Marijuana Business News

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Thu
12
Apr

This country could be close to exporting medical marijuana

Israel’s cabinet is set to legalize exports of medical marijuana on Sunday after Public Security Minister Gilad Erdan’s reservations about criminal use were assuaged by a promise for 25 more police officers to monitor growers.

“I support the use of marijuana for medical purposes and exporting it to the world in light of our [Israel’s] advanced knowledge in the field,” Erdan said in a statement on Wednesday. “But as public security minster I am obligated to make certain that exports from farms aren’t diverted to illicit use by Israeli citizens, especially the young.”

Under the proposed law, 50 growers will be given licenses to export marijuana solely for medical purposes and as a finished product, not in the form of seeds, stems or plants, sources said.

Thu
12
Apr

20 Massachusetts weed businesses in running for recreational licenses

There are now 20 Massachusetts weed businesses in running for recreational licenses. Could there be 20 new dispensaries for adult-use?

Thu
12
Apr

The threat of dangerous synthetic cannabis has spread to five states

The threat of dangerous synthetic cannabis has spread to five states, prompting health departments to go full force.

The number of people with severe synthetic weed-related illness keeps rising. Hospitals are reporting more and more cases of serious bleeding, seizures, hallucinations and violent behavior—all due to synthetic cannabis.

As of this week, the threat of dangerous synthetic cannabis has spread to five states, including Illinois, Missouri, Wisconsin, Indiana and Maryland.

Thu
12
Apr

California’s legal weed sales are lagging behind expectations, analysts say

With the Golden State’s temporary canna-business licenses set to expire at the end of the month, high taxes and limited local access have created a slow transition out of the black market.

It's only been four months since California opened its doors to what is expected to be the world's largest legal adult-use cannabis market, but the transition hasn't been seamless.

Despite many predicting that the state will see upwards of $4 billion in legal sales by the end of 2018, new research suggests that the start to this new, verdant era is moving slower than expected.

Thu
12
Apr

A new study says cannabis legalization doesn’t create violence, it reduces it

A group of researchers from the University of Bologna in Italy recently conducted a study that dismisses the association between legal weed and increased violence, writes Calvin Hughes.

After comparing the rates of violent crimes in Washington and Oregon between 2012 and 2014, the results show a decrease post-cannabis legalization.

Thu
12
Apr

Oregon county aims to increase marijuana enforcement

An Oregon county is trying to crack down on illegal marijuana production by hiring two enforcement officers, and to limit new legal grows considering a pause on the processing of applications to produce cannabis.

The move on Wednesday by the Deschutes County Commissioners marks the latest effort by some Oregon counties to control the legal marijuana industry that they say is growing too fast.

Officials in Josephine County, in a prime pot-growing area of southern Oregon, last week sued the state in federal court, asserting state laws that made pot legal are pre-empted by federal law that criminalize it. County commissioners in December tried to ban and restrict pot farming on rural residential lots, but the state Land Use Board of Appeals put the restrictions on hold.

Thu
12
Apr

Australian Pharma company announces plans to build cannabis facility in Malta

Australian pharmaceutical company MGC Pharma has announced plans to construct a 4,000 metre-squared state-of-the-art medical cannabis production and cultivation facility in Malta. 

In the wake of a new law regulating medical cannabis, Malta Enterprise selected five foreign companies by tender to start producing the drug in Malta.  

Canadian giant Nuuvera had already confirmed it will be setting up a branch in Malta and now MGC Pharma has done likewise. 

Thu
12
Apr

Former house speaker John Boehner is joining the board of a marijuana company — and an analyst is calling it a 'monumental event'

Former House Speaker John Boehner is jumping into the marijuana industry, in a move one analyst describes as "monumental" for the sector.

Boehner is joining the advisory board of Acreage Holdings, a firm that owns marijuana cultivation facilities and dispensaries in 11 US states.

Thu
12
Apr

An eye drop that treats glaucoma while you sleep has been developed by scientists

An eye drop that treats glaucoma while you sleep has been developed by scientists.

It is based on a chemical found in cannabis and could end the misery of twice daily drops that are often ineffective.

The condition is triggered by a build-up of pressure that damages cells in the optic nerve. It is the second biggest cause of blindness. The breakthrough could lead to better therapies for other serious eye disorders – including macular degeneration which also destroys sight.

Professor Vikramaditya Yadav, a biomedical engineer at British Columbia University in Canada, said: “Medicated eye drops are commonly used to treat glaucoma – but they’re often poorly absorbed.

Thu
12
Apr

Dispensary tasting room bill passes house, heads to senate

A bill that would allow dispensaries to apply for tasting-room licenses continued to build momentum in the Colorado General Assembly on Tuesday, April 10, after passing its third reading in the House.

HB 1258 will now head to the Colorado Senate, but not without a couple of changes from the original version. State Representative Susan Beckman, who opposed the bill in both committee and floor hearings, introduced successful amendments to enforce consumer education at potential tasting rooms and prohibit any dispensaries within 1,000 feet of localities banning cannabis businesses, respectively.

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