Legal & Regulatory News for Marijuana Businesses

WA Readies for Bumpy Ride as State’s Medical, Rec Markets Merge

Omar Sacirbey  | June 29, 2016

By Omar Sacirbey

Washington’s cannabis industry is bracing for a July 1 deadline when unlicensed dispensaries must close under a new law that rolls the state’s medical marijuana program into its recreational program.

Some industry officials warn the MMJ sector will be decimated. But most industry observers reckon the state will fix the kinks.  

Senators Put Pressure on DEA to Reschedule Marijuana

Omar Sacirbey  | June 28, 2016

A group of U.S. Democratic senators is putting pressure on the U.S. Drug Enforcement Agency to remove marijuana from its list of the most dangerous drugs.

DEA spokesman Russ Baer told the Wall Street Journal the agency will announce a decision “sometime soon” about whether it will reschedule marijuana from a federally prohibited substance …

Medical Cannabis Company GW Pharma’s Stock Again Jumps

John Schroyer  | June 27, 2016

GW Pharmaceuticals – a publicly traded British medical cannabis company conducting clinical trials to determine how effective its medications are against epilepsy – watched its stock surge once again in response to a successful round of testing.

News Monday that a phase 3 trial was helpful at treating patients with Lennox-Gastaut Syndrome, a type …

The Big Picture: State-By-State Marijuana Ballot Initiative Update

John Schroyer  | June 23, 2016

By John Schroyer

This year could prove a turning point for the legal cannabis industry, with at least 13 potential ballot measures in 12 states that could go before voters in November.

If some or most are approved, that could translate into untold business opportunities for cannabis entrepreneurs across the nation.

Newsom: California Marijuana Measure Has Anti-Monopoly Safeguards

Roger Fillion  | June 22, 2016

By Chris Walsh

OAKLAND, CA. – Smaller farmers, mom-and-pop businesses and existing medical marijuana companies will have a place in California’s recreational cannabis industry if voters pass a legalization measure this fall.

That’s the message California Lt. Gov. Gavin Newsom, a big supporter of the legalization measure, gave marijuana business professionals on Tuesday.