Talk about planning ahead.
One of the five companies that received initial approval for a medical cannabis business license in New York is planning for a January opening near Union Square in Manhattan.
Columbia Care, which also has licenses in Arizona,…
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By Becky Olson
The cannabis industry has witnessed an internal arms race in recent years, with marijuana growers and infused products companies trying to top each other by boosting THC levels in their offerings to new heights.
But another trend has eme…
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By John Schroyer
Under the gun and almost out of time, lawmakers in California approved historic regulations on the state’s medical marijuana industry late Friday night, setting the stage for the largest MMJ market in the country to finally adopt comprehensive rules on cannabis businesses.
Legislators approved a package of three separate bills, all of which were contingent upon each other, just as the 2015 legislative came to a close.
The bills head now to Gov. Jerry Brown, who is expected to sign them.
The measures – Assembly Bills 266 and 243, and Senate Bill
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Breaking: California Lawmakers Vote to Adopt Statewide Medical Marijuana Regulations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Canadian firm OrganiGram Holdings announced that it has closed on a $3 million round of financing, which the company will use to bolster its medical cannabis production site in New Brunswick.
Duce Holdings and Denaco Group will provide $1 million in exchange for 200,000 common shares of OrganiGram’s stock, while Farm Credit Canada will provide a $2 million long-term loan. Farm Credit recently doled out the first $1 million and will provide the rest of the loan over time.
The deal is particularly notable given that some licensed cannabis companies in Canada are struggling with lower-than-expected patient counts
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Canadian MMJ Producer Closes $3M Funding Round is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Key lawmakers in California have agreed on the specifics of a proposal to regulate the state’s medical marijuana industry, raising hopes that the Legislature can push through MMJ rules before it adjourns today.
The proposal involves a package of three bills that will need to be amended and passed by both the state Senate and Assembly today before going to Gov. Jerry Brown, according to a press release from state Sen. Mike McGuire’s office.
Supporters are optimistic that they have enough support in the California Legislature to pass the bills.
Under the measures, “every aspect of the commercial medical marijuana
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California Moves Big Step Closer to MMJ Regulations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By John Schroyer
The first dispensary in Massachusetts sees an explosion of customers in its first two months of operation, Denver issues a recall involving concentrates, and a medical cannabis company in Minnesota delays opening more dispensaries.
Here’s a closer look at several notable developments in the marijuana industry over the past week.
Mass MMJ Appeal in MA
Talk about hitting the ground running.
The first dispensary in Massachusetts threw open its doors to patients in June, and over the next two months the company served as many customers as it expected to see in
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Week in Review: Stellar Start for MMJ in Massachusetts, Cannabis Recall in Denver & Delays in Minnesota is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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The Illinois Department of Public Health has announced that it won’t add new qualifying conditions to the state’s medical cannabis program at this time, a big blow to cannabis businesses that were hoping officials would help expand the market for MMJ.
The decision comes after a state panel recently recommended adding 11 new conditions – including post-traumatic stress disorder, migraines and irritable bowel syndrome – to the list of qualifying ailments for medical cannabis.
Illinois does allow MMJ use for 39 conditions, but most of them only affect a small sliver of the state’s population.
The
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Illinois Won’t Expand List of Qualifying Conditions for MMJ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Detroit officials are finalizing a draft of proposed regulations on the city’s dispensaries, which continue to pop up like dandelions even though they are technically illegal under state law.
Councilman James Tate said he’s putting final touches on an ordinance to govern the city’s growing number of unregulated dispensaries amid concerns that the businesses are fostering violence and engaging in unscrupulous activities.
Proposed regulations in an early draft would require dispensaries to become licensed by the city and locate at least 2,000 feet away from a school, daycare, city recreation center, library or museum. They would also have
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Detroit Crafting Proposed Regulations on Dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Maryland cannabis entrepreneurs scored a victory this week after the Baltimore County Council adopted zoning regulations that are much more favorable for medical marijuana businesses than the initial draft of proposed rules.
The council voted to pass z…
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By John Schroyer
LivWell has quickly built a cannabis empire in Colorado, growing from one dispensary in 2010 to nearly a dozen medical and recreational marijuana storefronts that generate tens of millions of dollars in sales annually.
It’s now one of the largest marijuana retail chains in the state – and in the country, for that matter.
While navigating its meteoric growth, the company has had to adjust to new regulations and numerous challenges along the way. One of the latest examples: LivWell, which operates massive grow sites to supply its storefronts, was caught up in a
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Expansion, Pesticides and Colorado’s Marijuana Tax Holiday: Q&A With LivWell Owner John Lord is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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