MMJ Business Daily

Week in Review: Flurry of MJ Activity Abroad, Key California Ruling & Rise in Marijuana Demand

By John Schroyer and Omar Sacirbey

Multiple countries consider cannabis reform, a California court issues a ruling that could ripple across the MJ industry, and a new study bodes well for marijuana businesses.

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

Cannabis Going Global

There’s been a flurry of international movement this month to relax cannabis prohibition laws, and one of the biggest developments on this front happened earlier this week.

On Monday, Canadians elected a new prime minister who has vowed to legalize marijuana. If he’s successful – and

Week in Review: Flurry of MJ Activity Abroad, Key California Ruling & Rise in Marijuana Demand is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New York Helping Doctors Get Involved in MMJ Program

New York is offering a new online education course for doctors interested in recommending medical marijuana, a move that could help ensure dispensaries have a robust patient market to serve.

The idea is to give doctors the information they need to recommend medical marijuana treatments for patients, which will help get more health care professionals involved in the program.

Doctor participation can play a huge role in how big a state’s MMJ market is – and thus how much in revenues it generates.

The four-hour course, which costs $249, covers a variety of issues, ranging from the benefits and risks of

New York Helping Doctors Get Involved in MMJ Program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Edibles Company Wana Expands Across State Lines

Yet another edibles provider is expanding beyond its home state in a bit to develop a national cannabis brand.

Colorado-based Wana Brands has found a partner in Oregon Bud Company, a medical marijuana dispensary that will manufacture the company’s product line and act as a wholesale distributor. Wana is also looking for a partner in Nevada so it can begin selling its edibles in both states within the next six months.

The company is looking to expand internationally and into other states as well by “actively pursuing partnerships through licensing agreements,” a spokeswoman said in an email.

The firm isn’t limiting

Edibles Company Wana Expands Across State Lines is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Firm Closes $1.3M Deal on 332-Acre Site in Colorado for Enormous Cannabis Cultivation Operation

By John Schroyer

A construction firm has purchased 332 acres in southern Colorado for a massive outdoor cultivation site that could change the face of marijuana growing in the state.

Martra Holdings and its subsidiary, Martra Development, finalized the land purchase this week after working on the deal with the tiny hamlet of Walsenburg.

The company bought the land – located roughly two and a half hours by car south of Denver – for $1.3 million and intends to spend the winter and early spring building utility infrastructure on the property. It then plans to begin constructing state-of-the-art greenhouses for

Firm Closes $1.3M Deal on 332-Acre Site in Colorado for Enormous Cannabis Cultivation Operation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Union Makes Headway in Oregon’s Cannabis Industry

A major union has recently carved out a tiny foothold in Oregon’s cannabis market and hopes to increase its membership in the state dramatically down the road.

United Food and Commercial Workers (UFCW) now represents a handful of workers at  the West Salem Cannabis and Hi Casual Cannabis dispensaries. The union, however, says that more than 40 marijuana businesses in Oregon have reportedly expressed interest in joining its local chapter, which covers the entire state as well as southwestern Washington State.

Provisions in contracts for workers represented by the UFCW include wage guarantees, regular raises, healthcare, safety requirements and retirement options. Union advocates say

Union Makes Headway in Oregon’s Cannabis Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Mexico’s Top Court to Weigh Limited Marijuana Legalization

Mexico’s Supreme Court will consider a case next week that may help marijuana legalization efforts in the country.

Judge Arturo Zaldivar, one of five Mexican Supreme Court Justices, recently made a recommendation to allow personal cultivation and use of marijuana. The court will take up the issue at a hearing on Oct. 28.

Optimism should be tempered, however, as the business impact would be minimal, and a pro-legalization ruling is no guarantee.

The move would only apply to the plaintiffs in the case, the Mexican Society for Tolerant and Responsible Personal Use. Members of the group would only be able to grow

Mexico’s Top Court to Weigh Limited Marijuana Legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Poll: 58% of Americans Support Cannabis Legalization

For the third year in a row, a Gallup poll has found that the majority of Americans favor legalizing cannabis.

The latest study, which included a random sample of just over 1,000 Americans, found that 58% support the legalization of marijuana, tying the mark set in 2013. Support dropped to 51% in last year’s poll but rebounded in 2015, possibly because of relatively few problems in states that have legalized thus far.

“People can see that legalizing and regulating marijuana is going quite well in states like Colorado and Washington,” Mason Tvert, communications director for Marijuana Policy Project,

Poll: 58% of Americans Support Cannabis Legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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DC Think Tank: Feds Should Quit Hampering MMJ Research

An influential think tank in Washington DC issued a report Tuesday calling on the federal government to quit obstructing scientific research when it comes to medical cannabis.

“The federal government is stifling medical research in a rapidly transforming area of public policy that has consequences for public health and public safety,” the report, released by the Brookings Institution, reads. “It is increasingly important that the scientific community conduct research on (medical marijuana).”

Barriers to cannabis research have hampered the medical marijuana industry’s growth, as there are few credible scientific studies examining the potential health impacts of

DC Think Tank: Feds Should Quit Hampering MMJ Research is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Canadian Election Results May Spawn Big Marijuana Business Opportunities North of the Border

By John Schroyer

This week will likely go down as a historic one for Canada’s marijuana industry.

The surprise election of Justin Trudeau as prime minister – coupled with the Liberal Party’s takeover of Parliament – could lead to a new wave of business opportunities for cannabis companies both in Canada and the United States.

Trudeau promised repeatedly on the campaign trail to legalize recreational marijuana if he was elected, and his Liberal Party now has a clear avenue to make good on that promise.

Canada, therefore, appears poised to become the second country in the world after Uruguay to

Canadian Election Results May Spawn Big Marijuana Business Opportunities North of the Border is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New Poll: Voters Split on Ohio MJ Legalization Measure

The latest poll in Ohio indicates that the vote on a controversial marijuana legalization measure could come down to the wire next month.
Issue 3, which would legalize both medical and recreational cannabis in Ohio, is splitting voters down the middle,…

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