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MassRoots sues former CEO, alleges theft of over $250K, drug use and other ‘serious misconduct’

Mon, 20 Nov 2017 20:17:16 +0000
Source: Marijuana Business Daily

Barely a month after being ousted as head of the cannabis social network he launched in 2013, MassRoots founder Isaac Dietrich is now being sued by his former company, which alleges he stole more than $250,000 from the business. In a civil suit, filed Nov. 14 in Denver District Court, the financially strapped Denver company also […]

MassRoots sues former CEO, alleges theft of over $250K, drug use and other ‘serious misconduct’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Malta seeks to expand medical marijuana program

Mon, 20 Nov 2017 18:54:36 +0000
Source: Marijuana Business Daily

Malta’s government has proposed allowing all doctors in the country to prescribe medical marijuana. The government published draft legislation Monday that would loosen an existing regulation with so many restrictions that not a single Maltese has been treated legally with marijuana or a cannabis-based product. The new law would allow any general practitioner to prescribe […]

Malta seeks to expand medical marijuana program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Aurora launching hostile takeover for rival CanniMed

Mon, 20 Nov 2017 18:23:34 +0000
Source: Marijuana Business Daily

Aurora Cannabis said Monday it is proceeding with a hostile takeover attempt for CanniMed Therapeutics this week after the rival medical marijuana producer rebuffed its initial friendly bid for 544 million Canadian dollars ($425 million) in stock. The hostile bid represents a new development in Canada’s emerging marijuana industry ahead of next year’s planned legalization […]

Aurora launching hostile takeover for rival CanniMed is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis online platform raises $10 million

Mon, 20 Nov 2017 16:19:25 +0000
Source: Marijuana Business Daily

LeafLink, an online inventory and ordering platform for marijuana businesses, has raised $10 million in Series A funding. The round was led by Nosara Capital, a London-based venture capital firm, according to a LeafLink news release. Nosara was joined by previous LeafLink investors from both inside and outside the cannabis space, such as Lerer Hippeau Ventures, […]

Cannabis online platform raises $10 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart: MJBizCon produces some eye-popping numbers

Mon, 20 Nov 2017 11:30:21 +0000
Source: Marijuana Business Daily

MJBizCon has quickly become a heavyweight in the event space, ranking as the fastest-growing trade show in the country and attracting more attendees than many mainstream industry gatherings. This year’s conference – the sixth edition – attracted more than 18,000 cannabis professionals to the Las Vegas Convention Center, a record for the event and the […]

Chart: MJBizCon produces some eye-popping numbers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Multistate marijuana testing firm expanding into Oregon

Fri, 17 Nov 2017 23:00:16 +0000
Source: Marijuana Business Daily

Steep Hill, one of the largest U.S. cannabis testing labs, is expanding into Oregon – a move that will give the company a presence in eight states. The California-based company has licensed its brand and testing technology to a local Oregon partner, Dr. Carl Balog, an anesthesiologist who already owns a medical toxicology lab, according […]

Multistate marijuana testing firm expanding into Oregon is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Aurora to raise additional CA$100M for domestic, global growth

Fri, 17 Nov 2017 22:36:25 +0000
Source: Marijuana Business Daily

Aurora Cannabis has arranged a private placement of its securities to raise another 100 million Canadian dollars ($80 million), giving the Alberta producer a cash cushion totaling more than CA$340 million. The deal comes just two days after Aurora offered to acquire rival producer CanniMed Therapeutics for CA$544 million ($425 million) in stock. It’s unclear […]

Aurora to raise additional CA$100M for domestic, global growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Oregon cannabis firm is shuttered for interstate transport

Fri, 17 Nov 2017 21:51:22 +0000
Source: Marijuana Business Daily

Oregon’s cannabis regulator has suspended the license of an extraction company after its owner was caught with a van full of marijuana products in Nebraska. The Oregon Liquor Control Commission worked in conjunction with law enforcement to investigate and shutter Portland-based Rich Extracts for transporting cannabis across state lines. The Oregonian reported the commission revoked […]

Oregon cannabis firm is shuttered for interstate transport is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Kentucky task force will study medical marijuana legalization

Fri, 17 Nov 2017 13:00:43 +0000
Source: Marijuana Business Daily

Kentucky activists – including at least two elected officials – are part of a task force charged with studying  legalization of medical marijuana. The group – formed and led by Secretary of State Alison Lundergan Grimes – will be empowered to propose the implementation and regulation of medical cannabis, according to TV station WSAZ. Here’s what […]

Kentucky task force will study medical marijuana legalization is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: CA marijuana rules, Maryland’s MMJ launch & Sessions + cannabis

Fri, 17 Nov 2017 12:00:47 +0000
Source: Marijuana Business Daily

By John Schroyer, Bart Schaneman and Kristen Nichols California reveals the licensing rules for its marijuana industry, Maryland’s medical cannabis appears ready to launch, and U.S. Attorney General Jeff Sessions indicates the DOJ has no plans to suppress the marijuana industry. Here’s a closer look at some notable developments in the marijuana industry over the past […]

Week in Review: CA marijuana rules, Maryland’s MMJ launch & Sessions + cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs