Marijuana industry officials sharply criticized President Joe Biden’s proposed $5.8 trillion budget, which maintains a ban on adult-use cannabis sales in Washington DC despite strong public support for the program.
Jeff Smith
Jeff Smith's Latest Posts
Cresco’s marijuana asset sales could hit $500 million after Columbia Care deal, analysts say
Cresco Labs is expected to sell off $250 million-$500 million worth of marijuana cultivation and retail licenses largely to meet state license limits as part of its planned $2 billion acquisition of rival Columbia Care.
$1B in municipal marijuana bonds could fund New York equity goals, expert says
A municipal marijuana bond offering of up to $1 billion is among the recommendations to New York regulators on how they can leverage resources to help equity entrepreneurs start and build recreational cannabis businesses.
Hopes fade in Kentucky for legalizing medical marijuana this year
Medical marijuana legalization in Kentucky appears dead for the 2022 legislative session.
New Jersey regulators balk at approving adult-use cannabis sales – yet
New Jersey regulators on Thursday declined to give the OK to any existing medical marijuana operators to begin selling adult-use products, saying the companies haven’t yet met all the requirements to do so.
Full US House poised to vote on federal marijuana legalization again
The U.S. House of Representatives might vote as soon as next week on a comprehensive marijuana legalization bill, but the vote would be largely symbolic unless the Senate were to follow suit.
Arizona marijuana sales dip 10% in January
Marijuana sales in Arizona declined in January to $115 million, the lowest total in the state since February 2021 – the first full month of recreational sales.
New Mexico set to launch $400 million adult-use marijuana market likely to attract Texans
New Mexico is set to roll out the nation’s newest adult-use marijuana market on April 1, with a focus on providing plentiful opportunities to small local businesses in the first state to establish an adult-use industry next to Texas.
South Dakota governor signs bills that add some medical cannabis restrictions
South Dakota Gov. Kristi Noem signed six medical marijuana and hemp bills into law, some of which make the MMJ program more restrictive.
Kentucky House passes medical marijuana bill; Senate vote is next
The Kentucky House of Representatives passed a restrictive medical marijuana bill by a vote of 59-34.
The measure, approved Thursday, now goes to the Republican-controlled Senate, where passage is less certain.
White males top Nevada’s marijuana industry, but women make gains
Males, especially white males, continue to control the upper echelons of Nevada’s marijuana industry, but females made some strides in the owner-manager category in the past year.
Illinois pitches simplified approach to remove marijuana retail equity barriers
Illinois’ governor is proposing a simplified retail recreational marijuana application process with a low $250 fee in efforts to remove barriers for minorities affected by the war on drugs and for other social equity applicants.
