MMJ Business Daily

Hendrix Family Member Ramps Up Cannabis Business

Purple Haze Properties, a company run by the younger brother of rock legend Jimi Hendrix, is increasing its presence in the cannabis industry with several new products.

The company revealed on Monday a trio of deals designed to capitalize on Hendrix’s ongoing fame, including packages of pre-rolled joints, a line of disposable cannabis vaporizers and new Zippo lighters featuring Hendrix’s name and likeness.

The deals are all separate – with different manufacturers and distributors – and build on Purple Haze Properties’ recent entry into California’s medical cannabis industry with Jimi’s Medicated Macaroons, according to LA Biz.

The

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Hendrix Family Member Ramps Up Cannabis Business is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis Business Course Goes Online

The Cannabis Career Institute (CCI) and Dunlap-Stone University, an online university in Phoenix, announced Sunday that they have collaborated on a nationally accredited online cannabis-education program entitled “The Modern Cannabis Industry,” which begins Dec. 10.

According to the course description, the six-week online class is an elective in the healthcare administration program.

The course “explores the modern cannabis industry from the perspective of the emerging industry and its career possibilities” while “emphasis is placed on understanding the various emerging career opportunities within the industry.”

The course also examines legal issues and other challenges facing the marijuana industry,

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Cannabis Business Course Goes Online is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Ontario Tribe Getting Into Medical Cannabis Cultivation

The Wahgoshig First Nation tribe in the Canadian province of Ontario has inked an agreement to start a medical marijuana grow on its reservation.

The deal represents a significant economic development investment for the tribe and provides critical funding for its partner in the agreement, DelShen Therapeutics, to expand its medical marijuana operations.

Under the agreement, the tribe will convert a former forestry operation into a pharmaceutical cannabis grow facility, according to a press release. The operation will cost about $13.5 million, with the Wahgoshig contributing about $1.5 million of the cost in the form of convertible debentures.

The partnership between

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Ontario Tribe Getting Into Medical Cannabis Cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart of the Week: Ample Inventory, Knowledgeable Budtenders Critical for Rec Customers

By Becky Olson

Recreational marijuana legalization has brought more new cannabis users into the fold than ever before, creating a burgeoning market in states that have launched adult-use sales.

So what are these consumers looking for when visiting a licensed shop, and how can businesses cater to this demographic?

Recreational customers are a diverse bunch, and their wants and needs differ from medical marijuana patients in some key ways.

About a third of consumers in recreational markets are truly new users who didn’t consume cannabis before it was legal in their state,

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Chart of the Week: Ample Inventory, Knowledgeable Budtenders Critical for Rec Customers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Denver Extends Marijuana Moratorium Until May

Denver will extend a moratorium on new players in the city’s recreational cannabis industry until May – rather than another two years as initially proposed – to study the issue further before deciding whether to implement a longer ban.

The current moratorium that only allows existing medical marijuana businesses to get into the recreational cannabis industry is set to expire on Jan.1.

The city council had been considering extending the moratorium for another two years, but this week officials announced that they would walk that back to a four-month ban, according to the Denver Post.

The council could still decide to

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Denver Extends Marijuana Moratorium Until May is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: Florida CBD Licenses, Alaska Marijuana Regulations & California’s Black Market

By John Schroyer

Florida announces CBD license winners as the state considers major changes to the program, Alaska debates recreational cannabis regulations, and California medical cannabis growers voice concerns over new rules.

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

Florida Licensing

Florida this week revealed the five nurseries it’s chosen to produce low-THC, high-CBD medicine for a select group of medical patients in the state. But it might be a little early for the five winners to celebrate – there are multiple major changes still afoot that

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Week in Review: Florida CBD Licenses, Alaska Marijuana Regulations & California’s Black Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

CannLabs Closes Colorado Lab, Lays Off Employees

CannLabs, one of the most prominent marijuana testing labs in the country, has closed its Colorado facility and laid off 15 employees, citing financial problems and issues surrounding the termination of former CEO Genifer Murray.

That leaves the publicly traded company with testing labs in Connecticut and Nevada, according to the Denver Post, as well as the StrainData database, a consulting wing of the business, and CannLabs’ intellectual property.

CannLabs’ Colorado laboratory was “no longer operating profitably,” a spokesman told the Post, in part because it’s been waiting on certification from the state to begin microbial

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CannLabs Closes Colorado Lab, Lays Off Employees is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maryland License Applicants Target State’s Wealthiest Counties

The hottest competition for medical marijuana dispensary licenses in Maryland is in some of the richest areas of the country.

The most competitive will be in the state’s 20th Senate District, which is part of wealthy Montgomery County and borders Washington DC, according to a breakdown of MMJ business license applications released by the Maryland Medical Cannabis Commission.

Maryland has five of the 20 most affluent counties in America based on census income figures, with Montgomery County – which received 172 of the state’s 811 dispensary applications – ranking 11th.

All but three of the 20th Senate District’s applicants

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Maryland License Applicants Target State’s Wealthiest Counties is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Macedonia Weighs Medical Marijuana Legalization

The Balkan nation of Macedonia may become the latest country to legalize medical marijuana.

The country’s health ministry is in extensive consultations with doctors, pharmacologists, legalization advocates, cancer patients and others about making marijuana treatments available to people suffering from serious illnesses, and held the first public debate about the topic on Sunday, according to Balkan Insight.

An opinion poll from September found that 70% of Macedonians support permitting people to use marijuana products to treat cancer and other serious diseases. The same poll found that 34% of Macedonians support general marijuana legalization, while 63% are opposed.

Macedonia,

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Macedonia Weighs Medical Marijuana Legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California Wildfires Highlight Insurance Challenges, Importance of Location for Cannabis Growers

By Omar Sacirbey

Wildfires raging through northern California since early summer have destroyed hundreds of cannabis farms, causing millions of dollars in damage to cultivation sites and adding complications to an industry already facing myriad hurdles.

The fires bring to the forefront several issues facing growers in unregulated medical cannabis states. They also provide lessons in the realms of insurance, crop location and client relationships.

Much of the damage occurred in federal wilderness land where illegal grows are located, and most of that cannabis works its way out of state rather than into California dispensaries.

But a sizable number of growers serving the

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California Wildfires Highlight Insurance Challenges, Importance of Location for Cannabis Growers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs