MMJ Business Daily

Canada regulators clarify policy for MJ firms with U.S. assets

An umbrella organization for Canada’s securities regulators issued new guidelines requiring Canadian companies with marijuana-related activities in the United States to spell out the potential risks for investors.
Among other things, company disc…

Vermont says CBD should be taxed, unlike MMJ or other drugs

Vermont is charging sales taxes on CBD, a departure from the state’s position on medical marijuana and other drugs.
A recent ruling by Vermont’s Department of Taxes stated that “cannabidiol products do not qualify as ‘drugs’” an…

Costly employment-related lawsuits on the rise in cannabis industry as MJ workforce grows

By Bart Schaneman
Marijuana companies are seeing an uptick in lawsuits tied to employment issues, reflecting the cannabis industry’s growing pains as it transforms into a more mainstream business.
The latest involves a suit targeting Electrum Partners,…

Hemp State Highlight: Vermont’s hemp industry could see big changes from MJ, larger neighbors

By Kristen Nichols
Vermont’s small hemp industry has cause for great optimism: The state has the nation’s loosest hemp regulations and a latitude that makes it an easy fit for hemp cultivars developed in Canada and northern Europe.
But Vermont’s hemp g…

130-acre medical cannabis business park planned in Michigan

A planned 130-acre medical cannabis business park in Michigan is being touted as the largest east of the Mississippi River.
The project, called Harvest Park, is slated to be home to a variety of companies and tenants, all devoted to the medical marijua…

Canadian MJ firms that do business in U.S. could lose TSX stock listing

The parent company of Canada’s largest stock exchange said that marijuana companies that do business in the U.S. cannabis market could possibly be delisted.
The TMX Group, parent of the Toronto Stock Exchange and the TSX Venture Exchange, issued a noti…

MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger

By Omar Sacirbey
Turmoil and uncertainty are swirling around MassRoots, the once high-flying canna-centric social media and tech firm, after the company’s board reportedly fired founder and CEO Isaac Dietrich.
The news already has triggered fallo…

First business approved to grow medical marijuana in Pennsylvania

Pennsylvania has given its first green light to a medical marijuana company to start growing cannabis under the state’s new MJ program
The Morning Call newspaper reported the state health department approved Cresco Yeltrah – based in Jeffer…

South Carolina hemp interest booms after slow start

After a slow start getting applications for its first modern hemp crop, South Carolina saw a crush of last-minute applicants.

More than 120 farmers in South Carolina have signed up for just 20 licenses to grow hemp next year, The State newspap…

Researchers urge BC to stick with ‘proven’ marijuana dispensaries

Let the private sector play a role in selling marijuana in British Columbia.
That’s the advice of two researchers at a leading Canadian university. They are cautioning politicians in B.C. against upending the province’s longstanding dispensary sy…