In an early and limited test of Congress’ attitudes toward marijuana under new House Speaker Kevin McCarthy, sweeping changes to Washington DC’s medical cannabis regulations are heading to Capitol Hill for federal lawmakers’ final approval this month.
A federal judge rejected New York’s effort to toss a lawsuit that’s been delaying the opening of recreational marijuana stores across the state, including in Brooklyn.
A Republican U.S. representative from Florida reintroduced legislation that would reclassify marijuana under federal law.
A federal appeals court affirmed that the U.S. Constitution does not protect Colorado medical marijuana dispensary Standing Akimbo from IRS requests to see the company’s business records.
Flow Cannabis Co., the California operator that raised nearly $200 million in a bid to become “the Whole Foods of cannabis,” has “eliminated” all plant-touching activities and “mothballed” operations after running out of cash, according to company documents and a board member.
A first-of-its kind $200 million social equity fund in New York that’s been promised to qualified marijuana entrepreneurs is still awaiting its first investment that would help bankroll the effort, fund managers told MJBizDaily.
Legal medical cannabis sales in Georgia could begin before the end of the year after state regulators signed off on rules governing the state’s low-THC marijuana oil program.
New York state regulators on Wednesday awarded another 30 licenses to operate recreational marijuana stores, though a pending lawsuit is still blocking adult-use retail in key locations across the state.
As many as 1,400 unlicensed stores are selling marijuana products in New York City, the result of a “rapid and unchecked expansion” of an illicit market that jeopardizes the state’s slowly evolving adult-use market.
On his first full day in office, Maryland Gov. Wes Moore directed the state to spend $46.5 million to set up the recently legalized state’s adult-use cannabis marketplace.
Florida-based multistate operator Trulieve Cannabis contributed another $5 million late last year toward a 2024 ballot initiative that would legalize adult-use marijuana in the state.
At least four states – Minnesota, Ohio, Oklahoma and Pennsylvania – have a good chance to legalize adult-use marijuana in 2023, observers and interested parties told MJBizDaily.
