MMJ Business Daily

Company Begins Selling CBD Pills Across Europe

An Australian medical cannabis firm has started selling hemp-derived CBD pills online in Europe, highlighting potential international opportunities for companies that make cannabidiol-infused products.

MMJ PhytoTech is now selling 30-pill boxes of the capsules – called Satipharm – for 89 Euros, or just under $100, according to The Independent. The pills are manufactured in Switzerland and registered in Germany, and they are produced from hemp, not marijuana.

MMJ PhytoTech says on its website that it has seen “strong interest from retail customers,” The Independent reported.

The company is marketing the pills as treatment for a host of ailments, including

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Company Begins Selling CBD Pills Across Europe is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Major Canadian MMJ Merger Closes

Tweed Marijuana has completed its blockbuster acquisition of Bedrocan Cannabis, creating a dominant force in Canada’s MMJ industry.

The all-stock deal between the publicly traded companies was valued at roughly $61 million Canadian dollars when it was announced earlier this year.

Bedrocan shareholders own about 40% of the new company, while Tweed shareholders own 60%, according to 24/7 Wall St.

The merged company has more than 5,600 MMJ patients as customers and will soon process MMJ oils in addition to dried cannabis flower. Bedrocan is now operating as a unit of Tweed, according to the news

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Major Canadian MMJ Merger Closes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Major Canadian MMJ Merger Closes

Tweed Marijuana has completed its blockbuster acquisition of Bedrocan Cannabis, creating a dominant force in Canada’s MMJ industry.

The all-stock deal between the publicly traded companies was valued at roughly $61 million Canadian dollars when it was announced earlier this year.

Bedrocan shareholders own about 40% of the new company, while Tweed shareholders own 60%, according to 24/7 Wall St.

The merged company has more than 5,600 MMJ patients as customers and will soon process MMJ oils in addition to dried cannabis flower. Bedrocan is now operating as a unit of Tweed, according to the news

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Major Canadian MMJ Merger Closes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart of the Week: 4,500+ Enforcement Actions on WA Marijuana Businesses in 10 Months

By Becky Olson

The Washington State Liquor and Cannabis Board (LCB) engaged in over 4,500 enforcement actions involving licensed recreational marijuana producers, processors and retailers from September 2014 to early July 2015, according to reports from the agency.

The most common types of enforcement efforts were phone calls and premises checks, which together accounted for 65% of all actions during that time period. An additional 13% were for final license inspections, while 12% were related to investigations involving complaints against a business.

All other types of actions each represented 3% or less of the total number of actions.

An enforcement

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Chart of the Week: 4,500+ Enforcement Actions on WA Marijuana Businesses in 10 Months is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Georgia May Open Up CBD Program to Business Opportunities

Georgia is considering expanding its CBD program to allow for the production and distribution of cannabis-derived medicine, which could create opportunities for businesses to get involved.

A state medical cannabis commission is studying ways to provide CBD-based products to registered patients and determining whether Georgia should move forward in this regard, according to the Associated Press. The commission will make recommendations to state by the end of the year.

Georgia’s law allows for the possession and use of CBD oils, particularly for the treatment of seizure disorders. But there’s no way for patients to obtain the medicine without

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Georgia May Open Up CBD Program to Business Opportunities is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Colorado Revises Proposed Edibles ‘Stop Sign’ Rule

Edibles companies in Colorado won’t have to stamp their products with a red stop sign after all.

Officials crafting new regulations on marijuana edibles initially proposed a rule that would have required manufacturers to include a symbol resembling a stop sign, emblazoned with the letters “THC,” on such products.

But they have since tweaked those plans. Instead of the stop sign, regulators now want edibles companies to use a diamond-shaped symbol with “THC” inside, according to revised draft rules released this week. The marking wouldn’t have to be red, either.

The change was made after edibles

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Colorado Revises Proposed Edibles ‘Stop Sign’ Rule is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: Controversial Cannabis Mascot + Potential Big Break in MN & Florida Rec Push

By John Schroyer

A legalization campaign takes flak for its new mascot, Minnesota considers expanding its list of qualifying conditions, and more details emerge about a possible recreational marijuana measure in Florida.

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

PR Blunder in Ohio

ResponsibleOhio, the group that’s attempting to legalize both medical and recreational marijuana with a single ballot initiative in November, came under fire this week after revealing its newest supporter: a mascot.

The cartoonish-looking character, named “Buddie,” has a parodied bud of cannabis for a head,

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Week in Review: Controversial Cannabis Mascot + Potential Big Break in MN & Florida Rec Push is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Moratorium on Hemp Cultivation Licenses in Oregon

Oregon won’t issue any new licenses to grow hemp until March of next year at the earliest, the state’s agriculture department announced this week.

The agency also notified the 11 hemp growers with licenses that they won’t be allowed to expand their grow operations or add new farms to their existing permits, according to the Bend Bulletin.

That throws the future of those hemp operations into question, since some aren’t sure whether or not they’re allowed by state law to cultivate indoors during the winter, the paper reported.

To date, only nine of the 11 cultivators with licenses

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Moratorium on Hemp Cultivation Licenses in Oregon is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Little Hope for Cannabis Legalization in UK Anytime Soon

Fat chance.

That’s essentially how government officials in the United Kingdom responded to a petition calling for the legalization of marijuana.

“Substantial scientific evidence shows cannabis is a harmful drug that can damage human health,” the government’s formal response to the petition reads. “There are no plans to legalize cannabis as it would not address the harm to individuals and communities. Cannabis can unquestionably cause harm to individuals and society.”

More than 200,000 people signed an online petition asking the government to “make the production, sale and use of cannabis legal,” noting that doing so could create 10,000

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Little Hope for Cannabis Legalization in UK Anytime Soon is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

No Relief: Ruling Highlights Lack of Options for Marijuana Companies Seeking Bankruptcy Protection

By John Schroyer
Yet another court has ruled that cannabis businesses can’t get relief under federal bankruptcy laws.
So what can distressed marijuana companies do if they’re on the verge of bankruptcy? The answer may depend on which state a company is…