MMJ Business Daily

Nevada rule extension allows rec cannabis sales to continue

The Nevada Tax Commission has extended the emergency regulations that allow recreational marijuana sales to continue another 120 days. The rules were scheduled to expire Nov. 1.
The emergency rules were originally enacted to enable an “early roll…

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Two Canadian marijuana producers look to raise CA$51 million

Two producers of medical marijuana, CannTrust Holdings and The Green Organic Dutchman Holdings, are taking separate steps to raise capital to fund the build-out of their production facilities to meet demand for MMJ and recreational cannabis.
CannTrust …

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Michigan rule change gives MMJ businesses new lease on life

In a business-buoying flip-flop, Michigan regulators said that existing medical marijuana dispensaries can stay open while seeking a state license as long as they have been operating with the approval of their communities.
State regulators had given di…

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Ontario unveils proposed law to regulate recreational marijuana

Ontario became the first province in Canada to introduce legislation to regulate the sale and distribution of recreational marijuana and, in doing so, promised to impose million-dollar fines on privately owned dispensaries that refuse to close their do…

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Wana Brands plans to stretch its footprint to nine cannabis markets

Colorado-based edibles maker Wana Brands announced a planned expansion into six new marijuana states by the end of 2018, another example of how the cannabis industry is increasingly becoming a national business.
Wana, which already has products availab…

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Washington state enters unknown territory with no official seed-to-sale system

By Bart Schaneman
Washington state marijuana licensees are incurring added costs in man hours and paperwork now that they’re operating without a contracted state seed-to-sale system.
The Nov. 1 rollout marked the first time licensed Washington st…

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Provincial Preview: Will ‘Alberta advantage’ pay off for marijuana producers, other MJ businesses?

By Matt Lamers
Alberta might be one of Canada’s hottest cannabis markets after recreational sales are legalized next year, and “the Alberta advantage” puts the province’s cultivators – and possibly edibles makers and retailers – in a position to capita…

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Marijuana payment firm to put $2.86M raise toward expansion

Marijuana payment service PayQwick, which brands itself as the PayPal of marijuana, has secured a $2.86 million raise.
According to a news release, the Calabasas, California-based company plans to use the funding to increase sales and product developme…

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Canadian MJ grower buys Maine hemp farm for CBD production

A Canadian company that specializes in indoor marijuana production is going outside – buying a Maine hemp farm to ramp up its CBD oil production.
Future Farm Technologies of Vancouver said in a news release it has acquired a 120-acre industrial …

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NJ court: Marijuana’s Schedule 1 status must be reviewed

In a move that could have important implications for the legalized marijuana industry, a New Jersey appeals court has ruled that the state should review marijuana’s classification as a Schedule 1 drug, which makes it illegal under federal law.
Schedule…

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