MMJ Business Daily

Rhode Island governor seeks to expand medical marijuana program

Rhode Island’s governor is making another push to expand the state’s medical marijuana program. Gov. Gina Raimondo’s $9.4 billion state budget plan for the 2019 fiscal year includes: Establishing 15 more medical marijuana dispensaries…

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Nebraska proposal would put medical marijuana up for vote in 2018

A Nebraska state senator is proposing a ballot measure that would give Nebraska voters the opportunity to legalize medical marijuana in November, a move that’s been tried before to no avail. Sen. Anna Wishart of Lincoln introduced a proposed cons…

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Week in Review: Nevada’s unhappy MJ growers, hemp’s friends in Congress & New York weighs adult use

Nevada marijuana growers are displeased with the state’s updated regulations, Congress members counter the DEA’s view of CBD, and New York may take a look at recreational cannabis. Here’s a closer look at some notable developments in the ma…

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Colorado company develops first US-bred hemp seed variety

A Colorado cannabis company has developed the first hemp seed bred entirely in the United States in the modern era, according to the state’s agriculture department. The Colorado Department of Agriculture said the seed variety, called NWG-Elite, w…

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Oregon credit union, tech firm to offer marijuana banking services

Oregon-based Wauna Credit Union has forged a partnership with Arizona tech firm Hypur that will allow the financial institution to service marijuana-related companies. According to the Coast River Business Journal, the credit union believes the partner…

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Tilray signs medical cannabis supply deal with Canada’s Shoppers Drug Mart

The largest pharmacy chain in Canada locked up another major supplier of medical marijuana, as drug store chains across the country look to secure supply from a limited number of producers. Shoppers Drug Mart will carry Tilray-branded medical cannabis …

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NCIA board member departs early, rips group’s direction and handling of sexual misconduct accusations

When Denver marijuana pioneer Kayvan Khalatbari announced his resignation from the board of the National Cannabis Industry Association (NCIA) in December, he intended to continue serving in the role until spring. But Khalatbari abruptly stepped down on…

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Study urges greater role for minorities in Maryland medical marijuana program

Maryland’s medical marijuana program put minority applicants for business permits at a disadvantage, according to a new study that recommended race be factored into any future MMJ licensing. The study’s author – Jon Wainwright, managing dir…

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MA picks Franwell’s Metrc for cannabis seed-to-sale traceability system

Massachusetts marijuana regulators have selected Florida-based Franwell’s Metrc program to serve as the state’s seed-to-sale traceability system. According to The Boston Globe, the Massachusetts Cannabis Control Commission budgeted about $7…

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Canopy enlists first major bank to lead CA$175M marijuana equity financing

Canopy Growth became the first marijuana company in Canada to enlist a major Canadian bank to lead an equity-based funding, signaling a greater willingness by big financial institutions to provide financing to the nation’s cannabis businesses. Ba…

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