MMJ Business Daily

Marijuana Business Conference Fastest-Growing Trade Show

The fall Marijuana Business Conference & Expo has been named the nation’s fastest-growing trade show, yet another indication of the cannabis industry’s increasing prominence on the national stage.

The event, hosted by Marijuana Business Daily, led the pack last year in growth in attendees, net square feet of paid exhibit space, and number of exhibitors, Trade Show Executive announced at “The Fastest 50” awards ceremony Thursday night in Las Vegas.

Trade Show Executive ranks the nation’s 50 fastest-growing trade shows by annual percentage growth in each of those three areas.

“While this is a great honor and recognition for the team behind

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Marijuana Business Conference Fastest-Growing Trade Show is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Oregon Edibles Makers Kick Off Awareness Campaign: “Try 5”

A coalition of edibles manufacturers in Oregon, concerned with a lack of general public knowledge on the potency of their products, have launched a public safety campaign to urge first-time users to take it easy on the dosage when trying such products.

The campaign’s slogan? “Try 5,” the Oregonian reported.

In other words, edibles makers are suggesting newbies begin with a five milligram dose, similar to what was suggested by a campaign in Colorado in 2014 that used the motto, “Start low and go slow.”

The Oregon campaign, run by the Oregon Responsible Edibles Council, launched just

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Oregon Edibles Makers Kick Off Awareness Campaign: “Try 5” is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Ohio Lawmakers Send Medical Cannabis Bill to Governor

The Ohio Senate passed a medical marijuana bill and sent it to Gov. John Kascich, who will review the legislation.

The Senate’s approval of House Bill 523 comes two weeks after House lawmakers did the same in a bid to head off a possible ballot measure this fall that would create a more permissive MMJ program. Both chambers are Republican-led.

The Ohio legislation, if signed into law, would be more limited than those in some states.

It would prohibit personal growing and smokeable flower. Instead, patients would be allowed to consume oils, tinctures, and patches which would be

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Ohio Lawmakers Send Medical Cannabis Bill to Governor is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Tradiv CEO Named One of Inc. Magazine’s “30 Under 30”

Aeron Sullivan, the 29-year-old CEO of the online cannabis firm Tradiv, has been named one of Inc. magazine’s “30 Under 30” for 2016.

The upstart company, based in southern California, does most of its business currently in Colorado, where more than 230 marijuana companies use Tradiv’s online wholesale platform to buy and sell cannabis. According to the company, roughly $1 million in cannabis is bought and sold each month on its website.

In its citation, Inc. said Tradiv “is replacing the old street-dealer aspects of the marijuana economy.”

Sullivan raised more than $1 million last year to

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Tradiv CEO Named One of Inc. Magazine’s “30 Under 30” is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Oakland’s Ambitious Diversity Plan for the MMJ Industry

By Omar Sacirbey

Oakland is targeting the War on Drugs.

The California port city’s lawmakers this month approved rules designed to allocate more medical marijuana business licenses to minorities, especially those in neighborhoods disproportionately affected by the U.S. drug war.

Because blacks and Latinos have been swept up disproportionately by the War on Drugs, many have criminal records and are therefore barred from the marijuana industry.

Oakland’s new rules – the Equity Permit Program – run counter to national trends in marijuana policy. Many legalized marijuana programs bar people with drug or other convictions from participating.

The

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Oakland’s Ambitious Diversity Plan for the MMJ Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Los Angeles County Extends Medical Marijuana Growing Ban

Los Angeles County supervisors voted to extend a temporary ban on medical marijuana cultivation in unincorporated areas of the county by one month.
At the same time, however, supervisors this week postponed a proposed 10-month ban on medical marijuana …

California Teamsters Contribute to Group Opposing MJ Legalization

One of California’s biggest unions labor has contributed $25,000 to a group dedicated to defeating adult-use marijuana legalization this year in the state.

The California Teamsters chapter gave the money to the Coalition for Responsible Drug Policies, an anti-legalization group, ATT: reported. And a Teamsters lobbyist told the news site that his organization has “serious concerns” about the initiative California voters will likely decide on this November.

The Teamster’s primary gripe with the Adult Use of Marijuana Act – the legalization measure backed by tech billionaire Sean Parker – focuses on distribution and transportation, the lobbyist said.

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California Teamsters Contribute to Group Opposing MJ Legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arizona Medical Cannabis Industry Poised for Growth, Competition

By John Schroyer

Arizona’s medical marijuana market, already one of the largest in the nation, will soon undergo a major transformation – one that could create fiercer competition for existing dispensaries but also extra sales.

The number of licensed dispensaries is poised to jump by around 30%, unleashing new players in populated areas.

At the same time, however, demand for medical marijuana in the state is expected to remain brisk, generating fresh business for the 93 operational dispensaries (another six are licensed but not open). The number of medical marijuana patients jumped nearly 10% from January through April.

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Arizona Medical Cannabis Industry Poised for Growth, Competition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Speaker Ryan: CBD Legalization May Pass U.S. House

The top elected Republican in the United States said the U.S. House of Representatives may vote to legalize CBD, potentially opening a bounty of new market opportunities for this form of marijuana oil.

House Speaker Paul Ryan, a Wisconsin Republican, told a local broadcaster Monday he’s fairly confident a CBD legalization measure can pass the House.

“This oil does not have THC in it, so therefore it really shouldn’t be lumped into the category of anything close to legalization of marijuana and that’s the confusion that typically surrounds the issue,” Ryan told News 3.

“Once you get people through

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Speaker Ryan: CBD Legalization May Pass U.S. House is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Philippines President-Elect Supports Use of Medical Cannabis

The president-elect of the Philippines, Rodrigo Duterte, signaled he supports the use of marijuana for medical purposes, possibly opening the door to significant new MJ business opportunities in Asia.

Duterte – who is scheduled to take office June 30 – is the first Asian leader to support medical cannabis, Chuck Manansala, founder of the Medical Cannabis Research Center in the Philippines,  said via email.

Speaking to reporters, Duterte noted that certain medicines contain marijuana, Filipino broadcaster ABS-CBN reported.

“Medicinal marijuana, yes, because it is really an ingredient of modern medicine now. There are medicines right now being developed or

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Philippines President-Elect Supports Use of Medical Cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs