MMJ Business Daily

Australia Legalizes Medical Cannabis

The Australian Parliament has set the stage for the nation’s states to follow their American counterparts when it comes to medical marijuana, by approving a legalization bill this week that allows for widespread MMJ cultivation, sale and use.

The next step, according to the Inquisitr, is for Australia’s individual states to legalize MMJ. The federal government meanwhile will begin a rulemaking and licensing process through the Therapeutic Goods Administration, which will use a separate advisory committee to create a new agency to oversee MMJ rules for the entire country.

It will likely be another six months before MMJ

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Australia Legalizes Medical Cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Montana Supreme Court Ruling Guts State’s MMJ Industry

The sky has fallen in Montana.

The state Supreme Court issued a ruling on Thursday in a case that’s been ongoing since 2011 over a law approved by the state legislature that was intended to basically regulate the medical cannabis industry out of existence. Though the court didn’t side completely with lawmakers, it upheld enough of the law to signal a virtual end to dispensaries and cannabis businesses in Montana.

According to the Associated Press, the court ruled that MMJ “providers” can sell cannabis to no more than three patients each, but are allowed to accept payment. It

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Montana Supreme Court Ruling Guts State’s MMJ Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Kentucky Entrepreneur Vows to Buy All the State’s Hemp

Grow it and he will buy it.

John Roulac, the founder and CEO of a major hemp foods company, Nutiva, said he plans to buy all the organic hemp that Kentucky can produce, according to the Lexington Herald-Leader.

But labeling hemp as organic has been a controversial issue in recent weeks, as the U.S. Department of Agriculture announced that it would grant one Colorado hemp producer with an organic certified label, but then reneged last week, saying the decision was premature.

“The USDA’s new rule is out of step with the 2014 Federal Farm Bill which

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Kentucky Entrepreneur Vows to Buy All the State’s Hemp is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian Court’s Ruling Could Put Dent in Cannabis Sales

The 29 licensed medical marijuana producers in Canada could face a new financial squeeze following a federal judge’s ruling on Wednesday that registered MMJ patients can grow their own cannabis.

Federal Court Judge Michael Phelan struck down what is known as the Marijuana for Medical Purposes Regulations, which were introduced by Canada’s previous government in 2013, the New York Times reported. The regulations took away the right of card-holding patients to grow their medicine at home and required them to buy from licensed cultivators.

The rules did not apply to nearly 30,000 Canadians who were permitted to grow at home under

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Canadian Court’s Ruling Could Put Dent in Cannabis Sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Detroit Dispensaries on Edge as Licensing Nears

By John Schroyer

DETROIT – “Don’t even apply for a license. You won’t even get through the zoning.”

Those were Detroit attorney Matt Abel’s words of advice on Tuesday to Melanie Faison, who runs the Miles Green Acres medical cannabis caregiver center on the north-central side of the city.

She took the message to heart. Instead of applying for a license, she’s going to focus on helping gather signatures to halt (at least temporarily) the upcoming dispensary permitting process the city is set to start next week.

Faison’s problem is the same as scores of other dispensaries in the

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Detroit Dispensaries on Edge as Licensing Nears is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Connecticut Expands MMJ Qualifying Condition List

Connecticut’s 11 conditions for medical cannabis are getting some company: a state legislative committee voted this week to increase that number to 17.

The new ailments, according to the Hartford Courant, include Lou Gehrig’s disease, ulcerative colitis, sickle cell disease, severe psoriasis and psoriatic arthritis, complex regional pain syndrome, and recurring back pain after surgery.

The changes will go into effect in “about 30 days,” the Courant reported, meaning that’s when patients with those conditions can apply for MMJ cards.

It also means an expanded customer base for the state’s six current dispensaries and three new storefronts that

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Connecticut Expands MMJ Qualifying Condition List is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Former AG Holder Wants Marijuana Rescheduled

Former U.S. Attorney General Eric Holder, who served in the administration of President Barack Obama, this week came out in favor of changing cannabis’ status as a Schedule I narcotic.

His unexpected comments could help boost support for rescheduling  marijuana, which would be a major win for the cannabis industry.

“I certainly think it ought to be rescheduled. You know, we treat marijuana in the same way that we treat heroin now, and that clearly is not appropriate,” Holder said on Tuesday during an interview on the PBS program Frontline. “So at a minimum, I think Congress needs

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Former AG Holder Wants Marijuana Rescheduled is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Infused Products Maker Dixie Expands Into Nevada

Colorado-based Dixie Elixirs & Edibles is expanding into yet another new state.

The company has cemented a joint venture agreement with Silver State Wellness, which last summer became the first medical marijuana dispensary to open in Nevada.

It marks the fifth new market Dixie has expanded into over the last nine months and its seventh overall. The move comes as edibles companies in general attempt to expand across the country and develop national brands.

Dixie will bring eight different edible, vaping and topical cannabis products to Nevada by late May, 2016, the company announced in a press release.

For Silver State, based in the town of

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Infused Products Maker Dixie Expands Into Nevada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Ripple Effects of the FDA’s Stance on CBD Products: Q&A With Attorney Robert Hoban

By John Schroyer

When the U.S. Food and Drug Administration stepped in – again – to warn CBD companies in multiple states to quit making medicinal claims about their products, attorney Robert Hoban authored an opinion on the issue that quickly made the rounds on the Internet.

The piece was posted all over social media and various cannabis-oriented websites as an analysis offering both hope and notes of warning, especially for those in the hemp trade, since many of the companies put on notice by the FDA use CBD dervied from hemp rather than marijuana.

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Ripple Effects of the FDA’s Stance on CBD Products: Q&A With Attorney Robert Hoban is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Israel Appears Poised to Become Major Marijuana Market

Could Israel become the world’s next major marijuana market?

There are certainly indications that could come to fruition, according to the Jerusalem Post.

Some examples:

• The Calcalist, a leading Israeli business newspaper, reported last month that Philip Morris is preparing to invest $20 million in Syqe Medical, an Israeli startup that has developed a medical cannabis inhaler.

• In October, Colorado Gov. John Hickenlooper told the Jerusalem Post that his state is interested in cooperating with Israel on cannabis research.

• In August, the insurance group Israel Loss Adjusters Association said that the economic potential

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Israel Appears Poised to Become Major Marijuana Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs