Marijuana legalization advocates have had mixed success so far this year in statehouses across the country.
They’ve scored legislative victories in Rhode Island, Mississippi and Maryland, laying the groundwork for hundreds of millions of dollars in combined sales for recreational and medical cannabis companies in those states.
Florida regulators received a dozen applications and some confusion over a lucrative vertically integrated medical cannabis license reserved for a Black farmer.
New Jersey regulators fined five marijuana multistate operators a total of $360,000 for allegedly making nearly 3,200 adult-use sales in April during hours that were to be set aside for medical cannabis patients.
More than 37,000 applications have been entered into lotteries for an initial round of 56 adult-use marijuana licenses in Connecticut, including 23,487 applications for 28 social equity licenses.
A measure to legalize medical marijuana in North Carolina has only a small chance of passing the Republican-controlled state House before the Legislature adjourns next month.
Louisiana’s governor signed several bills over the past week that will bolster the state’s medical marijuana industry by allowing more dispensaries and enabling out-of-state residents to buy MMJ.
A cannabis investor sued Florida regulators for allegedly approving a request by private equity firm Gotham Green Partners to have ownership positions in two vertically integrated medical marijuana licenses in the state.
A Pennsylvania judge ruled that medical marijuana operators can resume selling vape products that were recalled four months ago, a major win for the state’s MMJ businesses.
Employees at a Green Thumb Industries’ Rise marijuana store in Joliet, Illinois, voted to join Teamsters Local 777.
Bright Green Corp. made history last month as the first plant-touching marijuana business to trade on a major U.S. stock exchange, and its market value soared as a result – to $9 billion at one point.
But the Florida-based company’s shares have since plunged on the Nasdaq, from nearly $60 to the low single digits.
Backers of a medical marijuana referendum in Nebraska won an initial court battle that could pave the way for the measure to reach the ballot this fall.
Maryland voters are expected to pass an adult-use cannabis legalization referendum in November, but industry officials are concerned the commercial market might not launch until 2025.
