Tags Marijuana Business Daily

Marijuana Business Daily

Dozens of medical marijuana dispensaries closed in Detroit

fb-square-english-spanish10/17/16--Detroit is closing dozens of medical cannabis dispensaries that fail to comply with the city’s zoning rules. According to Crain’s Detroit Business,  Melvin “Butch” Hollowell, Detroit’s corporation counsel, set a goal earlier this year to close all but 50 by December. A pair of restrictive zoning ordinances and new licensing procedures that took effect in March triggered the crackdown. Read

San Diego crackdown, WA eyes organic MJ & Britain says yes to CBD

screen-shot-2016-10-27-at-8-22-35-pm10/14/16--San Diego has teamed with a coalition of licensed medical cannabis businesses to crack down on illegal MMJ storefronts and to educate consumers about which shops are legal. Meanwhile,  Washington State’s Department of Agriculture wants to streamline the state’s marijuana regulation. Lastly, the decision by the United Kingdom’s chief medical regulatory body to label CBD a form of medicine could be a preview of what’s to come in the United States. Read

What’s in a cannabis company name? Not as much slang

screen-shot-2016-10-17-at-11-15-48-pm10/10/16--The marijuana industry has been in a perpetual struggle to shake the “stoner” stereotype, and the businesses that comprise the industry are leading the charge against it. An analysis of 3, 318 state-licensed cannabis companies in the Marijuana Business License Directory shows that wellness-oriented words such as “organic” or “herbal” appear far more frequently in business names than slang terms such as “ganja,” “420” and “pot.” Read

SEC accuses marijuana-focused company, CEO of fraud

fb-square-english-spanish10/4/16--The Securities and Exchange Commission has filed fraud charges against Infinex Ventures and its CEO Ronald Salem, alleging they falsely claimed to have secured $100 million to finance marijuana businesses. The SEC also claims the company reported more than $500,000 in revenue for the second quarter of 2014, when in reality it didn’t have “any operations, revenue or funding.” Read

New Colorado edibles rules: major cost for producers, not for others

screen-shot-2016-10-10-at-9-36-51-pm9/29/16--New labeling rules for marijuana edibles produced in Colorado have been a huge expense for many infused products manufacturers. Meanwhile, some retailers say this is business as usual. By Dec. 1, dispensaries and recreational stores must sell only products that comply with the new regulations. Read

Cannabis social network MassRoots in default

fb-square-english-spanish9/27/16--MassRoots, the popular social network for cannabis enthusiasts, has missed payments to some of its creditors and is considered in default, a notable turn of events for the once high-flying Denver company. Read

L.A. dispensaries submit signatures for ballot question

fb-square-english-spanish9/21/16--The UCBA Trade Association, a coalition of Los Angeles medical cannabis dispensaries, has turned in over 100,000 signatures to support their bid to get an initiative on the city ballot that would give licensing priority to 135 storefronts. Read

Get ready for the age of marijuana tourism

fb-square-english-spanish9/13/16--One of the most well-known travel writers in the world, Arthur Frommer, predicted recently that cannabis tourism is going to become big business after the November election, when up to five more states could legalize recreational use. Read

Four cannabis companies on Inc. 500 list

fb-square-english-spanish8/17/16--Four cannabis-related firms have been named to Inc. magazine’s annual list of the 500 fastest-growing private companies in the nation, yet another indication of how legitimate the marijuana trade has become. The top spot on the Inc. 500 goes to Los Angeles-based Loot Crate, which delivers a monthly themed “mystery” crate to customers. Read