MMJ Business Daily

Hawaii taking another look at hemp in 2018

Hawaii may expend its limited hemp program dramatically in 2018, when state lawmakers join policy makers in other states and consider allowing farmers to sell the plant. Hawaii already allows hemp production thanks to a 2016 law allowing limited resear…

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Global cannabis industry raises whopping $2.7 billion in 2017

Medical marijuana companies around the world have raised $2.7 billion so far this year to capitalize on explosive growth in the industry, an almost 300% increase from the same time last year. More than half that total, $1.6 billion, was raised in Canad…

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Ohio medical marijuana license applicant sues state over ‘racial quota’

A multistate medical marijuana company that lost out in the race for one of a dozen large-scale MMJ cultivation licenses in Ohio is suing the state over what it claims is an unfair “racial quota.” According to The Plain Dealer, PharmaCann O…

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MassRoots board resigns; Dietrich reinstated as CEO

In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them. “I am back at MassRoots,” a…

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World Health Organization gives CBD initial boost, plans to look at cannabis overall

Cannabis got a big boost from international health authorities Wednesday when the UN’s World Health Organization said that CBD should not be scheduled as a controlled substance, an initial finding that comes about a month after the agency reviewe…

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San Diego DA, marijuana businessman agree to settlement in criminal case

James Slatic and his San Diego cannabis distribution company have apparently come out on top in a nearly two-year fight with the district attorney’s office. The DA has agreed in a settlement to return nearly $300,000 to Slatic that was seized in …

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Aphria inks deal to secure CA$100 million for M&As, expansion

One of Canada’s largest medical marijuana producers announced a stock-purchase deal to raise 100 million Canadian dollars ($77.7 million) in capital, which it intends to apply to the construction of new production facilities globally and in Canada. Lea…

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New Mexico medical marijuana businesses see big spike in patients

Medical marijuana dispensaries in New Mexico enjoyed a 77% increase in customers in the past year. New Mexico’s registered patients totaled 45,347 as of Nov. 30, a net gain of 19,650 over the previous year, according to the Las Cruces Sun-News. H…

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Marijuana entrepreneurs already lining up for New Jersey’s looming recreational market

New Jersey can’t even begin the recreational cannabis legalization process until mid-January, but marijuana entrepreneurs across the country are descending on the Garden State in hopes of getting a first-mover’s advantage in what could become one…

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North Dakota taking feedback on medical cannabis regulations

North Dakota health officials are gathering public input about proposed medical marijuana rules as the state prepares to launch its MMJ program. Health officials plan to hear from prospective dispensary operators who want to comment at meetings in six …

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