June 6, 2013

Multi-Million Dollar Cannabis Venture Capital Fund in Works, Plans to Target Ancillary Marijuana Startups

A California venture capital firm led by noted MMJ pioneer Justin Hartfield – who co-founded WeedMaps.com -  has launched a new investment fund that aims to pump millions of dollars [click to continue...]

June 5, 2013

Medical Cannabis Dispensaries Losing Bank Accounts Over Large, Frequent Cash Deposits

An increasing number of medical cannabis dispensaries are losing their coveted bank accounts simply because they’re depositing too much cash, too frequently. The development presents yet another major challenge to [click to continue...]

June 4, 2013

MMJ Momentum Continues as Nevada, New York Medical Cannabis Bills Advance

Lawmakers in Nevada and New York advanced key medical marijuana legislation on Monday, raising hopes that dispensaries will be able to open in both states and setting the stage for [click to continue...]

June 3, 2013

Week in Review: Bill to Stop IRS Assault on MMJ Faces Long Odds + Skepticism Over Cannabis Plans

Last week, Medical Marijuana Business Daily wrote about how a federal lawmaker is planning to introduce legislation that would prevent the Internal Revenue Service from making life exceedingly difficult for [click to continue...]

May 31, 2013

Micah Johnson: Colorado, Washington Medical Marijuana Businesses Face Marketing Conundrum

By Micah Johnson When the smoke finally cleared in Colorado following the raucous events of April 20, the giant elephant in the corner could no longer go unaddressed: Cannabis is [click to continue...]

May 31, 2013

Former Microsoft Exec’s Plan to Create Major National Cannabis Brand Faces Many Hurdles

Jamen Shively has generated a lot of buzz lately. After revealing plans late last year to launch a high-end marijuana business in Washington State for discerning smokers, the former Microsoft [click to continue...]

May 30, 2013

Federal Lawmaker to Introduce Bill Tackling Top Problem for Medical Marijuana Industry: Taxes

US Congressman Earl Blumenauer is emerging as one of the biggest marijuana supporters in the halls of power, championing various initiatives recently that would help the cannabis cause. Now he’s [click to continue...]

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...]

Black Market Marijuana Dealer Targets Rec Store’s Customers

Although recreational marijuana proponents often argue that legalizing and taxing cannabis will help undercut illegal [click to continue...]

Colorado Banking Co-Op Program Stalls

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An attempt to ease the lack of banking services for Colorado’s cannabis industry may prove [click to continue...]

Lawsuit Filed Over Florida MMJ Lottery Plan

Should states rely on chance to decide who gets to produce medical cannabis? A Florida [click to continue...]

Legalization Bill on Tap in New York

A Democratic state senator in New York is planning to introduce a bill next year [click to continue...]

IL Lawmaker Defends Secrecy-Shrouded Application Process

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Illinois is keeping information about applicants for medical marijuana business permits completely confidential, ostensibly to [click to continue...]

Florida MMJ Opponents Buy $1.6M in TV Ads

Opponents of the push to legalize medical marijuana in Florida recently announced a $1.6 million [click to continue...]

Politicians Openly Discuss Marijuana Issues

As the 2014 election approaches, politicians are increasingly comfortable addressing marijuana issues as part of [click to continue...]

Oregon Cities Levy Taxes in Hopes of Rec Law Passage

News about medical marijuana, pot shops and cannabis in Oregon

For many voters, a key selling point of recreational cannabis legalization is the possible tax [click to continue...]

Cannabis Industry to Impact Energy Needs of Northwest Region

A 20-year power plan covering the northeast United States is taking into account the sizable [click to continue...]

Illinois MMJ Applicants Scramble for Local Support

As the deadline approaches to submit applications for dispensary and cultivation permits in Illinois, many [click to continue...]

Latest Rec Sales Data: $7M in Washington, $30M in Colorado

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Colorado and Washington have released updated tax data associated with their respective marijuana programs. In [click to continue...]

Chile Latest Country to Make Cannabis Progress

Chile has joined a growing list of countries moving toward legalization of medical or recreational [click to continue...]

New Poll Bolsters Rec Law Efforts

A recent poll spearheaded by NBC News and Marist shows continued support among Colorado residents [click to continue...]

Report: Notable Cannabis Opponents Have Ties to Big Pharma

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Several academics and researchers who oppose cannabis have worked with pharmaceutical companies that could take [click to continue...]