MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger

By Omar Sacirbey

Turmoil and uncertainty are swirling around MassRoots, the once high-flying canna-centric social media and tech company, after the company’s board reportedly fired founder and CEO Isaac Dietrich.

The news already has triggered fallout for MassRoots: The Denver company’s planned $12 million acquisition of tech company CannaRegs has been scrapped.

“With the tumultuous nature of what’s going on over there, we can’t stay in this agreement,” said Amanda Ostrowitz, CEO of CannaRegs, a website dedicated to helping marijuana companies stay on top of ever-changing industry regulations. “I’m a business owner and I have to

MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Marijuana companies capitalize on banks, factories and properties with past historical interest

By Omar Sacirbey

Marijuana companies are finding a new way to generate buzz beyond traditional advertising and marketing: They are snapping up properties that are historic buildings or were previously owned by an iconic brand such as chocolate maker Hershey.

Faced with major restrictions on their ability to advertise and market their goods and services, the purchases allow MJ companies to drum up free publicity and consumer interest by pointing to a property’s former occupants – be it a winemaker or a bank.

These businesses are borrowing a page from mainstream companies ranging from Starbucks

Marijuana companies capitalize on banks, factories and properties with past historical interest is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Judge’s ruling muddles Maryland’s medical cannabis program

A Baltimore judge has rejected arguments to dismiss a lawsuit alleging that Maryland’s medical marijuana commission broke program rules when it awarded cultivation business licenses earlier this year.

The ruling means the case must go to trial, yet another twist in the saga that is Maryland’s medical cannabis program.

According to The Baltimore Sun, the trial court could rule the licenses were awarded improperly and order the Maryland Medical Cannabis Commission to “remedy the situation.”

The lawsuit was brought by Maryland Cultivation and Processing and GTI Maryland, whose applications scored

Judge’s ruling muddles Maryland’s medical cannabis program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Michigan offers to educate potential medical cannabis business owners

Michigan’s top licensing agency has scheduled five meetings next month to designed for entrepreneurs who are interested in breaking into the state’s medical marijuana industry.

The Michigan Department of Licensing and Regulatory Affairs is offering sessions where attendees can learn how to apply for an MMJ business license and see how the state’s seed-to-sale tracking system works, according to the Detroit Free Press.

Regulators will make applications available Dec. 15 for five categories of licenses – growing, processing, testing, transporting and retailing — while the Michigan Medical Marijuana Licensing Board is expected to begin awarding licenses early next

Michigan offers to educate potential medical cannabis business owners is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Massachusetts MMJ dispensary launches billboard campaign

In what is perhaps a Massachusetts marijuana milestone, a medical cannabis dispensary unveiled a billboard advertising drive in Boston and other cities on Monday.

New England Treatment Access (NETA), which operates two dispensaries, bought space on four billboards for the campaign, The Boston Globe reported.

Two of the billboards are in and just outside Boston – close to NETA’s dispensary on the city’s border with the well-to-do town of Brookline – and a pair are on the Massachusetts Turnpike about 20 miles from the company’s location in Northampton.

Using black and white letters on a bright green background, the

Massachusetts MMJ dispensary launches billboard campaign is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


New York medical cannabis sales are up but remain slow

New York’s five medical marijuana businesses generated only $16.6 million in gross sales between April 2016 and August 2017, but sales and patient numbers are improving.

From April 2016 through March 2017, the companies generated sales of $8.4 million – about $700,000 per month – according to analyses by the USA Today Network.

Sales improved dramatically in the next five months – April-August 2017 – hitting $8.2 million in sales, or about $1.64 million per month, according to the report. But that still means each MMJ company brought in only $328,000 per month.

The authors of the

New York medical cannabis sales are up but remain slow is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


New York medical cannabis sales are up but remain slow

New York’s five medical marijuana businesses generated only $16.6 million in gross sales between April 2016 and August 2017, but sales and patient numbers are improving.

From April 2016 through March 2017, the companies generated sales of $8.4 million – about $700,000 per month – according to analyses by the USA Today Network.

Sales improved dramatically in the next five months – April-August 2017 – hitting $8.2 million in sales, or about $1.64 million per month, according to the report. But that still means each MMJ company brought in only $328,000 per month.

The authors of the

New York medical cannabis sales are up but remain slow is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Pennsylvania medical cannabis grower drops suit but not the battle

A medical marijuana company that failed to win a Pennsylvania cultivation license has dropped a lawsuit against the state’s health department demanding the agency revoke a license awarded to another grower.

Scranton-based BrightStar Biomedics charged in a lawsuit filed last month that Pennsylvania Medical Solutions didn’t disclose on its application that it was under criminal investigation, the Philadelphia Inquirer reported.

BrightStar officials didn’t say why they dropped the lawsuit. But a spokesman said the company intends to find out through a state appeals process why Pennsylvania Medical won a license over Brightstar, according to

Pennsylvania medical cannabis grower drops suit but not the battle is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


San Diego finalizes marijuana grow and manufacturing rules

San Diego has decided to allow indoor cultivation and manufacturing, making the city among the first in California to establish regulations for the entire marijuana supply chain.

According to the San Diego Union-Tribune, new rules passed by the City Council include two key changes:

  • Marijuana production businesses must have “odor-absorbing ventilation and exhaust systems.”
  • Testing labs are now permitted in the city.

Council members approved the supply chain with the belief it “will eliminate the need to truck marijuana in from elsewhere and prevent a local ‘black market’ of unregulated cultivators and manufacturers that would

San Diego finalizes marijuana grow and manufacturing rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs