News by State

Week in Review: Marijuana Tax Proposal in CA, Potential New Competition in NY + Cannabis Ad Relief?

John Schroyer  | February 12, 2016

By Omar Sacirbey and John Schroyer

California lawmakers consider implementing new taxes on medical cannabis sales, New York MMJ businesses could see more competition in the near future, and a federal bill seeks to open up cannabis advertising.

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

DEA Searches Oregon Marijauna Extracts Makers

Omar Sacirbey  | February 11, 2016

In a reminder that cannabis businesses are still not immune from federal law enforcement – even in states with legal marijuana – U.S. Drug Enforcement Administration agents recently searched the homes of the owners of a THC extractor and seller in Oregon.

DEA agents searched the homes of Michael Andrew Dillon and Michael Corby, the …

California Considers 15% Medical Marijuana Tax

Omar Sacirbey  | February 10, 2016

A new bill introduced Wednesday in California would impose a 15% percent tax on medical marijuana sales to pay for state programs and enforce new regulations, according to SFGate.com.

But the Marijuana Value Tax Act, as the bill is known, may not be the only expense MMJ businesses face, since local governments could levy …

Anchorage Finalizes Recreational Cannabis Regs

Omar Sacirbey  | February 10, 2016

The Anchorage City Assembly finalized its regulations for the upcoming recreational marijuana industry on Tuesday night, tweaking buffer zone rules, prohibiting small-scale commercial grows and taking other steps.

The new rules reduce the required distance between marijuana retailers and schools from 1,000 feet to 500 feet. But the news is not as good as it …

Cannabis Company’s Deal With Celebrity Chef Part of Growing Trend

Omar Sacirbey  | February 10, 2016

By Omar Sacirbey

Cresco Labs CEO Charles Bachtell has been going to Mindy’s Hot Chocolate, a well-known Chicago restaurant a short walk from his house, for about 10 years.

Little did Bachtell know that one day he would team up with the restaurant’s owner – nationally known chef Mindy Segal (pictured) – on a cannabis-related endeavor.

FL Lawmakers May Allow MMJ For Terminal Patients

Omar Sacirbey  | February 9, 2016

Florida lawmakers have revived a bill to expand the state’s CBD industry by allowing terminally ill patients to use full-strength medical cannabis, which would provide a boost for licensed businesses.

The state’s current law, passed in 2014, permits only allows high-CBD, low-THC marijuana oils, artificially limiting the market. The proposed new law, revived this week, …

California Marijuana Bans Threaten Thousands of Businesses

John Schroyer  | February 9, 2016

By John Schroyer

The recent wave of local bans and moratoriums on cannabis businesses in California could have brutal repercussions for the state’s medical marijuana industry.

So far, 241 cities and counties have either approved some type of cannabis business ban or have one pending, according to the marijuana consultancy Sugarleaf Productions.

RI Lawmakers to Propose MJ Legalization Bill

Omar Sacirbey  | February 9, 2016

Lawmakers in Rhode Island plan to introduce bills this week that would legalize recreational marijuana in the nation’s smallest state.

The bills, one slated for the state’s House of Representatives and the other in the Senate, are in response to a proposal last week by Rhode Island Governor Gina Raimondo to track medical …

New York Tribe to Grow, Dispense MMJ

John Schroyer  | February 8, 2016

It looks like New York’s five medical cannabis companies will have some more competition by the end of the year. At least, they will on Long Island.

The Shinnecock Indian Nation, which has a reservation on the eastern part of Long Island, has decided to get into the MMJ business, according to the …