After adding months to its medical marijuana licensing deadline, Michigan is now taking away 45 days with little explanation, requiring MMJ businesses to have their new state operating licenses by Oct. 31 or close. Only 19 dispensaries have been approved so far under the new, stricter regulatory regime, but stateContinue Reading
Branding partnerships between Canada’s biggest cannabis companies and their celebrity backers will be thrown into limbo when new regulations governing recreational cannabis take effect Oct. 17. The Cannabis Act has general prohibitions on the promotion of marijuana that includes the depiction of a person, character or animal, whether real orContinue Reading
GW Pharmaceuticals is setting out to sell $300 million worth of U.S. depository shares. The London-based company’s announcement comes on the heels of the U.S. Drug Enforcement Administration’s move to take some cannabidiol products off the most restrictive class of controlled substances. That change will allow Epidiolex – a CBD drug manufactured byContinue Reading
Facing a budget crunch, Phoenix’s interim mayor is proposing a heavy tax on the city’s medical cannabis industry that could cost some companies more than $1 million a year. Medical marijuana businesses said they felt blindsided by the city, the Arizona Republic reported. “They’re trying to balance the budget onContinue Reading
The California Bureau of Cannabis Control (BCC) revoked a temporary testing laboratory license for the San Diego location of PharmLabs. The lab failed to meet the testing standards and procedures required by state law and the BCC’s regulations, according to a news release. California regulators revoke cannabis testing lab’s temporary licenseContinue Reading
Fifteen U.S. House lawmakers urged the heads of the Department of Justice and the Drug Enforcement Administration to expand the number of federally approved marijuana cultivators allowed to grow cannabis for research purposes. The request, made in an Oct. 1 letter, comes on the heels of the DEA granting approvalContinue Reading
Finding a cannabis bike delivery person in New York City willing to answer a few questions, even anonymously, can be a bit of a challenge. Customers are afraid of divulging their herb-supplying saviors, and the bike messengers themselves are apprehensive about being connected with the particular delivery organization they workContinue Reading
Today, the best way to get weed in the Big Apple is through a bicycle delivery service. However, the practice isn’t exactly legal: Despite the fact that New York City has over 1,1000 miles of bike lanes and 20 million inhabitants, less than 1 percent of New Yorkers are medicalContinue Reading
One of the loudest pro-cannabis voices in Sacramento for the past four years has been the executive director of the California Growers Association (CGA), Hezekiah Allen. But Allen is moving into the private sector to focus on promoting marijuana farming cooperatives with the holding company Emerald Grown, where he’s the chairman.Continue Reading
(This is an abridged version of a story that appears in the October issue of Marijuana Business Magazine.) As merger and acquisition activity accelerates across the cannabis industry, many companies are discovering they don’t need a for-sale sign in the window to be a takeover target. The flurry of M&A activity,Continue Reading
