MMJ Business Daily

29 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

Judge Overturns Massachusetts Dispensary Denial

A Massachusetts judge has sided with a medical cannabis business over the state health department, paving the way for the company to open a trio of dispensaries. The ruling came after the company, Medical Marijuana of Massachusetts, sued the state, alleging that officials improperly denied the business licenses last June for three dispensaries it planned […]

Judge Overturns Massachusetts Dispensary Denial is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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29 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

Cannabis Entrepreneurs ‘Fantastic Example of What Makes America Great’ – Q&A With Steven Levitt

By Chris Walsh Steven Levitt has spoken with a half-dozen cannabis professionals in recent months, and he’s come away with a distinct impression of the marijuana industry and the people fueling its explosive growth. “My hats are off to the entrepreneurs who are the path-breakers in this industry,” said Levitt, a prominent economist and University […]

Cannabis Entrepreneurs ‘Fantastic Example of What Makes America Great’ – Q&A With Steven Levitt is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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28 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

Report: Many Colorado Dispensaries Taking on Big Risks To Accept Plastic

Dozens of dispensaries in Colorado have set up “shadow” banking systems that allow them to accept credit and debit cards from customers – even though such practices could set them up for potential money laundering charges, according to a report by a local TV station. Fox31 Denver found that 47% of 78 state-licensed dispensaries it […]

Report: Many Colorado Dispensaries Taking on Big Risks To Accept Plastic is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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28 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

California Leaders Exploring Recreational Marijuana Issues

Some California officials are trying to ensure would-be recreational marijuana businesses don’t run into the same murky legal issues medical cannabis companies currently face should the state legalize cannabis for adult use. San Francisco City Supervisor Scott Wiener is considering forming a task force that would look at what regulations would need to be in […]

California Leaders Exploring Recreational Marijuana Issues is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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28 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

Cannabis Chamber Logo Sparks Lawsuit

The Denver Metro Chamber of Commerce has filed suit over what it claims is trademark infringement by the Colorado Cannabis Chamber of Commerce, a group also known as C4. The development is another indication that the cannabis industry is coming of age, and as a result issues such as trademark infringement are likely to become […]

Cannabis Chamber Logo Sparks Lawsuit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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28 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

Despite Crackdown, Illegal Dispensaries Still Pervasive in Los Angeles

By John Schroyer Los Angeles City Attorney Mike Feuer has launched a crusade on illegal dispensaries, announcing this month that his office has shuttered more than 500 cannabis businesses in roughly two years. “It’s 514 now,” Rob Wilcox, Feuer’s director of community outreach and engagement, said on Monday. “It’s tremendous progress … you’ll see less and […]

Despite Crackdown, Illegal Dispensaries Still Pervasive in Los Angeles is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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27 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

New York Taking Applications for Medical Cannabis Business Licenses

Ready, set, go! Entrepreneurs can now apply for medical cannabis business licenses in New York, kicking off a process that is expected to be one of the most competitive in the country. The state’s health department is now accepting applications for five licenses that will allow companies to grow and sell medical marijuana. Officials plan […]

New York Taking Applications for Medical Cannabis Business Licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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27 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

Video Statement Part of Settlement Tied to $100M Lawsuit

In an unusual legal settlement, a Colorado company has issued a video statement about its role in issuing preliminary test results involving hemp-based oils produced by Medical Marijuana Inc.’s subsidiary HempMeds. David Stewart, president of Stewart Environmental, says in the statement that he was “pressured” into giving the initial results to a dispensary owner who […]

Video Statement Part of Settlement Tied to $100M Lawsuit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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27 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

Chart of the Week: 1,292 Marijuana Banking Relationships Terminated in 12 Months

By Becky Olson Nearly 400 banks, credit unions and other financial institutions terminated relationships with 1,292 marijuana-related businesses across the country from February 2014 through January 2015, according to information from the Financial Crimes Enforcement Network (FinCEN). That equates to an average of 100 terminations per month, underscoring the challenges marijuana companies still face in […]

Chart of the Week: 1,292 Marijuana Banking Relationships Terminated in 12 Months is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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27 Apr 2015
Posted by Mary Jane
Category MMJ Business Daily

WA Gov. Signs Sweeping Bill Moving MMJ Into Rec Program

Washington State’s MMJ program will officially be rolled into its recreational market after Gov. Jay Inslee late Friday signed into law a sweeping bill putting in place rules for production and dispensing of medical cannabis. Under the law (Senate Bill 5052), dispensaries and collective gardens would have to get licenses from the state – and […]

WA Gov. Signs Sweeping Bill Moving MMJ Into Rec Program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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