By Tony C. Dreibus
When news broke that U.S. Attorney Melinda Haag is leaving office, some California dispensary owners may have wanted to play a song from the “Wizard of Oz” about the demise of an undesirable character out West.
But don’t celebrate …
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A pair of cannabis advocacy groups separately filed paperwork on Wednesday to get full marijuana legalization on the 2016 ballot in Massachusetts.
But the outcome is anything but certain, given that the two groups will likely be fighting each other as …
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GW Pharma appears poised to enter the United States cannabis market.
The British company reportedly could get clearance from the U.S. Food and Drug Administration for a CBD-based product by early next year.
The drug, called Epidiolex, previously received fast-track status from the FDA and is now in the final Phase 3 study for pediatric epilepsy disorders, according to the Huffington Post. Results are expected in the first quarter of next year.
Epidiolex is expected to “breeze through this final stage,” and it could be on the market in the first half of 2016, the site
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GW Pharma Could Win FDA Approval in Early 2016 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Recreational marijuana sales in Washington State fell for the first time since stores opened last summer, ending a long string of sizable monthly increases.
Retail shops reported $31.4 million in cannabis sales in July, down almost 6% from June, accord…
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Companies spent millions of dollars combined trying to win one of New York’s five coveted medical marijuana business licenses, but investors aren’t exactly bullish on the market’s potential now that permits have been awarded.
Many institutional investors are concerned with state limits on the MMJ industry in New York, expressing concerns that each licensed company can only have four dispensaries statewide (for a grand total of 20 storefronts) and that the qualifying medical conditions list is relatively short.
“We believe it’s going to be an extremely limited market,” the CEO of Invest in Cannabis told
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Investors Not Exactly Stoked About New York’s MMJ Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By John Schroyer
With less than a month of sales under its belt, one of Minnesota’s two licensed medical marijuana companies is adjusting its business model to cope with unexpected challenges.
Minnesota Medical Solutions, also known as MinnMed, recently announced that it is raising prices across the board at its dispensaries by an average of 15-20%. The company also said it might delay opening its other two dispensaries until the climate improves.
The move shows how difficult it can be for businesses to predict demand and set prices in a new market – especially one as unique
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Difficult Market Conditions Lead to Medical Marijuana Price Hike in Minnesota is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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A colorful and well-known former doctor from the land Down Under may be making his professional debut in the United States cannabis industry sometime soon.
Ex-physician Geoffrey Edelsten told the Daily Telegraph that he has a business partner in Canada who has already won a license to grow medical marijuana in Nevada, and that the two “plan to buy a range of marijuana dispensaries in the U.S.”
Edelsten has also had varying other entrepreneurial stints, including as the owner of the Sydney Swans soccer team and a record production company. Once he got into medicine, Edelsten became famous for
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Eccentric Australian Entrepreneur Eyeing U.S. Cannabis Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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A company that holds medical cannabis business licenses in several states received a tentative green light from zoning board officials to open the first dispensary in Boston despite resistance from locals.
Patriot Care Corp. initially had trouble getting officials to sign off on the dispensary after members of a downtown business group voted to oppose the dispensary, calling it a “step in the wrong direction” for the neighborhood.
A recent poll also found that almost 60% of nearby residents are against the business’s location, as are local law enforcement officials.
Boston’s Zoning Board of Appeals delayed
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Business Wins Approval to Open Boston Dispensary is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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A Maryland clinic offering consulting services to prospective medical cannabis patients more than a year before the state’s MMJ program takes effect is drawing mixed reviews from industry and state officials.
Greenway Consultation – which provides information and guidance but doesn’t actually sell marijuana – opened its doors in June and has already seen more than 100 patients. It has a total of three consultants and three physicians, though none are registered with the state’s Medical Cannabis Commission to recommend MMJ to patients.
The fact that the clinic is consulting with patients before regulations on the
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Maryland MMJ Clinic Generating Controversy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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By Tony C. Dreibus
The cannabis industry has experienced a handful of high-profile banking setbacks this year, deflating hopes that marijuana companies, state lawmakers and financial institutions will be able to come up with workable solutions anytime soon.
The last roadblock came last month, when the U.S. Federal Reserve Bank of Kansas City denied a Colorado credit union a master account.
The account would have allowed the financial institution – The Fourth Corner Credit Union – to conduct electronic transactions and process checks and credit and debit cards. Without that account, the credit union can’t move forward.
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Latest Setback For Marijuana Banking Underscores Importance of Federal Change is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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