MMJ Business Daily

Hemp company launches first cannabis line aimed at minorities

A North Carolina company is making the cannabis industry’s first play for consumers of color with a line of beauty products aimed at ethnic minorities. The Hemp Excellence line of body lotions, lip balms and CBD capsules went on sale this month at two …

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National cannabis legalization lawsuit thrown out by judge

A lawsuit against the federal government on which several cannabis legalization advocates had pinned their hopes has officially lost. At least its first legal battle, anyway. Judge Alvin Hellerstein, of the U.S. District Court in Southern District of N…

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Denver awards first marijuana social-use business permit

And the winner is … The Coffee Joint. That’s the moniker of a proposed coffee shop that wants to allow customers to vape cannabis and use edibles onsite under a social-use permit it was awarded Monday, The Denver Post reported. The company …

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Israeli cannabis exports now in prime minister’s hands; Trump pressure denied

A key Israeli parliamentary committee came to a consensus on the urgent need to approve medical cannabis exports – which insiders consider crucial for the creation of a sustainable MMJ industry – and vowed Monday to push for a quick resolut…

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Washington state’s fledgling hemp program gets lifeline from legislators

Budget writers in Washington state’s House and Senate have restored money to oversee hemp, potentially ending uncertainty after the governor proposed cutting funding for the state’s hemp production program. The hemp lifeline, first reported…

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Cronos lists on Nasdaq, as US gets first ‘pure play’ marijuana stock on major exchange

A Canadian marijuana company will become the first “pure play” cannabis listing on a major U.S. stock market, an important milestone for the cannabis industry. Stayner, Ontario-based Cronos Group, one of Canada’s largest vertically integrated medical m…

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California green lights surety bond program for state’s cannabis industry

California has approved its first insurer to provide surety bonds for marijuana businesses in the state. According to the Insurance Journal, Mayfield, Ohio-based Continental Heritage Insurance Co. has passed muster with the California Insurance Commiss…

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Chart: Canada fueling explosive growth in global marijuana industry funding

Investment activity in the cannabis industry has been increasing for several years, but 2018 is on pace to shatter previous records, as global financing in marijuana-related businesses topped $1.4 billion just six weeks into the New Year. According to …

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Marijuana industry goes to court to force Israeli government to permit MMJ exports

The marijuana industry is fighting a high-stakes court battle to force the Israeli government to approve medical cannabis exports sooner rather than later. The decision by industry advocates to go to court comes as Israeli lawmakers prepare to debate t…

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Study: Marijuana use in Canada doubled in 30-year span

Cannabis use among Canadians 15 years and older increased more than twofold between 1985 and 2015, according to new data released this week by Statistics Canada, indicating that the potential market for recreational cannabis is still growing. Adult-use…

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