MMJ Business Daily

Rec and MMJ Infighting Continues in Massachusetts

A battle in Massachusetts between recreational marijuana supporters and some of their medical marijuana counterparts is getting increasingly heated, and could have ramifications for rec legalization in the state.

The Campaign to Regulate Marijuana Like Alcohol announced its intention to protest the opening of the Commonwealth Alternative Care dispensary in Cambridge, because the company head has been organizing opposition to its proposed ballot measure, according to Wicked Local Cambridge.

Commonwealth’s CEO, Dan Delaney, is also the head of Safe Cannabis Massachusetts, a group lobbying against the campaign’s rec initiative, which is expected to be on the ballot this November. Delaney is

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Rec and MMJ Infighting Continues in Massachusetts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Texas Dispensary in the Works, Despite Flawed CBD Law

Texas Gov. Greg Abbott signed the so-called “Compassionate Use Act” into law last year, and now, despite obvious logistical problems with the measure, at least one company is putting a plan into action to open a CBD dispensary about an hour north of Dallas.

Patrick Moran, the CEO of AquiFlow, is hoping to open the dispensary in the small hamlet of Gunter, population roughly 1,500. On Wednesday, he held a town hall meeting to talk to residents about his plans, according to a local NBC affiliate.

The problem is that the Compassionate Use Act requires a

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Texas Dispensary in the Works, Despite Flawed CBD Law is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Number Crunchers: Data Analytics Companies Cropping Up in Cannabis Industry

By John Schroyer

Knowledge is power…and can lead to big profits.

That’s why businesses in mainstream industries utilize data to analyze their performance, markets and competitors.

Now, a handful of firms are providing cannabis companies with in-depth data that hasn’t been available in the past given the industry’s youth.

Think wholesale pricing figures, investment stats, point-of-sale data and benchmark information.

“The data side is going to look more like it looks in other industries. We’re just playing catch-up right now,” said Roy Bingham, CEO of BDS Analytics, an information-centric company that helps marijuana dispensaries and recreational shops in Colorado and Washington State cater

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Number Crunchers: Data Analytics Companies Cropping Up in Cannabis Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Aspen Sold More Cannabis Than Alcohol for Two Months in 2015

The seven cannabis storefronts in the tourist mecca of Aspen, Colorado combined to overtake the alcohol industry for both March and April last year, according to statistics provided by the city’s Finance Department to the Aspen Times.

Marijuana sales were slightly behind those of alcohol sales for the year, but the spring numbers are arguably groundbreaking for the cannabis industry.

In March, when spring break happens, Aspen’s cannabis stores rung up $998,418 in sales, about $140,000 more than alcohol sales, the Tines reported. Those stores sold $455,935 worth of cannabis in April, about $13,000 more than alcohol.

The alcohol

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Aspen Sold More Cannabis Than Alcohol for Two Months in 2015 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

WA State Testing Lab Suspends Operations

Testing Technologies in Poulsbo, Washington has hit pause on its cannabis testing services after firing its science director, alleging that potency values were “pulled from thin air” and that tests for contaminants were inaccurate.

The company’s CEO, Larry Ward, announced the situation in a letter to customers, according to the Seattle Times. But the company’s erstwhile science director, Dustin Newman, who was fired Feb. 10, countered with his own letter alleging Ward let him go because of business disputes.

Ward blamed a profit-sharing arrangement with Newman that incentivized the scientist to produce business-friendly results. To avoid such problems in

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WA State Testing Lab Suspends Operations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Activist CEO Donates $1M in Stock to Competing CA Rec Initiative

There could be a real fight between cannabis activists this year in California after all.
Steve Kubby, a longtime activist who worked on the 1996 medical marijuana campaign in California, persuaded the board of directors of Nevada-based Kush Research, …

Report Urges Regulations on Recreational Marijuana in Massachusetts, Not Opposition

By Omar Sacirbey

Less than a week after a trio of high-level politicians in Massachusetts bashed recreational marijuana legalization, a special committee of nine state senators weighed in on the issue as well by releasing a 118-page report on Tuesday. 

But instead of coming out against a measure to legalize adult-use in Massachusetts – as the governor, state attorney general and mayor of Boston did – the report laid out a series of recommendations on how the industry should be regulated.

“It’s noteworthy that that these senators took time to look at the issue and didn’t come back and say, ‘no we

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Report Urges Regulations on Recreational Marijuana in Massachusetts, Not Opposition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

WA to Close New MJ Retail Licensing Round March 31

Washington State’s new round of retail licensing will end with the month of March, the state’s Liquor and Cannabis Board announced on Tuesday in a press release.

And it looks as though the state already has filled its quota, even though the licensing round is technically still open for a few more weeks.

“We are at the point where the number of highest priority applicants will exceed the number of available retail licenses,” LCB Licensing Division Director Becky Smith said in the release. “We’ll meet the retail cap with priority ones and twos that we’re already processing.”

The

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WA to Close New MJ Retail Licensing Round March 31 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Losing Cannabis Cup a Mixed Bag, Say CO Businesses

Colorado marijuana business owners hoping for a boost from the High Times U.S. Cannabis Cup that was originally slated to be held in the state next month are in for a disappointment.
The magazine has dropped its bid to hold the event in Pueblo, a city …

No Word From SCOTUS on Colorado Rec Case

The eight remaining U.S. Supreme Court Justices have not decided yet whether or not to hear a lawsuit brought by the attorneys general of Nebraska and Oklahoma against Colorado over its 2012 recreational cannabis law approved by voters.
The justices, w…