MMJ Business Daily

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.

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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.

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MedMen seeks $250 million raise for marijuana private equity fund

Marijuana management firm MedMen is aiming to raise $250 million to invest in cannabis businesses in the California, Nevada and New York markets.
The fund, called MedMen Opportunity Fund II, is going to specifcially target plant-touching companies, inc…

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Chart: Canadian marijuana producers bolster inventories ahead of recreational cannabis legalization

By Eli McVey
With Canada’s recreational marijuana market set to launch next summer, the country’s licensed medical cannabis producers are shoring up their inventories in anticipation of an eventual supply shortage.

Growth in the amount of dried mariju…

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Michigan medical cannabis license hopefuls lining up days in advance

Medical marijuana business permits in Michigan are already appearing to be a hot commodity.
So hot, in fact, that hopeful licensees are willing to wait for days in freezing temperatures just to be among the first to submit permit applications.
That&#82…

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New Jersey may add five more medical marijuana conditions

New Jersey’s proposed addition of five conditions that can be treated with medical marijuana could expand the program’s patient pool and, in turn, lead to increased sales for the handful of dispensaries in the state.
The state’s Medic…

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University to study medical cannabis as opioid alternative

On the same day that President Donald Trump labeled opioid-related deaths a “national health emergency,” word spread that the University of Florida Health will study the medical benefits of cannabis as a possible alternative to the narcotic…

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Washington state county moves to ban legal marijuana grows

A rural county in central Washington state has adopted new cannabis farming regulations so strict they’ll effectively run the region’s 25 licensed marijuana growers out of business.
Chelan County, about three hours east of Seattle, enacted …

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Arizona recreational cannabis foe indicted in national opioid plot

The founder of a company that contributed $500,000 to help defeat recreational marijuana legalization in Arizona last year now faces fraud and racketeering charges from federal authorities who accuse him of pushing prescriptions of powerful painkillers…

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AG Jeff Sessions demurs on federal marijuana crackdown

U.S. Attorney General Jeff Sessions on Thursday declined to say whether the Department of Justice is planning any sort of cannabis crackdown or prosecution of state-licensed marijuana businesses and instead left open the door for future federal law enf…

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