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...]

May 13, 2013

Weekly Wrap-Up: 100s of California Dispensaries to Close? + Final Marijuana Regulations in Colorado

If it isn’t one thing for California’s medical marijuana industry, it’s another. The MMJ business climate in the state is as turbulent as it gets, with dispensaries and related businesses [click to continue...]

May 10, 2013

Bright Marijuana Business Outlook: 80% of Ancillary Cannabis Firms Expect ‘Big’ or Moderate Growth

The future of the marijuana industry is extremely bright, at least if you ask those who have hitched their wagon to it. Roughly 80% of executives at ancillary cannabis companies [click to continue...]

May 9, 2013

Top 20 Business-Related Aspects of Colorado’s Recreational Marijuana Regulations

Colorado entered the cannabis history books yet again yesterday, becoming the first state in the nation to officially pass regulations covering the cultivation and sale of marijuana for adult use. [click to continue...]

May 9, 2013

Rob Hunt: Massachusetts Dispensary Regulations Will Create Shotgun Marriages, Boost Risk

By Robert E. Hunt So you want to open a medical marijuana dispensary in Massachusetts? Before you go any further, you may want to examine what you’re up against. The [click to continue...]

New Poll Good News for D.C. Marijuana Legalization

A ballot measure to legalize possession of marijuana in Wasington, D.C. got a boost on [click to continue...]

WA Rec Shop Lottery Winners At Risk of Losing Licenses

Washington State is warning dozens of applicants for recreational marijuana business licenses that their chance [click to continue...]

Lawsuit Over ‘Pot Pavilion’ Highlights New Cannabis Business Risks

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A Colorado marijuana edibles company is under increasing heat as a lawsuit filed against its [click to continue...]

Lobbying Group Turns Tables on Overconsumption Story

The Marijuana Policy Project (MPP) is using a now-infamous first person account of excessive cannabis [click to continue...]

Consultant Company Pursues IPO-Friendly Restructure

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Mjardin Management isn’t exactly an original idea, given that it’s a consulting and management company [click to continue...]

IL Gubernatorial Candidate: Auction Off MMJ Licenses

If Republican Bruce Rauner had his way, Illinois’s 60 medical marijuana dispensary permits and 21 [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...]