MMJ Business Daily

New CO Edibles Rules: Major Cost for Producers, ‘Blip on the Radar’ for Others

By John Schroyer

New labeling rules that take effect Oct. 1 for marijuana edibles produced in Colorado have been a huge expense for many infused products manufacturers – and may cause headaches for retailers, too.

Edibles companies have spent upwards of six figures to retool manufacturing equipment, retrain employees and pay for new packaging. 

Retailers, meanwhile, could be left with unsold inventory that doesn’t meet the new standards, which apply to both recreational and medical products.

Any unsold inventory could prove a boon for consumers, with retailers forced to unload edibles at steep discounts at the end of November. That could have

…

New CO Edibles Rules: Major Cost for Producers, ‘Blip on the Radar’ for Others is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New MA Poll Shows Rec Marijuana Winning

A new poll in Massachusetts shows 53% of state voters support a ballot measure to legalize recreational marijuana, with 40% opposed and 7% undecided.

The poll is the second in less than three weeks to show Massachusetts voters supporting the recreational marijuana legalization ballot measure, which they will decide on Nov. 8. That’s a dramatic shift from previous polls just a few months ago that showed voters split over the measure or rejecting it.

The measure received majority support from every demographic group except voters who were older than 55 and described themselves

…

New MA Poll Shows Rec Marijuana Winning is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New Hampshire Dealing With MMJ Patient Backlog

New Hampshire’s newly-launched medical marijuana industry could probably use some more patient customers. And they may be coming, but not right away as the state tries to handle a backlog of MMJ patient applications that haven’t yet been fully processed.

The New Hampshire Department of Health and Human Services has issued MMJ cards to 1,339 patients since December, the Concord Monitor reported. But even more have been waiting longer than the legal 20 days to receive their cards since handing in their applications.

At least 100 patients have not yet received their cards, the paper reported, and

…

New Hampshire Dealing With MMJ Patient Backlog is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Florida CBD Industry Off to a Slow Start, Eyes November

By Omar Sacirbey

Florida’s fledgling CBD market has just launched but is proceeding at a snail’s pace, with the handful of operators hoping voters will approve a full-fledged medical marijuana program this fall.

For now, the current crop of CBD operators are hedging their bets on expanding their businesses ahead of the Nov. 8 election. 

“People are gearing up to pull the trigger on expansion plans after the November vote,” Jeff Sharkey, executive director of the Medical Marijuana Business Association of Florida, said. But, he added: “Nobody wants to spend money on infrastructure until we know for sure what happens.”

…

Florida CBD Industry Off to a Slow Start, Eyes November is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Poll: Arkansas Voters Favor One MMJ Measure Over the Other

Arkansas could be one of three new states to legalize medical cannabis this November, and according to a new poll one of the two ballot initiatives that would do so is much more popular with voters.

An ABC affiliate reported that the Arkansas Medical Marijuana Amendment, which is supported by Arkansans United for Medical Marijuana, is backed by 49% of voters, with 43% opposing it and 8% unsure, according to the latest Talk Business & Politics-Hendrix College Survey.

Meanwhile, only 36% of voters support the rival measure, the Arkansas Medical Cannabis Act, while 53% oppose the initiative and 11%

…

Poll: Arkansas Voters Favor One MMJ Measure Over the Other is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

GW Pharma’s Latest Clinical Trial Successful, Stock Soars

British cannabis company GW Pharmaceuticals has conducted a successful clinical trial in which it treated epileptic children with one of its marijuana-based drugs, triggering a surge in the company’s stock price.

According to Reuters, tested doses of GW Pharmaceutical’s drug Epidiolex “were found to have induced a statistically significant improvement in reducing seizures” in patients with a particular type of epilepsy during phase III clinical trials.

On Monday, after news of the trials broke, the publicly traded company’s stock shot up 16% to a record high of 811 pence on the London Stock Exchange, Reuters reported. The news

…

GW Pharma’s Latest Clinical Trial Successful, Stock Soars is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MJ Social Network MassRoots in Default on Loans

MassRoots, the popular social network for cannabis enthusiasts, has missed payments to some of its creditors and is considered in default, a notable turn of events for the once high-flying Denver company.

MassRoots disclosed in a Sept. 21 Securities and Exchange Commission filing that it didn’t make $966,000 in required payments to creditors who bought six-month convertible secured promissory notes from the company in March, according to BusinessDen.com.

The disclosure flies in the face of the company’s recent history. Less than six months ago MassRoots sought a listing on the Nasdaq stock market – a bid that ultimately

MJ Social Network MassRoots in Default on Loans is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Slow Launch Expected for Oregon’s Full Recreational Cannabis Market

By John Schroyer

Oregon retailers anticipating the day when they can sell a full ounce of cannabis to adult-use customers, versus just a quarter-ounce, may be disappointed it probably won’t be on Oct. 1.

In fact, it may take months for scores of businesses that have applied for recreational marijuana permits to become fully licensed. Full licensing is expected to trigger an increase in adult-use sales across the industry, because MJ businesses will be able to sell larger amounts of rec products to customers.

Regulators are one of the reasons behind the slow transition to a market in which medical

…

Slow Launch Expected for Oregon’s Full Recreational Cannabis Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Connecticut Aims To Be Medical Cannabis Research Hub

Calling cannabis researchers: Connecticut’s Medical Marijuana Program will begin accepting applications for research proposals on medical uses of marijuana starting Oct. 1, a move that ultimately could make it easier for doctors to recommend MMJ and boost sales.

Eligible applicants include licensed medical marijuana producers and dispensaries, as well as hospitals, health-care facilities, and universities, according to HartfordBusiness.com.

Hoping to strengthen Connecticut’s Medical Marijuana Program and create high-tech employment opportunities in the state, Connecticut’s legislature decided to allow medical marijuana research.

Connecticut’s Commissioner for Consumer Protection, Jonathan A. Harris, suggested that a medical marijuana research sector could help

…

Connecticut Aims To Be Medical Cannabis Research Hub is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Polls Show Rec Marijuana Ahead in Maine, Nevada

Some more good news for cannabis entrepreneurs in Maine and Nevada: The latest polls in both states show a majority of voters support adult-use legalization ballot initiatives.
In Maine, a survey by the Portland Press Herald found that 53% of voters su…