Scrutiny of Missouri’s medical cannabis licensing recently escalated to Gov. Mike Parson’s office and a close adviser, apparently making the investigation among the first MMJ licensing probes to extend to the highest levels of state government.
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Arkansas medical cannabis dispensary wins trademark dispute against MSO
What’s in a name? Plenty, at least to a locally owned Arkansas medical cannabis dispensary pitted against a large multistate operator. Harvest Cannabis Dispensary, a family owned business licensed in the central Arkansas city of Conway, won a preliminary injunction prohibiting two facilities managed by Arizona-based MSO Harvest Health & Recreation from using the Harvest […]
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Oklahoma governor shoots down medical marijuana delivery legislation
Oklahoma’s growing medical cannabis market suffered a rare setback when Gov. Kevin Stitt vetoed a bill that would have allowed home delivery and pre-roll production and sales. The Republican-controlled Legislature passed the bill by a wide margin, so some lawmakers had hoped they could muster an override of the governor’s veto, which occurred last week. […]
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Week in Review: MA adult-use cannabis stores reopening, High Times deal unravels, Acreage ‘reset’ & more
Massachusetts recreational marijuana retail stores will be allowed to reopen May 25, but sales will be limited to curbside pickup and online or telephone orders. MJBizDaily takeaway: This ends an expensive shutdown and a sore point for rec store operators in Massachusetts, who have seen counterparts across the country generally treated as essential businesses. Gov. Charlie […]
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High Times’ deal to buy cannabis grow, processing facilities falls apart
High Times Holding Corp.’s move to expand into marijuana operations hit a snag with the collapse of a deal to buy a cultivation and processing business in California. The parent of the iconic High Times magazine said in a U.S. Securities and Exchange Commission filing that its planned acquisition of Humboldt Heritage was terminated by “mutual agreement” […]
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Maine’s largest city OKs adult-use cannabis, caps store licenses at 20
Portland, Maine, has opted into the state’s recreational marijuana industry with plans that call for 20 retail licenses and a scoring bonus for applicants who have been residents for at least five years. The City Council of Maine’s biggest city voted 8-1 to approve the proposed licensing ordinance after more than a year of deliberations, […]
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Overtime-pay issue leads CO marijuana security firm to US Supreme Court
A cannabis security company based in Colorado has petitioned the U.S. Supreme Court to review a lower-court decision requiring state-legal marijuana businesses to adhere to federal labor laws such as overtime pay. In its petition, Helix TCS argues that a ruling last September by the U.S. Court of Appeals for the 10th Circuit in Denver […]
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Cost-cutting cannabis giant Acreage to take $80 million-$100 million charge
Multistate marijuana operator Acreage Holdings on Monday said it is still reducing overhead costs – including the sale of a North Dakota medical cannabis operation and undeveloped real estate in Nantucket, Massachusetts – as it seeks to improve its financial situation. The New York-based company said in a news release that it expects to take […]
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Oklahoma’s business-friendly medical cannabis program still has room to grow, experts say
Medical marijuana sales and patient numbers in Oklahoma continue to increase at a staggering rate, indicating the red-hot market has room to grow, although some sectors and parts of the state are saturated with businesses, industry officials say. The state’s free-market approach so far has proved successful, with April sales topping $60 million. Meanwhile, regulators have […]
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US House OKs cannabis banking in passing $3 trillion coronavirus bill
The U.S. House of Representatives late Friday passed a $3 trillion coronavirus stimulus bill that includes a provision that would allow banks to serve state-legal marijuana businesses without fear of punishment. The bill passed along partisan lines by a 208-199 margin and now heads to the Senate, where it faces fierce Republican resistance. The Health […]
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Missouri bans certain medical cannabis edible shapes
Missouri lawmakers passed a bill that forbids the sale of medical cannabis edibles that could attract children and also tightens criminal background checks for those who work in the state’s MMJ industry.
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Marijuana firms aim to leverage ‘essential business’ status amid COVID-19 economic slide
Cannabis businesses declared essential during the coronavirus outbreak are hoping to leverage newly allowed flexibility such as curbside pickup and home delivery into permanent ways of doing business.
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The pandemic pivot and how cannabis companies reacted to COVID-19.