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Jeff Smith

Jeff is an award-winning business journalist who has worked as a reporter and editor for daily newspapers in Colorado, Maine, New Mexico and Alabama. He also has worked as a journalist overseas in Asia and West Africa. His stories have appeared in National Geographic online and The New York Times, among other publications.

Regulators temporarily halt trading of marijuana firm iAnthus’ stock

Canadian securities regulators halted the trading of iAnthus stock for nearly four hours Wednesday as they sought information from the multistate cannabis operator about reports related to its difficult financial situation. In a news release, New York-based iAnthus attributed the trading suspension on the Canadian Securities Exchange to a request for information about online “speculative” […]

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Marijuana lobbyists focus on next big coronavirus-aid package after doling out $5 million-plus in 2019

The marijuana industry spent more than $5 million lobbying federal lawmakers on Capitol Hill in 2019 in hopes of pushing cannabis banking and other reforms past the finish line, but those efforts suddenly have been upended by the COVID-19 outbreak. Lobbyists and industry officials now are trying to persuade Congress to allow state-legal marijuana businesses […]

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Alaska puts in place 120-day cannabis curbside pickup plan

Alaska is the latest state to implement emergency rules allowing for drive-thru and curbside pickup of marijuana products, a move that is expected to bolster public health and potentially sales during the coronavirus outbreak. Business owners that abide by certain rules also are being allowed to transport marijuana products by commercial plane or boat. The emergency regulations […]

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Marijuana operator Medicine Man Technologies rebrands as Schwazze

Medicine Man Technologies, a Denver-based multistate cannabis operator, is now calling itself Schwazze, an offshoot of a proprietary marijuana pruning technique developed by the company. The name change and corporate rebranding is designed to differentiate the company and “marks the next stage of our strategic growth,” Shane Sampson, chief marketing officer, said in a news […]

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Week in Review: Canopy Growth closes cannabis grows, COVID-19 reshaping MJ business models, MA rec shops take a hit & more

Canopy Growth’s new CEO said the once high-flying marijuana giant is shuttering additional cannabis cultivation facilities in Africa, Canada, Colombia and the United States. MJBizDaily takeaway: The Canadian company’s retrenchment offers lessons for other cannabis operators with overseas aspirations: There are few federally regulated markets outside Canada that are fully functional today. Most markets, including […]

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Ruling backs MA gov’s closure of adult-use cannabis stores – but offers options

A Massachusetts judge has ruled that Gov. Charlie Baker was within his authority to shutter recreational cannabis stores during the current coronavirus crisis, disappointing an industry that is losing nearly $2 million a day because of the closures. But industry officials pledge to continue discussions with Baker’s administration about reopening the stores and noted the judge’s […]

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Montana adult-use marijuana advocates sue to collect ballot signatures digitally

Backers of a recreational marijuana legalization campaign in Montana are taking the state to court for the right to collect signatures electronically during the coronavirus crisis. The group, New Approach Montana, also is requesting that the deadline for submitting signatures be extended from June 19 to August 3, according to Helene TV station KTVH. The […]

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Maine’s adult-use marijuana launch delayed until further notice

The start of Maine’s long-awaited recreational marijuana market was officially postponed on Friday because of the coronavirus pandemic. A new timeline won’t be announced until public health experts deem it appropriate to do so, state regulators said. The postponement was expected. The Maine Office of Marijuana Policy characterized the move as postponing the “spring debut” of recreational cannabis […]

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Marijuana companies mostly shut out of $2 trillion coronavirus stimulus package

Many states have declared cannabis companies “essential businesses” during the COVID-19 pandemic and allowed them to maintain operations, but the U.S. Congress and President Donald Trump don’t appear to see the industry as fundamental. They have barred state-legal marijuana businesses and most ancillary cannabis companies from receiving grants or low-interest loans through the newly enacted […]

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Medical cannabis businesses eye potential new markets in southern US

Medical marijuana legalization efforts are advancing through several states in the southern U.S., and if successful, they promise tens of millions of dollars of opportunities for cannabis entrepreneurs searching for markets that potentially offer lower costs and fewer barriers to entry. Marijuana businesses looking to launch in the region could benefit from: Lower real estate […]

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