MMJ Business Daily

25 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

No Bankruptcy Protection for Cannabis Companies, Judges Rule

Marijuana businesses across the country, take heed: If your venture doesn’t pan out, don’t count on bankruptcy laws to help you out. According to a report in The Denver Post, at least four marijuana companies have had their bankruptcy claims thrown out by judges who have ruled that the entrepreneurs aren’t entitled to federal bankruptcy […]

No Bankruptcy Protection for Cannabis Companies, Judges Rule is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
25 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Attorney General Holder Questions Marijuana’s Classification

U.S. Attorney General Eric Holder, who is resigning from his post later this year, suggested in an interview with Katie Couric that it’s time for the federal government to consider reclassifying marijuana. Reclassification could further open the door for medical and recreational marijuana legalization and the cannabis industry in general, though by how much is […]

Attorney General Holder Questions Marijuana’s Classification is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
25 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Marijuana Conference Accepting Applications for Investor Pitch Event

Cannabis entrepreneurs can now submit applications to take part in an investor pitch session at the Marijuana Business Conference and Expo in Las Vegas this November. The deadline for applications to participate in the Marijuana Business Pitch Slam is Oct. 3, and organizers will choose finalists by Oct. 6. Those selected will present a short […]

Marijuana Conference Accepting Applications for Investor Pitch Event is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
25 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Pennsylvania MMJ Bill Clears Senate, but Challenges Remain

Though a bill to legalize medical marijuana in Pennsylvania won overwhelming support in the state Senate this week, it seems unlikely to become law this year given two major hurdles. First, Gov. Tom Corbett has been very outspoken against marijuana legalization, and a spokesman for Corbett said on Wednesday that the Senate vote did not […]

Pennsylvania MMJ Bill Clears Senate, but Challenges Remain is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
24 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

369 MMJ Business Applications Submitted in Illinois

Illinois received 369 applications from entrepreneurs seeking licenses to open medical marijuana businesses, according to a preliminary count released Wednesday afternoon. That includes 158 applications to the Illinois Department of Agriculture for marijuana grow centers and 211 applications to the Department of Financial and Professional Regulation for dispensaries. The totals are much higher than the […]

369 MMJ Business Applications Submitted in Illinois is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
24 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Bogus Texas Marijuana Legalization Story Dupes Thousands

A fake news site duped thousands of online readers into believing – at least for a short while – that the deep red state of Texas had legalized marijuana use. The article on Newsbuzzdaily.com – titled “Texas to Permit Medicinal and Recreational Marijuana Use!” – sent the Twittersphere buzzing and garnered thousands of Facebook “likes” […]

Bogus Texas Marijuana Legalization Story Dupes Thousands is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
24 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Big Money Flowing Into Marijuana Ballot Measures From Businesses, Cannabis Execs

By John Schroyer Companies and investors have been throwing big bucks at the American political system for generations, pumping money into initiatives that will help their business prospects. But this hasn’t been the case when it comes to cannabis, where businesses have largely steered clear of providing financial support to legalization campaigns for one reason […]

Big Money Flowing Into Marijuana Ballot Measures From Businesses, Cannabis Execs is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
11 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Cannabis Industry to Impact Energy Needs of Northwest Region

A 20-year power plan covering the northeast United States is taking into account the sizable energy needs of marijuana production. The Northwest Power and Conservation Council said it expects cultivators will require as much as 163 megawatts of power per year by 2035 – the equivalent of what a town with a population of 30,000 […]

Cannabis Industry to Impact Energy Needs of Northwest Region is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
11 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Illinois MMJ Applicants Scramble for Local Support

As the deadline approaches to submit applications for dispensary and cultivation permits in Illinois, many entrepreneurs are scrambling to secure local approval to help boost their chances of winning a state-issued license. It’s a high-stakes situation, as prospective dispensary businesses must invest hefty sums of money simply to meet the basic qualifications to secure a […]

Illinois MMJ Applicants Scramble for Local Support is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
11 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

Latest Rec Sales Data: $7M in Washington, $30M in Colorado

Colorado and Washington have released updated tax data associated with their respective marijuana programs. In Washington, the numbers indicate that monthly recreational marijuana sales more than doubled to hit nearly $7 million in August vs. $3.2 million in July. (Note: The July number is lower than a previously reported figure of $3.8 million. It also […]

Latest Rec Sales Data: $7M in Washington, $30M in Colorado is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More