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DEA still hasn’t granted new permits to grow marijuana for research

Tue, 25 Jul 2017 12:00:11 +0000
Source: Marijuana Business Daily

Almost a year after the Drug Enforcement Administration pledged to grant more licenses to grow marijuana for research purposes, the agency has yet to authorize any such applications.

The DEA has received at least 25 applications for those interested in growing cannabis for medical research, but none of those have been approved or rejected, leading some to question whether last year’s promise was a red herring, according to STAT News.

“What has progressed with the DEA over the past year? Nothing,” said Rachel Gillette, a Colorado marijuana attorney. “I would be surprised if we had

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DEA still hasn’t granted new permits to grow marijuana for research is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The future of cannabis is organic and ethical: Q&A with Dr. Bronner’s CEO David Bronner

Tue, 25 Jul 2017 10:30:57 +0000
Source: Marijuana Business Daily

By Bart Schaneman

Dr. Bronner’s has become a leading natural products company in the United States over the past three decades and a pioneering force in the hemp consumer goods space.

In 2000, Dr. Bronner’s started using hemp seed oil in its body care products, ranking as one of the first companies to do so.

Several years later, the company certified its soaps, lotions, balms and other personal care products under the USDA National Organic Program.

The moves landed the company in legal fights with the U.S. Drug Enforcement Administration and the USDA – battles Dr. Bronner’s ultimately

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The future of cannabis is organic and ethical: Q&A with Dr. Bronner’s CEO David Bronner is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Cannabis delivery services in demand in Nevada after rec rollout

Mon, 24 Jul 2017 22:34:12 +0000
Source: Marijuana Business Daily

Marijuana delivery services are in strong demand since Nevada’s recreational cannabis sales began on July 1, with industry officials predicting even greater use thanks to the strength of the new adult-use market.

Armen Yemenidjian, owner of Essence dispensary in Las Vegas, told the Las Vegas Sun delivery orders have surged since adult-use marijuana became legal.

The majority of Yemenidjian’s deliveries are still to medical marijuana patients who would rather not travel to his store. But he’s anticipating more than doubling the amount of deliveries he’s making now by the end of the summer, according to the

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Cannabis delivery services in demand in Nevada after rec rollout is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Alaska marijuana board proposes ban on certain rent deals

Mon, 24 Jul 2017 19:12:02 +0000
Source: Marijuana Business Daily

Alaska marijuana regulators have proposed barring marijuana businesses from giving landlords a cut of their sales revenue in lieu of rent, overriding objections from MJ industry officials.

In a 3-2 vote last week, the Alaska Marijuana Control Office (AMCO) cited concerns that the practice would give non-marijuana business license holders – the landlords – the power to “exert influence” over MJ firms, the Alaska Journal of Commerce reported.

The proposal now goes out for a 30-day public comment period. The board will resume debate on the issue at its Sept. 14-15 meeting.

Cannabis industry representatives argued the proposed rule

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Alaska marijuana board proposes ban on certain rent deals is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian cannabis businesses join forces to craft marketing rules

Mon, 24 Jul 2017 12:00:51 +0000
Source: Marijuana Business Daily

Sixteen Canadian marijuana businesses are banding together and have secured the help of the country’s advertising board to develop rules for how cannabis can be branded and promoted before adult-use sales begin next year.

The Financial Post reported that the licensed businesses have enlisted the help of Advertising Standards Canada to draft the guidelines as part of efforts to lobby the government. The industry is pushing for the right to brand and promote its own products.

The business owners are acting in response to a federal task force that recommended marijuana products only include a

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Canadian cannabis businesses join forces to craft marketing rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Chart: Number of customers served per day by medical marijuana dispensaries, recreational shops

Mon, 24 Jul 2017 10:30:29 +0000
Source: Marijuana Business Daily

By Eli McVey

Medical marijuana dispensaries and recreational stores serve, on average, approximately 100 customers per day, according to data in the newly released Marijuana Business Factbook 2017.

But this figure can vary widely based on the market each retailer serves and a state’s level of regulation.

Retailers that serve the recreational market – either exclusively or in addition to the medical market – have a larger potential customer base, leading to a higher number of customers.

Retailers in markets lacking statewide regulatory systems as of early 2017 – including California, Michigan and Montana – served about

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Chart: Number of customers served per day by medical marijuana dispensaries, recreational shops is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

San Diego marijuana firms object to new regulatory proposals

Fri, 21 Jul 2017 19:17:58 +0000
Source: Marijuana Business Daily

San Diego cannabis business executives are criticizing newly proposed cultivation, manufacturing and testing rules that the City Council put forward last week, saying they are overly strict.

The executives singled out a proposed cap that would limit the number of grow and manufacturing companies to 18 in the city, the San Diego Union-Tribune reported.

Also, each of San Diego’s nine City Council districts would have its own cap of two cultivation and manufacturing businesses.

Critics said the cap would undermine the city’s goal of producing its own cannabis supply, and could trigger a product shortage, the paper

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San Diego marijuana firms object to new regulatory proposals is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian cannabis grower to trade on Toronto Stock Exchange

Fri, 21 Jul 2017 19:11:31 +0000
Source: Marijuana Business Daily

Aurora Cannabis Inc. will become the fifth marijuana company on the Toronto Stock Exchange when its shares begin trading there Monday, the latest sign that Canadian MJ businesses are joining the mainstream.

Vancouver-based Aurora joins Aphria, Canopy Growth, CanniMed Therapeutics and MedReleaf on the TSX, Canada’s largest exchange. The five companies have a combined market capitalization of over 4 billion Canadian dollars ($3.2 billion). 

Aurora – whose Aurora Cannabis Enterprises subsidiary

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Canadian cannabis grower to trade on Toronto Stock Exchange is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Washington state’s marijuana advertising rules commence

Fri, 21 Jul 2017 12:00:15 +0000
Source: Marijuana Business Daily

Advertising will become even more difficult for marijuana businesses in Washington state this weekend when new restrictions take effect.

Starting Sunday, cannabis businesses statewide must start following advertising rules primarily intended to protect children from marijuana, TV station King 5 reported.

The law mandates that marijuana signage must clearly denote that MJ products are for people 21 and older, and can’t contain images of cannabis plants or movie or cartoon characters, according to King 5.

Marijuana businesses are allowed to attach a maximum of two outdoor signs to a building or other structure, the Seattle station

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Washington state’s marijuana advertising rules commence is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Week in Review: Canadian premiers mull recreational marijuana delay, Uruguay begins adult-use sales & Hawaii’s MMJ still on hold

Fri, 21 Jul 2017 10:30:22 +0000
Source: Marijuana Business Daily

By Matt Lamers, John Schroyer and Bart Schaneman

Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Rec delay in Canada?

An executive for one of Canada’s biggest marijuana producers isn’t losing sleep over talk by provincial premiers that they may seek a delay in the rollout of legal adult-use cannabis beyond the federal government’s target date of July 2018.

In

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Week in Review: Canadian premiers mull recreational marijuana delay, Uruguay begins adult-use sales & Hawaii’s MMJ still on hold is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs