Several states could expand their medical cannabis programs this year through new laws or regulatory policies, opening the door to additional business licenses, more sales for existing cannabis operators and fresh business for ancillary companies. The business prospects in the eight states listed below might not be as glitzy as new, hundred-million-dollar-plus cannabis markets. But […]
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New Mexico medical marijuana businesses had issues with failed recreational legalization bill
While legalizing recreational marijuana in New Mexico appears dead until 2021, this year’s legislative measure was problematic enough that even the state’s leading medical marijuana operator had deep concerns. Duke Rodriguez, the CEO of UltraHealth, which is “100% committed to legalization,” said rejecting this nearly 200-page version was probably the right decision by lawmakers. “They […]
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Multistate cannabis operator MedMen’s Bierman steps down as CEO, gives up voting control
Adam Bierman, the flamboyant co-founder of once-high-flying cannabis retailer MedMen Enterprises, resigned as chief executive and surrendered his voting control.
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Rhode Island governor presses for adult-use cannabis legalization to keep pace on East Coast
Rhode Island’s governor is pitching an unconventional recreational marijuana legalization plan centered on state-owned stores operated by private contractors, which would offer modest business opportunities for cannabis entrepreneurs. The move reflects growing pressure to legalize adult-use cannabis along the East Coast after Massachusetts launched its recreational marijuana industry in 2018. It also dovetails legalization efforts by governors in Connecticut, […]
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Cannabis firms cautiously optimistic New York could legalize adult-use sales this year
New York Gov. Andrew Cuomo has revived the prospects for legalizing recreational marijuana sales in 2020 through the state’s Legislature, but cannabis businesses are taking a tentative approach after legalization efforts failed a year ago and similar sticking points remain. If the state approves adult-use cannabis sales, it is expected to create a multibillion-dollar recreational […]
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US House lawmakers make marijuana banking reform pitch to key senator
The four lead sponsors of the successful cannabis banking bill in the U.S. House of Representatives are urging the chair of a key U.S. Senate panel to work in partnership to move the issue forward in the Republican-controlled Senate. In a letter released Tuesday, the four representatives praised Senate Banking Chair Mike Crapo, an Idaho […]
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US federal cannabis reform outlook: Progress expected in 2020, but distractions, high hurdles persist
President Trump’s impeachment trial, the upcoming elections, Iran and trade wars. That’s a lot of distractions for federal lawmakers, and they represent some of the big reasons why many experts suggest major cannabis reform at the federal level is dead for 2020. But is it?
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US House panel calls for stepped-up marijuana research, which could prove critical to federal reform
In a positive signal for the cannabis industry, lawmakers from both parties and three government witnesses told a U.S. congressional subcommittee Wednesday the federal government urgently needs more access to research around marijuana. But it remains unclear when that will occur, which could hinder the cannabis industry’s prospects if additional research findings are needed to […]
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Trulieve fights short-seller report as its dominance in Florida medical cannabis market continues
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, is fending off attacks raised in a recent negative research report as competitors try to cut into the company’s nearly 50% market share in the state. Grizzly Research promotes itself as doing in-depth research of publicly held companies, but its website doesn’t list a headquarters address or […]
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US House panel to hear marijuana reform issues
Cannabis reform is getting its first hearing in front of members of the U.S. House Energy and Commerce committee on Wednesday, but no one from the industry has been called to testify. The Subcommittee on Health of the Committee on Energy and Commerce will hold a hearing titled “Cannabis Policies for the New Decade,” which is focused […]
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Several states could legalize cannabis sales in 2020 as marijuana industry eyes lucrative East Coast market
Up to a dozen states could legalize adult-use or medical marijuana in 2020 through their legislatures or ballot measures, although only about a handful will likely do so.
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California gov moves to simplify cannabis regulatory, tax systems
California Gov. Gavin Newsom’s administration on Friday announced plans to simplify the state’s cannabis regulatory and tax systems, which have been blamed for enabling an illicit market to continue to thrive. The proposed changes, which will be in Newsom’s state budget proposal, come in the wake of recommendations by an independent agency that the state overhaul […]
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Cannabis companies emerge from deadly outbreak with greater focus on technology.