MMJ Business Daily

CA Marijuana Software Startup Lands $2M Investment

A marijuana software company that aims to streamline business services for medical marijuana dispensaries and cultivators announced on Tuesday that it has completed a $2.1 million capital raise.

California-based Meadow said it will use the money to hire more employees and continue improving its software, which is currently available to MMJ businesses in its home state.

The round of seed funding included investments from Slow Ventures, Liquid 2 Ventures, SOMA Capital and Poseidon Asset Management, among others.

The company’s software includes point-of-sale and inventory management features, online ordering, delivery tracking and customer messaging. It also helps businesses stay in compliance with

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CA Marijuana Software Startup Lands $2M Investment is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Sizing Up Pennsylvania’s Potential Medical Mariijuana Market

By Omar Sacirbey

Pennsylvania is tantalizingly close to legalizing medical marijuana via a proposal that would create one of the most compelling new cannabis markets in the nation.

Lawmakers are considering a bill that, as it stands now, would pave the way for ample business opportunities, a sizable patient base and annual sales that could quickly reach the hundreds of millions.

The initial bill cleared the state Senate and moved to the House, which passed a version with substantial changes. The revised proposal now resides back in the Senate.

Gov. Tom Wolf has already said he intends

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Sizing Up Pennsylvania’s Potential Medical Mariijuana Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Sizing Up Pennsylvania’s Potential Medical Mariijuana Market

By Omar Sacirbey

Pennsylvania is tantalizingly close to legalizing medical marijuana via a proposal that would create one of the most compelling new cannabis markets in the nation.

Lawmakers are considering a bill that, as it stands now, would pave the way for ample business opportunities, a sizable patient base and annual sales that could quickly reach the hundreds of millions.

The initial bill cleared the state Senate and moved to the House, which passed a version with substantial changes. The revised proposal now resides back in the Senate.

Gov. Tom Wolf has already said he intends

…

Sizing Up Pennsylvania’s Potential Medical Mariijuana Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

SF Dispensary Reemerges After 2011 Forced Shutdown

From bricks and mortar to wheels and then back to bricks and mortar again.

That’s the story of Medithrive, which started in 2009 as a dispensary in San Francisco’s Mission District but was shut down in 2011 by federal authorities and remade itself as a delivery service. Now, Medithrive is going back to its roots and will reopen as a dispensary later this month, according to Missionlocal.com.

Before being shuttered five years ago, Medithrive had 26,000 patients and employed 17 people, according to SF Gate. It will occupy the same storefront as before, but is remodeling

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SF Dispensary Reemerges After 2011 Forced Shutdown is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis Branding Company Raises $8M for National Expansion

A marijuana branding company with a portfolio that includes partners in three western states announced on Tuesday that it has raised $8 million to support an ambitious expansion plan.

The company, Las Vegas-based Strainz, said in a press release that the influx of capital will allow the company to continue building its portfolio in Colorado, Nevada and Washington State, as well as expand into other markets and keep adding to its staff.

To date, Strainz’ Colorado partner, the Bronnor Corporation, has constructed a 25,000-square-foot infused product manufacturing facility in Denver, and products are scheduled to begin shipping this

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Cannabis Branding Company Raises $8M for National Expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MI Dispensary Owners Wrongly Raided Consider Suing

A husband and wife team that owns a locally licensed dispensary in Michigan is considering suing the county whose officers raided their home 19 months ago, according to the Detroit Free Press.

Annette and Dale Shattuck assert that even though the St. Claire County Drug Task Force returned most of the property it seized from the family in July 2014 after a raid, it’s not enough to compensate for the wrongs committed against them. Not all their belongings were returned, some of what was returned was damaged, and most importantly, the raid traumatized their young children.

After receiving

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MI Dispensary Owners Wrongly Raided Consider Suing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

DC Juice Delivery Business Exploits Legal MJ Loophole

This is a new one.

A lot of marijuana businesses have gotten creative over the years in order to get around legal hurdles that hamstring cannabis entrepreneurs, but a new delivery service in Washington DC is pushing the boundaries even further.

HighSpeed delivers juice with a “side” of cannabis despite a ban in DC on recreational marijuana sales, according to Washington City Paper.

The company, which has about 300 customers, claims that it’s only selling juice, and thereby following the law.

But customers can choose from three codeword options, all of which include a sample of cannabis, according to media report.

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DC Juice Delivery Business Exploits Legal MJ Loophole is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Harborside Canceling National Expansion Plans, Will Focus on California

By John Schroyer

What a difference seven months make.

Since discussing plans last August to expand into nearly every market in the western United States, Steve and Andrew DeAngelo of Harborside Health Center have pulled a 180-degree-turn and decided to focus solely on solidifying and growing their foothold in California.

Along these lines, the brothers told Marijuana Business Daily that they have sold the Harborside-branded dispensary they opened last October in Portland, Oregon, which wasn’t performing as well as they had hoped.

“For us, we’d never been able to get that shop up to break even,” said Steve DeAngelo, the

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Harborside Canceling National Expansion Plans, Will Focus on California is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Oregon Governor Signs Marijuana Banking Bill

Oregon Gov. Kate Brown signed a bill Monday afternoon that protects financial institutions that maintain accounts for marijuana business from state criminal prosecution.

The new law, however, does not protect financial institutions from federal prosecution, so it isn’t likely to persuade banks and credit unions in Oregon to start servicing marijuana businesses.

While marijuana is legal in Oregon, it remains illegal under federal law, so most financial institutions refuse to take marijuana businesses as clients, even though the U.S. Treasury Department has issued guidelines under which banks could open marijuana-related accounts.

Despite having no effect on federal laws,

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Oregon Governor Signs Marijuana Banking Bill is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis Company Seeks NFL Stadium Naming Rights

One of Colorado’s largest cannabis retailers announced Friday – on April Fool’s Day – that it is seeking the naming rights to Sports Authority Field at Mile High, home of the Denver Broncos.

But it’s not a prank. Native Roots, which has nine cannabis storefronts throughout Colorado, hopes to replace Sports Authority, which currently has the naming rights to the stadium but recently filed for bankruptcy and may not be able to make the investments necessary to keep the rights.

Sports Authority has the rights, which cost between $6 million and $7 million annually, until at least

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Cannabis Company Seeks NFL Stadium Naming Rights is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs