MMJ Business Daily

L.A. crackdown: 105 unlicensed cannabis firms, 500-plus people targeted

Los Angeles prosecutors have filed misdemeanor charges against 515 people in a clampdown on 105 illegal marijuana businesses in the city – a move that could benefit legal MJ companies by helping to eliminate black-market rivals. The businesses ta…

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Nevada marijuana business faces flurry of financial fraud suits

CWNevada, one of Nevada’s largest cannabis companies, has been sued for alleged fraud, failure to repay millions of dollars to its lenders and misusing intellectual property. “While local and national media outlets report on the unprecedented suc…

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FL cannabis lobbyist turned political candidate sees second bank account shut

A second bank has terminated the campaign account of Nikki Fried, a pro-medical marijuana Democrat who is running to become Florida’s agriculture commissioner. Fried said the bank, BB&T of Winston-Salem, North Carolina, took the step because …

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Former North Dakota AG leads new group opposing legalized marijuana

As North Dakota voters look to decide whether to approve adult-use cannabis in the state’s November general election, opposition is mounting. Former North Dakota Attorney General Bob Wefald is reportedly leading a statewide campaign against Measu…

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Former North Dakota AG leads new group opposing legalized marijuana

As North Dakota voters look to decide whether to approve adult-use cannabis in the state’s November general election, opposition is mounting. Former North Dakota Attorney General Bob Wefald is reportedly leading a statewide campaign against Measu…

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US cannabis listings in Canada rise as investor interest spikes

A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United States, are being lured by Canada’s cannabis-friendly…

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US cannabis listings in Canada rise as investor interest spikes

A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United States, are being lured by Canada’s cannabis-friendly…

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MedMen inks CA$75M equity financing deal to expand US cannabis operations

Los Angeles-based MedMen Enterprises says it expects to raise up to 75 million Canadian dollars ($57 million) in a bought-deal equity financing plan, with the proceeds to be used to expand its U.S. retail footprint. Here’s a rundown of the deal: …

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MedMen inks CA$75M equity financing deal to expand US cannabis operations

Los Angeles-based MedMen Enterprises says it expects to raise up to 75 million Canadian dollars ($57 million) in a bought-deal equity financing plan, with the proceeds to be used to expand its U.S. retail footprint. Here’s a rundown of the deal: …

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Week in Review: Long wait for Oregon rec cannabis permits, OK docs told no MMJ & New Jersey deluged by applicants

New recreational cannabis applicants in Oregon have to wait at least a year for a license, many Oklahoma doctors are told not to recommend medical marijuana, and New Jersey receives a flood of applications for MMJ licenses. Here’s a closer look at some…

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