Mississippi is one step from legalizing a medical marijuana market after the state Senate and House both approved an amended bill by an overwhelming margin Wednesday.
Jeff Smith
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Multistate operator to acquire California cannabis extraction firm for $120 million
Canada-based Icanic Brands, which offers its cannabis products in California and Nevada, entered into a definitive agreement to acquire a California extraction company for $120 million.
Arkansas voters could see 3 recreational marijuana initiatives on ballot
A third group has filed a ballot initiative seeking to legalize recreational marijuana in Arkansas.
MedMen lawsuit claims NY gov’s office improperly pushed for cannabis sale
MedMen Enterprises alleges in a lawsuit that New York Gov. Kathy Hochul’s administration tried to force the marijuana multistate operator out of the state’s market.
North Dakota recreational marijuana measure fails to qualify for ballot
One effort to place a recreational marijuana initiative on the North Dakota ballot in November has failed, but a separate drive is being contemplated.
Oklahoma lawmaker seeks medical marijuana license moratorium
A legislator in Oklahoma is proposing a measure to place a moratorium on new medical marijuana licenses until regulators can confirm that existing operators are in full compliance with the law.
Washington state marijuana industry robust, but challenges remain 10 years after legalization
Ten years after Washington voters approved one of the nation’s first recreational marijuana programs, the state’s cannabis industry has become among the country’s largest, with annual sales of roughly $1.5 billion and more than 11,000 employees.
Rhode Island governor renews push for recreational marijuana legalization
Rhode Island Gov. Dan McKee, as expected, is pushing again for recreational marijuana to be legalized this year.
Oklahoma lawmaker seeks to exert local control over medical marijuana growers
An Oklahoma lawmaker filed a bill to try to increase local control over and thus curb the number of medical marijuana growers in what is arguably the most wide-open MMJ market in the country.
Mississippi poised to legalize medical cannabis after House passage
Mississippi is on the verge of legalizing a commercial medical cannabis program after the state House of Representatives on Wednesday voted 104-14 in favor of a bill to launch an MMJ program.
Silver Spike aims to raise $125 million for cannabis loans, investments
Silver Spike Investment Corp. announced plans to raise $125 million through an initial public stock offering and use the proceeds to make loans or equity investments in “middle-market” cannabis companies.
Key hearing begins in $600 million lawsuit against marijuana MSO Acreage
A New York state judge started hearing a case Tuesday on whether a Syracuse investor group can proceed with a $600 million lawsuit against marijuana multistate operator Acreage Holdings and others over a medical cannabis license.
