MMJ Business Daily

02 Sep 2014
Posted by Mary Jane
Category MMJ Business Daily

I-502 Ban Passes First Test

A judge in Washington State has upheld a municipality’s authority to ban marijuana retailers, though not under federal law. Judge Ronald Culpepper ruled that the city of Fife can deny retailer licenses to prospective cannabis businesses, but he said that right is given under the state’s recreational marijuana law (Initiative 502). The city argued that […]

I-502 Ban Passes First Test is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
29 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

Chicago Suburbs Debate MMJ Regs

As the impending September timeframe looms for medical marijuana businesses to apply for operating permits in Illinois, local communities around the Chicago metro area have been working feverishly to adjust zoning laws and other regulations for MMJ companies. On Tuesday, for example, officials in Glenview considered the possibility of allowing an MMJ dispensary in an […]

Chicago Suburbs Debate MMJ Regs is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
29 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

Week in Review: Retailers, Growers at Odds Amid Supply Shortage in Washington State

 By Chris Walsh After a rocky start to recreational marijuana in Washington State, many entrepreneurs on the front lines of the industry assumed the market would settle down fairly quickly. Unfortunately that’s not the case. Supply remains extraordinarily tight – many licensed cultivators are still awaiting their first harvest – while demand continues Read MoreWeek […]

Week in Review: Retailers, Growers at Odds Amid Supply Shortage in Washington State is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
29 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

Marijuana Vending Machine Comes to Denver

A medical marijuana vending machine generating plenty of buzz in the media has made its debut in Denver, one of the largest MMJ markets in the country. Doctor’s Orders – a dispensary just north of the downtown core – recently began offering patients the ability to purchase cannabis-infused cookies and candies via the machine, which […]

Marijuana Vending Machine Comes to Denver is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
28 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

Colorado City Awards 21 Rec Shop Licenses

The third-largest city in Colorado awarded 21 licenses for cannabis shops on Thursday, paving the way for the first stores to open on Oct. 1. Aurora, located just east of Denver, sifted through 58 applications from businesses competing for 24 licenses in six wards scattered throughout the city. In all, 13 separate companies were awarded […]

Colorado City Awards 21 Rec Shop Licenses is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
28 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

$25M Infusion for Kiosk Company

More good news on the financial front for cannabis businesses: A company that sells self-service kiosks for financial transactions has landed a $25 million investment. Florida-based Payteller announced Wednesday that ISS Management LLC has agreed to an equity investment in the firm. Additional terms of the deal, including how much equity ISS will receive, were […]

$25M Infusion for Kiosk Company is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
27 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

DEA Cements Plan to Boost Cannabis Production

For four years, the Drug Enforcement Administration has allowed a meager 46.3 pounds of cannabis to be grown annually for research purposes. But this week, the agency formalized its intentions to dramatically boost that amount to 1,433 pounds in the name of science. The crop will be grown by the University of Mississippi in cooperation […]

DEA Cements Plan to Boost Cannabis Production is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
27 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

Study: 2 Denver Cannabis Stores Create $30M Economic Impact, 280 Local Jobs

By John Schroyer How much of an economic impact can a cannabis business have on a community? A new study offers a glimpse, estimating that a pair of retail marijuana stores in Denver under the same ownership will generate $30 million in economic output, pay $390,000 in city taxes Read MoreStudy: 2 Denver Cannabis Stores […]

Study: 2 Denver Cannabis Stores Create $30M Economic Impact, 280 Local Jobs is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
27 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

Another Lawsuit Over Dispensary Licensing in Massachusetts

The Massachusetts dispensary licensing process has evoked the ire of several applicants who feel that they were unjustly passed over for operating permits, and now a total of seven companies have sued the state over the issue. The latest lawsuit, filed this week in Suffolk Superior Court, alleges that licensing officials passed over three medical […]

Another Lawsuit Over Dispensary Licensing in Massachusetts is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More
26 Aug 2014
Posted by Mary Jane
Category MMJ Business Daily

Advocate: Paraphernalia Sales Legal Under Florida MMJ Bill

Florida’s medical marijuana ballot measure will create an overlooked business opportunity: paraphernalia sales. Currently, it’s illegal in Florida to sell pipes for smoking marijuana. But Amendment 2 – the measure to legalize MMJ – would approve the use of “related supplies,” in effect overturning the state’s “bong ban,” according to a key advocate. While much […]

Advocate: Paraphernalia Sales Legal Under Florida MMJ Bill is a post from: Marijuana Business Daily – Legal, Financial and Dispensary News

Read More