MMJ Business Daily

San Diego finalizes marijuana grow and manufacturing rules

San Diego has decided to allow indoor cultivation and manufacturing, making the city among the first in California to establish regulations for the entire marijuana supply chain.

According to the San Diego Union-Tribune, new rules passed by the City Council include two key changes:

• Marijuana production businesses must have “odor-absorbing ventilation and exhaust systems.”
• Testing labs are now permitted in the city.

Council members approved the supply chain with the belief it “will eliminate the need to truck marijuana in from elsewhere and prevent a local ‘black market’ of unregulated cultivators and manufacturers that would

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San Diego finalizes marijuana grow and manufacturing rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canada moves to allow rec marijuana edibles, opening major new market for businesses

By Matt Lamers

Edible marijuana products in Canada will be brought into the mix within a year after the country officially launches its recreational industry next summer, giving cannabis businesses an opportunity to enter a new market totaling perhaps 15 million people.

A parliamentary committee this week amended legislation legalizing recreational cannabis to allow edibles one year after the new law takes effect.

The amended rec legislation provides welcome clarity for marijuana businesses interested in entering the legal infused products business. It does not cover medical cannabis.

“It’s a good sign for the industry,” said Vahan Ajamian, analyst

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Canada moves to allow rec marijuana edibles, opening major new market for businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Possible repeal of 280E for marijuana businesses: Q&A with Rep. Carlos Curbelo

By John Schroyer

The 280E section of the federal tax code has been the bane of law-abiding cannabis businesses for years because it typically results in plant-touching companies paying enormous tax bills to the IRS.

But that could change, perhaps even this year, if Congress were to pass the Small Business Tax Equity Act.

Possible repeal of 280E for marijuana businesses: Q&A with Rep. Carlos Curbelo is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Alberta’s rec cannabis blueprint leaves door open to private retailers, MJ clubs and lounges

By Matt Lamers

Alberta’s proposed framework to regulate marijuana leaves open the possibility private companies could sell adult-use products, a move that would be a boon for businesses wanting to participate in the province’s retail sector.

The provincial government also signaled it is open to marijuana cafes and lounges, which would provide more opportunities for entrepreneurs.

But the regulations governing such venues – as well as those for online sales – probably won’t be ready by the time adult-use legalization is scheduled to take effect July 1.

Giving private businesses a crack at adult-use sales would set Alberta

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Alberta’s rec cannabis blueprint leaves door open to private retailers, MJ clubs and lounges is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

PA medical cannabis cultivation license on the market for $20M

Pennsylvania’s medical marijuana program isn’t even operational and cultivation licenses already are being shopped around.

The Philadelphia Inquirer obtained a confidential prospectus that includes an offer to sell 100% of Franklin Labs – one of 12 MMJ cultivation license winners – for $20 million.

The newspaper confirmed with the company’s CEO that the license is for sale, but the state has explicitly said no permit may be sold or transferred without approval from the health department.

To obtain its Pennsylvania cultivation license, Franklin Labs had to pay a $10,000 application fee and $200,000 for

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PA medical cannabis cultivation license on the market for $20M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

California cannabis agency to host licensing workshops

California’s Bureau of Cannabis Control will hold three public workshops to educate hopeful marijuana business licensees on how to obtain state permits.

The state’s departments of Public Health, Food and Agriculture, and Tax and Fee Administration also will have representatives at the workshops.

The seminars are scheduled for Oct. 12 in Los Angeles, Oct. 13 in Riverside and Oct. 17 in Sacramento, though the bureau hasn’t released exact sites for each workshop. Each seminar will run from 10 a.m. to 1 p.m.

The bureau said in a news release that anyone seeking updates can subscribe to its

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California cannabis agency to host licensing workshops is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Alaska voters reject three cannabis business bans

Alaska’s marijuana industry is breathing a sigh of relief after voters in three of the state’s largest population areas – and where a large number of the state’s cannabis businesses operate – resoundingly rejected three different proposed moratoriums.

The moratorium referendums were held Tuesday in Fairbanks (population 33,000), the Fairbanks North Star Borough (100,000) and the Kenai Peninsula Borough (58,000), which between them hold more than a quarter of the state’s 742,000 people.

Had they passed, the local moratoriums would have negatively affected the vast state’s legal marijuana industry. Roughly 25 licensed marijuana businesses, including 18 growers, operate

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Alaska voters reject three cannabis business bans is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Alaska voters reject three cannabis business bans

Alaska’s marijuana industry is breathing a sigh of relief after voters in three of the state’s largest population areas – and where a large number of the state’s cannabis businesses operate – resoundingly rejected three different proposed moratoriums.

The moratorium referendums were held Tuesday in Fairbanks (population 33,000), the Fairbanks North Star Borough (100,000) and the Kenai Peninsula Borough (58,000), which between them hold more than a quarter of the state’s 742,000 people.

Had they passed, the local moratoriums would have negatively affected the vast state’s legal marijuana industry. Roughly 25 licensed marijuana businesses, including 18 growers, operate

…

Alaska voters reject three cannabis business bans is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maryland grants medical marijuana licenses to eight businesses

Maryland regulators have given eight more medical marijuana companies the green light to begin operations, a positive sign for a program that’s been fraught with problems.

According to The Baltimore Sun, the state granted licenses to one cultivator/processor, three processors, two testing labs and two dispensaries:

• Cultivation/processing: Kind Pharmaceuticals USA (Washington County)
• Processing: Pharmaculture Corporation (Allegany), Rosebud Organics (Montgomery) and AFS Maryland (Wicomico)
• Testing: Steep Hill Maryland (Howard) and Atlantic Testing Labs (Anne Arundel)
• Dispensaries: Potomac Holistics (Montgomery) and KNR Holdings (Frederick)

Meanwhile, the state’s first MMJ crop is ready to be tested, but there’s no clear timeline for when businesses

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Maryland grants medical marijuana licenses to eight businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maryland grants medical marijuana licenses to eight businesses

Maryland regulators have given eight more medical marijuana companies the green light to begin operations, a positive sign for a program that’s been fraught with problems.

According to The Baltimore Sun, the state granted licenses to one cultivator/processor, three processors, two testing labs and two dispensaries:

• Cultivation/processing: Kind Pharmaceuticals USA (Washington County)
• Processing: Pharmaculture Corporation (Allegany), Rosebud Organics (Montgomery) and AFS Maryland (Wicomico)
• Testing: Steep Hill Maryland (Howard) and Atlantic Testing Labs (Anne Arundel)
• Dispensaries: Potomac Holistics (Montgomery) and KNR Holdings (Frederick)

Meanwhile, the state’s first MMJ crop is ready to be tested, but there’s no clear timeline for when businesses

…

Maryland grants medical marijuana licenses to eight businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs