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MA picks Franwell’s Metrc for cannabis seed-to-sale traceability system

Massachusetts marijuana regulators have selected Florida-based Franwell’s Metrc program to serve as the state’s seed-to-sale traceability system. According to The Boston Globe, the Massachusetts Cannabis Control Commission budgeted about $750,000 for the system, which is intended to help states prevent diversion of cannabis to the black market. Here’s what you need to know: Using Metrc’s system adds […]

MA picks Franwell’s Metrc for cannabis seed-to-sale traceability system is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Canopy enlists first major bank to lead CA$175M marijuana equity financing

Canopy Growth became the first marijuana company in Canada to enlist a major Canadian bank to lead an equity-based funding, signaling a greater willingness by big financial institutions to provide financing to the nation’s cannabis businesses. Bank of Montreal subsidiary, BMO Capital Markets, and GMP Capital Inc. are co-leading the stock-purchase deal that will allow Canopy […]

Canopy enlists first major bank to lead CA$175M marijuana equity financing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


New York is considering recreational cannabis legalization

New York’s governor is urging state lawmakers to provide funding to establish a commission that would study the feasibility of legalizing adult-use marijuana in the state. The study would explore recreational legalization’s health effects, economic impact, criminal justice impact and how recreational legalization by some of New York’s neighbors would affect the state, according to Buffalo […]

New York is considering recreational cannabis legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Canadian marijuana companies opening wallets to tap California market

A handful of Canadian marijuana companies are already knee-deep in California, deploying millions of dollars in cultivation facilities, retail outlets and branded products to establish a footprint in the world’s largest marijuana market. Executives at the companies – whose shares trade on the Canadian Securities Exchange (CSE) – said they hope to capitalize on: Access to […]

Canadian marijuana companies opening wallets to tap California market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Canadian-listed marijuana company buys Florida MMJ license holder for $48M

A New York-based marijuana investment company used cash and its Canadian-listed shares to fund a $48 million acquisition of a licensed medical marijuana business in Florida. iAnthus Capital Holdings, an investor in U.S. marijuana businesses, bought Florida’s GrowHealthy Holdings for $30.5 million in stock and $17.5 million in cash. GrowHealthy and its affiliate, McCrory’s Sunny Hill […]

Canadian-listed marijuana company buys Florida MMJ license holder for $48M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Nevada closes in on permanent cannabis rules, but growers unhappy

After a contentious public comment session, Nevada’s marijuana regulators voted to make permanent most of the temporary rules that allowed the state to get an early start on its recreational cannabis industry. The updated rules were approved unanimously by the Nevada Tax Commission on Tuesday but still must be approved by the Legislative Commission before the […]

Nevada closes in on permanent cannabis rules, but growers unhappy is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Crowdfunding effort nets CA$6.2M for Canadian hemp, marijuana maker

A new crowdfunding method aimed at smaller investors helped a Canadian cannabis company raise 6.2 million Canadian dollars ($4.1 million). True Leaf Medicine, a company in Vernon, British Columbia, that makes hemp-derived treatments for animals and marijuana products for humans, launched its so-called Regulation A+ stock offering last November. The company plans to use the money […]

Crowdfunding effort nets CA$6.2M for Canadian hemp, marijuana maker is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Maine delays cannabis social clubs until 2023

In another delay for Maine’s recreational marijuana industry, a legalization panel has voted to delay marijuana social clubs until 2023. The Marijuana Legalization Implementation Committee voted 5-1 to stall social club licensing, the Portland Press Herald reported. Committee members said they want to wait so Maine can learn from other states looking to implement cannabis […]

Maine delays cannabis social clubs until 2023 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Illinois adds intractable pain as a medical marijuana condition

A Illinois judge has ruled that the state must add intractable pain to the list of medical marijuana qualifying conditions, a move that could greatly expand sales at the program’s 53 dispensaries. The state health department initially rejected intractable pain as a condition, but Cook County Judge Raymond Mitchell ordered the department to include it, the […]

Illinois adds intractable pain as a medical marijuana condition is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs