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...]

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...]

Chicago Suburbs Debate MMJ Regs

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As the impending September timeframe looms for medical marijuana businesses to apply for operating permits [click to continue...]

Marijuana Vending Machine Comes to Denver

A medical marijuana vending machine generating plenty of buzz in the media has made its [click to continue...]

Colorado City Awards 21 Rec Shop Licenses

The third-largest city in Colorado awarded 21 licenses for cannabis shops on Thursday, paving the [click to continue...]

$25M Infusion for Kiosk Company

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More good news on the financial front for cannabis businesses: A company that sells self-service [click to continue...]

DEA Cements Plan to Boost Cannabis Production

For four years, the Drug Enforcement Administration has allowed the federal government to grow a [click to continue...]

Another Lawsuit Over Dispensary Licensing in Massachusetts

The Massachusetts dispensary licensing process has evoked the ire of several applicants who feel that [click to continue...]

Advocate: Paraphernalia Sales Legal Under Florida MMJ Bill

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Florida’s medical marijuana ballot measure will create an overlooked business opportunity: paraphernalia sales. Currently, it’s [click to continue...]

WA Retail Stores Fight Price Gouging

Washington State recreational marijuana shops have had it with the sky-high prices licensed growers are [click to continue...]

Investors Welcome 2 New Canadian MMJ Stocks

Two Canadian cannabis cultivation companies saw their share prices soar on the first day of [click to continue...]

Colorado Rec Tax Structure Safe for Now

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Taxing recreational marijuana sales is a tricky business, as a Denver judge pointed out in [click to continue...]

Medical Marijuana Industry Burgeoning in WA Town

The town of Port Angeles, Washington, has experienced a marijuana boom in 2014. But the [click to continue...]

Oregon City’s Recall Election Tied to Dispensary

Just because Oregon is poised to legalize recreational marijuana in November doesn’t mean everyone in [click to continue...]

Applicant for Massachusetts MMJ Licenses ‘Befuddled’ by Ruling

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A Denver medical cannabis company says it’s “befuddled” by obstacles it has encountered while trying [click to continue...]

Lawsuits Could ‘Destroy’ Rec Cannabis in Washington State

Federal versus local control over marijuana. That’s the question at the heart of two lawsuits [click to continue...]