Cannabis Software And Consulting Leader MJ Freeway Closes $3 Million In Series B Extension Investment

MJ Freeway and Cannabase strike integration deal

COLORADO: MJ Freeway, a leading provider of business management solutions and consulting services for the cannabis industry, has announced $3 million in Series B extension financing raised from existing investors. MJ Freeway received new investments from existing investors Roger McNamee and Tao Capital Partners. With the unprecedented growth of the cannabis market, the company will use this funding to invest in Read the full article…

Colorado Has Backed Off Plans For Marijuana Clubs

Colorado backs away from pot clubs

By Kristen Wyatt, Associated Press COLORADO: Colorado lawmakers have backed off plans to regulate marijuana clubs, saying the state would invite a federal crackdown by approving Amsterdam-style pot clubs. The state House voted Thursday to amend a bill that would have set rules for how private pot clubs could work. It was a dramatic reversal. Bring-your-own Read the full article…

Colorado Set To Prohibit Marijuana Co-Op Growing Operations

police groups and Hickenlooper, a Democrat, have called on lawmakers to curb the practice of assisting other recreational pot users.

By Kristen Wyatt, Associated Press COLORADO: Colorado was set Monday to outlaw marijuana growing co-ops soon after the state Senate unanimously approved a bill making it a crime for people to cultivate recreational pot for other people. The bill supported by the office of Gov. John Hickenlooper passed 35-0 but it was unclear when he would sign it. There Read the full article…

Hoban Law Group Files Ninth Circuit Petition To Challenge Recent DEA Classification of “Marihuana Extracts”

Walker to sign marijuana extract bill

COLORADO: In an overreach of authority and without consulting Congress, the Drug Enforcement Administration (DEA) issued its Final Rule, the “Establishment of New Drug Code for Marihuana Extract,” on Dec 14, 2016. In response to the change, which serves to potentially devastate developing businesses and consumer, textile and manufacturing industries related to industrial hemp and other Read the full article…

Teen Marijuana Use In Colorado And Washington Dropped More Than The National Average in 2014-2015

fewer teens smoke pot in legal states

COLORADO: The federal government quietly published new national survey data this week that shows rates of teen marijuana use in Colorado and Washington — the first two states to legalize and regulate marijuana for adult use — decreased more than the national average in 2014-2015. Fewer teens in the two states are reportedly using marijuana than in Read the full article…

MassRoots Enters Into Definitive Agreement To Acquire Whaxy

MassRoots To Acquire Whaxy

COLORADO: MassRoots, one of the leading technology platforms for the cannabis industry, this week announced it has entered into a definitive agreement to acquire DDDigtal Inc. d.b.a. “Whaxy” & Cannabuild for $100,000 cash and 2,926,830 million shares of MassRoots’ common stock. Since launching in May 2016, Whaxy‘s menu management and online ordering platform for licensed cannabis businesses has processed Read the full article…

Study: History Of Marijuana Use Inversely Associated With In-Hospital Mortality

Study: Cannabis and mental illness

COLORADO: Hospitalized patients who test positive for cannabis are less likely than non-users to suffer from heart failure or cardiac disease, and are less likely to die from cancer, according to data published online ahead of print in the journal Cancer Medicine. A team of researchers from the University of Northern Colorado, Colorado State University, and the University of Read the full article…

CannaScore Wins Banking Appeal – Has Account Fully Restored

Marijuana is big business

COLORADO: CannaScore announced it is has been successful in its appeal, and its banking privileges have been restored. As reported here on MJ News Network last month, the company had certain banking privileges revoked when its financial services provider discovered the company was providing services to the marijuana industry. During the appeal, the company offered its products Read the full article…

CannaScore Offers Free Compliance Auditing Tool After Bank Revoked Its Credit Card Processing Privileges

cannascore

COLORADO: CS Compliance Systems, developers of CannaScore – the world’s first real-time regulatory compliance auditing application for the cannabis industry, announced that its credit card processing privileges were revoked after their bank realized that CannaScore was providing services to the marijuana industry. In response, the company announced that it is now offering its products free of Read the full article…

Diego Pellicer Worldwide Tenant’s Secure New Licenses For Operations in Colorado

diego-pellicer-logo

COLORADO: Diego Pellicer Worldwide, a real estate and consumer retail development company that is focused on developing the world’s first “premium” cannabis brand, today announced that their Colorado tenants have been approved for three new state licenses for medical and retail operations in the state of Colorado. Diego Pellicer Worldwide’s tenants have been approved for a total of ten Read the full article…