News by State

California Edibles Executive Faces Fraud Charges

Omar Sacirbey  | July 26, 2016

An investor in a prominent California edibles company is accusing the firm’s CEO of securities fraud and is seeking to invalidate his claim in the company.

The investor claims in the lawsuit, filed anonymously on July 18, that Robert Weakley, CEO of Altai, lied about his contributions to the company’s accounts and spent some …

Amid Avalanche of Hype, Desert Hot Springs Medical Cannabis Industry Faces Challenges

Omar Sacirbey  | July 26, 2016

By Omar Sacirbey

Long-time cannabis entrepreneur Greta Carter made a big career decision recently: She sold her Seattle marijuana business, gave up her Washington State residency and moved to Desert Hot Springs, California.

“I thought I could get a much better return on the time and money in California than in Washington,” Carter said.

Pennsylvania Gov Signs Industrial Hemp Law

John Schroyer  | July 25, 2016

Pennsylvania Gov. Tom Wolf has put his signature on a law that could restart his state’s hemp industry.

The new law, while it doesn’t immediately authorize commercial hemp production, could lead to “large scale production,” according to WITF.

The law authorizes the state Agriculture Department and institutions of higher education to begin cultivating …

IL Judge Orders State to Reconsider MMJ for Migraines

John Schroyer  | July 25, 2016

In a move that could further boost patient numbers for Illinois’ medical cannabis industry, a judge has ordered that the state should reconsider adding migraine headaches to the list of qualifying conditions for MMJ.

The ruling, by Cook County Circuit Court Associate Judge Rita Novak, contravenes a decision by the Illinois Department of …

Nevada Dispensaries to Benefit From Rule Change

John Schroyer  | July 22, 2016

Nevada will now allow patients to purchase medical marijuana the same day they obtain a recommendation from a physician, allowing dispensaries to serve new customers much earlier than before.

Previously, the wait between getting a recommendation and being able to actually buy MMJ was up to 40 days, according to NBC.

“The main reason is to …

Week in Review: Florida CBD, Cannabis Legal Battles & Ominous Clouds in AZ, MA

John Schroyer  | July 22, 2016

By John Schroyer and Omar Sacirbey

Florida’s long-awaited CBD industry approaches the launchpad, cannabis lawsuits make headlines, and recent polling numbers cast a dark cloud over recreational marijuana legalization in two states.

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

One of Denver’s Oldest Cannabis Shops Sold

John Schroyer  | July 21, 2016

The founders of one of Denver’s oldest cannabis retailers have sold their business to a growing Boulder cannabis chain.

Denver Relief, which launched in 2009 as a medical marijuana dispensary before transitioning to the recreational market as well, has been sold to Terrapin Care Station for an undisclosed sum, according to a press release issued by the …

First Florida CBD Dispensary Ready for Launch

Omar Sacirbey  | July 21, 2016

Florida’s first dispensary plans to open Tuesday, roughly two years after the state legalized CBD-based medicine.

The distinction of being the first business in the state to legally sell CBD products goes to Trulieve in North Florida, according to the Tampa Bay Times.

Not far behind is Alpha/Surterra, a company with offices in Tampa and …