MMJ Business Daily

NY Firm Pledges $5M for Cannabis Research if Awarded License

A company vying for a medical marijuana license in New York said it will dole out $5 million to academic and research institutions to study cannabis if it wins a state permit. Fiorello Pharmaceuticals said it will grant $1 million to the Institute of Chemical Biology and Drug Discovery at Stony Brook University and another […]

NY Firm Pledges $5M for Cannabis Research if Awarded License is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Early Oregon Rec Sales Would Provide Lifeline for Some Dispensaries, Big Profits for Others

By John Schroyer The fate of some Oregon medical marijuana businesses rests in the hands of Gov. Kate Brown. A measure that would allow the state’s 310 licensed dispensaries to begin selling recreational cannabis on Oct. 1 now sits on Brown’s desk, and she can either veto the bill or sign it into law. Her […]

Early Oregon Rec Sales Would Provide Lifeline for Some Dispensaries, Big Profits for Others is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Louisiana 2+ Years Away From MMJ Sales

Louisiana officials are predicting it will take at least two years for the state’s first dispensaries to get up and running, though it’s still questionable whether sales will ever begin under the current program. State Agriculture Commissioner Mike Strain said on Monday that his department and other agencies will have to jump through numerous hoops […]

Louisiana 2+ Years Away From MMJ Sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Opening of Cannabis-Friendly Resort in Colorado Delayed

A company hoping to launch an all-inclusive vacation resort catering to cannabis users has delayed its opening due to a misunderstanding with the partner in charge of procuring land for the project. MaryJane Group had planned to open CannaCamp Bud+Breakfast last week on a 170-acre ranch near Durango, Colorado. The resort promised a host of […]

Opening of Cannabis-Friendly Resort in Colorado Delayed is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Chart of the Week: Women Becoming Bigger Part of Medical Marijuana Market in Colorado

By Becky Olson The face of medical marijuana in Colorado is changing. Women make up a larger share of the patient population in Colorado than at any other time since the industry’s birth in 2009, with females accounting for 35% of the patient base today compared with 28.5% six years ago, according to reports from […]

Chart of the Week: Women Becoming Bigger Part of Medical Marijuana Market in Colorado is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Week in Review: Dispensaries Open in 3 States + Congressman’s Take on Marijuana Progress

By John Schroyer Dispensaries finally open their doors in several states – including two that passed medical marijuana laws years ago – and a key member of Congress sounds off on federal cannabis reform. Here’s a closer look at two notable developments in the marijuana industry over the past week. Opening Day In the past 10 […]

Week in Review: Dispensaries Open in 3 States + Congressman’s Take on Marijuana Progress is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Denver MJ Growers Major Contributor to Rise in Energy Use

Marijuana cultivation facilities have been specifically identified as a key contributor to Denver’s increasing electric use, undermining the city’s goal of reducing energy usage. Electricity use in the city has been rising at a rate of 1.2% a year, the Denver Post reported, citing city officials. About 45% of that increase comes from grow sites. […]

Denver MJ Growers Major Contributor to Rise in Energy Use is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Alaska Governor Names 5 to Marijuana Control Board

Five Alaskans were appointed to a board that will craft laws governing the state’s recreational marijuana industry. Gov. Bill Walker named a police chief, a former director of Alaska’s Division of Alcoholism and Drug Abuse, a city council member and two representatives from the Coalition for Responsible Cannabis Legislation to the state’s new Marijuana Control […]

Alaska Governor Names 5 to Marijuana Control Board is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Tax Shift in Washington State Could Ease Burden on Businesses, Lower Cannabis Prices

By John Schroyer A big change is afoot for Washington State’s recreational marijuana industry. On Tuesday, Gov. Jay Inslee approved a bill that replaces Washington’s original three-tiered tax structure on adult-use cannabis with a single 37% excise tax, to be levied at the point of sale in recreational shops. The move attempts to address one […]

Tax Shift in Washington State Could Ease Burden on Businesses, Lower Cannabis Prices is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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New York Could Reveal MMJ License Winners Soon

The New York Health Department may announce winners of the five medical cannabis licenses up for grabs in the state as soon as Friday, according to a report in Fortune. The move would give companies enough time to start their operations and begin growing medical cannabis so they can meet demand when sales start next […]

New York Could Reveal MMJ License Winners Soon is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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