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List of marijuana events hit by coronavirus
From South by Southwest in Austin, Texas, to Spannabis in Spain, at least 15 conferences with ties to the cannabis industry have been postponed, canceled or rescheduled amid the coronavirus pandemic. Here is a list and links to some of the events impacted so far by...
Alabama Senate passes medical cannabis bill
The Alabama Senate on Thursday passed a medical marijuana bill that would license 34 dispensaries across the state. The bill also would permit people with a doctor’s recommendation to use MMJ for 15 conditions. In addition, the measure allows medical cannabis in forms...
US House panel approves medical marijuana bills to help veterans
A key U.S. House committee on Thursday advanced a bill that would increase access to state-legal medical cannabis for military veterans, which could increase MMJ sales. The House Veterans’ Affairs Committee approved the bill, the Veterans Equal Access Act, by a 15-11...
Feds subpoena records from CA marijuana firm Weedmaps and others
Questions are swirling around a well-known California marijuana vaporizer manufacturer after its facility was raided by state authorities for allegedly manufacturing illegal cannabis vape cartridges. The case involving licensed manufacturer Kushy Punch – which...
How cannabis growers can brace themselves for a product recall
Prosecutors for a U.S. attorney’s office in California issued a grand jury subpoena for records related to 30 marijuana companies, including the parent of Weedmaps. Although the purpose of the investigation by the U.S. attorney for the Eastern District of California...
Proposed regulatory and tax reforms in California could make life simpler for marijuana businesses
A proposed overhaul of California’s marijuana regulatory and tax collection system could mean far less headaches for licensed cannabis companies in the state. It could also indicate there’s more legislative help on the way in 2020 for California’s struggling legal...
US House panel calls for stepped-up marijuana research, which could prove critical to federal reform
In a positive signal for the cannabis industry, lawmakers from both parties and three government witnesses told a U.S. congressional subcommittee Wednesday the federal government urgently needs more access to research around marijuana. But it remains unclear when that...
Marijuana businesses raise millions of dollars by cashing out of real estate through sale-leaseback deals
Large cannabis companies increasingly are selling their own cultivation, processing and storage facilities and immediately leasing them back as a way to instantly raise tens of millions of dollars at a time when outside financing is scarce. Unlocking the value of real...
Cannabis payment provider allegedly owes millions to MJ retailers
Linx Card, which touts itself as a “primary provider” of debit merchant services to marijuana retail stores, has faced a flurry of lawsuits in recent months from cannabis businesses that allege the California firm owes them millions of dollars. Reef Dispensaries,...
Statewide delivery policy ‘critical’ to cannabis industry success, California insiders say ahead of key court case
The cannabis industry is at a crossroads where companies will need to differentiate themselves based on profitability, strong yet simple capital structures and investor communication. That’s the overall takeaway from Marijuana Business Daily‘s inaugural Investor...