Two opponents of medical marijuana legalization have been appointed to a new Ohio medical marijuana advisory committee, raising concerns among MMJ advocates that the panel may be biased.
Both new members are top officials with the Drug Free Action Alli…
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A South Australian medical marijuana cultivation company has been created and the State Government there is showing strong support for the industry ahead of the nation’s plans to legalize MMJ this fall.
The co-founder of Australia Cannabis Corporation told InDaily he met with South Australia representatives and they gave him the approval he needs to apply for a federal license to cultivate medical marijuana in the state.
A South Australia government spokesperson told InDaily the government “welcomes the development of a medical cannabis industry, including research and development.”
The Australian Office of Drug Control released licensing and permitting guidelines
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South Australia government backs medical marijuana industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Cannabis-centric social media site MassRoots received $1.1 million in funding on Friday, mostly from new investors, and disclosed it slashed the salaries of its top executives to cut costs.
MassRoots’ founder and CEO, Isaac Dietrich, led the latest funding round, with former MyPoints.com CEO Steve Markowitz also among the contributors. The announcement came as the company closed on $3.2 million in equity financing under an offering that was launched in August.
Dietrich said in a news release he expects the funds to make the Denver company “cash-flow positive” and allow it to scale up to reach a larger audience.
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MassRoots receives $1.1 million in new funding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Maryland’s governor has appointed a new patient advocate to the state’s 16-member medical cannabis board.
The move comes amid criticism that Maryland’s Medical Cannabis Commission failed to consider racial diversity when it awarded its first batch of grower licenses in August, the Washington Post reported.
Maryland Gov. Larry Hogan appointed Saundra Washington, an African-American cancer survivor and director of a nonprofit that assists people in need.
The commission issued 15 cultivation licenses this summer, none to African-American companies. That triggered a lawsuit alleging the commission broke its own rules during the selection process.
The commission has since said it would
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MD appoints new medical marijuana regulator is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Maryland’s governor has appointed a new patient advocate to the state’s 16-member medical cannabis board.
The move comes amid criticism that Maryland’s Medical Cannabis Commission failed to consider racial diversity when it awarded its first batch of grower licenses in August, the Washington Post reported.
Maryland Gov. Larry Hogan appointed Saundra Washington, an African-American cancer survivor and director of a nonprofit that assists people in need.
The commission issued 15 cultivation licenses this summer, none to African-American companies. That triggered a lawsuit alleging the commission broke its own rules during the selection process.
The commission has since said it would
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MD appoints new medical marijuana regulator is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By Eli McVey
The marijuana industry has been in a perpetual struggle to shake the “stoner” stereotype many hold of its consumers, and the businesses that comprise the industry are leading the charge against it.
An analysis of 3,318 state-licensed cannabis companies listed in the Marijuana Business License Directory shows that wellness-oriented words such as “organic” or “herbal” appear far more frequently in business names than slang terms such as “ganja,” “420” and “pot.”
The relatively minimal use of slang exemplifies the industry’s emergence from the black market into the mainstream, a push to ease the stigma surrounding
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Chart: What’s in a cannabis company name? Not as much slang is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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The city of San Diego has launched a campaign to crack down on illegal medical marijuana dispensaries and is asking residents to purchase MMJ only from licensed shops, a sign that authorities are trying to rein in the local black market.
The “Buy Safe, Buy Legal” campaign was launched Thursday through a partnership of the United Medical Marijuana Coalition (UMMC) and City Attorney Jan Goldsmith, according to NBCSanDiego.com.
The City Attorney’s office has shut down about 300 unlicensed dispensaries, but some have refused to close. Consequently, the city obtained search warrants for 12 dispensaries that refused to shutter themselves. Nine dispensary
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San Diego cracking down on illegal marijuana dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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MassRoots, the publicly traded cannabis-centric social media site, said Friday it has repaid its creditors after disclosing last month it had missed nearly $1 million in payments that were due to holders of its convertible notes.
“We’re excited to have this debt fully repaid and behind us. We expect MassRoots will be cash-flow positive on a monthly basis by the end of the year,” MassRoots CEO Isaac Dietrich said in a news release filed with the Securities and Exchange Commission.
The Denver company said last month it had missed some $966,000 in payments due on six-month convertible
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MassRoots pays off March debt of nearly $1M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By Omar Sacirbey, Bart Schaneman and John Schroyer
The U.S. Drug Enforcement Administration has zero takers for medical marijuana-related research, Massachusetts dispensary NIMBYism could hit any rec legalization plans, and Oklahoma MMJ advocates want a 2017 vote.
Here’s a closer look at some notable developments in the marijuana industry over the past week.
MMJ research? Not just yet
The possibility of more medical research into cannabis took another step forward when the University of Pittsburgh’s School of Medicine began advertising that it’s looking for partners to collaborate on cannabis-related studies.
At least three other major institutions
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Week in Review: No takers for DEA cannabis research, MA NIMBYism, Oklahoma legalization vote is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Supporters of the campaign to legalize recreational marijuana in Maine have overwhelmed their opponents in fundraising.
Backers of Question 1, as the legalization initiative is called, have raised $1.3 million this year, more than 26 times the opposition, according to the Portland Press Herald.
The legalization effort has attracted contributions from some heavy hitters.
The Campaign to Regulate Marijuana Like Alcohol, the group pushing Question 1, reported raising $904,145 in cash contributions during the reporting period ended Wednesday, according to the newspaper.
Traveler writer and TV host Rick Steves has kicked in $50,000 to the pro-legalization effort.
Question 1 calls
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Maine rec cannabis legalization backers outspend opponents 26-1 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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