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Global cannabis industry raises whopping $2.7 billion in 2017

Medical marijuana companies around the world have raised $2.7 billion so far this year to capitalize on explosive growth in the industry, an almost 300% increase from the same time last year. More than half that total, $1.6 billion, was raised in Canada via 189 transactions, the Financial Post reported. The data was compiled by […]

Global cannabis industry raises whopping $2.7 billion in 2017 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Jersey (UK) Politician Suggests That Best Way To Manage Cannabis Issue Is For Government To Manage Grows

In an open letter, Deputy Montfort Tadier has asked Health Minister Andrew Green to consider licensing Island growers to produce medicinal cannabis. His comments come after Senator Green told the States Assembly this week that finding appropriate suppliers that are prepared to deliver cannabis-based medicine products to Jersey has been ‘more difficult than originally envisaged’.


Ohio medical marijuana license applicant sues state over ‘racial quota’

A multistate medical marijuana company that lost out in the race for one of a dozen large-scale MMJ cultivation licenses in Ohio is suing the state over what it claims is an unfair “racial quota.” According to The Plain Dealer, PharmaCann Ohio is asking a state court to order that the 12 available large cultivation […]

Ohio medical marijuana license applicant sues state over ‘racial quota’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


MassRoots board resigns; Dietrich reinstated as CEO

In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them. “I am back at MassRoots,” an elated Dietrich told Marijuana Business Daily on Wednesday afternoon. Dietrich had previously threatened […]

MassRoots board resigns; Dietrich reinstated as CEO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


World Health Organization gives CBD initial boost, plans to look at cannabis overall

Cannabis got a big boost from international health authorities Wednesday when the UN’s World Health Organization said that CBD should not be scheduled as a controlled substance, an initial finding that comes about a month after the agency reviewed cannabidiol therapies. The WHO also said that it wants to take a closer look at cannabis […]

World Health Organization gives CBD initial boost, plans to look at cannabis overall is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


San Diego DA, marijuana businessman agree to settlement in criminal case

James Slatic and his San Diego cannabis distribution company have apparently come out on top in a nearly two-year fight with the district attorney’s office. The DA has agreed in a settlement to return nearly $300,000 to Slatic that was seized in January 2016 when law enforcement agents raided Med-West Distribution, Slatic’s San Diego cannabis company, the […]

San Diego DA, marijuana businessman agree to settlement in criminal case is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Aphria inks deal to secure CA$100 million for M&As, expansion

One of Canada’s largest medical marijuana producers announced a stock-purchase deal to raise 100 million Canadian dollars ($77.7 million) in capital, which it intends to apply to the construction of new production facilities globally and in Canada. Leamington, Ontario-based Aphria also said in a news release it has given the underwriters involved in the transaction the […]

Aphria inks deal to secure CA$100 million for M&As, expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs