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...]

150K Pounds of Legal Marijuana Sold in CO Last Year

Dispensaries and retail cannabis stores in Colorado sold nearly 150,000 pounds of marijuana flower last [click to continue...]

Medical Cannabis Demand Outweighing Supply in DC

supply and demand

Recreational marijuana has dominated headlines out of Washington DC this week, as the use, possession [click to continue...]

Another Lawsuit Over MMJ Licensing Process in Illinois

A company that got turned down for one of the Illinois’ 21 medical marijuana cultivation [click to continue...]

MJ Financial Services Firm Secures $2M Investment

A financial services firm that plans to serve the cannabis industry has secured $2 million [click to continue...]

Alaska’s Largest City Enacts MJ Concentrates Rules

Alaska

Alaska marijuana entrepreneurs who want to specialize in infused products or extracts will have to [click to continue...]

Washington DC Mayor Seeks to Ban ‘Cannabis Clubs’

With private marijuana use on track to become legal in Washington DC on Thursday barring [click to continue...]

Evicted MMJ Grower Wants Same Legal Protections as Farmers

Oregon is facing an interesting question tied to its medical marijuana law: Should evicted cannabis [click to continue...]

Report: Outlook for MJ Stocks Strong, But Many Could Stumble

cannabis stocks

Institutional investors will put money into cannabis stocks this year, though many publicly traded MJ [click to continue...]

Alaska Governor Seeks Marijuana Industry Oversight Board

Alaska Gov. Bill Walker has sent a bill to state lawmakers calling for the establishment [click to continue...]

Canadian Stock Regulators: Risk Disclosures Lacking

Canadian stock regulators have a word of warning for those investing in MMJ companies north [click to continue...]

Minnesota Medical Cannabis Workers Join Union

UFCW

At least half of Minnesota’s medical marijuana dispensaries will be unionized. The United Food and [click to continue...]

Kosher Medical Cannabis Certification in New York?

Dispensary owners in New York may have a niche customer base to tap when they [click to continue...]

U.S. Investment Fund Inks Another Deal With Canadian Grower

A U.S. investment fund has cemented its second deal with a Canadian cannabis grower this [click to continue...]

Some San Jose Dispensaries Refusing to Pay Tax

cannabis taxes

Dispensary owners in San Jose, California, are in a dispute with the city over unpaid [click to continue...]