Minnesota, long one of the country’s most heavily regulated and restrictive medical cannabis markets, is poised for dramatic growth and change – with sales expected to roughly double this year and a pair of big cannabis companies entering the state.
A bill that would provide New York hemp farmers a conditional license to grow, process and distribute adult-use marijuana products is going to the governor’s desk after being passed by the state Assembly.
Arkansas state attorneys say that a medical marijuana lawsuit filed by a Black-owned company should be dismissed on the grounds that the suit was filed too late and that courts don’t have legal authority to overturn the licensing decision.
The new chief executive of cannabis multistate operator Parallel took the unusual step this week of publishing an open letter apologizing for the way the company has handled equity issues in the past while committing to work to eliminate “protectionist policies” that lead to such inequities.
The New York state Senate passed a bill that would provide hemp farmers a conditional license to grow, process and distribute marijuana flower products.
Trulieve Cannabis acquired a 64,000-square-foot cultivation facility in Phoenix for $13.75 million in cash, a move that increases the multistate operator’s massive marijuana holdings in the Arizona market.
A cannabis financial institution led by industry pioneer Sundie Seefried is on its way to going public on the Nasdaq through a $185 million merger that will give the company more money to lend to marijuana businesses.
Innovative Industrial Properties (IIP) acquired a marijuana property in New Jersey from Ascend Wellness for $35.4 million and secured a long-term lease with the company.
South Carolina’s state Senate passed a restrictive medical cannabis legalization bill by a 28-15 vote, but it’s unclear how the measure will fare in the House.
Twenty-seven states have limited-licensing schemes that lead to the lack of diversity in the marijuana industry, according to a new study on equity, underscoring a growing debate about how best to boost cannabis business participation among minorities and those affected by the war on drugs.
The Missouri Supreme Court ordered state regulators to release information about successful medical marijuana applications in cases of appeal, ending efforts by the state to keep those documents secret.
Marijuana legalization bills in various forms have been introduced in Tennessee’s state Legislature, with lawmakers beginning to feel the pressure to say yes to medical marijuana.
