Marijuana Investor Gives $9 Million To Harvard And MIT For Cannabis Science
Marijuana Industry News April 30, 2019 0
In what is believed to be the largest private gift yet to support scientific research on cannabis, a donor is giving $9 million to support Harvard and MIT work on cannabis and its effects on the brain. The money comes from the marijuana industry itself, in a way. The... Read more
Texas House passes bill that reduces penalties for Texans caught with small amounts of marijuana
Marijuana Industry NewsTexas April 30, 2019 0
After a brief discussion, the Texas House gave preliminary approval Monday to a bill that would reduce the penalties for low-level possession of marijuana — a move lauded as a win by those eager for the state to take its first major step toward loosening its staunch marijuana laws.... Read more
Confident Cannabis Raises $12M Series A Led By Poseidon Asset Management To Expand Wholesale Platform Nationwide
Marijuana Industry News April 30, 2019 0
PRESS RELEASE PALO ALTO, California, April 30, 2019 — Confident Cannabis, the only cannabis wholesale platform powered by verified lab data, raised $12 million in Series A funding, bringing their total to over $18 million since inception. The new Series A funding will help accelerate growth at Confident Cannabis... Read more
Maine’s marijuana dilemma: ‘Cannabiz’ poised to grow, but in a holding pattern
MaineMarijuana Industry NewsRecreational Marijuana April 29, 2019 0
Twenty-five years ago, Maine’s marijuana proprietors were more likely to be named in a local police blotter than the pages of Mainebiz. But today, Patricia Rosi, CEO of Wellness Connection of Maine, proudly talks about her company’s business in medical-use cannabis, which Maine legalized in 1999. “This is a... Read more
Home delivery of marijuana could start in Massachusetts this year
Marijuana Industry NewsMassachusettsRecreational Marijuana April 29, 2019 0
Home delivery of recreational marijuana could debut in Massachusetts later this year, after regulators reached agreement on a program that would increase consumer access to cannabis while also giving a leg up to entrepreneurs affected by the war on drugs. The state Cannabis Control Commission voted 4-1 at a... Read more
PRESS RELEASE WM Exchange to Provide Secure, Transparent Digital Transactions to Licensed Wholesale Buyers and Sellers of Cannabis Products IRVINE, Calif.–(BUSINESS WIRE)– Weedmaps today announced the launch of WM Exchange, a digital marketplace where licensed cannabis brands, distributors and retailers can safely and efficiently buy and sell cannabis products.... Read more
A new era dawns for marijuana in Colorado. But some believe relaxed rules go too far.
ColoradoMarijuana Industry NewsRecreational Marijuana April 29, 2019 0
The 2019 legislative session may one day be remembered as a turning point for the marijuana industry in Colorado — the moment it came to be viewed not as a challenge to be controlled, but as an opportunity to be embraced. Cannabis advocates and critics alike largely attribute the... Read more
Don’t Be Fooled by the Canopy-Acreage Deal — Marijuana Legalization Is No Sure Thing
Marijuana Industry News April 28, 2019 0
Canopy Growth’s groundbreaking deal to buy Acreage Holdings provides no added indications that cannabis legalization is imminent in the United States. The cannabis industry is booming, in case you haven’t noticed. Last year, global sales increased to $12.2 billion from less than $10 billion, and they’re forecast to rise another... Read more
Mexico Aims to Legalize Recreational Marijuana Before October
Marijuana Industry NewsRecreational Marijuana April 28, 2019 0
Momentum within the marijuana industry is undeniable. Since 1995, we’ve seen support for broad-based legalization in the U.S. catapult from just 25% to 66% in October 2018, according to Gallup’s national poll. We’ve also gone from having zero U.S. states legalized for medical or recreational purposes in 1995 to 33... Read more
Utah is allowing only 10 cannabis farms. Will that be enough to supply the state’s new medical marijuana program?
Marijuana Industry NewsMedical MarijuanaUtah April 28, 2019 0
If the cannabis industry perfectly complied with Utah’s expectations, it would grow 84,292.98 plants annually. These perfectly obedient plants would offer 10.4 million grams of THC (marijuana’s psychoactive compound), enough to supply exactly 100,000 patients with 2 grams of cannabinoids per week for the entire year. The supply would... Read more
