EMAIL: [email protected]
PHONE: 720.213.5854

Jeff Smith

Jeff is an award-winning business journalist who has worked as a reporter and editor for daily newspapers in Colorado, Maine, New Mexico and Alabama. He also has worked as a journalist overseas in Asia and West Africa. His stories have appeared in National Geographic online and The New York Times, among other publications.

Virginia governor vows to press for adult-use marijuana program

Virginia’s governor said he plans to push for legalizing an adult-use marijuana market during the 2021 state legislative session. Gov. Ralph Northam’s comments came Monday, the Associated Press reported, on the heels of voters in New Jersey approving a referendum to develop a recreational market. “Legalizing marijuana will happen in Virginia,” said Northam, a Democrat. […]

Read More

Harvest Health sells Arkansas medical marijuana operation for $25 million

Multistate marijuana operator Harvest Health & Recreation said it has completed the sale of its Arkansas medical marijuana operations for $25 million, a move to allow the company to focus on markets such as Arizona. Arizona-based Harvest Health said it netted $12.9 million in cash from the sale of Natural State Wellness, a vertical operation. […]

Read More

Rescoring of retail marijuana licenses in Illinois allowed to proceed

An Illinois judge rejected a request to stop state regulators from rescoring retail marijuana license applications, moving a seemingly never-ending saga closer to resolution. The ruling allows Illinois to go forward with a licensing do-over that Gov. J.B. Pritzker hopes will remedy complaints about the process to award 75 recreational retail licenses. Sangamon County Judge […]

Read More

Montana starts to gear up for $200M adult-use cannabis market

Montana regulators say they are beginning the process to make adult-use cannabis cultivation and sale licenses available by Oct. 1, 2021. “There’s a lot of work ahead before the first legal sale of nonmedical marijuana in Montana and before the first license is issued,” Gene Walborn, director of the Montana Department of Revenue, told Missoula […]

Read More

Marijuana regulators across US to share best practices, offer advice

Marijuana regulators from 19 states have established a nonpartisan organization to share best practices and industry knowledge. The Cannabis Regulators Association (CANNRA) also will assist federal, state and local authorities that have approved or are considering legalization, according to a news release. Government groups that share knowledge and best practices are common, such as the […]

Read More

Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. (The graphic above has been corrected to reflect that Acreage Holdings has a cultivation/processing operation in Pennsylvania but no retail locations and that Harvest Health & Recreation has […]

Read More

Pennsylvania medical cannabis operator raises $22M for expansion

Pennsylvania-based Organic Remedies plans to build out a 240,000-square-foot cultivation and processing facility in the state and three additional medical marijuana dispensaries thanks to a $22 million raise. The financing reflects how capital continues to become more plentiful in the marijuana industry after some tight times. Florida-based Advanced Flower Capital, also known as AFC Gamma, […]

Read More

Private multistate marijuana giants Verano and AltMed to merge, creating 14-state operator

On Thursday, Nov. 12, get insights on cannabis investing and what the post-election investment climate looks like during MJBizCon’s Passholder Days. Marijuana multistate operator Verano Holdings on Wednesday announced a definitive agreement to acquire Florida-based Alternative Medical Enterprises (AltMed) for an undisclosed price, creating one of the largest cannabis companies in the U.S. with 44 […]

Read More

Denver medical cannabis dispensary takes 280E appeal to Supreme Court

A Colorado medical cannabis dispensary is asking the U.S. Supreme Court to review a lower-court decision that allowed the IRS to obtain business records in order to apply the onerous 280E provision of the tax code. The filing this week is a long shot, but it’s the last legal avenue for Denver-based Standing Akimbo, which […]

Read More