First Louisiana medical marijuana pharmacy targets September opening

The first medical cannabis sale in Louisiana could take place by the end of summer. That’s the proposed timeline for the opening of an MMJ pharmacy in the southern state, slightly two years after Gov. John Bel Edwards signed into law a new but very restrictive medical cannabis program. The pharmacy, Rx Greenhouse, obtained preliminary […]

First Louisiana medical marijuana pharmacy targets September opening is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


California initiates enforcement against approximately 500 unlicensed marijuana businesses

Less than two months after California’s legal cannabis industry launched on New Year’s Day, state officials are starting to target hundreds of marijuana companies that are operating illegally without a license. The state’s Bureau of Cannabis Control has sent out about 500 cease-and-desist letters to companies that are doing business but haven’t begun the application […]

California initiates enforcement against approximately 500 unlicensed marijuana businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


New lawsuit filed over Ohio cannabis cultivation licenses

Six companies that lost out in November when Ohio awarded 24 medical marijuana cultivation permits have filed suit against the state’s Department of Commerce over what they allege was a “flawed scoring process.” According to The (Cleveland) Plain Dealer, the six plaintiff companies are asking a judge to prevent the state from granting 12 large-scale […]

New lawsuit filed over Ohio cannabis cultivation licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Candy & cannabis: Hershey’s renews trademark legal disputes for marijuana businesses

Cannabis businesses, beware: The Hershey Co. is on the warpath. Perhaps the most famous confectionery peddler in the world has a well-documented history of actively protecting its trademarks, and the marijuana industry is no exception. Although Hershey’s has been relatively quiet in the marijuana sector since it sued two cannabis businesses in 2014, the company seemingly ramped […]

Candy & cannabis: Hershey’s renews trademark legal disputes for marijuana businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Ohio may award extra medical marijuana cultivation license

The Ohio Department of Commerce is weighing the addition of a 25th medical marijuana cultivation business permit to the 24 it’s already handed out. According to WOSU Public Media, the department admitted in a letter to state Auditor Dave Yost that errors in the MMJ grow application scoring system led to the exclusion of one […]

Ohio may award extra medical marijuana cultivation license is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Michigan unveils symbol that state’s medical cannabis products must carry

Michigan has released an official symbol to label medical marijuana products that are sold in the state and is detailing required label information for such goods. The symbol is an upside-down green triangle with an image of a green marijuana leaf in the middle. The words “CONTAINS THC” sit atop the symbol. Michigan’s Department of […]

Michigan unveils symbol that state’s medical cannabis products must carry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Detroit to challenge voter-approved medical marijuana laws in court

Detroit officials said they plan on filing a formal legal challenge to a pair of medical marijuana laws that were approved by city voters last year. The laws, if implemented, could greatly expand the city’s MMJ industry footprint. According to the Detroit Free Press, the anticipated lawsuit from the city comes after two separate legal […]

Detroit to challenge voter-approved medical marijuana laws in court is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


L.A. police: Hundreds of illegal marijuana dispensaries still operational

Los Angeles has issued licenses to nearly 100 marijuana retailers, but police estimate there are at least double that number operating illegally in the city and undercutting cannabis businesses that are playing by the rules. Police have shut down eight illegal marijuana shops since Jan. 1, a pace that is unlikely to intensify as the […]

L.A. police: Hundreds of illegal marijuana dispensaries still operational is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


US senator ending fight over Sessions Memo, marijuana policy

Colorado’s junior senator, Republican Cory Gardner, blinked first in a standoff with U.S. Attorney General Jeff Sessions. According to the Denver Post, Gardner said he will stop blocking judicial appointees from the Department of Justice in retaliation for Sessions’ revocation last month of several nonbinding cannabis-related policy memos. After the Sessions Memo roiled the MJ […]

US senator ending fight over Sessions Memo, marijuana policy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


A $1 billion cannabis company? Recent deals shed light on marijuana valuations

Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion? Captor Capital certainly thinks so. In January, the firm announced it entered into a nonbinding letter of intent to purchase 3% of the California-based cannabis management and investment firm MedMen Enterprises for $30 million. The numbers indicate a […]

A $1 billion cannabis company? Recent deals shed light on marijuana valuations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs