MMJ Business Daily

Colorado marijuana sales break another record, hit $1.5B in 2017

Despite falling marijuana prices, annual sales in one of America’s oldest regulated recreational cannabis markets have yet to plateau and instead continue to break records. Colorado’s marijuana stores rang up a record $1.5 billion in sales of med…

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New disclosure rules open door to fresh funding, M&A for Canadian cannabis companies in US

The flow of financing and acquisitions involving cross-border marijuana companies is expected to pick up after new risk-disclosure rules were unveiled last week that provide greater clarity for Canadian companies with U.S. operations, said analysts and…

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Ontario marijuana monopoly picks Shopify to process sales

Ontario’s government-run provincial cannabis retailer will use Shopify’s online platform to process recreational marijuana sales online and in brick-and-mortar stores. Shopify is an e-commerce company based in Ontario. It is traded on the Toronto Stock…

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Wisconsin tribe sues state for delaying CBD production

A Wisconsin tribe planning to produce hemp-derived CBD is suing the state because enforcement authorities say a new hemp law doesn’t necessarily clear the St. Croix Chippewa to start making cannabidiol. The lawsuit, filed in a federal court in Ma…

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Massachusetts DAs ask regulators to nix home delivery, cannabis cafes

District attorneys are asking Massachusetts marijuana regulators to hold off on the licensing of certain types of businesses, including so-called cannabis cafes and home delivery services. In a letter to the five-member Cannabis Control Commission, the…

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Massachusetts DAs ask regulators to nix home delivery, cannabis cafes

District attorneys are asking Massachusetts marijuana regulators to hold off on the licensing of certain types of businesses, including so-called cannabis cafes and home delivery services. In a letter to the five-member Cannabis Control Commission, the…

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Illinois appeals judge’s decision to add pain to medical marijuana conditions list

The Illinois Department of Public Health has appealed a decision to add severe pain as a qualifying condition for medical marijuana in a case that could greatly expand access to the drug in the state. The appeal comes weeks after a Cook County judge or…

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Chart: More banks serving cannabis sector, but Cole Memo repeal threatens to slow progress

The number of banks and credit unions actively serving the marijuana industry has jumped nearly 30% from a year ago. But U.S. Attorney General Jeff Sessions’ decision to repeal the Cole Memo may prevent further involvement by banking institutions looki…

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Denver gets second cannabis consumption application; first candidate awaits decision

Denver is finally seeing some movement on the public marijuana consumption front. The city’s first applicant for a cannabis consumption license had a hearing Friday with Denver regulators, and a second business has applied for a permit. The Coffe…

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Two medical marijuana dispensaries open in Baltimore

Baltimore’s first two medical marijuana dispensaries have opened their doors. Maggie’s in Hampden became the first dispensary to begin sales in Maryland’s largest city when it opened Jan. 31, and Pure Life Wellness in Federal Hill ope…

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