MMJ Business Daily

Water access poses big risk for many hemp growers in 2018

Confusion at the federal level about water is causing a huge dilemma for hemp producers: Licensing deadlines are fast approaching in many states, but farmers don’t know if they’ll be able to irrigate their crops. That’s because the na…

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Mike Tyson breaks ground on 40-acre cannabis facility in California

Former boxing heavyweight champion Mike Tyson is looking to capitalize on the launch of legal recreational marijuana sales in California. According to The Blast, Tyson broke ground on a 40-acre plot of land in California City, a small desert town 60 mi…

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Cronos signs deal to secure CA$30 million for marijuana R&D

A Canadian medical marijuana producer announced a stock-purchase deal to raise 30 million Canadian dollars ($24 million) in capital, which it intends to apply to research and development. After the deal closes later this month, Cronos will have raised …

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Court ruling puts black farmer closer to Florida medical cannabis license

A Florida judge has issued an injunction blocking the state’s health department from awarding a medical marijuana cultivation license that had been earmarked for members of a black farmers association. Circuit Judge Charles Dodson’s injunction es…

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A look ahead: Challenges, opportunities for marijuana professionals in new year

The marijuana industry is strapping in for a roller-coaster 2018, when challenges and opportunities are unfolding faster than ever, and in more places than ever. Here’s a look at 11 challenges and opportunities that will demand the attention of m…

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$4B Brave New World: Updates on the launch of California’s rec market

Marijuana Business Daily reporter John Schroyer is on the ground in Berkeley, California, and will post live updates throughout New Year’s Day from the longest-operating medical cannabis dispensary in the country – Berkeley Patients Group (…

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Chart: California recreational marijuana sales set to begin in limited number of stores

Recreational cannabis sales officially begin in California today, but fewer than 100 adult-use retail licenses have been issued throughout the state – which may lead to long lines and out-of-stock issues for the rec stores able to open their door…

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MassRoots creates blockchain subsidiary in bid to increase marijuana efficiencies

Colorado-based cannabis technology company MassRoots on Friday announced it has formed a subsidiary that will focus on blockchain-based digital ledgers. The new division, MassRoots Blockchain Technologies, will employee the same staffers as the parent …

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Criminal charges for 10 budtenders at Colorado retail cannabis chain Sweet Leaf

Ten employees of a legal Colorado marijuana retail chain shut down by Denver authorities earlier this month face criminal charges for allegedly selling too much cannabis in repeated sales to the same people. Sweet Leaf is one of the largest marijuana r…

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Marijuana ETF begins trading on US exchange

Marijuana investors have a new fund to watch as the new year approaches. ETFMG Alternative Harvest ETF – a cannabis-focused exchange-traded fund – made its debut on NYSE Arca this week with 31 holdings. NYSE Arca investors trade both stocks…

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