A recreational marijuana legalization initiative in Massachusetts and a measure to fully legalize medical dispensaries in Montana both qualified for the 2016 general election ballot this week.
The Massachusetts measure will appear on the ballot as Ques…
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By John Schroyer
Louisiana’s new medical marijuana program is moving ahead after two public universities opted to grow MMJ as the state’s only cultivators.
One university has even talked with law enforcement about about how to avoid breaking the law because of a legal loophole, a sign Louisiana’s MMJ program is on its way to becoming viable.
Louisiana’s foray into medical cannabis is the first in the South. It also marks the first time a pair of state institutions – Louisiana State University (LSU) and Southern University – are poised to supply all the MMJ for a state’s dispensaries, which in
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Louisiana’s New Medical Cannabis Program Moving Forward is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Up to 50,000 marijuana growers in California could be required to obtain state permits to use irrigation water under a new law which spells out operating details of the state’s Medical Marijuana Regulation and Safety Act.
The state law, SB37, calls for an unprecedented water conservation effort, KQED reported, and one that hasn’t been tried in other states with legal marijuana industries.
It’s aimed at protecting the environment and other water users given the rapid growth of the state’s cannabis industry. Cultivators – led by the California Growers Association – support the move.
The new rules require growers
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California to Regulate Water Use Among Cannabis Growers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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After criticism from the executive director of Maryland’s Medical Cannabis Commission, the chairman of the group announced that the first marijuana business license winners in the cultivator and processor categories could be chosen as soon as August 5.
The MMJ program’s recently appointed executive director, Patrick Jameson on Tuesday criticized the review process of more than 1,000 marijuana business applications as “too cumbersome” and “too expensive,” and said it had taken “too long,” the Baltimore Sun reported.
Commission members said they were disappointed by Jameson’s comments, and said they believed that they had accomplished a lot in their first
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Maryland May Pick MMJ License Winners in August is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Marijuana Business Daily is hosting its first live Twitter Chat on Thursday, July 14, with investor Emily Paxhia of Poseidon Asset Management on funding a cannabis business.
Participants will have the opportunity to ask Paxhia – via Twitter – about funding a new or existing business as well as the state of investment in the cannabis industry. All questions will be considered.
The chat will begin Thursday at 3 pm Eastern Time/Noon Pacific Time and will last 30 minutes. People can follow it on Twitter via the hashtag #MJBizChat. Tune in a few minutes ahead of times to get tips
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Marijuana Business Daily Hosting Twitter Chat on Funding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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The price of a medical marijuana card in Montana has plunged more than 90% in the runup to when the state’s dispensaries must shut their doors at the end of August.
Montana’s health department slashed the price of the cards to $5 from $75 for new or renewing patients, broadcaster KTVQ in Billings reported. The change took effect on Saturday.
The state’s dispensaries must close on August 31 after the Montana State Supreme Court issued an adverse ruling for the industry on a 2011 law that was intended to shutter dispensaries statewide.
Although the forced closure will mean at
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Montana Medical Cannabis Card Prices Plummet to $5 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By Omar Sacirbey
Scotts Miracle-Gro’s bold plans to bolster its presence in marijuana has divided industry professionals, the latest sign that Corporate America is poised to reshape cannabis.
Some see it as a promising development that will push the cannabis industry forward, while others fear it represents the start of the eventual corporatization of marijuana.
Many growers are also opposed to the company’s chemical-based products, saying they have no place in the marijuana industry.
The iconic lawn and garden company’s CEO, Jim Hagedorn, last week disclosed his desire to pump half a billion dollars into the cannabis sector.
His
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Scotts Miracle-Gro’s Big Marijuana Plunge Exposes Industry Fault Lines is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Hawaii Gov. David Ige signed legislation that tweaks the state’s new medical marijuana program, including provisions that could mean tax breaks, more products and more patients for dispensaries.
Under the state’s MMJ program, dispensaries are allowed to open for business Friday. But it’s unclear if any will be ready. Hawaii recently awarded eight licenses, with each license permitting the holder to operate two dispensaries.
Some of the bill’s key dispensary provisions, according to West Hawaii Today, include:
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Hawaii Tweaks Medical Marijuana Law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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The Republican-controlled U.S. Senate will hold an unexpected – and perhaps first-ever – hearing on the potential medical benefits and risks of marijuana use Wednesday.
The Senate Judiciary Subcommittee on Crime and Terrorism will hold the hearing, which is slated to start at 2:30 p.m. Eastern Time. A live video stream of the hearing will be available at the committee’s website.
While numerous cannabis-related reform bills have been introduced by members of Congress over the years, most have died quietly, having never gained so much as a single committee hearing. This could signal the end to that era.
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U.S. Senate Panel to Hold Hearing on Medical Marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Medical cannabis has likely made a serious dent in the prescription drug industry – to the tune of $165 million in market share in 2013, according to a new study published in the journal Health Affairs.
The study’s authors examined prescription information filled by Medicare Part D enrollees between 2010-2013. They looked specifically at ailments that could have been alternatively treated by cannabis, such as depression, anxiety, nausea, pain and glaucoma, Medical News Today reported.
As of 2013, 17 U.S. states and Washington, D.C., had legalized medical marijuana.
The analysis found that during those three years, the use
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Study: Medical Cannabis Making Inroads in Prescription Drug Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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