MMJ Business Daily

New Doctor Requirement Could Dampen Arizona’s MMJ Market

Arizona dispensaries could see fewer new patients after the state’s governor signed a bill forcing naturopathic doctors to provide documentation on medical marijuana recommendations. The new rule, which take effect on July 3, say that naturopathic doctors must show which medical records they are citing when recommending medical marijuana to patients, according to the Arizona […]

New Doctor Requirement Could Dampen Arizona’s MMJ Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart of the Week: Differences in MMJ Sales, Patient Visits Among New Jersey Dispensaries

By Becky Olson Entrepreneurs in heavily regulated medical marijuana states can learn a lot by looking to New Jersey, which has one of the strictest and most limited MMJ programs in the country. New Jersey recently released detailed data on 2014 business activity at the state’s three operating dispensaries, offering rough benchmarks that can be […]

Chart of the Week: Differences in MMJ Sales, Patient Visits Among New Jersey Dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Breaking: MBank to Close All Cannabis Accounts

By Tony C. Dreibus MBank, the small Oregon-based financial institution that has serviced the cannabis industry since last year, told Marijuana Business Daily that it will close all of its accounts with marijuana companies in the next two months. Jef Baker, the CEO and president of MBank, said the cost and time spent on compliance […]

Oregon May Push Back Edibles Sales to 2017

Companies that make edibles may not be able to sell into Oregon’s legal recreational cannabis market until 2017 due to difficulties crafting laws governing these types of products, which could put a big damper on overall initial rec marijuana sales in the state. The Oregon Liquor Control Commission (OLCC) has asked the state Legislature to […]

Week in Review: New Financing Benchmark, Oregon Weighs Early Rec Sales & Gardening Firm Enters MJ

By John Schroyer Privateer Holdings wraps up a record-setting financing round, Oregon lawmakers consider accelerating the recreational marijuana sales timeline, and Scotts Miracle-Gro dips its toes into the cannabis industry via a huge acquisition. Here’s a closer look at several notable developments in the marijuana industry over the past week. New High for Green Rush […]

Week in Review: New Financing Benchmark, Oregon Weighs Early Rec Sales & Gardening Firm Enters MJ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

500 MMJ Dispensaries Shuttered in LA, City Attorney Says

Medical marijuana dispensary competition in Los Angeles is apparently shrinking. The city claims it has succeeded in shutting down the vast majority of illegal dispensaries, with possibly more closures on the way. City Attorney Mike Feuer estimated this week that officials have helped close 500 dispensaries since 2013, when local voters passed a measure capping […]

500 MMJ Dispensaries Shuttered in LA, City Attorney Says is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Business Owners, Lawmakers Discuss Banking With KC Fed

Cannabis business owners and Colorado Reps. Ed Perlmutter and Jared Polis met on Thursday with the head of the Federal Reserve Bank of Kansas City to discuss the lack of banking in the industry. KC Fed President Esther George wasn’t in a place to say “yes, no or maybe” to any regulations that would make […]

Business Owners, Lawmakers Discuss Banking With KC Fed is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Revival of 280E Bill on Horizon

A pair of Oregon Democrats announced Thursday that they’re planning to revive a bill that would reconcile legal marijuana companies with the tax code so cannabis businesses can take standard deductions. Rep. Earl Blumenauer and Sen. Ron Wyden of Oregon want to solve problems tied to 280E, a section of the tax code that costs […]

Revival of 280E Bill on Horizon is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Despite Some Progress, Massachusetts’ Fledgling Medical Marijuana Program Still Limping Along

By Tony C. Dreibus Massachusetts appears to be making some progress in setting up its medical cannabis industry after two years of delays, with the first dispensary preparing for liftoff and the state issuing revised licensing rules this week to make the process smoother going forward. Don’t expect the floodgates to open anytime soon, though. […]

Despite Some Progress, Massachusetts’ Fledgling Medical Marijuana Program Still Limping Along is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California Congressmen to Feds: Stop Prosecuting MMJ Businesses

Two California congressmen said U.S. attorneys seeking to seize two dispensaries in the state have gone rogue and are breaking federal guidelines. Reps. Sam Farr and Dana Rohrabacher sent a letter to Attorney General Eric Holder asking that the Department of Justice stop prosecutions and forfeiture actions against those following state laws. A federal spending […]

California Congressmen to Feds: Stop Prosecuting MMJ Businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs