» L.A. crackdown: 105 unlicensed cannabis firms, 500-plus people targeted
07/09/18 22:24 from Marijuana Business Daily
Los Angeles prosecutors have filed misdemeanor charges against 515 people in a clampdown on 105 illegal marijuana businesses in the city – a move that could benefit legal MJ companies by helping to eliminate black-market rivals. Th...
» Nevada marijuana business faces flurry of financial fraud suits
07/09/18 20:56 from Marijuana Business Daily
CWNevada, one of Nevada’s largest cannabis companies, has been sued for alleged fraud, failure to repay millions of dollars to its lenders and misusing intellectual property. “While local and national media outlets report on the un...
» FL cannabis lobbyist turned political candidate sees second bank account shut
07/09/18 19:26 from Marijuana Business Daily
A second bank has terminated the campaign account of Nikki Fried, a pro-medical marijuana Democrat who is running to become Florida’s agriculture commissioner. Fried said the bank, BB&T of Winston-Salem, North Carolina, took th...
» Former North Dakota AG leads new group opposing legalized marijuana
07/09/18 17:50 from Marijuana Business Daily
As North Dakota voters look to decide whether to approve adult-use cannabis in the state’s November general election, opposition is mounting. Former North Dakota Attorney General Bob Wefald is reportedly leading a statewide campaig...
» US cannabis listings in Canada rise as investor interest spikes
07/09/18 17:45 from Marijuana Business Daily
A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United States, are being lured by Canada’s ca...
» MedMen inks CA$75M equity financing deal to expand US cannabis operations
07/09/18 17:05 from Marijuana Business Daily
Los Angeles-based MedMen Enterprises says it expects to raise up to 75 million Canadian dollars ($57 million) in a bought-deal equity financing plan, with the proceeds to be used to expand its U.S. retail footprint. Here’s a rundow...
» Week in Review: Long wait for Oregon rec cannabis permits, OK docs told no MMJ & New Jersey deluged by applicants
07/09/18 10:30 from Marijuana Business Daily
New recreational cannabis applicants in Oregon have to wait at least a year for a license, many Oklahoma doctors are told not to recommend medical marijuana, and New Jersey receives a flood of applications for MMJ licenses. Here’s a clos...
» California marijuana company Canndescent closes $13 million funding round
06/09/18 19:02 from Marijuana Business Daily
California marijuana cultivator Canndescent announced Thursday that it has closed a $13 million Series C Convertible funding round to help finance the company’s expansion into new state markets. The company also will use the money ...
» SEC sues cannabis investment fund, warns investors about MJ industry ‘scam artists’
06/09/18 18:00 from Marijuana Business Daily
The U.S. Securities and Exchange Commission charged a marijuana-focused investment fund with bilking investors out of more than $3 million and simultaneously warned the public about “scam artists” exploiting “hot” industries such as cann...
» Ontario signs up first cannabis accessories suppliers
06/09/18 15:52 from Marijuana Business Daily
The Ontario Cannabis Store (OSC) – the province’s government-operated wholesaler and online retailer – inked deals with 10 accessories suppliers to provide products to offer alongside recreational marijuana when sales b...
» Marijuana use continues to grow among baby boomers
06/09/18 14:04 from Marijuana News -- ScienceDaily
Marijuana use is becoming more prevalent among middle-aged and older adults, with 9 percent of adults aged 50-64 and nearly 3 percent of adults 65 and older reporting marijuana use in the past year, according to a new study.
» New Jersey flooded with applications for six medical marijuana licenses
06/09/18 13:00 from Marijuana Business Daily
New Jersey received 146 applications for six new medical marijuana licenses, an expansion that will double the number of MMJ businesses in a rapidly growing market. Applicants had to identify the region of the state where they would like...
» Judge: Oregon county’s lawsuit against state cannabis law should be dismissed
06/09/18 12:00 from Marijuana Business Daily
A federal lawsuit filed by a southern Oregon county with a large number of cannabis growers looks likely to fail after a magistrate judge recommended the case be tossed out. Josephine County’s lawsuit argues that the state’s ...
» Number of cannabis racketeering suits increases, posing financial threat to targeted firms
06/09/18 10:30 from Marijuana Business Daily
Federal civil racketeering lawsuits are proliferating against marijuana businesses, forcing companies to sometimes spend tens of thousands of dollars to cover legal costs. Experts are divided about the risk the lawsuits pose to the indus...
» Marlboro maker ‘evaluating opportunities’ in cannabis industry
05/09/18 22:35 from Marijuana Business Daily
Altria Group, one of the largest tobacco companies in North America, is assessing its market opportunities in the cannabis industry. The entry of Altria – owner of Marlboro maker Philip Morris USA and an investor in alcohol giant A...
» Mississippi group starts drive to get medical marijuana on 2020 ballot
05/09/18 21:43 from Marijuana Business Daily
A group in Mississippi, one of the country’s most conservative states, is aiming to put what looks to be a business-friendly medical marijuana initiative on the ballot in 2020. Medical Marijuana 2020 plans to start collecting signatures ...
» Nerve pain in the legs? Medical marijuana may alter brain connections, bring relief
05/09/18 20:19 from Marijuana News -- ScienceDaily
When medical marijuana is taken for chronic nerve pain, it may provide pain relief by reducing connections between the areas of the brain that process emotions and sensory signals, according to a new study.
» Cannabis firm Cronos inks $122 million deal to produce lab-grown cannabinoids
05/09/18 20:03 from Marijuana Business Daily
Canadian cannabis producer Cronos Group has tapped Boston-based Ginkgo Bioworks in a $122 million endeavor to biologically engineer a wide range of cannabinoids found in cannabis. Cannabis firm Cronos inks $122 million deal to produce la...
» Increased cortical activation in cannabis users' brains in resting state, research suggests
05/09/18 17:18 from Marijuana News -- ScienceDaily
Recent research shows that cannabis users experience increased cortical activation during the brain's resting state when compared with nonusers. The resulting 'noisy brain' might impair brain activity and disrupt cognitive processes, say...
» Oregon marijuana firm lands $12.5M from Canada’s Tidal Royalty to fund expansion
05/09/18 12:00 from Marijuana Business Daily
Oregon-based Diem Cannabis is poised to enter a new market after landing upwards of $12.5 million in financing from Toronto-based Tidal Royalty Corp. The capital will be used over the next three years to develop and operate a large-scale...