The postponement of a U.S. House vote until after the November election to remove marijuana from the federal Controlled Substances Act is a disappointment to many in the industry, but it changes little in terms of the momentum of reform. That is, as long as the House...
Iowa regulators awarded medical marijuana dispensary licenses to operators in Iowa City and Council Bluffs to replace two outlets that closed in March.
Multistate marijuana operator MedMen Enterprises has raised roughly $20 million of financing, with $11.7 million committed now, in a series of complex transactions with existing lenders and institutional investors. The Los Angeles-based...
A bill to remove marijuana from the Controlled Substances Act and thereby legalize the plant federally won’t be voted on by the U.S. House next week or before the Nov. 3 election.
The counsel for the Democratic legislative caucus in Missouri alleges that state medical marijuana regulators obstructed an investigation into the MMJ program by withholding critical information during hearings earlier this year. Casey Millburg, caucus counsel, wrote...
A second round of multistate marijuana operators are rapidly expanding their geographic footprints, taking advantage of acquisition and licensing opportunities as well as their ability to raise financing. The companies appear to be trying to follow in the footsteps of...
Holistic Industries, a Maryland-based multistate cannabis operator, said it raised $35 million in debt financing to fund cultivation and processing build-outs as well as new licensing and distressed asset opportunities. The funding round was led by Virginia-based...
Activists in Utah plan to drop a lawsuit challenging the state Legislature's action to replace a citizen ballot initiative to legalize medical marijuana with a more restrictive measure. Together for Responsible Use and Cannabis Education (TRUCE) and the Epilepsy...
South Dakota could become the first state in the nation to simultaneously legalize medical and adult-use marijuana in November.
Wildfires in the West have devastated a number of marijuana farms in Oregon, Washington state and California, while an early freeze hit Colorado, threatening outdoor marijuana and hemp cultivation. MJBizDaily takeaway: It's too early to attach a dollar figure to the...
Edibles are hitting the medical cannabis dispensary shelves in Florida, launching a new market segment that could generate up to $250 million in sales in the first full year. Tallahassee-based Trulieve, the state’s dominant medical cannabis operator, was first out of...
Iowa medical cannabis regulators are opening up a license for a second cultivator/processor to replace multistate operator Acreage Holdings, which dropped out of the market earlier this year. The license could be critical for the 2-year-old program, which is...
