New Rhode Island Budget Raises MMJ Companies’ Annual Renewal Fees from $5k to $250k

Rhode Island medical cannabis retailers will likely see the cost of their annual renewal fees increase fifty-fold — from $5,000 to $250,000 — after lawmakers approved a new state budget, according to a Providence Journal report. Gov. Gina Raimondo, a Democrat, is expected to sign the budget this week. Last year, Gov. Raimondo called for major expansions […]

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MassRoots Pivots Business Model, Targets Dispensaries

MassRoots announced in a press release on Wednesday that they are releasing a new product, MassRoots for Business. The company expects that this pivot will create its primary source of income for the year. MassRoots’ previous income was primarily from direct-to-consumer ads, though the company has had trouble meeting revenue goals in the past and in […]

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Mass. Regulators to Vote On First Adult-Use Cannabis License

The Massachusetts Cannabis Control Commission is set to vote on the state’s first adult-use cannabis cultivation license on Thursday, reports the Boston Globe. Thursday’s hearing is for Sira Naturals’ cultivation facility in Milford. Sira Naturals already grows cannabis at that location for its three existing dispensaries, but this license would be its first recreational grow. […]

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Washington Updates Cannabis Packaging and Labeling Rules

Washington state is updating its cannabis packaging and labeling rules. The Washington State Liquor and Cannabis Board (WSLCB) used information derived from a workgroup of I-502 stakeholders, the Department of Health, and the Washington State Poison Control Center to take a “global” look at cannabis packaging and labeling. They also included consumer surveys in the […]

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Denver Police Target Cannabis Tour Buses

On Friday, Denver undercover police led a sting operation on the buses of two cannabis tourism companies, according to a Denverite report. Colorado Cannabis Tours and My 420 Tours both had buses raided. The police said they cited 31 people total during the sting. “We’re dealing with quite a shitstorm here.” — Cynthia Ord, marketing director for […]

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How to Survive in the Increasingly Competitive Cannabis Industry, According to Data

That the cannabis industry is growing by leaps and bounds is not new news. Over half the United States has legalized some form of medical marijuana, with nine states enjoying full adult-use legalization. All of Canada is set to enjoy recreational cannabis in a few short months. However, while it’s fun to read the reports […]

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Non-Cannabis Sourced CBD Cafe Opens in Portland, Oregon

A cafe serving drinks and chocolate infused with CBD not extracted from cannabis plants has opened in Portland, Oregon, according to local news outlet KATU. The cafe is owned and operated by Grön Chocolate, an existing licensed edibles manufacturer in Oregon. The cafe sources CBD from evergreen tree bark from southeast Asia — not from cannabis or […]

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Ohio MMJ Market Delayed, Sales Won’t Launch on Sept. 8

Cannabis patients in Ohio won’t have access to medicine by the September 8 deadline for launching the program due to delays in the licensing process for the state’s 25 growers, according to a Cincinnatti.com report. While licenses have been issued, cultivators can’t actually start growing until they have passed inspections with the Ohio Department of Commerce. […]

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MedMen to Buy Florida Cannabis Operator for $53M

California-based MedMen intends to buy a Florida medical cannabis operation from Treadwell Nursery in a deal worth $53 million, according to the Sun Sentinel. Treadwell, who operates in the cannabis space under the name “Remeny Wellness,” will be transferring its five-acre cultivation site in Eustis and the company’s right to operate up to 25 dispensary locations. MedMen […]

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Canopy Growth Acquires Lesotho MMJ Firm

Canadian medical cannabis firm Canopy Growth has acquired Kingdom of Lesotho-based Daddy Cann Lesotho PTY Ltd, trading as Highlands, which holds licenses to cultivate, manufacture, supply, hold, import, export, and transport cannabis and its resin in the African nation. The $29 million acquisition gives Canopy its first foothold in Africa. Canopy now has operations on […]

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MedMen Heads to Canadian Securities Exchange

MedMen, a U.S.-based medical cannabis company, is set to begin trading on the Canadian Securities Exchange today after acquiring Ladera Ventures Corp., an oil and gas shell company, the Financial Post reports. The company completed a $143 million raise before heading to the exchange and has an implied value of $2 billion, according to the […]

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Canopy Growth Reaches New York Stock Exchange

Canadian medical cannabis company Canopy Growth began trading on the New York Stock Exchange under the “CGC” symbol yesterday, but after opening as high as $32.00 in pre-market trading, shares dropped 6.66 percent to $28.20 by the market’s close. It’s the first cannabis company to list on the NYSE and Midas Letter notes that their […]

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7-Eleven Denies They Have Any Partnership with CBD Company

Convenience store chain 7-Eleven has rebuked the news that they will sell CBD products by the end of the year, calling Tuesday’s announcement false, Huffington Post reports. Denver, Colorado-based CBD company Phoenix Tears made the announcement in a press release earlier this week – and while it notes that the company’s agreement was made with […]

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Medical Cannabis Company with Colombian Operations Begins Trading on Canada’s TSX Venture Exchange

Canada-based medical cannabis company Khiron Life Sciences Corp begins trading on the TSX Venture Exchange today under the “KHRN” symbol. While the company is based in Canada, its core operations are in Colombia, where they were one of the first companies to receive a medical cannabis license in the Latin American nation. “We are pleased […]

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7-Eleven Stores to Carry CBD Products by Year’s End

Editor’s update: Since this news broke, 7-Eleven has denied having a partnership with CBD company Phoenix Tears and claims that the press release cited in the below article is false. 7-Eleven stores across the country will begin carrying CBD products by the end of 2018, CBD company Phoenix Tears announced today in a press release. […]

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Class Action Lawsuit Filed Against Xzibit-Owned Vape Cartridge Company in California

A class action lawsuit against vape cartridge manufacturer Brass Knuckles has been filed in California which alleges breach of warranty, false advertising, unfair competition, misbranding, and adulteration of the THC concentrate pens, according to the Cannabis Law Report. The lawsuit also names SC Laboratories Inc. and company owner Alvin Nathaniel Jones, better known as Xzibit, […]

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Aurora Cannabis Invests $1M in Canadian Drug Delivery Company

Canadian cannabis producer Aurora Cannabis has invested $1 million in CCT Pharmaceutical Holdings, Inc, the developers of an oral dose-specific dissolving thin film wafer drug delivery technology. The investment, with a 5 percent convertible debenture, gives Aurora a 9.14 percent interest in CTT and the agreement includes issuance of warrants enabling Aurora to increase that […]

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Kaua’i, Hawaii Gets First MMJ Dispensary; Brings Statewide Total to Six

Kaua’i, Hawaii has its first medical cannabis dispensary now that Green Aloha, which does business under the name Have a Heart, has passed the final state Department of Health inspections. It’s the sixth dispensary to open in Hawaii and the second for Aloha Green, which also operates a dispensary in Honolulu. “Having a medical cannabis […]

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Creating Pro-Forma Financial Statements for Your Cannabis Business

Part of being an entrepreneur is having to wear many hats. As a business owner, you’re also the head of HR, chief marketing officer, and – for better or worse – the head accountant. Many business owners find accounting and preparing financial statements one of the most difficult and confusing parts of running a company. And, […]

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California Bureau of Cannabis Control Proposes Extension of Emergency Cannabis Regulations

The California Bureau of Cannabis Control has proposed the state readopt and extend the current, emergency cannabis industry regulations. Previous regulations called for the merging of the medical cannabis industry (MCRSA) and adult-use industry (AUMA) into what’s now known as MAUCRSA, governed by the Bureau of Cannabis Control. As part of the current regulations, applicants have […]

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Cannabis Market Research Firm BDS Analytics Raises $3.5M

Cannabis market research firm BDS Analytics has raised $3.5 million in Series B funding led by CanopyVentures and Altitude Investment Management. Roy Bingham, BDS Analytics founder and CEO, said the funding put the company in “a very strong position to execute the national expansion” of their GreenEdge software. GreenEdge, a sales tracking software, allows BDS […]

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Canopy Rivers Offering $1M Seed Capital to June ‘Pitch Day’ Winners

Canopy Rivers is hosting a “pitch day” for Canadian cannabis entrepreneurs ahead of federal legalization as part of the “Micro Cannabis, Macro Impact” program that will see the company provide $1 million in seed capital to burgeoning canna-businesses. Prospective companies should intend to or should be in the process of applying for a Health Canada […]

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Canada’s Maricann to Acquire Malta’s Medican Holdings in Stock and Cash Deal

Maricann Group Inc. has agreed to acquire Medican Holdings Ltd, whose subsidiary Medican Research Group is one of six companies that has received a medical cannabis license in the Republic of Malta. The cash-and-stock deal is worth $10.1 million, comprised of $7.6 million in common shares at no less than $2.35, and $2.5 million in […]

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Canada’s Canopy Growth Applies for NYSE Listing

Canopy Growth Corp. – Canada’s largest cannabis company – has applied to list on the New York Stock Exchange, Bloomberg News reports. If approved, it would become the first cannabis producer to trade on the exchange. CEO Bruce Linton said he planned to list on the Nasdaq earlier this year but that he pulled back […]

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