MMJ Business Daily

CBD sales begin in Texas’ restrictive industry

Texas now has at least one registered CBD patient. According to a news release, Cansortium Texas – which does business as Knox Medical in the town of Schulenburg – made its first actual sale on Thursday to the family of a 6-year-old girl wi…

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Nunavut may open door to private-sector marijuana sales

The Nunavut government might carve out space for private sector recreational cannabis sales, but probably not until 2019. Dan Carlson, assistant deputy minister of finance, told CBC News that a private retail system would be regulated by the Nunavut Li…

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Mobile processor promises new fiber opportunities for hemp farmers

If hemp fiber is so strong and easy to grow, why is so much of it moldering in barns awaiting a buyer? Two hemp companies say they have the answer, and they plan to bring it to farmers who can’t find buyers for hemp’s tough stalks. HempLogi…

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Maine governor delays implementation of medical marijuana regulations

Following the lead of a key legislative committee, Maine Gov. Paul LePage has halted implementation of regulations for the state’s medical marijuana market. The rules would have gone into effect Thursday, but LePage delayed them until May so the …

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Industrial hemp facility planned for Kentucky

A company founded by Canadian investors is planning to launch a hemp-product development and manufacturing center in Kentucky. According to Lexington TV station LEX 18, AgTech Scientific plans to create 271 jobs in Bourbon County with a $5 million inve…

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New York medical cannabis company sells for $18 million in cash, stock

The latest sale of a New York state medical marijuana business license is now a done deal. iAnthus Capital Holdings on Thursday completed the acquisition of Citiva Medical, one of 10 MMJ licensees in New York, for roughly $18 million, according to a ne…

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Nova Scotia to sell recreational marijuana at only nine locations

Recreational cannabis in Nova Scotia will be sold at nine government-owned liquor stores pending Canada’s nationwide legalization this summer. The retail plan overlooks two major population areas, however. The southern part of the province and An…

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Colorado firm launches $50M cannabis-focused venture capital fund

Canopy, a Colorado-based, marijuana-focused business accelerator, has created a $50 million venture capital fund that will focus on “growth stage companies” in the cannabis sector. The subsidiary, Canopy Ventures I, plans to target technolo…

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Montana’s medical marijuana businesses are off and running

Montana’s medical marijuana businesses aren’t sitting on their hands. In fact, it’s quite the opposite. As 600-plus registered caregivers wait for state regulators to finalize industry regulations that were expected last June, many ha…

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Willie Nelson’s marijuana company raises $12 million for expansion

Capital raises in the marijuana industry appear to be continuing unabated since the issuance of the Sessions Memo on Jan. 4. Country music star Willie Nelson’s cannabis company joined the marijuana funding fray Wednesday with the announcement of …

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