If you work in the marijuana industry in Colorado, brace yourself. The state’s Marijuana Enforcement Division (MED) has finalized a set of roughly 30 new regulations including everything from testing standards to caps on outdoor marijuana growing production. The MED took industry feedback into account when crafting the new rules, though, and the cap on […]
Read MoreLegal Hemp Harvest Underway in Kentucky
Remember that 250-pound bag of imported hemp seeds customs officials detained in Kentucky earlier this year, temporarily delaying a state-approved research program? Well, some of those seeds have grown into 10-foot-tall plants that were harvested this week and are now ready to be turned into everything from textiles to U.S. flags. The current crop being […]
Read MoreWeek in Review: 2016 on the Radar + Choice Words for Alaska TV Reporter & Eye-Popping Fees in MD
By Marijuana Business Media staff Efforts to legalize marijuana in 2016 heat up in several states, a television reporter’s on-air comments generate criticism, and Maryland considers lofty fees for MMJ businesses. Here’s a closer look at some of the more notable developments in the cannabis industry over the past week:
Read MoreCasino Giant Files Trademark Lawsuit Against Nevada MMJ Company
The company that runs some of the most well-known casinos in Las Vegas has filed a lawsuit in federal court against a Nevada medical cannabis company, claiming trademark infringement, cybersquatting and unfair competition. In the suit, MGM Resorts International accuses M Life Inc. – which has filed an application to open a dispensary in Las […]
Read MoreNo Bankruptcy Protection for Cannabis Companies, Judges Rule
Marijuana businesses across the country, take heed: If your venture doesn’t pan out, don’t count on bankruptcy laws to help you out. According to a report in The Denver Post, at least four marijuana companies have had their bankruptcy claims thrown out by judges who have ruled that the entrepreneurs aren’t entitled to federal bankruptcy […]
Read MoreAttorney General Holder Questions Marijuana’s Classification
U.S. Attorney General Eric Holder, who is resigning from his post later this year, suggested in an interview with Katie Couric that it’s time for the federal government to consider reclassifying marijuana. Reclassification could further open the door for medical and recreational marijuana legalization and the cannabis industry in general, though by how much is […]
Read MorePennsylvania MMJ Bill Clears Senate, but Challenges Remain
Though a bill to legalize medical marijuana in Pennsylvania won overwhelming support in the state Senate this week, it seems unlikely to become law this year given two major hurdles. First, Gov. Tom Corbett has been very outspoken against marijuana legalization, and a spokesman for Corbett said on Wednesday that the Senate vote did not […]
Read More369 MMJ Business Applications Submitted in Illinois
Illinois received 369 applications from entrepreneurs seeking licenses to open medical marijuana businesses, according to a preliminary count released Wednesday afternoon. That includes 158 applications to the Illinois Department of Agriculture for marijuana grow centers and 211 applications to the Department of Financial and Professional Regulation for dispensaries. The totals are much higher than the […]
Read MoreBogus Texas Marijuana Legalization Story Dupes Thousands
A fake news site duped thousands of online readers into believing – at least for a short while – that the deep red state of Texas had legalized marijuana use. The article on Newsbuzzdaily.com – titled “Texas to Permit Medicinal and Recreational Marijuana Use!” – sent the Twittersphere buzzing and garnered thousands of Facebook “likes” […]
Read MoreBig Money Flowing Into Marijuana Ballot Measures From Businesses, Cannabis Execs
By John Schroyer Companies and investors have been throwing big bucks at the American political system for generations, pumping money into initiatives that will help their business prospects. But this hasn’t been the case when it comes to cannabis, where businesses have largely steered clear of providing financial support to legalization campaigns for one reason […]
Read MoreMaryland Weighs $125K Fee for Cultivators, $40K for Dispensaries
A Maryland commission has proposed charging annual fees of $125,000 a year for cultivators and $40,000 for dispensaries – on top of up to $6,000 just to apply for a license. Commission members acknowledged that the numbers might price out mom-and-pop businesses from the industry. But they still need to figure out a way to […]
Read MoreMMJ Sales Commence in Connecticut
Connecticut’s first two medical marijuana dispensaries have formally opened their doors to customers, ending a nearly two-year wait for patients. The Healing Corner in Bristol and Arrow Alternative Care in Hartford received their first shipments of cannabis – including pre-rolled joints, raw flowers and tablets that can be used in vaporizers – on Monday from […]
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