MMJ Business Daily

24 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Denver-Area Marijuana Growers Face Regulatory Actions

Marijuana cultivators around the Denver metro area are having a tough spring. Six commercial operators were recently ordered to quarantine hundreds of cannabis plants due to a potential pesticide violation. The quarantine puts the cultivators’ businesses on hold indefinitely, as they can’t sell any of their crop until the quarantine is lifted. The names of […]

Denver-Area Marijuana Growers Face Regulatory Actions is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
24 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Marijuana Businesses Getting Big Boost From Partnerships With Cannabis Celebrities

By John Schroyer High-profile celebrities partnering with private companies for mutual gain is hardly a new concept. In the marijuana industry, however, it’s one that’s been gaining traction since recreational sales began just over a year ago. At least three cannabis companies have inked deals with big names that have long been associated with marijuana. […]

Marijuana Businesses Getting Big Boost From Partnerships With Cannabis Celebrities is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
23 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

IL MMJ Patient Pool Balloons, More Growth Possible

The Illinois medical marijuana customer base has grown rapidly in the past few weeks. State health officials reported that roughly 2,500 residents have applied for MMJ cards, an increase of roughly 150% from earlier in March. Thus far, about 1,600 MMJ patient applicants have been approved by the state, according to an Illinois TV station. […]

IL MMJ Patient Pool Balloons, More Growth Possible is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
23 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Canadian MMJ Company Issues Recall

A Canadian company is recalling three batches of medical marijuana because they may contain high levels of bacteria, Health Canada said. Tilray, a British Columbia-based medical marijuana grower and seller, voluntarily recalled its sativa, hybrid and indica house blends after Health Canada inspectors found that the batches tested above compliance standards for bacteria. No reports […]

Canadian MMJ Company Issues Recall is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
23 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Hemp Products Market $620M in 2014, Industry Group Says

According to a study by the Hemp Industry Association, the 2014 market for hemp products sold in the U.S. had a total retail value of $620 million. That number includes food and body care products, valued at $200 million, along with other popular items such as non-dairy milk, shelled seed, soaps and lotions, the trade […]

Hemp Products Market $620M in 2014, Industry Group Says is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
23 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Chart of the Week: Arizona’s Cannabis Cultivation Over-Capacity

By Becky Olson According to data gathered by Benchmark Commercial Real Estate (BMCRE) in Arizona, the amount of square footage approved for potential cannabis cultivation massively exceeds what the current medical marijuana – or even the future recreational – in-state market will bear. The state already has just over one million square feet of built-out […]

Chart of the Week: Arizona’s Cannabis Cultivation Over-Capacity is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
20 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

IRS Refunds Tax Penalty to MMJ Dispensary

The Internal Revenue Service has agreed in a settlement to refund roughly $25,000 in fines it levied against a medical marijuana dispensary in Colorado, following a dispute that could have resulted in a precedent-setting decision by the U.S. Tax Court. The settlement came after Denver-based Allgreens, an MMJ dispensary, filed a complaint with the Tax […]

IRS Refunds Tax Penalty to MMJ Dispensary is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
20 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Ohio MJ Ballot Measure Backers Cleared to Start Gathering Signatures

A well-funded effort to legalize both medical and recreational marijuana in Ohio cleared its latest hurdle Friday when a campaign group was granted permission to begin gathering signatures for the 2015 ballot. ResponsibleOhio, which is behind the controversial ballot measure, now has until July to collect at least 305,591 signatures to get their initiative before […]

Ohio MJ Ballot Measure Backers Cleared to Start Gathering Signatures is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
20 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Restraining Order Prevents Approved IL Grower From Proceeding

A temporary restraining order keeping a cultivation site in Illinois from opening will remain in place, as a lawsuit by a separate grower who was denied a producer’s license winds its way through the courts. A Cook County judge ruled that Cresco Labs, which was awarded an MMJ cultivation permit, would have to wait to […]

Restraining Order Prevents Approved IL Grower From Proceeding is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More
20 Mar 2015
Posted by Mary Jane
Category MMJ Business Daily

Week in Review: WA Regs Criticism, 1st City Owned Rec Shop + Tribes Move Towards MJ

By John Schroyer and Tony C. Dreibus A prominent cannabis executive and former governor badmouths Washington State’s recreational marijuana rules, the first-ever municipally-owned cannabis shop draws criticism, and more Native American tribes ponder joining the marijuana industry. Here’s a closer look at several notable developments in the cannabis industry over the past week. Washington State […]

Week in Review: WA Regs Criticism, 1st City Owned Rec Shop + Tribes Move Towards MJ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Read More