Sessions’ move could slow cannabis investment money, but analysts doubt long-term impact

News that federal prosecutors have wider discretion to enforce federal drug law could put at least a temporary damper on investment money flowing into the U.S. cannabis sector, but analysts doubt the money will dry up. U.S. Attorney General Jeff Sessions’ decision last week to rescind Obama-era protections for the legal cannabis industry has created new […]

Sessions’ move could slow cannabis investment money, but analysts doubt long-term impact is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Indiana apologizes to 50 businesses cited for selling CBD

Indiana authorities are apologizing to about 50 businesses after regulators erroneously cited them for selling illegal CBD products. The letters had been sent despite assurances from state officials that the store owners wouldn’t be penalized until CBD’s legal status is settled. Indiana’s Alcohol and Tobacco Commission had sent the citation letters just before Christmas, WTHR-TV reported. […]

Indiana apologizes to 50 businesses cited for selling CBD is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


New Mexico hemp industry blocked again in court ruling

New Mexico’s hemp industry is on hold – again – after the state Supreme Court put the brakes on two bills setting up hemp production. The 3-2 decision doesn’t mean New Mexico’s hemp program is permanently blocked, according to the Santa Fe New Mexican. Instead, the justices ruled that two hemp bills vetoed last year […]

New Mexico hemp industry blocked again in court ruling is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Canadian hemp company inks California distribution deal

A Canadian hemp company clinched a California distribution deal that will see its CBD-infused foods and waters on shelves in 550 dispensaries. Phivida Holdings of Vancouver, British Columbia, said it struck the agreement Wednesday with Green Reef Distribution, a company in Santa Monica, California, that distributes cannabis products. The Green Reef deal gives Phivida its first […]

Canadian hemp company inks California distribution deal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Utah launches CBD probe, but some retailers unfazed

CBD confusion has spread to Utah, where state authorities have launched an investigation of the nascent cannabidiol industry even as business owners are risking expansion into the hot market. The confusion started in late December, when the Utah Division of Occupational and Professional Licensing seized about $400 worth of CBD products from an antiques store […]

Utah launches CBD probe, but some retailers unfazed is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Water access poses big risk for many hemp growers in 2018

Confusion at the federal level about water is causing a huge dilemma for hemp producers: Licensing deadlines are fast approaching in many states, but farmers don’t know if they’ll be able to irrigate their crops. That’s because the nation’s largest wholesale supplier of water – the U.S. Bureau of Reclamation – won’t allow its water […]

Water access poses big risk for many hemp growers in 2018 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


A look ahead: Challenges, opportunities for marijuana professionals in new year

The marijuana industry is strapping in for a roller-coaster 2018, when challenges and opportunities are unfolding faster than ever, and in more places than ever. Here’s a look at 11 challenges and opportunities that will demand the attention of marijuana entrepreneurs in 2018: 1. California It’s already the world’s largest marijuana market. But California’s conversion […]

A look ahead: Challenges, opportunities for marijuana professionals in new year is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Year in Review: Top 10 stories in the marijuana industry from 2017

It was a lung-busting 2017 for the North American cannabis industry, with marijuana executives stateside holding their collective breath wondering whether the new Trump administration would crack down on legal MJ businesses. Amid the uncertainty, Nevada’s new recreational marijuana industry opened in July with skyrocketing sales, while government officials and regulators in California and Canada […]

Year in Review: Top 10 stories in the marijuana industry from 2017 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Largest hemp farm in Maine getting even bigger

A Canadian company that specializes in indoor marijuana production is ramping up its move to grow hemp in the United States. Future Farm Technologies of Vancouver, British Columbia, is adding 100 acres to its Maine hemp farm, nearly doubling its acreage, according to a company news release. The deal includes an option for Future Farm […]

Largest hemp farm in Maine getting even bigger is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Snub by Washington state governor threatens hemp program

A budget proposal from Washington’s governor could spell doom for that state’s struggling hemp industry. State agriculture officials have stopped issuing hemp licenses, and they say they’ll end the hemp program without an infusion of cash to pay for oversight. The situation got more dire this week when a budget proposal from Gov. Jay Inslee did […]

Snub by Washington state governor threatens hemp program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs