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Aurora starts ‘regular’ shipments of medical marijuana to Germany

Tue, 19 Sep 2017 21:24:15 +0000
Source: Marijuana Business Daily

Aurora Cannabis sent its first shipment of medical marijuana to Germany, a market with so much growth potential that Canadian licensed producers have been racing to gain a toehold there.

Monday’s shipment of 50 kilograms (110 pounds) of dried cannabis to Berlin-based Pedanios represents “a critical step” in Aurora’s international expansion strategy and provides a gateway to the wider EU market, the company said in a news release.

Pedanios, a wholly owned subsidiary of Alberta-based Aurora (TSX Exchange: ACB), will distribute the product through its network of more than 1,500 pharmacies across Germany.

Aurora joins a growing list of Canadian licensed producers

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Aurora starts ‘regular’ shipments of medical marijuana to Germany is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Study: Doctors-in-training not prepared to recommend MMJ

Tue, 19 Sep 2017 20:04:58 +0000
Source: Marijuana Business Daily

The vast majority of medical students aren’t learning about the medicinal applications of marijuana, according to a new study.

Without doctors who are properly educated on how to recommend medical cannabis, business owners in states with MMJ programs could face bottlenecks in getting product to customers.

Washington University School of Medicine in St. Louis surveyed 258 medical residents and fellows across the country and found that nine out of 10 aspiring physicians believe they are inadequately prepared to recommend MMJ as a treatment, HealthDay News reported.

The news outlet also found that the Association of Medical

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Study: Doctors-in-training not prepared to recommend MMJ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

West Virginia seeks $2 million to start medical cannabis program

Tue, 19 Sep 2017 19:40:32 +0000
Source: Marijuana Business Daily

West Virginia regulators are anticipating the state will need about $2 million to launch its medical marijuana program.

State health officer Dr. Rahul Gupta told both the state Senate and the House of Delegates the program could potentially be funded through an “internal loan,” the Charleston Gazette-Mail reported.

The biggest portion of the program’s expected startup costs is the $700,000 West Virginia plans to invest in a seed-to-sale tracking system, according to the newspaper.

Once the MMJ program is up and running – mid-2019 is the target date for sales

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West Virginia seeks $2 million to start medical cannabis program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Oregon’s marijuana regulatory agency faces state audit

Tue, 19 Sep 2017 17:01:37 +0000
Source: Marijuana Business Daily

The Oregon Secretary of State plans to audit the state’s recreational marijuana regulatory agency and how the program enforces cannabis rules.

According to The Oregonian, the audit announcement precedes a Tuesday visit to Oregon by U.S. Attorney General Jeff Sessions, who wrote to Gov. Kate Brown this summer expressing concerns that the state has been unsuccessful in slowing the state’s black market.

The Oregon Liquor Control Commission (OLCC) – which manages the state’s recreational marijuana program – also was audited earlier this year by an outside group, The Oregonian reported.

The independent audit concluded that

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Oregon’s marijuana regulatory agency faces state audit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arkansas receives 300 applications for medical cannabis licenses

Tue, 19 Sep 2017 12:00:22 +0000
Source: Marijuana Business Daily

Arkansas received roughly 300 applications for medical marijuana business licenses, including about 200 on the final day the paperwork could be submitted.

The Department of Finance and Administration took in 200-plus applications Monday on top of the roughly 100 that had been submitted since the process began, the Arkansas Democrat-Gazette reported.

The turnout likely was a relief for Arkansas’ MMJ regulators considering no applications had been received a week and a half after the licensing process began June 30. The first applications weren’t submitted until late August.

An MMJ program spokesman told the

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Arkansas receives 300 applications for medical cannabis licenses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Measures that could grow Detroit’s medical marijuana industry go to voters

Tue, 19 Sep 2017 10:30:09 +0000
Source: Marijuana Business Daily

By John Schroyer

Two local ballot measures to grow Detroit’s once-sizable medical marijuana industry have overcome significant legal hurdles and will now go before voters in November.

The proposed changes, if approved by voters, would likely result in a broadening of the MJ-related business opportunities in Michigan’s biggest city.

The measures – one to formally opt the city into a state MMJ regulatory system and one to amend the city’s cannabis business zoning laws – have withstood a legal challenge from the Detroit Elections Commission and also received a green light from the county’s election commission.

Both decisions came

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Measures that could grow Detroit’s medical marijuana industry go to voters is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian marijuana firms raised $165.9M via debt instruments this year – and that’s just the start

Tue, 19 Sep 2017 10:20:19 +0000
Source: Marijuana Business Daily

By Matt Lamers

Canadian medical marijuana companies are starting to tap debt markets in a big way to fund their explosive growth, which until earlier this year had been financed almost entirely through stock offerings.

Cannabis companies raised $165.9 million via debt instruments - including convertible bonds, debentures and term loans - through August.

Canadian marijuana firms raised $165.9M via debt instruments this year – and that’s just the start is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Maryland university cancels medical marijuana courses

Mon, 18 Sep 2017 22:34:03 +0000
Source: Marijuana Business Daily

The University of Maryland’s School of Pharmacy has called off courses that had been scheduled for students planning careers in the medical marijuana field.

The college made the decision after “consulting with the Maryland attorney general’s office” and then decided to err on the side of caution because of marijuana’s ongoing status as a Schedule 1 controlled substance and the Trump administration’s lack of a clear policy on cannabis, according to The Baltimore Sun.

The school has suspended the MMJ program indefinitely, the newspaper reported, including proposed courses in cultivation, manufacturing, dispensing, laboratory standards and

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Maryland university cancels medical marijuana courses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

South Carolina extends deadline for prospective hemp growers

Mon, 18 Sep 2017 17:51:22 +0000
Source: Marijuana Business Daily

Prospective hemp farmers in South Carolina have an extra week to apply to grow the crop next year in the wake of Hurricane Irma.

State regulators extended the deadline to Sept. 22 because of the flooding caused by Irma.

Even before the hurricane, however, South Carolina farmers were showing light interest in growing hemp. The state had just eight applications before the initial deadline of Sept. 15, said Clint Leach, the state’s assistant agriculture commissioner.

South Carolina is requiring prospective hemp farmers to grow at least 20 acres of hemp, a size requirement that

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South Carolina extends deadline for prospective hemp growers is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

LSU completes deal with medical marijuana producer

Mon, 18 Sep 2017 16:54:57 +0000
Source: Marijuana Business Daily

Louisiana State University has completed its contract with a company that will grow medical marijuana and expects production to begin as early as mid-2018.

The LSU AgCenter said in announcing the arrangement Monday that its new partner, Las Vegas-based GB Sciences, will start renovating its production facility immediately, The Advocate reported.

The deal was formalized despite a protest in which a competitor that was passed over for the contract questioned GB Sciences’ financial stability.

GB Sciences has agreed to pay LSU $3.4 million over five years or 10% of gross receipts, whichever

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LSU completes deal with medical marijuana producer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs