MMJ Business Daily

Alaska Tightens Residency Requirements for MJ Licenses

Alaska has tightened residency restrictions on recreational marijuana business owners again after loosening them last month.

Now, anyone seeking a rec business license must be a full-time resident of Alaska who has lived there for at least one year and either works or goes to school in the state, according to the Associated Press.

Those were the initial requirements the Alaska Marijuana Control Board came up with earlier this year.

But at a Nov. 20 meeting, the board changed regulations to require potential business owners be eligible to vote in Alaska – which only requires a physical address. In other words,

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Alaska Tightens Residency Requirements for MJ Licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Illegal Dispensaries a Vexing Question as Canada Seeks to Establish Rec Marijuana System

By Omar Sacirbey

The six-week-old government of Canadian Prime Minister Justin Trudeau is considering what type of regulatory system to establish for recreational marijuana, which the country’s new leader promised to legalize.

But entrepreneurs operating illegal dispensaries may have already created a de facto system that the government will find neither easy nor in its interest to undo.

“The system is already being built,” said Paul Pedersen, a managing partner specializing in cannabis with Greywood Partners, a consulting and brokerage firm with offices in Vancouver and Toronto. “This is a case of entrepreneurs moving faster than the government.”

 And a handful of observers believe

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Illegal Dispensaries a Vexing Question as Canada Seeks to Establish Rec Marijuana System is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis Equity Management Firm Opens Two New Branches

A Florida-based private equity management firm with a focus on cannabis has announced that it’s branching out.

First Harvest Financial, which has its headquarters in Tampa, is opening offices in Chicago and in Boca Raton, to help it facilitate more investment in medical marijuana companies across the nation.

“The firm’s new offices in Chicago and Boca Raton increase the firm’s reach to connect legal cannabis companies seeking growth capital to accredited investors,” First Harvest said in a statement published online.

“It is only a matter of time before medical cannabis becomes fully legalized in the U.S.

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Cannabis Equity Management Firm Opens Two New Branches is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis Equity Management Firm Opens Two New Branches

A Florida-based private equity management firm with a focus on cannabis has announced that it’s branching out.

First Harvest Financial, which has its headquarters in Tampa, is opening offices in Chicago and in Boca Raton, to help it facilitate more investment in medical marijuana companies across the nation.

“The firm’s new offices in Chicago and Boca Raton increase the firm’s reach to connect legal cannabis companies seeking growth capital to accredited investors,” First Harvest said in a statement published online.

“It is only a matter of time before medical cannabis becomes fully legalized in the U.S.

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Cannabis Equity Management Firm Opens Two New Branches is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MPP Expert Quits, Cites Industry Takeover of Legalization Movement

The lines between the cannabis industry and activism have been blurred, and perhaps even extinguished.

That’s the reason Dan Riffle gave for quitting the Marijuana Policy Project, one of the largest and most influential cannabis activism groups in the country.

According to the International Business Times, Riffle, the former federal policy director for MPP, emailed some of his co-workers before he left, saying the “industry is taking over the legalization movement and I’m not interested in the industry.”

As the Times noted, MPP also last month established a new political campaign “funded by marijuana industry revenues.”

Riffle, who

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MPP Expert Quits, Cites Industry Takeover of Legalization Movement is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

MPP Expert Quits, Cites Industry Takeover of Legalization Movement

The lines between the cannabis industry and activism have been blurred, and perhaps even extinguished.

That’s the reason Dan Riffle gave for quitting the Marijuana Policy Project, one of the largest and most influential cannabis activism groups in the country.

According to the International Business Times, Riffle, the former federal policy director for MPP, emailed some of his co-workers before he left, saying the “industry is taking over the legalization movement and I’m not interested in the industry.”

As the Times noted, MPP also last month established a new political campaign “funded by marijuana industry revenues.”

Riffle, who

…

MPP Expert Quits, Cites Industry Takeover of Legalization Movement is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Australian Firm Eyes California Medical Marijuana Market

Another recently formed company based in Australia is aiming to get a piece of the American medical marijuana market, and this one also hopes to get listed on the Australian Stock Exchange.

RxMM Health, which is based in Perth, was created by Boston Securities Group on behalf of an American and Australian consortium in November. The new firm intends to supply the Californian market with pharmaceutical-grade medical cannabis.

Strategically, RxMM plans to establish a vertically integrated “Farm to Pharma” business model, according to its website, with operations across the supply chain, including cultivation, product development, and distribution in regulated

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Australian Firm Eyes California Medical Marijuana Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Massachusetts MJ Legalization Campaigns Face Deadline

The two competing campaigns in Massachusetts trying to get recreational marijuana legalization measures in front of voters next November face a Wednesday deadline to submit signatures.

The Campaign to Regulate Marijuana Like Alcohol, which is backed by the Marijuana Policy Project, announced Tuesday it would submit more than 103,000 signatures – well over the 64,750 needed to qualify for the ballot.

A spokesman for the competing group, Bay State Repeal, said in a recent interview that he was “cautiously optimistic” his organization would meet the signature requirement.

Massachusetts election officials will have to ensure the signatures are valid. In many cases,

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Massachusetts MJ Legalization Campaigns Face Deadline is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Lighting, Pesticides & the Future of Cannabis Cultivation: Q&A With Rx Green Solutions’ Head Grower

By Becky Olson

Jonathan Nielson is a Colorado native with nearly a decade of cultivation experience in the legal marijuana industry.

Now, he’s the master grower for Rx Green Solutions’ cannabis research and development facility in Denver, where he leads a team focused on the science of nutrients used in marijuana cultivation.

Rx Green Solutions grows cannabis specifically for a Denver medical and recreational cannabis shop. Before moving its cannabis to the store, the company conducts scientific trials designed to pinpoint an ideal nutrient mix and regimen in a bid to figure out how to increase yields and improve flower quality and

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Lighting, Pesticides & the Future of Cannabis Cultivation: Q&A With Rx Green Solutions’ Head Grower is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

State in India Legalizes Hemp Cultivation

In yet another sign that the cannabis reform movement is not just confined to the United States, the state of Uttarakhand in northern India has announced that it will allow local farmers to begin growing hemp, as long as they only sell it to the government for industrial purposes.

That means it won’t be anywhere close to the medicinal uses of cannabis in the U.S. or Canada, and regular marijuana is still prohibited. The farmers also must regulate their hemp so the THC content is only between 0.3% and 1.5%, according to the International Business Times.

That sets

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State in India Legalizes Hemp Cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs