MMJ Business Daily

High Times moves to raise $50M by selling shares at $11

The parent company of the longtime cannabis-centric publication High Times magazine has filed paperwork to raise $50 million by selling shares at $11 each. The initial public offering reinforces that the magazine’s parent company still intends to…

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Marijuana Business Daily 2018-01-30 06:30:08

The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will generate billions of dollars in sales and create tens of thousands of busin…

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Two Canadian cannabis producers each look to raise CA$70 million

Canada’s licensed marijuana producers continue to raise capital at a record clip to fund overseas expansion plans and boost domestic production capacity ahead of legalization this summer. It took only 10 days for the country’s cannabis industry t…

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Bronnor marijuana vape pens recalled in Colorado over ethanol concerns

Colorado regulators have issued a recall of vaporizer pens made by the Bronnor Corp. According to Westword, the Colorado Department of Taxation issued a public safety advisory Jan. 24 stemming from potentially unsafe levels of residual ethanol in a pro…

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Move afoot to test Arizona’s medical cannabis

A Republican lawmaker has persuaded nearly the entire Arizona legislature to sign on in support of his proposal to require medical marijuana to be tested for mold and agricultural chemicals. The proposal from Sen. Sonny Borrelli would appropriate $2 mi…

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Maine panel moves to delay medical marijuana rules

A Maine legislative panel wants to delay medical marijuana rules that would crack down on caregivers, who are playing an increasing role in the state’s MMJ industry. The Legislature’s Health and Human Services Committee unanimously voted to…

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Canadian producers no longer must store cannabis in bank-like vaults

Health Canada has introduced new security measures that could save early stage cultivation applicants hundreds of thousands of dollars and improve operational efficiencies for current producers, according to analysts. Effective immediately, marijuana p…

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Aphria buys Nuuvera for CA$820 million, plans to ‘dominate’ international marijuana market

Mergers and acquisitions in Canada’s marijuana sector are showing no signs of letting up. The latest deal brings together one of the largest and lowest-cost medical marijuana producers in Canada and a company with an extensive international footprint. …

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Enormous Michigan marijuana business park ahead of schedule

A 130-acre business park aiming to be the largest medical marijuana industrial center east of the Mississippi River is well on its way toward becoming operational in the second quarter of 2018, another sign that the state’s MMJ industry is thrivi…

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Colorado hemp grower wins processing appeal

A western Colorado town is changing its land development rules to allow CBD extraction from hemp, a change prompted by a hemp grower who appealed zoning rules that allowed him to grow hemp but not process it. David Cox, who is licensed to grow 100 acre…

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