Terra Tech, a California-based cannabis operator, agreed to pay $6.3 million to settle a lawsuit that alleged the company siphoned money from a Nevada dispensary for its other ventures. The February settlement, reported Thursday by the Reno...
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Delaware recreational cannabis bill clears first obstacle
A bill to legalize recreational marijuana in Delaware cleared its first legislative hurdle, with the House Revenue and Finance Committee voting to advance the measure for consideration by the full House. The legislation calls for initial authorization of 50...
Domino effect? Illinois marijuana legalization could spur other states to do same
Illinois, the nation's first state to legalize commercial recreational marijuana through its Legislature, may spark similar legalization efforts elsewhere in the country - and could serve as a blueprint for others, according to industry executives. That could open the...
Louisiana Senate reverses course, supports medical marijuana inhalers
Louisiana senators revived a proposal to allow medical cannabis patients to use inhalers, only two days after rejecting the idea. The measure, if enacted into law, could spark additional MMJ sales in Louisiana. The state Senate on Monday...
Cannabis banking protections provided in congressional spending bill
Banks that serve lawful marijuana businesses would be protected from a crackdown by financial regulators such as the U.S. Department of Treasury under a provision in a draft congressional spending bill. The House Financial Services and General Government subcommittee...
Alabama lawmakers OK panel to study medical cannabis legalization
Alabama lawmakers voted to create a medical marijuana commission that will make recommendations for a bill they might consider in the 2020 legislative session. The measure was a compromise after an original MMJ proposal hit opposition in the state House of...
Louisiana Senate votes against medical marijuana inhaler provision
Louisiana lawmakers rejected a provision that would let medical cannabis patients use inhalers, which could have provided some additional sales opportunities for MMJ businesses in the state. The Louisiana House had overwhelmingly agreed to the...
New Jersey to greatly expand medical marijuana program with up to 108 new licenses
New Jersey on Monday announced a plan to issue up to 108 additional medical marijuana licenses, an exponential increase that would significantly boost business opportunities in the once highly restricted program. To date, the state has issued only 12 vertically...
In landmark move, Illinois lawmakers approve adult-use cannabis program that could hit $2 billion in sales
Illinois on Friday became the country’s first state to legalize recreational marijuana cultivation and sales through its Legislature, a landmark move that paves the way for the creation of one of the nation’s largest adult-use cannabis markets offering “huge” business opportunities.
Arizona law firm ordered to pay $150K for meritless marijuana suit
Arizona’s highest court has concurred that a Phoenix law firm must pay roughly $150,000 in legal fees for filing a frivolous lawsuit against the town of Snowflake and Copperstate Farms, a large medical cannabis grower. The suit challenged...
New Jersey cannabis firms make pivot to medical as adult-use prospects fade – for now
Prospective businesses laid the groundwork in anticipation that lawmakers would legalize the recreational use of marijuana in New Jersey. They scouted locations, talked with municipal officials and worked with consultants. Some even secured real estate. But with a...
Illinois Senate approves adult-use cannabis industry
The Illinois Senate passed a recreational marijuana sales and taxation measure by a vote of 38-17 on Wednesday night. The amended measure now goes to the state House for consideration. Lawmakers must act before the legislative session ends...
