AG Sessions rescinds Cole Memo, roiling marijuana industry

Attorney General Jeff Sessions has rescinded an Obama-era policy that paved the way for legalized marijuana to flourish in states across the country, creating new confusion about enforcement and use only three days after California’s new legalization law went into effect. Marijuana Business Daily is continually updating this breaking story and its impact on the cannabis industry. […]

AG Sessions rescinds Cole Memo, roiling marijuana industry is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Court ruling puts black farmer closer to Florida medical cannabis license

A Florida judge has issued an injunction blocking the state’s health department from awarding a medical marijuana cultivation license that had been earmarked for members of a black farmers association. Circuit Judge Charles Dodson’s injunction essentially agrees with a lawsuit filed last September, the Panama City News Herald reported. The state’s attorney in the case […]

Court ruling puts black farmer closer to Florida medical cannabis license is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Cannabis software company raises $3.2 million

A Florida-based company whose software helps marijuana retailers implement customer relationship and loyalty strategies has raised $3.2 million. Boca Raton-based Springbig has now raised a total of $6.3 million, according to a company news release. The company’s latest funding round was led by Green Acre Capital and Halley Venture Partners, according to Springbig, and members […]

Cannabis software company raises $3.2 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Alaska shuts down marijuana edibles maker for multiple violations

In an unprecedented move, Alaska’s marijuana control agency is revoking the license of a marijuana edibles manufacturer that was accused of selling moldy products. The state’s Alcohol and Marijuana Control Office board voted unanimously to revoke the license of Fairbanks-based Frozen Budz and to fine the company $500,000, the Juneau Empire reported. Erika McConnell, director of […]

Alaska shuts down marijuana edibles maker for multiple violations is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Denver marijuana tech firm Baker raises $8 million

Baker, a marketing automation software company serving marijuana dispensaries, has secured $8 million in Series A funding, bringing its total capital raises to $11.75 million. Denver-based Baker will use the money to fuel growth in California and Washington state, according to a company news release. The company – which some dub the Salesforce of cannabis – […]

Denver marijuana tech firm Baker raises $8 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Massachusetts advances recreational cannabis diversity plan

Massachusetts regulators have approved a draft proposal that would give priority review in the recreational marijuana licensing process to business applicants from economically disadvantaged communities. The state’s Cannabis Control Commission will vote next week to finalize those and a slew of other regulations the group has been working on in recent weeks. Adult-use license applicants […]

Massachusetts advances recreational cannabis diversity plan is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Marijuana entrepreneurs already lining up for New Jersey’s looming recreational market

New Jersey can’t even begin the recreational cannabis legalization process until mid-January, but marijuana entrepreneurs across the country are descending on the Garden State in hopes of getting a first-mover’s advantage in what could become one of the most buoyant markets on the East Coast. Indeed, many marijuana businesses already have a presence in New Jersey, […]

Marijuana entrepreneurs already lining up for New Jersey’s looming recreational market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


San Francisco cannabis report: Consumption to spike, prices to plummet

The amount of legal marijuana consumed in San Francisco could triple – to 30 million grams per year – after California’s recreational market launches in January, but cannabis prices will fall “dramatically,” according to a new report. A draft tax report compiled by the City Controller’s office showed that once recreational sales begin, total regulated […]

San Francisco cannabis report: Consumption to spike, prices to plummet is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Marijuana consultant fights disqualification in Ohio because of felony conviction

Some Ohio lawmakers and one of the state’s medical cannabis companies are seeking a review of how MMJ cultivation business license applications were scored after it was revealed a judge had a felony drug conviction. Trevor Bozeman – who works as a lab manager and researcher at Canuvo, a vertically integrated dispensary in Biddeford, Maine – won […]

Marijuana consultant fights disqualification in Ohio because of felony conviction is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Neo-Nazi charges spur Oregon marijuana lab executive’s exit

The founder and executive director of a state-licensed cannabis testing lab in Eugene, Oregon, is stepping down amid allegations she is a neo-Nazi supporter. Bethany Sherman also plans to sell the OG Analytical testing lab she founded in 2013, according to The Oregonian. Her actions follow allegations by a local Antifa group that she and Matthew L. […]

Neo-Nazi charges spur Oregon marijuana lab executive’s exit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs