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Jeff Smith, Legal & Regulatory Reporter

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.

New York governor vows to make adult-use marijuana a priority

August 26, 2021

New York Gov. Kathy Hochul, who took over this week for embattled Andrew Cuomo, pledged to move forward with the state’s multibillion-dollar adult-use marijuana program as quickly as possible. “Nominating and confirming individuals with diverse experiences and subject-matter expertise, who are representative of communities from across the state, to the Cannabis Control Board is a […]

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Cresco Labs invests $40 million to triple Ohio cannabis production capacity

August 25, 2021

Chicago-based multistate operator Cresco Labs is investing $40 million to expand a cannabis cultivation and processing facility in Ohio, a fast-growing medical marijuana state with adult-use legalization on the horizon. Cresco’s project, which has been approved by local authorities, will nearly triple the size of its facility in Yellow Springs, which is part of the […]

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Canadian firm invests $20 million in Michigan ancillary marijuana company

August 24, 2021

Toronto-based Sol Global Investments entered the Michigan medical marijuana market through a $20 million investment in a company that provides financing and support services to MMJ operators in the state. Sol, a diversified investment and private equity firm that also targets high-growth marijuana markets, said it acquired 1.4 million units of Common C Holdings, a […]

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Cannabis group drops suit against Los Angeles over social equity licensing

August 23, 2021

Three cannabis companies withdrew their year-old federal lawsuit against Los Angeles over the city’s controversial social equity licensing program. ARMLA One, ARMLA Two and Gompers SocEq voluntarily dropped the suit without explanation, according to a one-page filing in U.S. District Court in central California. According to the filing, each side will pay its own legal […]

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Leafly challenges Florida’s ban of third-party online marijuana services

August 20, 2021

Leafly filed a legal challenge against Florida regulators who claim the online marijuana e-commerce company violates a state law banning third-party cannabis-dispensing services. Seattle-based Leafly argues that it doesn’t dispense marijuana products and has asked an administrative law judge to rule that the Florida Department of Health is using an “unadopted and invalid” regulation to […]

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New Jersey’s initial adult-use marijuana rules give edge to small businesses

August 19, 2021

New Jersey regulators took a key step Wednesday toward developing a billion-dollar recreational marijuana market, announcing an initial set of rules that prioritize local and minority entrepreneurs. That could help satisfy worries, reported, that most of the state’s 12 existing medical marijuana operators are owned by out-of-state interests. The development of regulations means that […]

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Scotts Miracle-Gro arm invests $3.2M in marijuana ag-tech venture

August 17, 2021

Ohio-based Scotts Miracle-Gro’s new marijuana investment subsidiary, The Hawthorne Collective, has made another deal. The Collective invested $3.2 million in Washington state-based Dewey Scientific, a fledgling ag-tech endeavor that is seeking to boost the genetic diversity of cannabis crops in the Pacific Northwest. That follows last week’s announcement that The Hawthorne Collective was making a […]

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Trulieve reiterates support of marijuana CEO amid husband’s conviction

August 17, 2021

Marijuana multistate operator Trulieve Cannabis distanced itself from the conviction of CEO Kim Rivers’ husband on five public corruption charges connected to his real estate development business. “We have consistently maintained that neither Trulieve nor our CEO are involved in the case,” Trulieve said in a Twitter post in response to J.T. Burnette’s conviction on […]

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Marijuana real estate investor NewLake closes on $100 million IPO

August 16, 2021

Connecticut-based NewLake Capital Partners, which provides real estate capital to state-licensed marijuana operators, said it closed on an initial public stock offering of more than $101 million. The offering of 3.9 million shares of stock was priced at $26 a share, according to a news release. The company expects the shares to trade on the […]

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Cannabis MSO PharmaCann plans stock offering, report says

August 16, 2021 · Updated August 17, 2021

Chicago-based cannabis multistate operator PharmaCann reportedly intends to go public in the fall with an initial stock offering that could be valued at more than $1 billion. PharmaCann, which has operations in six states in the eastern half of the U.S., has “confidentially” started the paperwork with securities regulators for an IPO with a likely […]

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Judge shoots down Maine’s medical marijuana residency rule

August 13, 2021

Maine’s largest medical marijuana operator prevailed in its challenge of the state’s residency requirement. A federal judge this week ruled that it’s unconstitutional for Maine regulators to exclude out-of-state companies from operating medical cannabis dispensaries in the state. Wellness Connection of Maine, which operates four of the eight dispensaries in the state, and its parent […]

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