President-elect Joe Biden told reporters Monday he plans to identify his attorney general this week, a cabinet post that could be critical for the marijuana industry.
Jeff Smith
Jeff Smith's Latest Posts
New Jersey lawmakers agree on recreational marijuana legalization bill
Legislative leaders and New Jersey Gov. Phil Murphy said they agreed on a compromise to establish the state's recreational marijuana market, and a vote on the implementation bill is expected Dec. 17. The compromise includes these points, according to...
MJBizCon advice: Assess cannabis strategy and prepare for next crisis
The coronavirus pandemic forced the marijuana industry to “grow up” and now provides a unique opportunity for companies to reevaluate their business strategies, including retail locations, a leading industry executive said Friday at MJBizCon 2020.
US House passes historic bill to legalize marijuana at federal level, but Senate looms
In a groundbreaking vote, the U.S. House of Representatives on Friday passed a comprehensive bill that would remove marijuana from the Controlled Substances Act and end the federal government’s decades-old prohibition on the plant.
DEA asks court to toss marijuana rescheduling appeal
The U.S. Drug Enforcement Administration reiterated that a lawsuit challenging marijuana’s classification as a Schedule 1 drug under the federal Controlled Substances Act should be dismissed because of lack of jurisdiction and merit. The DEA’s assertion came in a...
Marijuana legalization opponents turn to courts to shoot down state ballot initiatives
Private citizens and public officials, sometimes joined by governors, increasingly are filing lawsuits to kill statewide marijuana legalization ballot initiatives, including some that voters approved in November.
Cannabis MSO Acreage inks $12 million loan to expand Illinois operation
Multistate cannabis operator Acreage Holdings said Wednesday it has agreed to a $12 million construction loan to complete the expansion of its cultivation and processing facility in the fast-growing Illinois market. The financing is from The Pelorus Fund, a...
Federal marijuana legalization bill takes final step toward full House vote
A U.S. House of Representatives panel on Wednesday paved the way for the full House to vote later this week on a measure to remove marijuana from the federal Controlled Substances Act.
Michigan adult-use cannabis sales exceed $400 million in first year
Adult-use cannabis sales in Michigan totaled nearly $440 million in the first full year of the program and already are on pace to nearly double in the second year.
New Jersey court tosses medical cannabis licensing issue back to state
A court ruling in New Jersey could prompt regulators to resolve some of the lingering litigation over medical cannabis licensing in advance of the launch of a recreational marijuana program in the state.
US House poised to act this week on landmark marijuana legalization bill
The U.S. House of Representative is scheduled this week to take up legislation to legalize marijuana federally, a landmark step that could mark the first time a full congressional chamber has voted to end the federal government’s MJ prohibition.
Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner
Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
