MMJ Business Daily

18 May 2015
Posted by Mary Jane
Category MMJ Business Daily

Chart of the Week: Valuation Estimates From Marijuana Businesses Seeking Funding

By Becky Olson More than half of existing marijuana businesses are seeking additional financial backing or plan to do so later this year, while most cannabis firms preparing for launch need capital as well, according to data in the newly released 2015 Marijuana Business Factbook. So how much do executives with these companies think their […]

Chart of the Week: Valuation Estimates From Marijuana Businesses Seeking Funding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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15 May 2015
Posted by Mary Jane
Category MMJ Business Daily

FDA Says CBD Products Don’t Qualify as Dietary Supplements

The U.S. Food and Drug Administration has ruled that cannabidiol products don’t fit under the legal definition of dietary supplements and therefore can’t be marketed as such under the federal Food, Drug and Cosmetic Act. The news could force many companies already producing CBD products across the country to either revise their marketing strategies or […]

FDA Says CBD Products Don’t Qualify as Dietary Supplements is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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15 May 2015
Posted by Mary Jane
Category MMJ Business Daily

Edibles Producer May Beef Up Offerings With Infused Meats

Infused products companies are known for their cookies and candies, but producers are getting creative by adding cannabis to everything from spaghetti sauce to, now, meat. Colorado’s The Sausage Queen plans to sell marijuana-infused jerky, sausage, smoked salmon and chocolate-covered bacon in recreational shops and medical marijuana dispensaries, the Aspen Times reported. While the company […]

Edibles Producer May Beef Up Offerings With Infused Meats is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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15 May 2015
Posted by Mary Jane
Category MMJ Business Daily

Week in Review: WA Reaching Out to Tribes, Banks Explain MJ Stance + Ohio Campaign Boost

By John Schroyer and Tony C. Dreibus Washington State sets up a process to work with Native American tribes interested in marijuana, large banks reveal why they won’t touch the cannabis industry, and an Ohio legalization campaign gets a big-name backer – as well as some more money for its enormous war chest. Here’s a […]

Week in Review: WA Reaching Out to Tribes, Banks Explain MJ Stance + Ohio Campaign Boost is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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15 May 2015
Posted by Mary Jane
Category MMJ Business Daily

Breaking: Another Bank Pulling Back From Marijuana Industry

By John Schroyer There’s more bad news on the banking front for cannabis companies. First Security Bank of Nevada, which began working with the nascent medical marijuana industry in the state last year, has decided to reverse course because of compliance issues, its chairman told Marijuana Business Daily Friday morning. “The board has decided to (essentially) […]

Breaking: Another Bank Pulling Back From Marijuana Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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15 May 2015
Posted by Mary Jane
Category MMJ Business Daily

Breaking: Another Bank Pulling Back From Marijuana Industry

By John Schroyer There’s more bad news on the banking front for cannabis companies. First Security Bank of Nevada, which began working with the nascent medical marijuana industry in the state last year, has decided to reverse course because of compliance issues, its chairman told Marijuana Business Daily Friday morning. “The board has decided to (essentially) […]

Breaking: Another Bank Pulling Back From Marijuana Industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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14 May 2015
Posted by Mary Jane
Category MMJ Business Daily

License Problems Lead to Layoffs at Cannabis Chain

A marijuana baron in Colorado has been forced to lay off roughly 45% of his workforce because his business licenses have all been put on hold by the state. Shawn Phillips, who owns nine cannabis shops around the state and holds 39 licenses, was told by the state’s Marijuana Enforcement Division (MED) that his applications […]

License Problems Lead to Layoffs at Cannabis Chain is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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14 May 2015
Posted by Mary Jane
Category MMJ Business Daily

License Problems Lead to Layoffs at Cannabis Chain

A marijuana baron in Colorado has been forced to lay off roughly 45% of his workforce because his business licenses have all been put on hold by the state. Shawn Phillips, who owns nine cannabis shops around the state and holds 39 licenses, was told by the state’s Marijuana Enforcement Division (MED) that his applications […]

License Problems Lead to Layoffs at Cannabis Chain is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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14 May 2015
Posted by Mary Jane
Category MMJ Business Daily

New DEA Chief to Focus Less on Cannabis

The incoming head of the Drug Enforcement Administration reportedly will focus less on marijuana and instead put more resources toward harder drugs such as heroin, which could relieve some pressure on cannabis businesses in states without strong regulations on the industry. Chuck Rosenberg – who served as chief of staff to the director of the […]

New DEA Chief to Focus Less on Cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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14 May 2015
Posted by Mary Jane
Category MMJ Business Daily

Smaller Players Squeezed Out of NY Licensing Process

Strict rules, huge financial requirements and stiff competition appear to be deterring smaller businesses from vying for medical marijuana licenses in New York – which is what some observers expected would happen all along. Take the case of Adam Kurtz, who has grown flowers on a farm in New York for nearly three decades. He […]

Smaller Players Squeezed Out of NY Licensing Process is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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