalized, according to a state regulator.
MMJ program director Kenan Bullinger said during an advisory meeting he expects the MMJ regulations to be finalized “within the next week or so,” the Bismarck Tribune reported. However, he cautioned, “We’re going to take the time necessary to get them right.”
Once the rules are set, they’ll have to be approved by the governor. Following that is an eight-week application period.
North Dakota’s medical cannabis program allows for two cultivation and eight dispensaries, but regulators can issue more licenses based on the
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North Dakota’s medical cannabis rules may be weeks away is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Cronos Group secured 40 million Canadian dollars ($32 million) for the continued construction of its 315,000-square-foot new Peace facility in Stayner, Ontario, which it says is the largest purpose-built indoor cannabis production facility in the world.
Cronos, based in Toronto and traded on the TSX Venture Exchange, entered into a commitment letter for CA$40 million in debt financing with Romspen Investment Corp., which will provide the funds to Cronos’ wholly owned licensed producer, Peace Naturals Project Inc.
The loan will be made available in multiple advances starting in
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Canada’s Cronos secures $32M for big indoor marijuana facility is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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A group of lawmakers from states with legal medical or recreational marijuana programs sent a letter to Attorney General Jeff Sessions challenging the Department of Justice’s move to stop researching cannabis.
According to the Denver Post, representatives Jared Polis, D-Colorado; Matt Gaetz, R-Florida; Dana Rohrabacher, R-California; and Earl Blumenauer, D-Oregon, cited a Washington Post report that the Justice Department halted plans that would have allowed more marijuana research.
The letter – first obtained by Tom Angell of MassRoots – also cited a Scientific American report that more than two dozen entities
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Lawmakers’ letter questions DOJ’s decision to halt cannabis research is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By Bart Schaneman and John Schroyer
Privateer Holdings raises $58 million for expansion of marijuana facilities, Dixie Elixirs recalls some edibles products, and Roger Stone’s role as a keynote speaker leads to boycotts of a cannabis conference.
Here’s a closer look at some notable developments in the marijuana industry over the past week.
Privateer gets boost
Privateer Holdings’ recent $58 million raise proves the Seattle-based medical marijuana firm was wise to go beyond U.S. borders, says an industry analyst.
Troy Dayton – CEO of The Arcview Group, an Oakland, California-based investment and market research firm – attributes Privateer’s
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Week in Review: Privateer’s big marijuana raise, Dixie’s edibles recall & a Roger Stone-spurred boycott is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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A licensed producer of medical cannabis in British Columbia has recalled 28 kilograms of dried marijuana it produced a year ago after an unauthorized pesticide was found in one of its samples, making it the seventh LP to recall MMJ this year.
Broken Coast Cannabis, of Ladysmith, Vancouver Island, issued the voluntary recall for three lots of dried marijuana that were produced between June and July 2016.
It’s a Type III recall, meaning affected products are unlikely to cause adverse health consequences. Health Canada said it hasn’t received any reports of adverse reactions.
Following Health Canada’s initial inspection at
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Vancouver Island marijuana grower issues recall is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Denver regulators are accepting applications from businesses seeking to become some of the nation’s first to offer legal public marijuana consumption.
Denver voters approved a ballot measure in November allowing cannabis consumption at certain public businesses. The four-year pilot program was delayed, however, after the state banned marijuana use at places with liquor licenses.
Though the city started accepting applications Thursday, public marijuana consumption isn’t imminent.
The application process is extensive, including inspections by several Denver agencies. City rules require a public hearing within 30 days of an application.
Because of the state’s regulations, public marijuana consumption is
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Public cannabis consumption in Denver moves a step closer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Marijuana-centric private equity company Privateer Holdings – coming off a $122 million funding year – has increased its coffers with a significant raise of $58 million.
The Seattle-based company’s recent Series B raise is a combination of equity and a convertible note, GeekWire reported.
In 2016, Privateer became the first marijuana company to raise more than $100 million, and its latest funding brings the seven-year-old firm’s total to $180 million.
Privateer owns U.S. cannabis companies Leafly and Marley Natural as well as Canadian medical marijuana licensed producer Tilray. Tilray recently said it will
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Privateer raises $58 million to boost marijuana expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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