MMJ Business Daily

20 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

U.S. Investment Fund Inks Another Deal With Canadian Grower

A U.S. investment fund has cemented its second deal with a Canadian cannabis grower this month. Dutchess Opportunity Fund II will provide a $30 million equity line facility to Canadian marijuana cultivator Affinor Growers, signaling that international cooperation between cannabis companies is reaching new heights. Under the deal, Affinor will file a registration with the […]

U.S. Investment Fund Inks Another Deal With Canadian Grower is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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20 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

Some San Jose Dispensaries Refusing to Pay Tax

Dispensary owners in San Jose, California, are in a dispute with the city over unpaid taxes. Five dispensaries reportedly owe more than $2 million in unpaid marijuana business taxes, according to an investigation by the local NBC News affiliate. The actual tally could be much higher, as San Jose Mayor Sam Liccardo called the figure […]

Some San Jose Dispensaries Refusing to Pay Tax is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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20 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

Week in Review: IRS Penalty Fight, Wait-and-See in Washington State & 2 More MJ Lawsuits

By John Schroyer The IRS refuses to budge on a controversial – and confounding – tax penalty, officials in one Washington city give medical marijuana businesses a break, and two new lawsuits seek to dismantle Colorado’s recreational MJ industry. Here’s a closer look at several notable developments in the cannabis industry over the past week. […]

Week in Review: IRS Penalty Fight, Wait-and-See in Washington State & 2 More MJ Lawsuits is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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19 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

California AG Says State Recreational Sales Inevitable

California Attorney General Kamala Harris, who plans to make a run for a U.S. Senate seat, said she believes the legalization of recreational marijuana in the state is inevitable and that lawmakers must be diligent in crafting laws to regulate the industry. California isn’t exactly known for having a well-regulated cannabis industry, so legislators will […]

California AG Says State Recreational Sales Inevitable is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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19 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

New Federal Lawsuits Aim to Quash CO Rec Industry

Oklahoma and Nebraska aren’t alone anymore in their fight to upend Colorado’s recreational marijuana industry. A new player, the Washington DC-based Safe Streets Alliance, has filed a pair of lawsuits in Colorado federal district court this week in an attempt to wipe out rec businesses in the state. (You can read the full lawsuits here […]

New Federal Lawsuits Aim to Quash CO Rec Industry is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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19 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

CA Lawmaker Authored MMJ Bill But Never Visited a Dispensary

Lawmakers across the country routinely cast votes on measures concerning the cannabis industry, often without firsthand knowledge of the industry or the benefit of cannabusinesses willing to help educate them. But Lou Correa took that to the next level. The former California state senator, who came close to getting a bill passed last year to […]

CA Lawmaker Authored MMJ Bill But Never Visited a Dispensary is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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19 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

High-Profile Cannabis Store Behind Nation’s First Rec Sale on Market for $2 Million

By John Schroyer 3D Cannabis Center, which garnered worldwide media attention when it conducted what is largely regarded as the nation’s first state-legal recreational marijuana sale, is on the market. The asking price for the Denver retail store? A cool $2 million. The deal includes a recreational retail Read MoreHigh-Profile Cannabis Store Behind Nation’s First […]

High-Profile Cannabis Store Behind Nation’s First Rec Sale on Market for $2 Million is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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18 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

Unlicensed Tacoma Dispensaries Get Stay of Execution

Roughly 60 medical marijuana dispensaries that are operating illegally in the city of Tacoma can stop holding their breath. For now. At the end of 2014, the Tacoma City Council decided it would notify dispensaries that they either needed to get a state business license or close up shop by the summer, akin to how Seattle […]

Unlicensed Tacoma Dispensaries Get Stay of Execution is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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18 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

Oregon MMJ Growers Worried About Proximity of Hemp Farms

Oregon marijuana cultivators want industrial hemp kept far away from their grows, saying it could unintentionally pollinate their crop. The opposition stems from approval of a 25-acre industrial hemp field in an area known for cultivation of high-grade medical marijuana, according to the Oregonian. Cannabis growers say if hemp plants pollinate their marijuana, it will […]

Oregon MMJ Growers Worried About Proximity of Hemp Farms is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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18 Feb 2015
Posted by Mary Jane
Category MMJ Business Daily

Minnesota Seeking Medical Cannabis Testing Labs

Minnesota is looking for testing labs to inspect medical marijuana products for potency, safety and consistency. Applications from labs that would like to be considered are due in March, and the state is scheduled to award licenses by mid-April, according to a report on TwinCities.com. Late last year, Minnesota awarded licenses to two companies – […]

Minnesota Seeking Medical Cannabis Testing Labs is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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