MMJ Business Daily

Canadian marijuana producers form co-op to sell rec products

A dozen of Canada’s largest marijuana producers have come together to form the Canadian Cannabis Co-op and are offering to bankroll a “turn-key” retail network in Alberta to sell adult-use products alongside private retailers and government-run outlets.

The group, which unveiled its plans in a news release, hopes to extend the initiative to other provinces.

In their news release, the companies said Alberta could benefit from the direct investment of tens of millions of dollars to set up the infrastructure to sell recreational marijuana starting next summer.

The group said it would create more than 500 “near-term” jobs and provide

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Canadian marijuana producers form co-op to sell rec products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

CBD is no longer taboo, says global anti-doping regulator

CBD will take another big step toward the mainstream next year when the World Anti-Doping Agency (WADA) removes hemp-based products from a list of banned substances.

WADA’s 2018 listing will show that “cannabidiol is no longer prohibited,” though the agency didn’t explain why CBD was removed.

WADA – whose mission is to combat illicit drugs in sports on an international basis – reiterated, however, that THC and its synthetic analogs remain off-limits, The Washington Post reported.

The Canada-based agency oversees the World Anti-Doping Code, which is used by more than 600 sports organizations, including the

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CBD is no longer taboo, says global anti-doping regulator is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Home cultivation of recreational cannabis debated in WA

Recreational marijuana home grows are still a hot button issue among Washington state residents, and regulators were not given an easy path forward after a hearing Wednesday on whether to legalize them.
Although registered medical cannabis patients are…

Week in Review: New York’s black market, new Maryland cannabis licensees & Michigan cultivation rule

By Omar Sacirbey, Bart Schaneman and John Schroyer

Potential medical marijuana patients in New York are turning to the black market, Maryland awards eight more MMJ business licenses, and a new Michigan law could increase cannabis cultivators’ production.

Here’s a closer look at some notable developments in the marijuana industry over the past week. 

Flower power in New York

A New York industry insider was “not surprised to see” a report that the state’s legal medical marijuana businesses are losing potential patients to the black market.

Reasons given were the high cost of legal medical products,

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Week in Review: New York’s black market, new Maryland cannabis licensees & Michigan cultivation rule is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Hemp State Highlight: North Carolina puts out big welcome mat for hemp industry

By Kristen Nichols
Dozens of states are slowly experimenting with industrial hemp cultivation and processing, authorizing limited tests through land-grant universities. Not North Carolina.
North Carolina has gone all in on hemp, which state officials s…

Michigan raids lead to closure of 8 medical marijuana dispensaries

A whopping eight medical cannabis dispensaries were raided and forced to close in northern Michigan.

All eight were located in Grand Traverse County and were raided by the Traverse City Police, Traverse Narcotics Team and Michigan State Police, UpNorthLive.com reported.

The raids were executed simultaneously after a monthlong investigation involving undercover officers who bought MMJ at the dispensaries despite not having “a patient-caregiver relationship,” Traverse City Police Chief Jeff O’Brien told the news outlet.

Though no arrests were made, law enforcement agents seized cash, MMJ, cannabis plants, edibles and wax.

The county prosecutor’s office may still file criminal

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Michigan raids lead to closure of 8 medical marijuana dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canada’s rec cannabis tax formula emerging: 10% excise + 5% GST

Canada’s federal government floated a possible recreational marijuana taxation plan this week, pitching a 10% excise tax on top of the 5% GST levy that’s applied to most goods and services sold in the country.

Provinces haven’t weighed in with their own sales tax, but once those are included (a near certainty) recreational cannabis could be taxed at between 20%-25%.

In a meeting with premiers, Prime Minister Justin Trudeau proposed the excise tax of 1 Canadian dollar (80 cents) per gram for cannabis sales up to CA$10, rising to 10% thereafter, the Straight and The Globe and Mail reported.

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Canada’s rec cannabis tax formula emerging: 10% excise + 5% GST is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arizona real estate firm plans third medical marijuana business park

An Arizona real estate company that already operates a pair of medical cannabis business parks says a third is in the works.

Scottsdale-based Zoned Properties has announced plans to build a 47.6-acre business park in Chino Valley, roughly 100 miles north of Phoenix.

The operation will include at least 25 acres dedicated to cultivation and processing, according to a Zoned Properties news release. The other 22.6 acres will be taken up by solar panels and a vineyard, a spokesman wrote in an email to Marijuana Business Daily.

So far, 35,000 square feet are already operational and have been

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Arizona real estate firm plans third medical marijuana business park is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arizona real estate firm plans third medical marijuana business park

An Arizona real estate company that already operates a pair of medical cannabis business parks says a third is in the works.

Scottsdale-based Zoned Properties has announced plans to build a 47.6-acre business park in Chino Valley, roughly 100 miles north of Phoenix.

The operation will include at least 25 acres dedicated to cultivation and processing, according to a Zoned Properties news release. The other 22.6 acres will be taken up by solar panels and a vineyard, a spokesman wrote in an email to Marijuana Business Daily.

So far, 35,000 square feet are already operational and have been

…

Arizona real estate firm plans third medical marijuana business park is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Pennsylvania medical cannabis grower drops suit but not the battle

A medical marijuana company that failed to win a Pennsylvania cultivation license has dropped a lawsuit against the state’s health department demanding the agency revoke a license awarded to another grower.

Scranton-based BrightStar Biomedics charged in a lawsuit filed last month that Pennsylvania Medical Solutions didn’t disclose on its application that it was under criminal investigation, the Philadelphia Inquirer reported.

BrightStar officials didn’t say why they dropped the lawsuit. But a spokesman said the company intends to find out through a state appeals process why Pennsylvania Medical won a license over Brightstar, according to

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Pennsylvania medical cannabis grower drops suit but not the battle is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs