MMJ Business Daily

Arkansas judge blocks state from licensing medical cannabis growers

An Arkansas judge has temporarily blocked the state from issuing licenses to five companies to grow medical marijuana in response to complaints about the state’s process for reviewing applications for the facilities. Pulaski County Circuit Judge …

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Is your cannabis business prepared for greater scrutiny from the feds in the post-Cole Memo era?

After Attorney General Jeff Sessions ripped up the Cole Memo and gave U.S. attorneys greater leeway to prosecute marijuana businesses, many industry executives and experts wondered whether the days of the federal government leaving legal cannabis alone…

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Rapper Snoop Dogg’s marijuana-related venture firm raises $45 million

The venture capital firm founded by rapper Snoop Dogg to invest in ancillary cannabis companies has closed its inaugural fund after securing $45 million from investors, making it one of the larger raises in the marijuana industry. Casa Verde Capital, b…

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Canada’s medical cannabis cultivation applications reach new highs, nearing 500

The number of applicants to cultivate medical cannabis in Canada has grown to a record number. But the number of “fully licensed” companies – those permitted to cultivate and sell dried cannabis, as well as produce and sell cannabis oils – …

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Greece looks to draw billion-dollar investments after legalizing medical marijuana

After the Greek parliament approved a law for the cultivation and sale of medical cannabis this month, five international companies already have expressed interest in pumping over 1 billion euros ($1.2 billion) into the country’s burgeoning sector. How…

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Tiny Lesotho looks to become African staging ground for medical marijuana businesses

A landlocked nation in southern Africa is on the cusp of opening major medical cannabis opportunities both domestically and internationally, provided government and businesses overcome near-term obstacles. The opportunity for Lesotho’s economy is…

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Tiny Lesotho looks to become African staging ground for medical marijuana businesses

A landlocked nation in southern Africa is on the cusp of opening major medical cannabis opportunities both domestically and internationally, provided government and businesses overcome near-term obstacles. The opportunity for Lesotho’s economy is…

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New opposition leader may overturn Ontario’s cannabis monopoly

The new leader of Ontario’s opposition party, the Progressive Conservatives, will consider giving the free market a greater role in recreational marijuana sales if he wins the June 7 provincial election. Such a move would be a major boon for entr…

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Canada’s CannTrust becomes latest to invest in Danish medical cannabis market

A Canadian medical marijuana grower is launching a joint venture in Denmark with its eye on meeting MMJ demand throughout Europe, becoming the latest Canadian cultivator to establish a presence in the Scandinavian country. Ontario-based CannTrust Holdi…

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Arkansas’ 5 medical marijuana license winners face challenges over winning bids

Arkansas regulators are receiving challenges in response to their licensing of the state’s first medical marijuana growers. Challenges of this type filed by unsuccessful applicants are a common occurrence in the industry after a state rolls out i…

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