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    Philippines: Deputy Minority Leader Says, “If other countries wish to destroy themselves by enabling medical marijuana, then let them create their own problems. We Filipinos certainly do not want to degenerate into a nation of zombies,”

    Rep. Lito Atienza of Buhay said the Philippine Medical Association had rejected the House Bill (HB) 6517 outright, declaring marijuana “contrary to the policy of the State to safeguard the well-being of its citizenry”.


    Canadian MJ firms that do business in U.S. could lose TSX stock listing

    The parent company of Canada’s largest stock exchange said that marijuana companies that do business in the U.S. cannabis market could possibly be delisted.

    The TMX Group, parent of the Toronto Stock Exchange and the TSX Venture Exchange, issued a notice to listed companies that provided clarity regarding the application of its rules for companies in the marijuana sector.

    It noted that marijuana remains illegal under federal law in the United States, and that cannabis companies doing business there could have their TSE and Venture listings reviewed.

    “There may be issuers on our market that are not in compliance with

    Canadian MJ firms that do business in U.S. could lose TSX stock listing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


    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


    First business approved to grow medical marijuana in Pennsylvania

    Pennsylvania has given its first green light to a medical marijuana company to start growing cannabis under the state’s new MJ program

    The Morning Call newspaper reported the state health department approved Cresco Yeltrah – based in Jefferson County in western Pennsylvania – as fully operational, making it the first of 12 cultivation/processing licensees to win approval.

    The company plans to grow more than 30 strains of flower as well as produce cannabis oil, transdermal patches and capsules, with the goal of having its products ready for sale in February.

    The remaining 11 licensees should

    First business approved to grow medical marijuana in Pennsylvania is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


    South Carolina hemp interest booms after slow start

    After a slow start getting applications for its first modern hemp crop, South Carolina saw a crush of last-minute applicants.

    More than 120 farmers in South Carolina have signed up for just 20 licenses to grow hemp next year, The State newspaper reported.

    The intense demand came as a surprise after a slow start to applications, followed by a week-long deadline extension because of Hurricane Irma.

    State agriculture officials say the licenses will be issued to growers who

    South Carolina hemp interest booms after slow start is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


    Researchers urge BC to stick with ‘proven’ marijuana dispensaries

    Let the private sector play a role in selling marijuana in British Columbia.

    That’s the advice of two researchers at a leading Canadian university. They are cautioning politicians in B.C. against upending the province’s longstanding dispensary system, saying there are aspects of the existing storefront model that the government could adapt to its legal framework for both medical and recreational marijuana.

    Associate professor Zach Walsh and Ph.D candidate Rielle Capler of the University of British Columbia say store-front dispensaries – though illegal in Canada – provide a “proven, valuable” service.

    They added that customers prefer the independent storefront model

    Researchers urge BC to stick with ‘proven’ marijuana dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs