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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.

Florida’s high court upholds medical marijuana vertical licensing and caps

The Florida Supreme Court on Thursday left the state’s medical marijuana licensing system intact, deciding that a constitutional challenge to vertical integration and license caps isn’t likely to succeed on its merits and handing a defeat to small businesses hoping to break into the market. The 6-1 decision means that state regulators of Florida’s $1 […]

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Texas on verge of strengthening its medical marijuana program – a bit

The Texas Senate on Tuesday night approved a watered-down medical cannabis reform bill that would raise the THC cap from 0.5% to 1% and add all types of cancer and post-traumatic stress disorder (PTSD) as qualifying conditions. The Texas House must approve the amended bill before it is sent to Gov. Greg Abbott. The measure, […]

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DOJ official reiterates stance against marijuana firms in 280E fight

A Biden administration official has weighed in against marijuana companies a second time to the U.S. Supreme Court in cases involving Section 280E of the tax code. A brief filed Monday by acting Solicitor General Elizabeth Prelogar argues again that lower courts have been correct in ruling that state-legal marijuana businesses can be investigated by […]

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Marijuana legalization outlook: Kansas, SC fall short, but Texas reform bill alive

Time ran out this month for medical marijuana legalization bills in Kansas and South Carolina. Nevertheless, progress was made in both states, raising hopes among legalization advocates for next year. An attempt to legalize adult-use cannabis in Louisiana failed, as expected, but strides were made there, too. In Montana, state lawmakers approved an implementation bill […]

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Delaware medical cannabis market grows amid possible adult-use legalization

Delaware’s heavily regulated $30 million medical marijuana market is poised to double the number of vertically integrated operators from three to six at a time when prospects for adult-use legalization also are brightening at the state capitol. The state, which launched its MMJ market in 2014, has long had only three operators and six dispensaries […]

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New Mexico seeks to fill marijuana regulatory positions

New Mexico regulators are seeking to fill seven positions within a new marijuana oversight agency as soon as possible as the state gears up for a potential $425 million adult-use market. The available positions in the nascent Cannabis Control Division include: Director. Legal counsel. Deputy director of business operations. Licensing manager. Budget manager. Businesses operations […]

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Are marijuana megadeals on the rise?

The May 10 announcement that Florida-based Trulieve would acquire Arizona-headquartered Harvest Health & Recreation for $2.1 billion could indicate that big marijuana mergers are making a return.

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Minnesota lawmakers OK medical cannabis smokable flower

Minnesota’s Legislature approved smokable flower for medical cannabis patients, which could significantly boost sales in what has been a heavily regulated MMJ market that has only two operators. The change, effective no later than March 2022, will provide a more affordable option to customers and might financially strengthen the state’s MMJ program overall. House lawmakers […]

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Marijuana REIT announces $200 million private placement

Innovative Industrial Properties, a marijuana real estate investment trust (REIT), said it plans to raise $200 million through a private placement of senior notes for continued cannabis-related property investments. The San Diego-based company said the placement, under its IIP Operating Partnership, will grant initial purchasers of the notes a 30-day option to buy an additional […]

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Alabama governor signs medical cannabis legalization bill into law

Alabama on Monday became the latest state in the nation and second in the Deep South to legalize a medical cannabis market after Gov. Kay Ivey signed a legalization bill into law. The Republican governor’s approval of a restrictive medical marijuana market comes nearly two weeks after lawmakers passed the landmark measure. The signing took […]

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Mississippi high court voids voter-ratified medical cannabis legalization measure

The Mississippi Supreme Court on Friday struck down a medical marijuana legalization initiative that voters had overwhelmingly approved last November, shattering a market that was potentially worth more than $250 million in its first year of operation. The loss is believed to mark the first time an MMJ initiative has been overturned after residents approved […]

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