Canadian marijuana grower Village Farms approved for Nasdaq listing
Fri 5:09pm By Nick ThomasVillage Farms International, a Canadian greenhouse grower with a 50% stake in British Columbia-based cannabis firm Pure Sunfarms Corp., has graduated to the Nasdaq exchange. The company says it will leave the over-the-counter markets – where it trades as…Missouri gets 400-plus applications for medical cannabis business permits
Fri 3:18pm By Jeff SmithBusiness interest in Missouri’s medical marijuana program remains strong, with the state receiving more than 400 applications for retail, cultivation and processor licenses. The state reported that 418 business application forms have been filed, generating…UK receives initial ‘bulk’ shipment of medical cannabis
Fri 3:11pm By Matt LamersThe United Kingdom received its first-ever import of “bulk” medical cannabis this week, marking a milestone for a market that has so far relied on patient-specific imports to meet demand, experts say. The development represents a change in how cannabis…Report: US-based multistate marijuana operators poised to deploy big money in 2019
Fri 2:09pm By Jenel Stelton-HoltmeierU.S.-based cannabis multistate operators (MSOs) – both public and private – have hit the ground running in 2019 as they race to gain market share and establish a dominant brand. In 2018, a record number of U.S. cannabis firms turned to the Canadian…Canopy Growth international revenue jumps sixfold to CA$8.2 million
Fri 12:22pm By Matt LamersCannabis giant Canopy Growth’s international revenue shot up to 8.2 million Canadian dollars ($6.1 million) in the nine months ended Dec. 31, a nearly sixfold increase over the same period the year before, according to the company’s third quarter fiscal…First medical cannabis crop in Louisiana passes lab tests
Fri 10:00am By Bart SchanemanThe initial crop of legal medical marijuana in Louisiana has made it through the first round of laboratory testing, clearing an important checkpoint to legal sales. The cannabis grown by GB Sciences passed each laboratory inspection conducted by the…US cannabis companies have advantage for CBD exports to Brazil
Fri 10:00am By Alfredo PascualIt’s usually assumed that Canadian licensed cannabis producers have an advantage when it comes to international expansion, but the United States may have an edge over Canada in one country: Brazil. The South American country has seen steady growth in patient…Singapore may allow scientifically proven medical cannabinoids
Fri 8:30am By Matt LamersSingapore’s government signaled it could be ready to follow regional neighbors Thailand and South Korea in allowing pharmaceutical products containing cannabinoids. “It is important to differentiate between products containing unprocessed or raw cannabis…Alaska marijuana business owners to gain access to financial services
Fri 8:00am By Nick ThomasA nonprofit credit union in Alaska, Anchorage-based Credit Union 1, is set to begin offering financial services to cannabis companies in the state in March, which will allow those businesses an avenue to reduce their reliance on cash. It is the first time…Cannabis business news you may have missed for the week ending Feb. 15 (SLIDESHOW)
Fri 6:30am By Laura HamiltonCannabis business news you may have missed for the week ending Feb. 15 (SLIDESHOW) is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneursMedical cannabis sales in Maine drop for second year in a row
Thu 6:00pm By Omar SacirbeyMedical marijuana sales declined in Maine for the second straight year, a decrease that some dispensary owners blame on unfair competition both from the black market and patients growing their own product. According to the Portland Press Herald, tax data shows…Congress urged to allow legal marijuana businesses access to bank services
Thu 4:59pm By Jeff SmithBank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the state-legal marijuana industry, a change supporters say would reduce the risk of crime and resolve a litany of challenges for cannabis companies,…Senate confirms William Barr as U.S. attorney general
Thu 4:30pm By John SchroyerThe U.S. Senate voted 54-45 on Thursday to confirm President Donald Trump’s nominee for attorney general, William Barr, installing a Justice Department veteran as the nation’s top law enforcement official. During his confirmation hearings, Barr – who…Marijuana Business Daily appoints new editor in chief
Thu 3:30pm By Roger FillionMarijuana Business Daily has appointed Howard Burns, a longtime top editor in business-to-business journalism, as its editor in chief. The position is new for the company. Burns will oversee the entire editorial operation, including the MJBizDaily website as…Effort in Arkansas to add nearly 40 medical marijuana conditions falls short
Thu 2:28pm By Jeff SmithAn Arkansas legislative committee shelved an effort to more than triple the conditions that would qualify patients to use medical cannabis, a move that likely would have resulted in a more robust market. The proposal to expand the conditions list from 18 to…Largest health-care provider in Utah greenlights medical cannabis recommendations
Thu 1:26pm By John SchroyerUtah’s biggest health-care provider – Intermountain Healthcare – told its physicians they’re allowed to write medical marijuana recommendations for patients, which could boost the number of potential customers for the state’s upcoming MMJ industry.…City of Sonora to sue California over statewide marijuana delivery policy
Thu 8:00am By John SchroyerThe city of Sonora, in central California, plans to file suit against the state Bureau of Cannabis Control (BCC) over a policy adopted in 2018 that allows commercial marijuana to be delivered anywhere in the state, regardless of local bans on MJ commerce.…Craft cannabis firm Flow Kana closes record $125 million funding round
Thu 7:01am By Jenel Stelton-HoltmeierCalifornia-based marijuana producer and distributor Flow Kana closed a $125 million funding round – which appears to be the largest private funding round for a cannabis company in the United States. The previous record was held by the $119 million…Aurora’s European marijuana production center expects first sales in mid-2019
Thu 7:00am By Matt LamersThe first “saleable” harvest from Canadian cannabis giant Aurora’s Nordic 1 facility in Denmark is expected to be ready by the end of first quarter 2019, the company disclosed in a regulatory filing released alongside its quarterly earnings this week.…After string of successes, multistate cannabis firm MedMen forced to confront adversity
Thu 6:30am By John SchroyerIn November, California-based cannabis retailer MedMen began advertising for a crisis management planning manager. According to the job posting, the position was intended to support the company’s “employees and business units in building, sustaining and…CannaRegs looks beyond marijuana industry with $2 million capital raise
Wed 5:43pm By John SchroyerContrary to the trend of mainstream companies reaching into the marijuana industry, a firm founded to serve cannabis clients is expanding into traditional technology services for businesses that have nothing to do with the plant. Denver-based CannaRegs said in…Legal cannabis sales top $6 billion in Colorado
Wed 4:32pm By John SchroyerColorado’s legal marijuana market hit a milestone at the end of 2018, going over $6 billion in combined recreational and medical sales since the adult-use market launched on New Year’s Day in 2014. But since 2016, recreational sales have continued to climb…California governor to send National Guard to combat illegal marijuana grows
Wed 2:47pm By John SchroyerCalifornia Gov. Gavin Newsom announced during his state of the state address on Tuesday that the National Guard has been tasked with eliminating unlicensed cannabis farms, a move welcomed by the state’s legal marijuana growers. “We applaud (Newsom) for…Oklahoma medical cannabis sales surge to $4 million in January
Wed 1:39pm By Jeff SmithThe nascent Oklahoma medical marijuana program continues to post strong initial numbers, with retail sales topping $4.3 million in January, a fourfold increase from the previous month, according to state Tax Commission figures. That jump is for a program that…European Parliament calls for uniform definition of medical cannabis
Wed 12:51pm By Alfredo PascualIn a move to get more clarity on what medical marijuana is, the European Parliament passed a resolution Wednesday calling on the European Commission and EU countries to provide a legal definition and draw a clear distinction between cannabis-based…Greece challenges Denmark in race to be Europe’s marijuana hub
Wed 11:45am By Matt LamersGreece has received as many as 30 foreign investment applications for medical and industrial cannabis production worth approximately 350 million euros ($400 million), potentially setting up the country to be the European Union’s top supplier of medical…Weekly Deal Watch: International, adult-use markets attract marijuana money
Wed 10:00am By Jenel Stelton-HoltmeierFrom Colombia to Italy, international cannabis firms are attracting investments from Canadian companies looking to further develop their international footprints.…Massachusetts regulators close medical marijuana dispensary for violations
Wed 8:00am By Omar SacirbeyA Massachusetts medical cannabis dispensary is closed until it corrects a dozen violations found by state regulators during surprise inspections Jan. 31 and Feb. 1. Mass Wellspring, in the town of Acton about 25 miles west of Boston, did not return calls from…Congressional hearing on marijuana banking boosts industry hopes for reform, but passage far from…
Wed 6:00am By Jeff SmithMajor issues facing the cannabis industry, such as limited access to banking services, have stalled in Congress without even getting a hearing, much less a floor vote.…MJBizDaily launches annual cannabis industry survey to collect key business data
Tue 6:15pm By Eli McVeyMarijuana Business Daily has launched its seventh annual survey of cannabis industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and…
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