Since launching 1½ years ago, Michigan’s recreational marijuana program offers attractive market opportunities because of its large population, rapid sales growth, additional licenses and relatively affordable acquisition deals.
Jeff Smith
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PA court: Medical cannabis regulators must handle application redactions
Pennsylvania medical cannabis regulators can’t turn over the responsibility of redacting sensitive information from license applications even if the work is a burden, the state’s highest court ruled. According to The Associated Press, the state Supreme Court affirmed...
Cannabis tech firm MassRoots, hedge fund in legal tangle over stock claim
Cannabis social media platform MassRoots, which recently announced a deal to merge with a metal-recycling firm, is trying to fend off a $12 million arbitration claim by an investment fund. Iroquois Master Fund, a hedge fund operated by Iroquois Capital Management of...
Cannabis sector shows resiliency during short COVID-19 recession
The economic recession in the U.S. caused by the COVID-19 pandemic in 2020 was deep but lasted only two months, according to one of the most authoritative groups on the topic. The National Bureau of Economic Research said this week that the...
Illinois faces legal challenge to latest marijuana social equity licensing plan
A Michigan-based cannabis company is trying to stop Illinois’ already long-delayed process for issuing additional retail recreational marijuana licenses.
Curaleaf violated labor law in MA cannabis union case, judge says
U.S. cannabis multistate giant Curaleaf engaged in unfair labor practices by “implicitly” promising certain retail store workers in Massachusetts increased benefits and better employment conditions if they didn’t support unionization, a labor court judge ruled.
New Oregon law reduces regulatory burdens for cannabis businesses
Oregon relaxed some of its cannabis regulations that industry officials said were limiting business growth, hurting licensees and threatening the economic viability of the state's $1 billion-plus industry. Most of the provisions of recently enacted Senate Bill 408...
Marijuana industry scores $5 billion worth of legalization wins in 2021 via state legislators
2021 is shaping up to be a record year for legislative-driven recreational marijuana legalization – and cannabis industry executives and advocates have lawmakers and governors in four states to thank for that.
Long-awaited US Senate marijuana reform bill unveiled, but measure faces long climb
Senate Majority Leader Chuck Schumer on Wednesday unveiled the draft of a comprehensive marijuana reform bill that would legalize the plant federally by removing it from the Controlled Substances Act while letting states continue to decide whether to prohibit or allow...
California governor signs off on marijuana regulatory overhaul bill
California Gov. Gavin Newsom signed into law legislation to consolidate the state's three marijuana programs under a single department as part of an effort to simplify regulatory oversight and improve licensing access. The so-called...
Senate Majority Leader Schumer poised to unveil marijuana reform bill
Senate Majority Leader Chuck Schumer reportedly on Wednesday will release a "discussion draft" of a long-awaited marijuana reform bill. The measure is expected to: Remove the plant from the federal Controlled Substances Act. Impose a federal...
Husband of marijuana MSO Trulieve CEO faces trial on bribery charges
The husband of marijuana multistate operator Trulieve CEO Kim Rivers is on trial in Florida this week on federal bribery and corruption charges stemming from a four-year investigation of his real estate development activities. John Thomas “J.T.” Burnette and Rivers...
