MMJ Business Daily

Canadian cannabis businesses join forces to craft marketing rules

Sixteen Canadian marijuana businesses are banding together and have secured the help of the country’s advertising board to develop rules for how cannabis can be branded and promoted before adult-use sales begin next year.

The Financial Post reported that the licensed businesses have enlisted the help of Advertising Standards Canada to draft the guidelines as part of efforts to lobby the government. The industry is pushing for the right to brand and promote its own products.

The business owners are acting in response to a federal task force that recommended marijuana products only include a

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Canadian cannabis businesses join forces to craft marketing rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart: Number of customers served per day by recreational marijuana stores and MMJ dispensaries

By Eli McVey

Medical marijuana dispensaries and recreational stores serve, on average, approximately 100 customers per day, according to data in the newly released Marijuana Business Factbook 2017.

But this figure can vary widely based on the market each retailer serves and a state’s level of regulation.

Retailers that serve the recreational market – either exclusively or in addition to the medical market – have a larger potential customer base, leading to a higher number of customers.

Retailers in markets lacking statewide regulatory systems as of early 2017 – including California, Michigan and Montana – served about

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Chart: Number of customers served per day by recreational marijuana stores and MMJ dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

San Diego marijuana firms object to new regulatory proposals

San Diego cannabis business executives are criticizing newly proposed cultivation, manufacturing and testing rules that the City Council put forward last week, saying they are overly strict.

The executives singled out a proposed cap that would limit the number of grow and manufacturing companies to 18 in the city, the San Diego Union-Tribune reported.

Also, each of San Diego’s nine City Council districts would have its own cap of two cultivation and manufacturing businesses.

Critics said the cap would undermine the city’s goal of producing its own cannabis supply, and could trigger a product shortage, the paper

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San Diego marijuana firms object to new regulatory proposals is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian cannabis grower to trade on Toronto Stock Exchange

Aurora Cannabis Inc. will become the fifth marijuana company on the Toronto Stock Exchange when its shares begin trading there Monday, the latest sign that Canadian MJ businesses are joining the mainstream.

Vancouver-based Aurora joins Aphria, Canopy Growth, CanniMed Therapeutics and MedReleaf on the TSX, Canada’s largest exchange. The five companies have a combined market capitalization of over 4 billion Canadian dollars ($3.2 billion). 

Aurora – whose Aurora Cannabis Enterprises subsidiary

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Canadian cannabis grower to trade on Toronto Stock Exchange is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Washington state’s marijuana advertising rules commence

Advertising will become even more difficult for marijuana businesses in Washington state this weekend when new restrictions take effect.

Starting Sunday, cannabis businesses statewide must start following advertising rules primarily intended to protect children from marijuana, TV station King 5 reported.

The law mandates that marijuana signage must clearly denote that MJ products are for people 21 and older, and can’t contain images of cannabis plants or movie or cartoon characters, according to King 5.

Marijuana businesses are allowed to attach a maximum of two outdoor signs to a building or other structure, the Seattle station

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Washington state’s marijuana advertising rules commence is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: Canadian premiers mull recreational marijuana delay, Uruguay begins adult-use sales & Hawaii’s MMJ still on hold

By Matt Lamers, John Schroyer and Bart Schaneman

Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Rec delay in Canada?

An executive for one of Canada’s biggest marijuana producers isn’t losing sleep over talk by provincial premiers that they may seek a delay in the rollout of legal adult-use cannabis beyond the federal government’s target date of July 2018.

In

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Week in Review: Canadian premiers mull recreational marijuana delay, Uruguay begins adult-use sales & Hawaii’s MMJ still on hold is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Federal agents meet with Colorado officials on cannabis policy

Four federal agents visited Colorado this week to meet with public officials about the state’s marijuana policy and oversight.

The delegation included representatives from the U.S. Department of Justice, the Office of National Drug Control Policy, the Domestic Policy Council and the State Department, the Denver Post reported.

The group sat with “nearly two dozen state officials for a 2½-hour meeting” Tuesday regarding the state’s MJ system.

“Our purpose was to convey to them the strength of our regulatory system and our enforcement system and our policies and practices,” Mark Bolton, Gov. John Hickenlooper’s marijuana adviser, told

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Federal agents meet with Colorado officials on cannabis policy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California seeks to avoid recreational marijuana shortage

California is taking steps to prevent a product shortfall when the state’s recreational marijuana program launches Jan. 2.

The state plans to provide temporary, four-month licenses to some marijuana growers, testing labs and distributors to ensure there will be enough product to keep retailers supplied, the Los Angeles Times reported.

California’s decision was prompted by a supply shortage in Nevada after the state launched its recreational program July 1.

Nevada’s shortfall stemmed from a dispute over distribution of adult-use cannabis and resulted in higher wholesale prices and a negative impact on the state’s

California seeks to avoid recreational marijuana shortage is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian provinces may seek delay in recreational cannabis rollout

Canada’s premiers said they will request more time to launch their recreational marijuana industries if the federal government doesn’t address several outstanding issues this year – including concerns over supply and the black market.

The move threatens to derail the timing of Canada’s plans to launch a recreational cannabis industry next summer, which could create challenges for businesses and entrepreneurs hoping to capitalize on the new market.

But Prime Minister Justin Trudeau told reporters immediately after the premiers released their statement Wednesday that the country will stick to its initial timeline.

The federal government also recently revealed it has a

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Canadian provinces may seek delay in recreational cannabis rollout is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Raid on Los Angeles marijuana grow has Teamsters up in arms

A raid by local police on a marijuana cultivation facility in Los Angeles has a chapter of the International Brotherhood of Teamsters crying foul.

A spokeswoman for Teamsters Joint Council 42 called the raid on THC Design “ridiculous,” according to a news release.

THC Design runs three cultivation operations in the L.A. area, according to the release, and has been raided twice since April.

In the latest raid, law enforcement agents seized cannabis plants based on an allegation the company was stealing power to fuel the grow. The raid resulted in a $2 million loss for THC

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Raid on Los Angeles marijuana grow has Teamsters up in arms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs