MMJ Business Daily

Florida Anti-Medical Marijuana Effort Vows to Raise $10M

A Florida campaign with ties to casino mogul Sheldon Adelson – who helped defeat a 2014 medical cannabis initiative in the Sunshine State – plans to raise at least $10 million to fight MMJ legalization this fall, the Tampa Bay Times reported.

Florida real estate executive Mel Semble is spearheading this year’s drive to kill a legalization ballot initiative. Sembler, founder of Drug Free America, helped raise roughly $7.5 million to oppose the 2014 measure, roughly $5 million of which came from Adelson.

Orlando attorney John Morgan leads the effort to legalize MMJ. Morgan told supporters via email Monday: “I’ve got a

…

Florida Anti-Medical Marijuana Effort Vows to Raise $10M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart of the Week: Support for Recreational Marijuana in Key States

By Marijuana Business Daily staff
Several states stand a good chance of legalizing adult-use marijuana this November if advocates are successful in getting measures on the ballot, according to the latest polling data.
Chart of the Week: Support for Rec…

Patent Battles Could Shape Marijuana Industry’s Future

The patenting of new marijuana strains could touch off major legal battles over cannabis varieties produced through innovative breeding methods.

“The prize could be nothing less than the commanding heights of an industry that’s projected to soon top $40 billion, with the exclusive rights to produce, sell, or license designer varieties of pot,” Vice News reported. “Over the next few years, the contest could take the form of a gold rush for patents.”

The U.S.-based online news outlet said cannabis industry officials are growing increasingly worried over the need to hire attorneys to shield their new strains from

…

Patent Battles Could Shape Marijuana Industry’s Future is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Poll: 56% of Americans Back Marijuana Legalization

Yet another major poll has found a majority of U.S. residents support full marijuana legalization nationwide, the latest bullish news for the cannabis industry’s growth prospects here.

The survey, issued this week by CBS News, found that 56% of Americans believe cannabis use should be legal, up 3 percentage points from a CBS News poll a year ago and a new high for the broadcaster’s polling on the topic.

Thirty-six percent of those surveyed opposed legalization, down 7 percentage points from a year earlier.

The same poll also found that overall marijuana use in the U.S. has been

…

Poll: 56% of Americans Back Marijuana Legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

DEA Okays PTSD Medical Cannabis Trials

Never say never.

The U.S. Drug Enforcement Administration has, at long last, approved a scientific study in which military veterans suffering from post-traumatic stress disorder will be treated with medical marijuana, potentially expanding the market for MMJ businesses.

More states could add PTSD to their list of approved conditions for medical cannabis if the study shows that MMJ can be an effective treatment for the ailment.

The Multidisciplinary Association for Psychedelic Studies (MAPS), a nonprofit research organization in California, has been trying to win the DEA’s permission to begin the scientific studies for years. The trials could now begin by late

…

DEA Okays PTSD Medical Cannabis Trials is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Keef Cola, Kiva Confections Form Expansion Partnership

Colorado-based CanCore Concepts, owner of the popular edibles brand Keef Cola, and California-based Kiva Confections, maker of cannabis-infused chocolates, have struck a new type of licensing deal that will give each company access to the other’s home market.

Under the agreement, both companies will not only distribute but also manufacture each others’ products on their home turf.

That means Keef sodas and other edibles will be sold in the roughly 850 California medical marijuana dispensaries where Kiva chocolates are available, CanCore Chief Operating Officer Scot Knutson said in an interview.

Kiva edibles, meanwhile, will be sold in the roughly 400

…

Keef Cola, Kiva Confections Form Expansion Partnership is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Keef Cola, Kiva Confections Form Expansion Partnership

Colorado-based CanCore Concepts, owner of the popular edibles brand Keef Cola, and California-based Kiva Confections, maker of cannabis-infused chocolates, have struck a new type of licensing deal that will give each company access to the other’s home market.

Under the agreement, both companies will not only distribute but also manufacture each others’ products on their home turf.

That means Keef sodas and other edibles will be sold in the roughly 850 California medical marijuana dispensaries where Kiva chocolates are available, CanCore Chief Operating Officer Scot Knutson said in an interview.

Kiva edibles, meanwhile, will be sold in the roughly 400

…

Keef Cola, Kiva Confections Form Expansion Partnership is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: Cannabis Legalization in North America, MJ Clubs Whacked & Oregon Flood

By John Schroyer

Canada and Mexico signal they’ll move ahead with cannabis legalization, marijuana clubs hit local pushback, and entrepreneurs flood Oregon with applications to operate in the state’s new recreational cannabis market.

Here’s a closer look at several notable developments in the marijuana industry over the past week.

The Cannabis Continent?

The leaders of Mexico and Canada this week unfurled plans to move forward with new marijuana markets. The upshot: The vast majority of North America could have some form of legal cannabis within a few years.

Canada and Mexico announced their intentions during a special session of

…

Week in Review: Cannabis Legalization in North America, MJ Clubs Whacked & Oregon Flood is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

CA Firm Launches Ad Campaign Touting Small MJ Farmers

An upstart medical marijuana wholesaler in California is aiming to dispel the idea that corporate America is poised to take over the Golden State’s burgeoning cannabis industry.

San Franciso-based Flow Kana has begun a multimedia advertising blitz showcasing California’s independent marijuana farmers at a time when many in the state expect wealthy out-of-state interests will mount a big push into the state’s marijuana industry. Flow Kana helps medical marijuana growers sell directly to patients.

Concerns about an out-of-state takeover come ahead of an expected ballot initiative in November to legalize recreational marijuana. Approval could unleash a flood of

…

CA Firm Launches Ad Campaign Touting Small MJ Farmers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Poll: Arizonans May Nix Rec Cannabis Ballot Measure

Arizonans would likely reject a ballot initiative legalizing recreational marijuana if a vote were held now, according to a poll issued by a group opposed to legalization.

The finding suggests that legalization proponents have their work cut out for them in the Grand Canyon State.

The telephone survey of 500 likely voters conducted April 11 through April 14 found that 49% of voters would reject legalization while 43% would vote yes, the Arizona Republic reported. Around 8% of likely voters were undecided. The poll had a margin of error of around 4%.

Arizonans for Responsible Drug Policy, which opposes

…

Poll: Arizonans May Nix Rec Cannabis Ballot Measure is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs