Marijuana Business Daily

Oklahoma medical marijuana grower loses license over residency issue

Published

1 year ago

March 23, 2023

admin

Oklahoma regulators stripped medical marijuana cultivator Sun Light Farm of its state license after an administrative law judge ruled that the company “submitted fraudulent ownership information in its license renewal application.”

According to a news release, the judge agreed with the Oklahoma Medical Marijuana Authority (OMMA) legal team and investigators that the local resident listed in ownership documents for the grow operation in Sayre was not the actual owner, a practice known as straw or ghost ownership.

“This is a preview of what’s coming from OMMA as we continue to build our legal and investigative teams and capabilities,” the agency’s executive director, Adria Berry, said in a statement.

“This was a clear case of fraudulent ownership where non-Oklahoma residents tried to illegally work their way into our state.”

State law and OMMA rules require that at least 75% of an MMJ business be owned by an Oklahoma resident

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

German cannabis imports rise to 34.6 tons as cultivators eye end of quota system

Published

20 hours ago

April 26, 2024

admin

Germany imported a record amount of cannabis for medical and scientific use in 2023, as international businesses looked for sales opportunities in Europe’s largest federally regulated medical marijuana market.

In 2023, Germany imported 31,398 kilograms (34.6 tons) of cannabis products, according to the newest data from the country’s Federal Institute for Drugs and Medical Devices (BfArM).

That’s a 26.2% increase over the 24,876 kilograms imported the previous year.

In previous years, Germany imported:

24,876 kilograms (27.4 tons) of cannabis in 2022, up 19.8% over 2021. 20,771 kilograms (22.9 tons) in 2021, a 77% surge over the previous year. 11,746 kilograms (12,8 tons) in 2020, 46% more than in 2019. 8,057 kilograms (8.9 tons) in 2019, which was 80% more than 2018’s total

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

Why are US officials seizing regulated cannabis in New Mexico?

Published

5 days ago

April 22, 2024

admin

A New Mexico congressman is pressing the U.S. Department of Homeland Security to account for what regulated marijuana operators claim is a rash of seizures of state-legal cannabis at Customs and Border Protection checkpoints.

Six incidents of product loss totaling hundreds of thousands of dollars have been reported by licensed marijuana companies in New Mexico since February, when operators first alerted the state’s Cannabis Control Division about the situation, according to documents shared with MJBizDaily.

In addition to border crossings, Customs and Border Protection (CBP) maintains inspection stations along major highways in border states.

Between Feb. 14 and April 18, agents intercepted state-regulated marijuana products at the Alamogordo and Las Cruces stations operated by CBP, state documents show.

Products seized by CBP included

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

Marijuana operators aim to mitigate 4/20 online outages this year

Published

1 week ago

April 18, 2024

admin

As the marijuana industry gears up for the biggest sales day of the year, retailers, point-of-sale (POS) and e-commerce service providers are working to avert another online disaster.

Operators nationwide have installed a series of measures – bolstering infrastructure, employee training, stress tests and other support mechanisms – to capture every retail dollar on Saturday, April 20, the most celebrated day of the year for cannabis enthusiasts and retailers alike.

Last year, a cascade of failures between Dutchie POS systems and their retail customers’ e-commerce menus led to widespread outages affecting hundreds, if not thousands, of stores in the United States and Canada.

Cannabis retail workers told MJBizDaily the outages knocked out online menus, prevented adult-use consumers and medical marijuana patients from placing

Read full article on Marijuana Business Daily

Source link