MMJ Business Daily

Canadian execs: What you need to know before taking your cannabis business global

By Matt Lamers

There’s no denying the massive potential of the global medical marijuana market: A recent report pegged it at 180 billion Canadian dollars ($142 billion) over the next 15 years.

But going overseas is fraught with pitfalls, barriers and red tape. Canadian MMJ businesses, however, are export pioneers and can offer valuable guidance.

Canadian execs: What you need to know before taking your cannabis business global is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Judge invokes Rohrabacher-Farr in federal marijuana case

At a time when the Department of Justice is trying to get Congress to pull the plug on the Rohrabacher-Farr Amendment, a U.S. District Court recently used the marijuana safeguard in a federal cannabis case.

U.S. District Judge Richard Seeborg in San Francisco told federal prosecutors they couldn’t continue proceedings against two cannabis cultivators in Humboldt County, California, because the growers were protected by the state’s MMJ laws, the San Francisco Chronicle reported.

The judgment is the “first known ruling of its kind,” according to the newspaper.

The two Northern California growers were looking

…

Judge invokes Rohrabacher-Farr in federal marijuana case is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Quebec to consult public on recreational cannabis legalization

After consulting experts on the production, distribution and sale of recreational marijuana, Quebec is asking the public to weigh in on a range of issues that will guide Canada’s second-largest province in developing MJ legislation to be offered this fall.

From Aug. 21 to Sept. 12, the public is invited to submit feedback by filing a written document or completing an online questionnaire.

Most of Canada’s provinces and territories are in various stages of public consultations that could have a major impact on the regulatory framework that governs recreational marijuana in the country, which is anticipated to be

…

Quebec to consult public on recreational cannabis legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Quebec to consult public on recreational cannabis legalization

After consulting experts on the production, distribution and sale of recreational marijuana, Quebec is asking the public to weigh in on a range of issues that will guide Canada’s second-largest province in developing MJ legislation to be offered this fall.

From Aug. 21 to Sept. 12, the public is invited to submit feedback by filing a written document or completing an online questionnaire.

Most of Canada’s provinces and territories are in various stages of public consultations that could have a major impact on the regulatory framework that governs recreational marijuana in the country, which is anticipated to be

…

Quebec to consult public on recreational cannabis legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Recent New York medical marijuana licensee agrees to sale

A company that just this month won a license to grow and sell medical marijuana in New York is about to change ownership.

Citiva Medical – one of five companies to receive MMJ licenses in early August – is in the process of being acquired by iAnthus Capital Holdings, the Albany Times-Union reported.

The acquisition must be approved by New York regulators and the Canadian Securities Exchange (CSE), according to the newspaper.

CSE approval is needed because iAnthus – which has offices in New York and Toronto – trades on that exchange under the

Recent New York medical marijuana licensee agrees to sale is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maryland greenlights eight medical cannabis cultivators

Maryland regulators have approved eight more companies for medical cannabis cultivation permits, bringing to nine the number of companies allowed  to grow MMJ in the state.

ForwardGro was the first licensee given final approval, in May.

Meanwhile, 15 total cultivation license winners faced a Monday deadline to have their grows up and running, meaning the six that haven’t gotten the final go-ahead could lose their licenses, The Baltimore Sun reported.

Two of the six applicants underwent final inspections on Monday, while the fate of four others that had won preapproval from the Maryland Medical Cannabis Commission “was

…

Maryland greenlights eight medical cannabis cultivators is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana industry may be tiring of playing the ‘strain name game’

By Omar Sacirbey

Many marijuana businesses sell goods based on strain names, but those days could be coming to an end.

More industry participants seemingly are starting to view strain names as unreliable indicators of a plant’s genetics and what types of cannabinoids are actually present in marijuana products.

According to industry observers, maturing marijuana businesses and more sophisticated consumers are seeking more exacting information than popular strain names.

Julianna Carella – CEO of Auntie Dolores edibles in Oakland, California – said she avoids strain names in deference to cannabinoid profiles.

“We tend to shy away from

…

Marijuana industry may be tiring of playing the ‘strain name game’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian exports of medical marijuana soar as producers seek overseas toehold

By Matt Lamers
Canadian medical cannabis exports are surging, driven by licensed producers that are using overseas shipments as a way to establish local partnerships and gain a foothold in foreign markets.
In particular, exports of dried medical mariju…

Research pioneer Israel approves exporting medical marijuana

Israel has approved the export of medical marijuana, and some 500 growers have applied for licenses to ship MMJ to other countries.

In approving MMJ exports, a committee of representatives from the finance and health ministries estimated that Israel’s economic potential from medical cannabis exports could reach 1 billion shekels to 4 billion shekels a year ($279 million-$1.1 billion), The Jerusalem Post reported.

All common forms of medical cannabis will be eligible for export under the committee’s plan.

The Post reported that the committee recommended the following restrictions for Israel’s export program:

• It will

…

Research pioneer Israel approves exporting medical marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Hawaii dispensaries run out of medical cannabis after a few days

Hawaii’s two medical marijuana dispensaries are out of product just days after opening.

Maui Grown Therapies and Aloha Green, on Oahu, can’t move flower quickly enough through the state’s testing bottleneck, and with 17,000 registered patients waiting for medical cannabis, demand has quickly outpaced supply.

Maui Grown Therapies sold out of its supply on Saturday, just five days after becoming the first dispensary to open in Hawaii.

Aloha Green sold out of its initial stock three days after beginning operations. The company said in a news release it had three times the expected number

…

Hawaii dispensaries run out of medical cannabis after a few days is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs