MMJ Business Daily

New York poised to add PTSD to MMJ qualifying conditions

New York’s five medical cannabis licensees are a signature away from being able to serve patients that suffer from post-traumatic stress disorder (PTSD).

The state legislature on Tuesday gave final approval to a bill that would add PTSD to the qualifying conditions list for medical marijuana in the state. The bill heads now to Gov. Andrew Cuomo, “where its fate is uncertain,” the New York Daily News reported.

Marijuana Policy Project lauded the move, saying that “state lawmakers are standing up for thousands of New Yorkers” that have been diagnosed with the ailment.

New York

…

New York poised to add PTSD to MMJ qualifying conditions is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

South Carolina prepares to launch nation’s latest hemp program

By Margaret Jackson

South Carolina is gearing up to become the latest state to allow hemp cultivation, a move that’s expected to create opportunities for farmers, makers of hemp-based products and ancillary companies offering goods and services to those growing and processing the plant.

The South Carolina Department of Agriculture is drafting the application and regulations governing farmers who want to grow and sell hemp under a pilot program aimed at developing new markets for the plant. The program stems from a bill signed into law in May, with the new rules set to take effect

…

South Carolina prepares to launch nation’s latest hemp program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Nevada judge halts licensing for adult-use cannabis distribution

Recreational marijuana sales in Nevada may not begin next month after all.
A judge on Tuesday extended a temporary order that prevents the state from issuing distribution licenses to existing medical marijuana dispensaries so they can begin recreationa…

Pennsylvania issues medical marijuana licenses to 12 growers 

Pennsylvania State Health Department officials on Tuesday selected 12 business owners to grow and process medical marijuana, a landmark in the development of the state’s MMJ program.

The agency granted MMJ cultivator licenses to firms scattered across the state, according to PennLive.com:

• Prime Wellness of Pennsylvania (Berks County)
• Franklin Labs (Berks)
• Pennsylvania Medical Solutions (Lackawanna)
• Standard Farms (Luzerne)
• Ilera Healthcare (Fulton)
• AES Compassionate Care (Franklin)
• Terrapin Investment Fund 1 (Clinton)
• GTI Pennsylvania (Montour)
• AGRiMED Industries of PA (Greene)
• PurePenn (Allegheny)
• Holistic Farms (Lawrence)
• Cresco Yeltrah (Jefferson)

Pennsylvania’s regulations don’t include a residency

…

Pennsylvania issues medical marijuana licenses to 12 growers  is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Australian medical cannabis firm targets Balkans

A medical cannabis company in Perth, Australia, has signed a distribution agreement with a Slovenian company to expand the MMJ market in Europe.

Under the deal, Australia-based MGC Pharmaceuticals will grow and process cannabis at its cultivation and extraction sites in Europe and then wholesale the products to Mikro+Polo, according to the Business News of Western Australia. In turn, Mikro – based in Maribor, Slovenia – will distribute MGC’s medical cannabis products in Slovenia, Croatia and

…

Australian medical cannabis firm targets Balkans is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arkansas medical marijuana business licenses available

Applications are now available for those who want to start medical marijuana businesses in Arkansas.

The state’s Medical Marijuana Commission on Monday posted the applications for licenses to operate MMJ cultivation facilities and dispensaries. Applications are expected to be accepted from June 30 until Sept. 18.

The commission has said it will issue 32 licenses for dispensaries and five for cultivation facilities. Regulators will score the applications on a 100-point basis covering five sections and will award them after Sept. 18. A state official estimated medical cannabis sales could start before January

…

Arkansas medical marijuana business licenses available is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MJ Freeway experiences second security breach in 2017, calls it ‘a theft’

By John Schroyer

Denver-based MJ Freeway, one of the more prominent software firms in the cannabis sector, has suffered a cybersecurity breach for the second time in six months.

Some source code information was “posted illegally” online last week, an action MJ Freeway says is “a theft” but “won’t impact our customers’ or patients’ data.”

Thursday’s breach follows a hacking incident in early January that resulted in a major crash of MJ Freeway’s point-of-sale system, which is used by hundreds of marijuana retailers across the country.

Though MJ Freeway’s source code information was taken down Monday,

…

MJ Freeway experiences second security breach in 2017, calls it ‘a theft’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MJ Freeway experiences second security breach in 2017, calls it ‘a theft’

By John Schroyer

Denver-based MJ Freeway, one of the more prominent software firms in the cannabis sector, has suffered a cybersecurity breach for the second time in six months.

Some source code information was “posted illegally” online last week, an action MJ Freeway says is “a theft” but “won’t impact our customers’ or patients’ data.”

Thursday’s breach follows a hacking incident in early January that resulted in a major crash of MJ Freeway’s point-of-sale system, which is used by hundreds of marijuana retailers across the country.

Though MJ Freeway’s source code information was taken down Monday,

…

MJ Freeway experiences second security breach in 2017, calls it ‘a theft’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Report: Tainted cannabis still evading Oregon testing process

Despite strict efforts by Oregon regulators to keep pesticide-tainted marijuana from reaching store shelves, some contaminated cannabis is still slipping past the state’s testing labs.

The Oregonian, the state’s largest newspaper, recently conducted a study to determine the success of Oregon’s testing program in halting the sale of tainted marijuana.

The newspaper purchased a small sample of cannabis extracts from Portland marijuana stores and took the samples to two labs for two rounds of testing. In the first round, three of the 10 products contained higher levels of pesticide than the state allows. But when the samples

…

Report: Tainted cannabis still evading Oregon testing process is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Vegas MMJ grower begins trading on Canadian Stock Exchange

A Canadian company that owns a medical marijuana cultivator and CBD company in Las Vegas has started trading on the Canadian Stock Exchange, a move that could make it easier for other U.S. plant-touching companies to list in Canada.

Friday Night Inc., which trades under the ticker symbol TGIF, opened Friday at 28 Canadian cents per share. It hit 40 cents per share before finishing the day at 32.5. On Monday, the company was trading between 32 cents and 35 cents per share.

Vancouver, British Columbia-based Friday Night Inc.’s listing follows its acquisition of

…

Vegas MMJ grower begins trading on Canadian Stock Exchange is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs