News by State

Week In Review: Detroit crackdown, NYSE listing bid & LSU proposes big bucks on MMJ

Bart Schaneman  | October 21, 2016

By Bart Schaneman, Omar Sacirbey and John Schroyer

Detroit cracks down on dispensaries, a cannabis real estate investment trust eyes a Big Board listing, and Louisiana State University proposes spending millions on medical marijuana cultivation.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Israeli pharmacies to start selling medical cannabis

Bart Schaneman  | October 20, 2016

Israeli pharmacies are gearing up to sell medical marijuana across the nation under the government’s ongoing efforts to liberalize the use and sale of MMJ.

Super-Pharm, which has 225 branches across Israel, has been consulting with the nation’s health ministry to allow prescription and provision of medical marijuana by authorized doctors and pharmacists, …

How the marijuana industry can keep its magic: Interview with Penn Jillette

Bart Schaneman  | October 20, 2016

By Bart Schaneman

Penn Jillette is perhaps best known for the popular magic shows he’s been performing in Las Vegas with sidekick Teller for more than 20 years.

But he’s also become a household name for his strong opinions, including a long-held belief that marijuana should be legal.

San Jose approves cultivation, deliveries for MMJ collectives

Omar Sacirbey  | October 19, 2016

The city council in San Jose, California, gave preliminary approval Tuesday to allow the city’s 16 registered medical marijuana collectives to run two cultivation sites and make deliveries to patients or caregivers.

The proposed rules, which require final approval next week, would allow deliveries between 8 a.m. and midnight, the San Jose Mercury News reported. Delivery …

Could Florida’s medical marijuana industry be a gold mine for many or only a few?

John Schroyer  | October 19, 2016

By John Schroyer

Many in the medical cannabis trade have long viewed Florida as a plum waiting to be picked, a potentially ripe market for both new and existing marijuana companies given the state’s massive population and heavy concentration of seniors.

But the business opportunities could be much more limited than expected.

Oregon recreational cannabis sales hit $160 million

John Schroyer  | October 19, 2016

Oregon’s emerging recreational marijuana industry surpassed $160 million in sales for 2016 at the end of September.

Those numbers could be even bigger in reality, however, because the Oregon Department of Revenue is still waiting on some cannabis businesses to file quarterly tax returns from earlier in the year. An agency spokeswoman said that only …