MMJ Business Daily

Market snapshot: Quebec marijuana market isn’t the entrepreneurial wasteland you think it is

(This is the fourth installment in a series over the next few months that will look at the marijuana markets in each of Canada’s provinces and territories. Other installments: Alberta, New Brunswick and Ontario.) Quebec’s nascent marijuana industry may…

Read More

Congress members defend CBD, blast DEA’s hemp decision

In a bold show of support for the hemp industry and CBD, 28 members of Congress are asking a federal appeals court to reject the Drug Enforcement Administration’s argument that cannabidiol is a Schedule 1 drug. The Congress members filed the brief Thur…

Read More

Report: Marijuana banking protections intact

Financial institutions that serve marijuana businesses still have federal protections – at least for now – outlined in a February 2014 memo from the Financial Crimes Enforcement Network (FinCEN), Reuters reported. The report comes after Att…

Read More

Cannabis compliance firm Simplifya secures first stage of $3 million raise

At a time when adhering to regulations is key for marijuana businesses, Denver-based compliance software company Simplifya has secured $1 million in the first stage of a Series B funding round. Simplifya said it has additional investors lined up to clo…

Read More

North Dakota specifies where state’s medical marijuana dispensaries can open

North Dakota has established eight regions for medical cannabis dispensaries in an effort to ensure qualifying patients have easy access to MMJ. The regions center on the state’s largest cities – Fargo, Bismarck, Grand Forks, Minot, Devils …

Read More

Canadian cannabis companies ink deals for nearly CA$1B in funding in early 2018

Capital is pouring into the Canadian marijuana sector faster than ever, as companies prepare for the country’s anticipated adult-use legalization this summer and bulk up for international expansion. Through the first 10 days of 2018, companies cl…

Read More

Week in Review: New York medical cannabis, the future of Colorado hemp & Maryland banking

New York approves an expanded line of medical marijuana products, a Colorado hemp producer departs for Arkansas, and a Maryland credit union welcomes MMJ businesses. Here’s a closer look at some notable developments in the marijuana industry over the p…

Read More

Marijuana investment firm 4Front Holdings raises $6M for out-of-state growth

Cannabis investment and management firm 4Front Holdings has raised $6 million toward its multiple-state expansion. The funds were raised through the issuance of convertible notes. According to a news release, 4Front manages operating licenses in emergi…

Read More

Hemp State Highlight: Virginia’s changing hemp model could pay big dividends

You can’t make money growing hemp in Virginia. Literally, even though the plant is legal.
Virginia bans farmers from selling the crop commercially and limits hemp production to a handful of university research projects.
If that strikes you as odd for a…

Read More

Maryland credit union to cannabis businesses: We’re open

An aptly named credit union in Maryland is ready and willing to serve the state’s medical marijuana businesses. And it’s doing so with the knowledge it has some federal support. The Bulldog Federal Credit Union, founded in 1968 in Washington Coun…

Read More