MMJ Business Daily

U.S. prosecutor: Oregon has big marijuana overproduction problem

Oregon’s top federal prosecutor said Friday the state has a “formidable” problem with marijuana overproduction that winds up on the black market – and he wants to work with state and local leaders and the marijuana industry to d…

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Chart: Arizona’s massive medical marijuana market keeps growing

Steady growth has characterized Arizona’s medical marijuana program over the past few years, and 2017 was no exception as the state reinforced its position as one of the nation’s largest MMJ markets. Arizona’s MMJ program added over 38,000 patien…

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Ontario marijuana grower sells shares of Arizona grower for CA$20 million

Hoping to keep the Toronto Stock Exchange at bay, a federally licensed cannabis grower in Ontario announced Friday it is selling its shares in an Arizona cannabis company for 20 million Canadian dollars ($16.15 million). Ontario-based Aphria said it wo…

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Amid Canadian cannabis stock meltdown, analysts warn against ‘panic selling’

As Canadian medical cannabis stocks plunge from their record highs, analysts say the volatility could end up dampening blazing capital markets and the industry’s appetite for mergers and acquisitions – at least until stability sets in. Since peaking in…

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MassRoots operating from shared workspace, raises nearly $5M to repay debts

Marijuana-focused social media platform MassRoots is operating out of a coworking space in Denver after being evicted from its office last month. According to the Denver Post, CEO Isaac Dietrich told shareholders in a conference call that the company i…

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New Zealand lawmakers advance one medical cannabis bill, reject another

New Zealand’s Parliament advanced a bill that would lay the groundwork for a regulated medical cannabis industry, but rejected a separate bill that would have established a more full-fledged market and allowed home cultivation. If the government’…

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Singapore looks to develop national strains of synthetic medical cannabis

Singapore is investing millions of dollars in a medical cannabis research program that will explore treatments for a range of diseases, including those related to metabolism, reproduction and the age-related diseases Alzheimer’s and Parkinson’s. Cannab…

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Week in Review: CA cannabis rollout hinders sales, Arizona mulls MMJ testing & Maine rules delayed

Scotts Miracle-Gro says California’s slow implementation of marijuana regulations is hurting sales, Arizona considers medical marijuana testing, and Maine’s governor delays MMJ regulations. Here’s a closer look at some notable developments …

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Ohio awards contract for medical marijuana customer call center

In what’s believed to be a first for the U.S. medical marijuana industry, Ohio regulators have awarded a contract to a private company for an MMJ patient call center. The three-year contract went to Direct Success, an Ohio-based company that has …

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Rob Kampia removed from National Cannabis Industry Association board

Rob Kampia, the embattled former chief of the Marijuana Policy Project, was removed from the board of directors of the National Cannabis Industry Association this week, Marijuana Business Daily has learned. Kampia’s ouster adds to recent turmoil …

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