MMJ Business Daily

Snoop Dogg Inks Partnership With Canadian Cannabis Producer

Snoop Dogg keeps finding new cannabis-related business ventures, and now, the longtime marijuana enthusiast has forged a partnership with Canadian MMJ cultivator Tweed.

Under the three-year deal, the Ontario-based growing company will receive exclusive rights to use content and brands owned by Snoop’s company LBC Holdings, according to CBC News. Snoop will receive an undisclosed amount of cash and stock.

The partners can extend the deal for two years after the first term. Mark Zekulin, Tweed’s President, said in the statement that more details of the deal would be disclosed later.

Tweed is a subsidiary of Canopy

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Snoop Dogg Inks Partnership With Canadian Cannabis Producer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MMJ Patient Boom in Nevada

Some good news for Nevada’s medical cannabis businesses: the number of MMJ patients in the state may more than quadruple in coming years, according to a state health official.

Nevada is receiving about 300 medical marijuana card applications per month. If that pace keeps up, the number of registered patients will increase from the current number of about 14,000, to 60,000, a deputy administrator of the state Division of Public and Behavioral Health told the state’s Legislative Interim Finance Committee this week, the Las Vegas Sun reported.

Through Feb. 10, there were 18 dispensaries that had received their

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MMJ Patient Boom in Nevada is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Colorado Marijuana Pesticide Lawsuit Dismissed

A lawsuit that could have turned into a landmark marijuana legal case has been tossed by a district court judge in Colorado.

Cannabis retail chain LivWell Enlightened Health was sued last October by a pair of former customers who alleged that the company used controversial pesticides – including Eagle 20 – during the cultivation process.

But this past week, Denver District Court Judge Eric Eliff dismissed the suit after ruling that the two plaintiffs had failed to demonstrate any “cognizable injury.”

“Plaintiffs sole state injury is that they overpaid for (LivWell’s) product,” Eliff wrote in his ruling. “There

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Colorado Marijuana Pesticide Lawsuit Dismissed is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: Marijuana Tax Proposal in CA, Potential New Competition in NY + Cannabis Ad Relief?

By Omar Sacirbey and John Schroyer

California lawmakers consider implementing new taxes on medical cannabis sales, New York MMJ businesses could see more competition in the near future, and a federal bill seeks to open up cannabis advertising.

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

A Taxing Situation

It’s not often that businesses welcome new taxes.

But in California, some dispensaries and cannabis-related professionals are giving the thumbs up to a bill introduced Wednesday that would impose a 15% tax on MMJ as part of the state’s move to regulate its MMJ

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Week in Review: Marijuana Tax Proposal in CA, Potential New Competition in NY + Cannabis Ad Relief? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

FDA Warns Eight CBD Producers to Quit Making Medical Claims

A year ago, the U.S. Food and Drug Administration warned six companies to stop making claims about the medicinal benefits of their CBD-based products. Earlier this month, it formally warned another eight.

“Your products are not generally recognized as safe and effective for the above referenced uses,” the FDA wrote to Texas-based Garden Green Gold, referring to several claims on the company’s website about how CBD could help treat everything from schizophrenia to post-traumatic stress disorder.

“Failure to promptly correct these violations may result in legal action,” the letters warned the companies.

The FDA

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FDA Warns Eight CBD Producers to Quit Making Medical Claims is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

DEA Searches Oregon Extract Maker

In a reminder that cannabis businesses are still not immune from federal law enforcement – even in states with legal marijuana – U.S. Drug Enforcement Administration agents recently searched the homes of the owners of a THC extractor and seller in Oregon, according to Willamette Week.

DEA agents searched the homes of Michael Andrew Dillon and Michael Corby, the owners of True North Extracts, on Dec. 23, after local police shut down True North’s oil-extraction facility in Wood Village, asserting their warehouse broke building and fire codes.

Founded in 2014, True North had produced more than 50 pounds

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DEA Searches Oregon Extract Maker is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana Business Conference & Expo Named One of Nation’s Fastest-Growing Events

The fall Marijuana Business Conference & Expo has been listed as one of the fastest-growing events in the country by Trade Show Executive Magazine, yet another sign of the cannabis industry’s growing push into the mainstream business world.

The event, hosted by Marijuana Business Daily, ranked in the top 50 for growth from 2014 to 2015 in all three categories the magazine tracks: fastest-growing by net square feet of exhibit space, fastest-growing by number of exhibiting companies and fastest-growing by total attendance.

The show is held twice a year, but the rankings are for the larger event now held in

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Marijuana Business Conference & Expo Named One of Nation’s Fastest-Growing Events is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana Business Conference & Expo Named One of Nation’s Fastest-Growing Events

The fall Marijuana Business Conference & Expo has been listed as one of the fastest-growing events in the country by Trade Show Executive Magazine, yet another sign of the cannabis industry’s growing push into the mainstream business world.

The event, hosted by Marijuana Business Daily, ranked in the top 50 for growth from 2014 to 2015 in all three categories the magazine tracks: fastest-growing by net square feet of exhibit space, fastest-growing by number of exhibiting companies and fastest-growing by total attendance.

The show is held twice a year, but the rankings are for the larger event now held in

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Marijuana Business Conference & Expo Named One of Nation’s Fastest-Growing Events is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Australia Set to Legalize MMJ Nationwide

Australia could become the latest country to fully legalize cannabis for medical purposes, and it could happen as soon as the end of next month.

A bill introduced in the Australian Parliament on Wednesday would establish a “national licensing and permit scheme to supply medical cannabis to patients… on clinical trials,” according to Reuters.

What’s not immediately clear is exactly how the cannabis would be dispensed, or if there would be many business opportunities for would-be Australian dispensary owners. It’s possible MMJ could be distributed via pharmacies, since the government has indicated it will strictly be for scientific

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Australia Set to Legalize MMJ Nationwide is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Social Media Massacre: Marijuana Businesses Scrambling as Facebook, Instagram Shutter Accounts

By John Schroyer

The marijuana industry is facing a growing challenge on the social media front, and there’s no resolution in sight.

Both Facebook and Instagram are closing marijuana-related business accounts without warning and seemingly at random, cutting off key connections companies have with their customers. 

And the two social media giants are not just targeting retailers and businesses that touch the plant: Companies that provide services to the industry and those that focus on marijuana consumers have been caught up in the crackdown, too.

All told, at least 100 marijuana companies have been affected over the past month –

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Social Media Massacre: Marijuana Businesses Scrambling as Facebook, Instagram Shutter Accounts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs