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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.

Product shortages, rising prices hit Arkansas medical marijuana market

A leading Arkansas medical marijuana dispensary says it’s facing a product shortage that can be resolved only by additional cultivation capacity. Dragan Vicentic, owner of Green Springs medical marijuana dispensary in Hot Springs, the leading MMJ seller in the state, told Little Rock TV station KATV that the shortage has been increasing since June. He […]

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Cannabis product testing lab in Oregon forced to halt operations

Oregon regulators suspended the license of a marijuana testing lab for a series of violations, most of which predate the facility’s destruction earlier this month by the Almeda wildfire. The order by the Oregon Liquor Control Commission (OLCC) bans Ecotest Labs from operating until further notice, saying the operation poses a “serious danger to the […]

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Cannabis MSO Acreage raises $33M, partly to pay off higher-interest debt

Multistate marijuana operator Acreage Holdings said it raised $33 million in debt, a development that shows an easing of a credit crunch facing the company. The three-year loan with an unidentified institutional lender is unsecured and at a 7.5% annual interest rate, the New York-based company said in a news release. By comparison, Acreage, which […]

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Federal agency sues Maryland medical marijuana firm over sexual harassment

A Maryland medical marijuana operator has been charged with violating federal law by subjecting several dispensary employees to sexual harassment, a potentially costly problem for mainstream businesses that could impact the cannabis workplace. The U.S. Equal Employment Opportunity Commission filed the lawsuit last week in U.S. District Court against Maryland Health Management, doing business as […]

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Utah medical cannabis sales, patients surpassing projections

Utah’s 6-month-old medical cannabis program has far exceeded sales and patient enrollment projections – sparking product shortages that are boosting business opportunities for licensed cultivators. The state already has hit the 10,000 milestone for registered patients, six months ahead of projections, state officials told the Deseret News in Salt Lake City. “I don’t think that […]

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Adult-use marijuana legalization in New Jersey expected to ignite domino effect

Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November. A recreational marijuana industry in New Jersey itself – with a population of nearly 9 million people – would reach $850 million-$950 million in sales a year by 2024, according to a Marijuana Business Daily […]

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Massachusetts nears marijuana delivery from wholesalers

Massachusetts is just a step away from expanding its cannabis home delivery rules, a move designed to benefit social equity applicants as well as provide a second, potentially lucrative wholesale option. The Massachusetts Cannabis Control Commission on Thursday agreed on a two-license structure, with plans to finalize the regulations in October, according to the State […]

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4Front closes on sale of three Maryland medical marijuana dispensaries

Multistate cannabis operator 4Front Ventures said it has completed the sale of three medical marijuana dispensaries in Maryland for $5.5 million, as the Arizona-based company shifts its focus to adult-use markets such as in Illinois. Philadelphia-based Ethos Cannabis announced in a news release that it acquired the rights to 4Front dispensaries in Rockville, Catonsville and […]

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High Times may have lost two California marijuana leases from Harvest deal

Los Angeles-based High Times Holding apparently lost the leases on both San Francisco marijuana properties that were a key part of a much-vaunted $80 million retail acquisition from Arizona multistate operator Harvest Health & Recreation. The deal was announced in April. According to SF Weekly, a property at 5600 Geary Blvd. that High Times was […]

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Illinois marijuana retail hopefuls drop suit after getting second chance

A group of unsuccessful cannabis retail store license applicants in Illinois withdrew their legal challenge against the state after the governor announced an application do-over. “This is what we were trying to achieve,” Jonathan Loevy, a Chicago lawyer representing the 70 marijuana dispensary applicants, told the Chicago Tribune. The federal lawsuit claimed that the state’s […]

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Vermont is one step from legalizing adult-use cannabis sales

A bill that would legalize a commercial adult-use marijuana program in Vermont has been sent to the governor’s desk for his signature after the Senate passed the final version Tuesday by a resounding 23-6 margin. Gov. Phil Scott, a Republican, hasn’t said whether he’ll definitely sign the bill – or let it pass into law […]

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