Two members of the U.S. House of Representatives on Tuesday unveiled a measure to end criminal penalties at the federal level for the possession of all drugs, including marijuana. The Drug Policy Reform Act, which is expected to be formally introduced in the next few days, underscores how decriminalization and legalization are advancing at the […]
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Marijuana legalization outlook: Connecticut to weigh adult use in special session as RI bill stalls
Connecticut lawmakers will tackle adult-use marijuana legalization in a special session scheduled to start this week after a state House vote was postponed during the regular session that ended June 9.
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Groups drop lawsuit challenging Montana adult-use marijuana measure
A legal challenge to voter-approved adult-use marijuana legalization in Montana has been dropped in the wake of the state Legislature weakening the measure. SAFE Montana and Wrong for Montana voluntarily abandoned their challenge, according to Missoula radio station KGVO. As a result of the legislative action, “it is our belief that the issue raised in […]
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Florida medical marijuana operators in ‘catbird seat’ after state court decision
A recent Florida Supreme Court decision plays into the hands of established medical marijuana multistate operators in the state, although it also could spur additional licenses, investment by others and acquisition activity. What remains to be seen is to what extent the currently concentrated, billion-dollar industry will become more competitive over time. The state Supreme […]
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CA county sues cannabis grower for creating ‘public nuisance’
Santa Barbara County in California filed the jurisdiction’s first nuisance lawsuit against a cannabis company after receiving eight complaints from neighbors about odors from the growing operation. The lawsuit claims that Island View Ranch and Island Breeze Farms created a “continuing public nuisance” since at least March 2019 and should be shuttered, according to the […]
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Connecticut pushes recreational marijuana legalization to special session
The Connecticut House of Representatives postponed a vote on legalizing recreational marijuana and instead will consider the issue in a special session before the end of the month, a top lawmaker said. The announcement by House Speaker Matt Ritter came as the legislative session was scheduled to adjourn later Wednesday and followed the likelihood of […]
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Marijuana MSO Vireo Health takes new name, moves into psychedelics
Minneapolis-based multistate marijuana operator Vireo Health made two strategic moves Tuesday, announcing a name change to Goodness Growth Holdings and an expansion into psychedelics. Vireo will remain the flagship brand of the company’s medical products, according to a news release timed with the firm’s Investor Day events. Some analysts see the modest-sized MSO as a […]
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Connecticut Senate passes adult-use marijuana bill; House up next
The Connecticut Senate, by a close 19-17 margin, passed a bill early Tuesday that would legalize recreational marijuana, with sales expected to begin in spring 2022.
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Texas medical marijuana operator raises $21 million in equity funding
Austin-based Texas Original Compassionate Cultivation secured $21 million in funding to boost medical marijuana production and delivery. The funding comes on the heels of state lawmakers passing a measure that expands the state’s MMJ program by modestly raising the THC limit to 1% by weight and adding cancer and post-traumatic stress disorder (PTSD) to the […]
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Marijuana legalization outlook: CT close on adult use, Louisiana OKs smokable flower
Key Connecticut lawmakers reached an agreement on a measure to legalize an adult-use market that MJBizDaily projects potentially could reach $725 million a year.
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Marijuana legalization efforts get boost from billions in MJ tax dollars
Adult-use marijuana programs are generating billions of dollars in tax revenues for state governments each year – bolstering the economic and equity case for legalization in other markets across the country as well as at the federal level. The economic argument might particularly resonate among reluctant Republican lawmakers on Capitol Hill, experts say. States with […]
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Mississippi Senate weighs in on medical cannabis legalization
Mississippi’s state Senate held a public hearing on potential medical cannabis legalization Thursday, less than a month after the state’s highest court voided a voter-approved initiative. The tenor of the discussion, however, indicated that lawmakers aren’t close to an agreement on what a medical marijuana program should look like, the Clarion Ledger in Jackson reported. […]
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