The founder of a San Diego medical cannabis distribution company, along with several of his employees and his attorney, have been charged with felony crimes by the county district attorney.
The charges are all related to a case that’s been ongoing for nearly a year and a half, since local police raided Med-West, a defunct San Diego MMJ concentrate distributor, in January 2016. The DA’s office, however, was recently ordered to return $100,000 that the agency seized from Slatic’s family.
But District Attorney Bonnie Dumanis isn’t letting the case go. Her office
MassRoots, a popular marijuana-focused social media platform, said in its quarterly financial filings that the company is running low on capital and will need to raise $5 million in the next year “to continue to fund operations.”
The Denver-based business added that it expects to be able to raise most of that sum by exercising warrants.
“We are dependent on the sale of our securities to fund our operations, and will remain so until we generate sufficient revenues to pay for our operating costs,” the publicly traded company said in filings with the Securities and Exchange Commission.
At first blush, Vermont Gov. Phil Scott’s veto Wednesday of a limited recreational marijuana bill delivered a major blow to legalization efforts in the state and hopes for a new cannabis industry there.
But the governor, in fact, left the door open to a compromise this year.
DFMMJ Investment LLC, which is owned by Liberty Health Sciences, will take over management of Florida’s Chestnut Hill Tree Farm, one of the state’s seven licensed medical cannabis producers under Florida’s current CBD-focused program. And Aphria, the Canadian MMJ producer that tried to buy Chestnut Hill, is the primary investor in Liberty, according to the News Service of Florida.
A Florida judge issued a ruling recommending that the state’s health department issue two new licenses for the state’s CBD-focused medical marijuana program, saying the pair’s original applications were rejected under unfair circumstances.
The judge said the two companies’ applications were, in fact, virtually tied with that of the eventual winner. The recommendation would raise the number of licensees in the state from seven to nine.
Administrative Law Judge John Van Laningham said the Florida Department of Health should have awarded licenses to Tornello Landscape, also known as 3 Boys, and Plants of Ruskin when they
Vermont Gov. Phil Scott vetoed legislation Wednesday that would have legalized consumption and home cultivation of recreational marijuana, dashing hopes the state would be the first in the nation to approve adult-use cannabis through the Legislature.
But Scott, a Republican, left the door open for compromise legislation that lawmakers could stitch together over the summer.
With the expected signing of a bill moving medical marijuana under the purview of the regulatory agency that oversees recreational cannabis, Oregon MMJ growers and processors could soon have direct access to the burgeoning adult-use market.
According to The (Bend) Bulletin, Senate Bill 1057 authorizes the Oregon Liquor Control Commission to:
Begin permitting MMJ growers and processors so they can sell to rec retailers.
Require medical businesses to start using the state’s inventory tracking system.
Increase the number of plants medical growers are legally allowed to cultivate.
First announced earlier this year as part of the country's 2017 budget, Singapore's IT office says it will put out S$2.4 billion in ICT tenders encompassing data analytics and Internet of Things sensors.
A California retail estate investment firm and a wealthy Florida medical marijuana advocate separately pledged Tuesday to pump $100 million each into cannabis businesses, marking a notable new chapter in the MJ industry.
The combined $200 million is among the largest amounts of planned cannabis investments disclosed in a single day.
Moreover, the investment plans were unveiled at opposite ends of the country, signaling growing investor interest in marijuana businesses from coast to coast.
In California, a new MJ subsidiary of an established Beverly Hills real estate investment firm announced plans to spend $100 million on California’s
Some 35 percent of Asia-Pacific companies view the potential failure of securing sensitive data as a top barrier to digital transformation, while others cite rigid IT systems and inability to migrate to the cloud.