MMJ Business Daily

Lawsuits challenge Arkansas’ medical cannabis licensing process

Some medical marijuana business license applicants in Arkansas have filed anonymous lawsuits charging that regulators wrongly rejected their applications and are seeking a temporary restraining order to force the state to keep their bids in the scoring…

Read More

Quebec’s Hydropothecary inks agreement to raise CA$60M

Hydropothecary Corp. reached a deal to raise at least 60 million Canadian dollars ($50 million) that it plans to put toward working capital and general corporate purposes.
Under the so-called bought deal transaction, a group of underwriters has agreed …

Read More

Oregon agency to get first cannabis business representative

The state agency that regulates Oregon’s cannabis sector could have its first representative with experience in the marijuana industry.
According to Willamette Week, Gov. Kate Brown appointed Matt Maletis to the Oregon Liquor Control Commission. …

Read More

Public banks offer hope for marijuana businesses, but will they arrive in time?

By Omar Sacirbey
With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts.
But one idea is gaining acceptance among MJ entrepreneurs and a growing number of citi…

Read More

Constellation’s purchase of Canopy stake is ‘transformative,’ portends further investments

By Matt Lamers
In buying a chunk of the world’s largest medical cannabis company, global alcohol giant Constellation Brands substantiated the marijuana industry as both a threat and opportunity for alcohol, pharmaceutical and tobacco companies, analyst…

Read More

High marijuana taxes could give California’s black market new life

A report from a credit rating agency suggests that California’s high tax rates on marijuana – which could reach 45% depending on local taxes – may result in an ongoing or even thriving black market for cannabis.
According to Fitch Rat…

Read More

North Dakota is looking for more hemp farmers

North Dakota’s Agriculture Department is seeking participants for the third year of the state’s industrial hemp research program.
The goal of the program is to determine whether hemp can be a successful crop in North Dakota, and which varie…

Read More

Montel Williams’ suit seeks to protect image vs. CBD scams

Television talk-show host and medical marijuana activist Montel Williams is suing several Arizona-based companies for wrongly using his name and image in alleged CBD scams.
The lawsuit, filed in U.S. District Court for the Southern District of Florida,…

Read More

Montel Williams’ suit seeks to protect image vs. CBD scams

Television talk-show host and medical marijuana activist Montel Williams is suing several Arizona-based companies for wrongly using his name and image in alleged CBD scams.
The lawsuit, filed in U.S. District Court for the Southern District of Florida,…

Read More

Alcohol giant buys $190M stake in Canadian cannabis company

One of the biggest alcohol businesses in the world is entering into a strategic relationship with one of the largest medical marijuana companies on the globe, a move that could usher in a new era of investments and partnerships between the industries.

Read More