MMJ Business Daily

Illinois MMJ Program Success Requires 600% Patient Growth

Marijuana business owners in Illinois say they need to see 20,000 to 30,000 customers in the next six to 12 months to stabilize what they worry is a struggling industry, according to the Daily Herald in suburban Chicago.

So far, about 4,000 patients have registered for the state’s medical marijuana program, and about 5,200 people have submitted patient card applications, according to the state’s medical marijuana program.

Illinois dispensary owners blame the low patient numbers on an insufficient number of qualifying conditions which limits the number of patients who can qualify for the program, the reluctance of some

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Illinois MMJ Program Success Requires 600% Patient Growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart of the Week: Cannabis Industry Attracts Highly Educated Leaders

By Becky Olson

Cannabis industry executives holding post-high school certificates and degrees clock in at a rate 19 percentage-points higher than all U.S. professionals age 25 and older.

A recent Marijuana Business Daily survey showed 87% of cannabis professionals in executive or management roles have completed some sort of degree or certification after high school.  By comparison, 68% of those holding equivalent roles in the broader economy have attained this level of education, according to the U.S. Census Bureau.

Unsurprisingly, testing labs lead the cannabis sector in education levels, where nine out of ten senior level employees (89%) hold a

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Chart of the Week: Cannabis Industry Attracts Highly Educated Leaders is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

ResponsibleOhio Effort Over, Co-Founder Joins New MMJ Task Force

Attorney and ResponsibleOhio co-founder Jimmy Gould said the group is dead and won’t pursue a legalization measure this year, Cleveland.com reported.

Instead, he and Chris Stock, the lawyer who authored the failed legalization measure known as Issue 3 which ResponsibleOhio backed in the 2015 election cycle, will join a 15-member task force announced Thursday by the state’s House of Representatives. The task force has been set to study and make recommendations on the feasibility of legalizing medical marijuana.

Gould took steps Thursday to highlight how the task force will approach the issue of medical and recreational

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ResponsibleOhio Effort Over, Co-Founder Joins New MMJ Task Force is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Developer Clusters Marijuana Retail Stores in “Mini-Mall”

While it’s common to find marijuana dispensaries and rec shops located close together in neighborhoods that meet zoning regulations for the businesses, would you want your shop to be right next to a competitor?

A group of developers have plans to create a marijuana mini-mall in a tourist destination in southwest Colorado, acquiring a building in downtown Trinidad with the aim of filling it with five cannabis retail stores, according to KRDO news.

The project already has its permits and is waiting for final approval from the City Council.

Trinidad has favorable zoning and land use

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Developer Clusters Marijuana Retail Stores in “Mini-Mall” is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: MassRoots Battles Cannaphobia Again, Hawaii Heats Up & Arizona MMJ Threat

By Omar Sacirbey

A marijuana executive addresses the tech sector’s cannaphobia, Hawaii opens its MMJ application process, and Arizona’s medical marijuana program comes under attack once again. Here’s a closer look at several notable developments in the marijuana industry over the past week.

Cannabias Rears It’s Head

Among his efforts for 2016, Isaac Dietrich, the founder of marijuana social media platform MassRoots, had already planned to push back against what he sees as a prejudice against marijuana by some of his tech sector peers.

“People in the Silicon Valley tech sector talk like they have these very progressive views,

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Week in Review: MassRoots Battles Cannaphobia Again, Hawaii Heats Up & Arizona MMJ Threat is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Australian MMJ Firm Taps NYSE Trader to Chair its Board

An Australian medical marijuana grower with ambitions to go public has tapped a prominent New York stock trader to be the chairman of its board of directors.
RxMM Health, based in Perth, announced on Thursday the appointment of Alan Valdes, vice presid…

Toronto Attracting Wave of Marijuana Entrepreneurs

Canadian cannabis industry observers say Toronto is becoming the county’s newest marijuana business magnet, as a wave of entrepreneurs have opened-up marijuana dispensaries in the Ontario city over the last year, according to the Globe and Mail.

Toronto’s marijuana landscape has gone from about a dozen businesses to roughly 40 in less than a year, and more than 100 could open in or near Toronto in the next couple of months, observers told the Globe and Mail.

While dispensaries are illegal under Canada’s federally-managed MMJ program, local authorities have tolerated retail shops in Vancouver and some

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Toronto Attracting Wave of Marijuana Entrepreneurs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

New York MMJ Businesses Shrug Off Slow Start

By Omar Sacirbey

Following an anti-climactic launch to New York’s medical marijuana program last week in which some dispensaries did not see a single patient, the state’s marijuana business license holders say they expected a slow start, and planned ahead to ensure business viability until traffic picks up at the retail stores.

New York MMJ Businesses Shrug Off Slow Start is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MassRoots Advances to Finals of High-Profile Startup Competition

MassRoots, a marijuana-focused social media platform, has made the finals of the Extreme Tech Challenge, a high-profile company startup contest.
The contest is part of the Consumer Electronics Show in Las Vegas, one of the biggest technology trade show…

Arizona Lawmakers Seek Restrictions on MMJ

A pair of Arizona lawmakers are each proposing bills that, if approved, could restrict who can use and prescribe medical marijuana, and likely decrease the state’s patient population.

A bill proposed by Rep. Jay Lawrence, R-Scottsdale, would prohibit naturopaths and homeopaths from prescribing medical marijuana, YourWestValley.com reported. A second proposal by Rep. Kelly Townsend, R-Mesa, would criminalize marijuana possession for pregnant women, even in cases approved by a doctor.

Both bills require a super-majority vote for passage, as the state’s medical marijuana law was enacted through voter referendum. They would then have to survive legal challenges under the

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Arizona Lawmakers Seek Restrictions on MMJ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs