A Bahamas committee charged with laying out an economic recovery plan recommended the country legalize marijuana for recreational, medical and religious use. The Economic Recovery Committee (ERC) called for the establishment of a regulatory body to ove…
Hemp Industry News
Bahamas panel recommends marijuana and hemp legalization
A Bahamas committee charged with laying out an economic recovery plan recommended the country legalize marijuana for recreational, medical and religious use. The Economic Recovery Committee (ERC) called for the establishment of a regulatory body to ove…
Week in Review: Two states start medical cannabis sales, MT measure survives, Oregon streamlines licensing & more
Medical marijuana sales began in Missouri after voters approved legalization two years ago. Dispensaries in the St. Louis area reported strong interest as Missouri became the 34th state to launch a full-blown MMJ program. MJBizDaily takeaway: Put anoth…
Week in Review: California cannabis designations, Supreme Court loss, union victories & more
A new state law lets California’s outdoor marijuana growers claim a wine-like “appellation of origin” for their sun-and-soil-grown crops. California outdoor producers told Marijuana Business Daily they hope the law will help them dist…
Study: ‘Cannabis light’ used in Italy in place of sedatives, antidepressants
Sales in Italy of so-called “cannabis light” – low-THC and CBD-rich flowers derived from hemp – have been linked to a drop in purchases of different medications, indicating some patients chose to abandon prescription drugs in favor of self-medication w…
New $102 million equity fund targets ancillary cannabis businesses
Pennsylvania-based Intrinsic Capital Partners said it raised $102 million in a fund that will invest in science and technology businesses focused on the legal marijuana and hemp industries. “We believe this is . . . a rare opportunity to invest in a sp…
Week in Review: Vermont OKs adult-use marijuana, Maine sales begin, WHO plan questioned & more
Vermont became the 11th state in the U.S. to fully legalize marijuana for adult use when Republican Gov. Phil Scott let a bill to allow recreational sales become law without his signature. MJBizDaily takeaway: Setting aside the governor’s half-he…
Week in Review: Wildfire smoke impact, cannabis market transitions, curbing illicit sales & more
Smoke and ash from the record wildfires in the western U.S. are slowing the growth of outdoor marijuana plants and forcing cultivators to rethink when to harvest their crop. MJBizDaily takeaway: Growers in California, Oregon and Washington state are st…
Week in Review: Illinois cannabis permits redo, Vermont adult-use progress, Oregon wildfires & more
Seventy marijuana dispensary applicants for recreational cannabis business licenses in Illinois dropped a lawsuit against the state after the governor allowed the losing bidders to make corrections and try again. The lawsuit argued that the state’s lot…