MMJ Business Daily

US senator ending fight over Sessions Memo, marijuana policy

Colorado’s junior senator, Republican Cory Gardner, blinked first in a standoff with U.S. Attorney General Jeff Sessions. According to the Denver Post, Gardner said he will stop blocking judicial appointees from the Department of Justice in retal…

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Toronto craft brewer, MedReleaf team up for ‘cannabis-inspired beer’

A Toronto craft brewers has partnered with one of the largest medical cannabis companies in Canada to create a “cannabis-inspired beer” in a project that could be just the beginning of cross-industry collaboration on product development and…

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BioTrackTHC gets North Dakota’s medical marijuana tracking contract

BioTrackTHC has been awarded the contract to provide North Dakota with a seed-to-sale medical marijuana traceability program. Jeff Gonring, BioTrackTHC’s communications director, told Marijuana Business Daily the company will be paid $589,000 ove…

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Kush Bottles teams with Merida, snags $6 million investment

Kush Bottles, a California-based cannabis packaging company, has entered a partnership with a Maryland-based marijuana infrastructure fund that includes a $6 million investment. According to a news release, Merida Capital Partners’ equity investm…

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A $1 billion cannabis company? Recent deals shed light on marijuana valuations

Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion? Captor Capital certainly thinks so. In January, the firm announced it entered into a nonbinding letter of intent to purchase 3% …

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Cannabis legalization plaintiffs make case, await judge’s ruling

After a roughly three-hour-long hearing in New York on Valentine’s Day, the plaintiffs in a lawsuit attempting to legalize marijuana on a national scale in the United States will have to be patient as they wait to hear if their case will move for…

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Ontario set to lay out how it will procure marijuana for recreational sales

Licensed marijuana producers from across Canada are scheduled to sit down next week with Ontario government representatives to learn how they can get their products in provincial-owned MJ stores. With adult-use legalization in Canada looming this summe…

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Liquor titan’s CEO: Alcohol companies eyeing cannabis industry

The CEO of one of the world’s largest liquor companies says the alcohol industry is keeping close tabs on the marijuana market – with one eye on the future. “We look at it closely. The whole sector is watching it closely,” said Alexan…

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5 business points to consider in Thursday’s high-stakes CBD court case

The Hemp Industries Association and a handful of cannabis entrepreneurs are taking the U.S. Drug Enforcement Administration to court Thursday in a high-stakes case over the agency’s 2016 pronouncement that CBD is an illegal drug – the same as mar…

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Pennsylvania to launch medical marijuana sales this week

Medical marijuana dispensaries in Pennsylvania have been given the go ahead by Gov. Tom Wolf to begin sales. According to Pennlive.com, the Cresco Yeltrah dispensary will begin sales Thursday, and five other facilities will open their doors by the end …

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