Vermont legislature passes recreational cannabis bill; gov says he’ll give OK

Vermont’s legislature on Wednesday became the first in the United States to pass a bill legalizing recreational marijuana. The legislation, H.511, allows those 21 and older to possess up to an ounce of cannabis and to cultivate two plants. However, the measure passed by the majority Democratic legislature does not include provisions for business licenses and sales. […]

Vermont legislature passes recreational cannabis bill; gov says he’ll give OK is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Colorado marijuana edibles maker Wana Brands expands into Arizona

As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona. According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state. In the coming year, Wana Brands plans to sell products in Illinois, […]

Colorado marijuana edibles maker Wana Brands expands into Arizona is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Washington state cannabis oversupply spurs calls for change

(This is the second installment in a two-part series on challenges facing Washington state’s marijuana industry. Click here to read Part I.) Washington state’s cannabis supply continues to swell, flooding the market and causing both wholesale and retail prices to sink. After the October 2017 outdoor harvest – the state’s largest to date – Jim MacCrae, […]

Washington state cannabis oversupply spurs calls for change is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


US attorneys in two East Coast states differ on Sessions’ anti-marijuana stance

The top federal prosecutor in Massachusetts refuses to rule out a crackdown on legal marijuana businesses in the state after U.S. Attorney General Jeff Sessions rescinded the Cole Memo last week. According to The Boston Globe, the U.S. attorney for Massachusetts, Andrew E. Lelling, said he cannot “provide assurances that certain categories of participants in the state-level marijuana […]

US attorneys in two East Coast states differ on Sessions’ anti-marijuana stance is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Etain gets OK to produce expanded medical marijuana line in New York

New York medical marijuana company Etain is the first to receive state approval to expand its product line. Etain now can manufacture cannabis goods such as lozenges and flower ground for vaporizers, the New York Daily News reported, and the company hopes to have the new products available by March. Regulators recently OK’d expanding MMJ product […]

Etain gets OK to produce expanded medical marijuana line in New York is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Michigan agencies increase medical marijuana enforcement

Law-enforcement agencies across Michigan are using excess state revenue from medical marijuana patient and caregiver fees to boost enforcement efforts as the state prepares to license dispensaries and cannabis businesses in certain communities under a new regulatory system. Michigan’s 2008 medical marijuana law allows patients and caregivers to grow a limited amount of the plant. […]

Michigan agencies increase medical marijuana enforcement is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Oklahoma voters to consider medical marijuana in June

Oklahoma’s governor set a June 26 date for voters to weigh in on whether to approve medical marijuana for the state. The Hill reported that Gov. Mary Fallin said announced the date Thursday, just hours after Attorney General Jeff Sessions announced his decision to rescind an Obama-era policy that allowed MMJ to thrive in states nationwide. The […]

Oklahoma voters to consider medical marijuana in June is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Industry insiders, state officials in recreational cannabis markets vow to stay the course

Prominent figures from the nine recreational marijuana markets in the United States reacted defiantly to the announcement that Attorney General Jeff Sessions is throwing out Obama-era protections for the legalized cannabis industry. From Alaska to Maine, industry insiders in states with legal adult-use programs and politicians from both sides of the aisle spoke out against the action. But […]

Industry insiders, state officials in recreational cannabis markets vow to stay the course is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Maryland community bank accepting cannabis business accounts

A local bank in Maryland is helping medical marijuana businesses alleviate a major headache in the cannabis industry. According to the Washington Post, two marijuana dispensaries and two cultivators have opened accounts with Severn Savings Bank, an Annapolis community bank owned by publicly-traded Severn Bancorp. This is an operational boon for any cannabis business, given […]

Maryland community bank accepting cannabis business accounts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Delay in Washington state’s marijuana seed-to-sale system causes diversion concerns

Washington state marijuana businesses won’t have a government-run seed-to-sale tracking program for at least another month, causing industry insiders to worry that the prolonged delay could lead to diversion and other compliance issues.

The state’s Liquor and Cannabis Board was planning to implement Denver-based MJ Freeway’s Leaf Data Systems on Jan. 1 but instead has delayed the target rollout date to Feb. 1.

Delay in Washington state’s marijuana seed-to-sale system causes diversion concerns is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs