MMJ Business Daily

17 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Medical Marijuana Inc. Files $100M Lawsuit Over ‘False’ Claims

Medical Marijuana Inc. has filed a lawsuit in California against several businesses – including a prominent cannabis testing lab – over statements made about its hemp-based products. The publicly traded company is seeking at least $100 million in damages, saying the comments caused a huge dip in its stock price and hurt its reputation. The […]

Medical Marijuana Inc. Files $100M Lawsuit Over ‘False’ Claims is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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17 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

WA Puts Sales Data for Rec Businesses Online

Want to track sales of individual marijuana stores, cultivators and processors in Washington State? Easy – just look online. The Washington Liquor Control Board has begun publishing all sales activity on its site in an effort to help banks and credit unions keep an eye out for possible illegal activity – and decide which marijuana businesses […]

WA Puts Sales Data for Rec Businesses Online is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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17 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Week in Review: Cutting the Cord on Dispensaries + Challenges for Bank Plan & Expertise From Israel

By Marijuana Business Media staff A California city comes up with a novel way to shut down illegal dispensaries, a company explores how to open a cannabis-specific bank and a consultancy hires an expert on Israel’s medical marijuana program. Here’s a closer look at several notable developments in the cannabis industry over the past week: […]

Week in Review: Cutting the Cord on Dispensaries + Challenges for Bank Plan & Expertise From Israel is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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17 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Cole to California: Regulate the MMJ Industry

The author of the 2013 Cole Memo has a clear message for California: “If you don’t want us prosecuting (marijuana users) in your state, then get your regulatory act together.” U.S. Deputy Attorney General James Cole made that comment in an interview with the Los Angeles Times after announcing earlier this week that he plans […]

Cole to California: Regulate the MMJ Industry is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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16 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Former Israel MMJ Exec Tapped by Cannabis Consultancy

A national cannabis consulting firm has brought on a key architect of Israel’s medical marijuana program to serve on its executive team. Mimi Peleg – who helped implement and manage Israel’s state-run MMJ program – will serve as the director of training for California-based MedMen, the company told Marijuana Business Daily. Peleg was the director […]

Former Israel MMJ Exec Tapped by Cannabis Consultancy is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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16 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

14 Marijuana Labs Participate in ‘Proficiency’ Test

Yet another sign that the marijuana industry is maturing: 14 cannabis labs from across the country recently participated in a test to determine THC concentrations in blind samples. The Intra-lab Comparison and Proficiency Test was part of “an effort to help promote quality assurance in a previously unregulated and fast-growing industry,” according to a press […]

14 Marijuana Labs Participate in ‘Proficiency’ Test is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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16 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

San Diego Approves 1st Dispensary

Let the rebirth of San Diego’s medical marijuana industry begin. On Wednesday, the city granted initial approval to what could become the first legal dispensary in San Diego since officials established new regulations earlier this year. A hearing official determined that the dispensary – A Green Alternative – meets all the necessary criteria for approval. […]

San Diego Approves 1st Dispensary is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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15 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

New MMJ Crackdown Strategy: Cut the Power, Water

Can medical marijuana dispensaries continue operating without electricity and water? In Anaheim, California, the answer appears to be “no.” The city, which banned dispensaries over a year ago, is taking the drastic step of cutting off utilities to businesses violating the ban. The strategy is working: Nine dispensaries shut down last month and eight more […]

New MMJ Crackdown Strategy: Cut the Power, Water is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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15 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Worst-Case Scenario: How to Prepare for – and Weather – Financial Hardships

By John Schroyer Contrary to popular belief, not every business is thriving in the Green Rush. Some cannabis companies are teetering on the edge of insolvency – whether it’s from intense competition in a maturing market, new regulations or just plain poor management. While this happens in every industry, Read MoreWorst-Case Scenario: How to Prepare […]

Worst-Case Scenario: How to Prepare for – and Weather – Financial Hardships is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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15 Oct 2014
Posted by Mary Jane
Category MMJ Business Daily

Nearly $14K in Daily Revenues for Seattle Rec Shop

The Emerald City’s second recreational marijuana shop is rolling in the green. Uncle Ike’s, which opened on Sept. 30, averaged $13,736 in sales per day in its first week of operation. That equates to about $3,500 in excise tax revenue for the state each day. If the pace holds up, the store could generate $4.8 […]

Nearly $14K in Daily Revenues for Seattle Rec Shop is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

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