MMJ Business Daily

GOP Presidential Contenders Debate Marijuana

For perhaps the first time ever, marijuana legalization was a topic in a primetime presidential debate.

On Wednesday night, several of the 11 Republican candidates for the party’s presidential nomination weighed in on Colorado’s cannabis laws – without mentioning that three other states and the District of Columbia have also legalized recreational marijuana.

U.S. Sen. Rand Paul of Kentucky and former Florida Gov. Jeb Bush sparred over the topic but said they would continue to allow states to chart their own courses on cannabis reform without interfering.

“What goes on in Colorado, as far as I’m

GOP Presidential Contenders Debate Marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Guest Column: Preparing for Recreational Marijuana Sales in Oregon

By Matt Walstatter
October is rapidly approaching.
When the first of the month arrives, Oregon medical marijuana dispensaries will be allowed to sell limited amounts of cannabis to anyone over 21.
As you might imagine, local growers and retailers are …

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Willie Nelson Partners With Tuatara Capital

Legendary country singer Willie Nelson has chosen New York-based equity firm Tuatara Capital as a new partner in his venture into the legal cannabis industry.

Nelson and Tuatara are planning on funding the growth and distribution of Willie’s Reserve, a new cannabis strain that will be sold initially only in Colorado and Washington State, and in other recreational markets as they emerge.

Tuatara will lead an investor group that will help finance the setup of the business, according to a press release.

Nelson announced earlier this year that he’s planning on founding a new string of

Willie Nelson Partners With Tuatara Capital is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Vegas Dispensary Reopens After Running Out of Inventory

Euphoria Wellness, the first medical cannabis dispensary in the tourist hub of Las Vegas, was forced to shut down last Wednesday after it ran out of product to sell to customers.

But it reopened on Tuesday after finding a new supplier, according to the Las Vegas Review-Journal.

The problem arose partially because of demand – the shop sold to nearly 2,000 patients between when it opened in late August and mid last week. Additionally, a high ratio of Euphoria’s inventroy failed strict state-mandated safety tests. Nevada has what equates to a “zero-tolerance policy” when it comes to pesticides

Vegas Dispensary Reopens After Running Out of Inventory is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Marijuana Software Exec Wins Fortune Magazine Award

The march towards mainstream acceptance continues for the marijuana industry.

An executive with MJ Freeway, a woman-owned cannabis software company in Denver, has been named as one of eight recipients of Fortune Magazine’s 2015 Most Promising Women Entrepreneur Award.

Jessica Billingsley, co-founder and chief operating officer of the company, will accept her award at a two-day summit in Washington, DC in mid-October. Billingsley is the first woman from the cannabis industry to receive the award.

“The Most Promising Women Entrepreneurs add so much to the Fortune Most Powerful Women community by sharing how they create companies from scratch and scale their organizations

Marijuana Software Exec Wins Fortune Magazine Award is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Storm Clouds Ahead for Illinois Medical Cannabis Businesses After Program Expansion Shot Down

By John Schroyer
Medical cannabis startups in Illinois have been worried about the state’s low MMJ patient count for months now, but they’ve held out hope that officials would expand the list of qualifying conditions and help boost the market before sa…

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Number of WA Recreational Cannabis Shops Could Triple

A new law that essentially folds Washington State’s medical cannabis industry into its recreational program could lead to a boom in the number of licensed marijuana stores.

There are an estimated 800 unregulated and unlicensed dispensaries in Washington, all of which may apply for state permits under the new law. Around 400 may be eligible to receive licenses, according to KUOW.org.

Currently, the state has licensed 196 recreational marijuana shops.

The bottom line is that there’s no strict cap on the number of new licenses that may be granted, Washington Liquor and Cannabis Board spokesman Brian Smith told

Number of WA Recreational Cannabis Shops Could Triple is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Canadian Election Could Usher in Big Changes for Cannabis Industry

Canada’s medical cannabis industry could undergo a big shift if the controlling Conservative Party loses power in the upcoming fall election.

Some observers say a changing of the guard to either the Liberal Party of Canada or the New Democratic Party (NDP) would accelerate the industry’s growth, possibly pave the way for the entrance of tobacco and pharmacy companies, and cut red tape for licensed medical marijuana businesses.

The Liberal leader has promised to legalize and regulate cannabis if elected; the NDP leader would decriminalize it.

“We have the most anti-weed party in power right now,” Khurram Malik, an analyst

Canadian Election Could Usher in Big Changes for Cannabis Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Excitement, Uncertainty & Plenty of Questions Surround California’s MMJ Regulations

By John Schroyer

What’s next?

That’s the question many medical cannabis business owners, investors and entrepreneurs are asking now that California is poised to enact statewide medical marijuana regulations via three separate bills that lawmakers approved late last week.

Altogether, the bills include 79 pages of new regulations that the industry must adapt to – provided the governor signs the measures. He has until Oct. 11 to do so, and many observers expect him to sign the bills in short order. There’s also still likely another year of further rulemaking that a state commission will start working on

Excitement, Uncertainty & Plenty of Questions Surround California’s MMJ Regulations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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NORML Hesitantly Backs Ohio Legalization Initiative

A campaign to legalize medical and recreational cannabis in Ohio has garnered a big endorsement from NORML, but the marijuana lobbying organization isn’t thrilled  with a key business-related aspect of the measure.

NORML decided to get behind Issue 3, the legalization measure being pushed by ResponsibleOhio. However, it expressed concern that the initiative calls for just 10 legal cultivation sites, all of which would be owned by wealthy campaign investors.

Keith Stroup, who founded NORML in 1970 and is now legal counsel for the organization, wrote on the organization’s website that such a restriction is a

NORML Hesitantly Backs Ohio Legalization Initiative is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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