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News Daily
Week in Review: Michigan MMJ closures reversed, MJ owner convicted of tax crimes & feds OK marijuana imports for research
September 21, 2018
A judge bars Michigan from closing 98 medical marijuana businesses, an operator of two MMJ dispensaries in Oregon is sentenced to prison for federal tax crimes, and the U.S. Drug Enforcement Administration approves the importation of marijuana extracts from Canada for a clinical trial. Here’s a closer look at some notable developments in the cannabis industry […]
Jeff Smith
Medical marijuana firm raises $15M ahead of Australian Stock Exchange listing
September 20, 2018
An Australian medical marijuana company raised $20 million Australian dollars ($14.6 million) in its initial public offering and will begin trading Friday on the Australian Stock Exchange. Melbourne-based Althea Group will use the proceeds to fund a cannabis production facility, the Australian Associated Press reported. The company sold its shares for 20 Australian cents apiece, giving […]
Omar Sacirbey
Metrc software issues spur MD marijuana regulators to enact temporary retail rules
September 20, 2018
Persistent outages and slowdowns involving Maryland’s seed-to-sale tracking software, Metrc, have forced state medical marijuana regulators to override regulations governing patient purchases five times in the past two weeks in a bid to limit the fallout on dispensaries and consumers. The glitches have reportedly hurt dispensary sales. The problems plaguing Metrc – a software system […]
Joey Pena
California cannabis distributor threatens legal battle with feds over cash seizure
September 20, 2018
A California marijuana distribution company plans to file a lawsuit soon over what its attorney alleges is a “conspiracy” between the state Highway Patrol and the U.S. Department of Homeland Security involving the seizure of a large amount of cash. According to a news release from Eureka-based Wild Rivers Transport (WRT) – a state-licensed transport-only […]
John Schroyer
Marijuana software firm MJ Freeway raises $10 million to invest in new technology
September 20, 2018
Denver-based MJ Freeway, a point-of-sale system and government traceability software provider for the cannabis industry, has completed a $10 million raise. According to a news release, the Series C raise – which was oversubscribed – was led by New York-based venture capital firm Batu Capital. Cresco Capital Partners, a Dallas-based marijuana investment firm, also “participated […]
Bart Schaneman
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