MMJ Business Daily

Alaska spikes plan for cannabis use at rec stores

In what was described as a “surprise” move by at least one local report, Alaska’s Marijuana Control Board on Thursday night jettisoned a proposal that would have allowed cannabis consumption at recreational marijuana retail shops.

The 3-2 vote to abandon the plan reflected fears that Jeff Sessions, President Trump’s choice for U.S. attorney general, could crack down on legalized recreational marijuana programs, the Alaska Dispatch News reported. Sessions has been an outspoken critic of marijuana use.

If the proposal had gone through, Alaska would have been the first state in the nation to allow public consumption

…

Alaska spikes plan for cannabis use at rec stores is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arizona medical marijuana dispensary issues voluntary recall

Flourish Cannabis, based in Mesa, Arizona, has issued a voluntarily recall for some of its edible products, saying the problem was related to how they were packaged.

Health officials in Coconino County, however, said the recall occurred because the products weren’t tested for pathogens.

The recall was issued for the company’s marinara pasta sauce, hot sauce, honey dijon mustard and Sriracha ketchup, according to the Arizona Republic.

According to Flourish’s owner, Peyton Curry, the recall was issued because the packaging didn’t meet county requirements. He also said county health officials had visited his business and noticed the

…

Arizona medical marijuana dispensary issues voluntary recall is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: Canadian exports, district attorneys policy group & dispensary lawsuits

By Omar Sacirbey, John Schroyer and Bart Schaneman

A Canadian medical marijuana company brokers another export deal, the nation’s district attorneys form a group to possibly recommend national cannabis policies, and Southern California dispensaries sue their unlicensed counterparts.

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

Canada builds its export lead

Tilray, a federally licensed MMJ grower in Canada, has inked another export deal, this time with Alef Biotechnology SpA, a cannabis company licensed by the Chilean government.

While the accord is another milestone in the emergence of a global marijuana

…

Week in Review: Canadian exports, district attorneys policy group & dispensary lawsuits is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Hawaii dispensaries approved to begin growing cannabis

The Hawaii Department of Health has given two dispensary operators the go-ahead to start growing medical marijuana, putting the state’s MMJ industry on track to start selling products in stores within a matter of months.

On Wednesday, Maui Wellness Group and Oahu’s Aloha Green Holdings became the first businesses in the Aloha State to receive permission to start cultivating, Pacific Business News reported.

Aloha Green Holdings expects to have MMJ available for sale in three to found months, according to Pacific Business News.

Hawaii has eight vertically integrated license holders statewide. Each can own two dispensaries and two

…

Hawaii dispensaries approved to begin growing cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Investors can buy and sell WEED on Toronto Stock Exchange

Investors can now buy and sell WEED on the Toronto Stock Exchange after Canopy Growth Corp., a major federally licensed cannabis cultivator in Smith Falls, Ontario, changed its ticker symbol to the new, slangy version.

The move comes after the company made history last summer when it became the first marijuana cultivator to list on a major North American exchange.

Canopy announced its switchover from ticker symbol CGC on Wednesday and rang in its new era that morning by opening the TSX’s daily trading session.

Bruce Linton, the company’s CEO, said in a statement the name change

…

Investors can buy and sell WEED on Toronto Stock Exchange is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Tilray to begin exporting MMJ from Canada to Chile

One of Canada’s 38 licensed medical cannabis producers said it will begin exporting MMJ products to Chile starting this month.

Tilray, a subsidiary of Seattle-based Privateer Holdings, is teaming up with Alef Biotechnology SpA on the export deal, according to a news release.

Based in Nanaimo, British Columbia, Tilray estimates the potential MMJ patient base in Chile is roughly 88,000.

Tilray’s products are expected to start arriving in Chile by the end of February and will be distributed via pharmacies and hospitals in Santiago, Chile’s capital city.

The announcement Wednesday “marks Tilray’s entrance into Latin America and

…

Tilray to begin exporting MMJ from Canada to Chile is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Market: Hawaii’s MMJ industry to benefit from readily available patient pool

By Bart Schaneman

A well-established patient pool should allow Hawaii’s eight licensed medical marijuana dispensaries to hit the ground running – once they harvest and process their first crop of cannabis, which is expected this year.

New Market: Hawaii’s MMJ industry to benefit from readily available patient pool is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana extraction firm faces $9 million suit for role in blast

An $8.9 million lawsuit filed by an Oregon construction worker who was badly burned in a butane hash oil processing explosion highlights the personal and financial risks faced by marijuana extraction companies – especially those that perform solvent-based extraction – and the need for industry safety standards.

Jacob Magley is suing Higher Level Concentrates, a cannabis processing company in Astoria, Oregon, as well as 10 other businesses and three individuals for violating workplace safety laws that led to the October blast that put the 34-year-old man in a burn unit for a month, The Daily Astorian reported.

…

Marijuana extraction firm faces $9 million suit for role in blast is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MN medical cannabis regulator seeks additional $500,000

Minnesota’s medical marijuana regulatory agency said it needs more money to fund the operation of a patient database and the inspection of the state’s two MMJ drug manufacturers.

The Office of Medical Cannabis is requesting $500,000 in additional funds over the next two years, underscoring the financial squeeze regulators face in overseeing one of the more heavily restricted MMJ industries nationwide, the Minneapolis Star Tribune reported.

The funding request comes on top of the $1.4 million a year the state kicks in to help cover operating costs, according to the newspaper.

State regulators say they

…

MN medical cannabis regulator seeks additional $500,000 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian company partners with AZ medical cannabis dispensaries

In what is a possible international first, a Canadian company has announced it will operate a pair of dispensaries in Arizona through a recently acquired management firm.

The deal, which cost the Canadian Bioceutical Corporation $27 million dollars (CA$35.5 million), also gives the the company ownership of a natural health products company, CGX Life Sciences, as a subsidiary, as well as the rights to license intellectual property from Melting Point Extracts, another Arizona-based medical marijuana company.

The Canadian corporation, which trades on the over-the-counter market under the ticker symbol CBICF, will manage two dispensaries that operate under the brand Health

…

Canadian company partners with AZ medical cannabis dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs