Medical marijuana companies are finding solace in comments from the White House last week indicating the federal government might crack down on recreational cannabis but leave the $2 billion MMJ industry alone.
“It is good news for medical marijuana,” said Alex Ford of the Grassroots Vermont dispensary.
A Montana judge ruled Wednesday that a medical marijuana initiative approved last month by voters should take effect immediately, paving the way for dispensaries to reopen months earlier than expected.
A drafting error in the Nov. 8 ballot initiative had postponed the measure’s implementation until July 1.
But District Judge James Reynolds of Helena sped …
California’s recreational cannabis industry could eventually generate between $4.5 billion and $5 billion in annual retail sales, making it by far the most attractive market for business opportunities of the states that legalized last week, according to estimates released Wednesday.
Medical cannabis dispensaries in Montana that were forced to close at the end of August may not be able to begin serving patients again until June 30 next year because of a clerical error in the initiative voters approved on Election Day.
According to the Missoulian, the only way dispensaries could open …
Marijuana Business Daily provided live updates on cannabis ballot measures and related news on Election Day (all updates in Eastern time).
3:45 a.m. Wednesday (Montana): Montana’s measure to legalize medical marijuana businesses is poised to win comfortably, as the initiative has garnered 56% of the vote with more than 80% of precincts reporting.