MMJ Business Daily

Canopy aims to have recreational marijuana outlets open in Canada by summer

Canopy Growth has become the first major licensed producer of medical marijuana in Canada to announce plans for its own stand-alone retail recreational cannabis outlets. The Smiths Falls-based company aims to have its sales outlets up and running by th…

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Medical cannabis laws led to 15% drop in alcohol sales, study shows

With the rise of medical marijuana in the United States, alcohol businesses have taken a hit. And the two very well may be correlated, according to a new study. The findings, from researchers at two U.S. universities and one in Peru, found a 15% monthl…

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Poll: 57% of Michigan voters back recreational marijuana legalization

With a statewide ballot measure in Michigan likely to go before voters in November, the campaign working on the initiative just got some good news. According to a recent poll of Michigan voters, a solid 57% of them already support adult-use legalizatio…

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Texas CBD program stalls as growers produce oils but have no patients

Texas’ long-awaited CBD program is underway. Sort of. The nation’s second-most populous state has a limited CBD program, three licensed growers and plants harvested. But Texas has no patients just yet, a signal that the state’s elaborate hurdles …

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Canada gets first-of-its-kind training program for rec cannabis retailers

New Brunswick’s provincial-run alcohol retailer and one of Canada’s top marijuana producers are teaming up to develop a training program for public-sector cannabis retail employees. NB Liquor and Smiths Falls-based licensed producer Canopy Growth…

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Hemp State Highlight: Tennessee fights humidity, lack of processing in bid to gain market share

Some hemp growers struggle to get water for their crops.
In Tennessee, hemp farmers have the opposite problem: They must grow a plant – one that doesn’t like soggy roots – in a climate with high humidity and more than 50 inches of rain a year.
Hemp Sta…

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Industry group suggests standards for marijuana packaging, labeling

The National Association of Cannabis Businesses, a self-regulatory organization, is proposing marijuana industry standards for packaging and labeling. The announcement comes in the wake of U.S. Attorney General Jeff Sessions’ decision earlier thi…

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Global cannabis market poised for 1,000%-plus growth to $140B, report predicts

The legal global cannabis market is poised for growth of more than 1,000% over the next decade and could reach $140 billion dollars by 2017, according to a new analysis by European investment bank Bryan, Garnier & Co. “Not only is there alrea…

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New Jersey governor seeks improvements in medical marijuana program

New Jersey Gov. Phil Murphy promised during his campaign that he would legalize recreational marijuana in the state. But first, the Democrat hopes to revive New Jersey’s medical cannabis program. The Democrat signed an executive order Tuesday to …

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More Republicans are raking in money from marijuana industry

The cannabis industry is pouring hundreds of thousands of dollars into campaign finance accounts of lawmakers and political action committees. But, for the first time, more of that money is going to Republicans than to Democrats, according to survey by…

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