May 29, 2013

Moratoriums, Bans Could Dampen Recreational Marijuana Business Opportunities in Colorado

This week was a historic one in Colorado on the marijuana front, with Gov. John Hickenlooper officially signing laws regulating the production and sale of marijuana for adult use. But [click to continue...]

May 28, 2013

Quarterly Financial Reports Highlight Challenges Facing Publicly Traded Medical Cannabis Companies

Medical marijuana sales are expected to grow by 15% this year to hit $1.5 billion, dispensaries are launching in several new markets across the country and retail cannabis stores are [click to continue...]

May 24, 2013

Another Medical Marijuana Business Boom on Horizon? Cannabis Bills Advancing in Key States

The next few weeks could lead to a whole new chapter in the medical marijuana history books, with several influential states poised to pass bills that would greatly expand the [click to continue...]

May 23, 2013

MedBox Profits Halved Despite Healthy Increase in Revenues, Growth of Medical Cannabis Industry

MedBox Inc., which provides automated cannabis vending systems and consulting services to the medical marijuana industry, saw its first-quarter net income fall 56% as increased marketing, commissions and other expenses [click to continue...]

May 22, 2013

Prop D Prevails: New LA Cannabis Regs Will Have Many Business Implications, Positive and Negative

A measure to regulate the medical marijuana industry in Los Angeles and limit the number of dispensaries to 135 beat out two competing proposals by a landslide, ushering in a [click to continue...]

May 21, 2013

Los Angeles Marijuana Dispensaries on Edge With Voters Set to Reshape Nation’s Largest MMJ Market

(Update: The official results are in. See story here) It’s D-Day in LA. The estimated 700-plus dispensaries in Los Angeles will likely learn their fate sometime tonight after voters weigh [click to continue...]

May 20, 2013

Weekly Wrap-Up: WA or CO Better for Cannabis Entrepreneurs? + Another State Leans Toward MMJ

First Colorado, then Washington. The two states that legalized marijuana for recreational use in November are both moving forward quickly on the regulatory side, with Colorado approving final rules on [click to continue...]

May 17, 2013

Breaking: Illinois Poised to Become 20th MMJ State as Legislature Passes Medical Cannabis Bill

The Illinois Senate has passed a bill legalizing the cultivation, sale and use of marijuana for medical reasons, a watershed development that puts the state on the cusp of joining [click to continue...]

May 17, 2013

Proposed Washington State Marijuana Rules Include Many Hoops, Challenges for Entrepreneurs

Labeling and dosage standards. Rules on waste disposal, ownership changes and third-party testing. Application fees ranging from $250 to $500 for marijuana retailer, producer and processor licenses. These are some [click to continue...]

May 16, 2013

GrowLife’s Acquisition Strategy Leads to Spike in Revenues, But Wider Net Loss, in Q1

GrowLife Inc., a publicly traded company that provides cultivation equipment and related technology to the medical marijuana industry, reported a sevenfold increase in revenues during the first quarter but also [click to continue...]

May 15, 2013

MMJ State Update: Maine Marijuana Climate Heating Up With New Proposals, Lawsuit

Note: Periodically, MMJ Business Daily will explore the marijuana business climate in smaller medical cannabis states that typically fly under the radar from a national perspective. In this post we’ll [click to continue...]

May 14, 2013

Credit Card Companies Barring Dispensary Owners From Opening Accounts for Other Businesses

Dispensary owners affected by credit card companies’ moves to cut ties with the medical marijuana industry in recent years could find it exceedingly difficult to open merchant accounts for other [click to continue...]

Oregon Bank Looking to Work With Marijuana Industry

An Oregon-based financial institution has confirmed it is in talks with federal and state regulators [click to continue...]

NY Urged to Accelerate MMJ Program

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Cannabis advocates and lawmakers in New York are urging the state to accelerate implementation of [click to continue...]

Senators Ask Feds for Cannabis Guidance, Consistency

Senators from Colorado and Washington have jointly appealed to the White House and the U.S. [click to continue...]

Study: WA Rec Industry Not Creating Tourism Boom

Interest in traveling to Seattle has dipped slightly despite the start of recreational cannabis sales [click to continue...]

Rand Paul Pressuring Lawmakers to Declare Marijuana Stance

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U.S. Sen. Rand Paul (R-KY) has filed a series of marijuana-related amendments in recent days, [click to continue...]

CBD, Hemp Bill Introduced in House

A Republican lawmaker has introduced a bill in the U.S. House that would effectively legalize [click to continue...]

90% Support MMJ in Florida

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Opponents of medical marijuana legalization in Florida have ramped up publicity for their campaign in [click to continue...]

Stiff Competition for LV Dispensary Licenses

Applicants for medical marijuana dispensary licenses in Las Vegas face some hefty competition. Roughly 47 [click to continue...]

New York Times Urges Marijuana Legalization

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The New York Times editorial board is calling for an end to the federal ban [click to continue...]

Debt Fund Launched for Illinois MMJ Startups

Entrepreneurs looking to enter Illinois’ medical marijuana industry could get help with one of the [click to continue...]

FL Company Nabs $500K Funding Commitment

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A Florida company has secured up to $500,000 in investments to fuel its business interests [click to continue...]

$38.5M Potential Tax Haul From Legalized Cannabis in Oregon

Cannabis legalization in Oregon could generate $38.5 million in taxes for the state during the [click to continue...]

Seattle Dispensaries, MMJ Growers Could Get Reprieve

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Medical marijuana businesses in Seattle could get until 2016 to obtain licenses with the state. [click to continue...]

63 License Applications in Las Vegas

Las Vegas received 63 applications for medical cannabis business licenses by Wednesday’s deadline, according to [click to continue...]