Investors and cannabis companies are jockeying for a stake in Arizona’s $750 million-plus marijuana market in advance of a likely adult-use legalization ballot initiative in November.
Jeff Smith
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How marijuana companies can prepare for the dawn of federal legalization
Though U.S. cannabis entrepreneurs might be skeptical that federal marijuana reform will happen anytime soon, experts say it’s not too early to prepare for that monumental event.
Massachusetts marijuana corruption trial pushed until early 2021
The trial of a former Massachusetts mayor accused of trying to extort $600,000 from at least four prospective marijuana businesses was delayed for a second time because of the coronavirus pandemic. Former Fall River Mayor Jasiel Correia now...
Rhode Island taking applications for six more medical cannabis dispensaries
Rhode Island medical cannabis regulators started accepting applications Friday for six potentially lucrative dispensary licenses, a move that will triple the number of retail outlets for the $60 million-plus market. With only three dispensaries now licensed, the state...
Marijuana operator MedMen on the hook to pay legal fees of former CFO
A California judge has ruled that MedMen Enterprises must abide by an employment contract and pay the legal fees of a former chief financial officer who sued the marijuana multistate operator. The judge ruled that the employment contract is...
Florida high court wants to hear more in medical marijuana licensing case
A court case that could open up stand-alone licensing opportunities in Florida’s vertically integrated medical marijuana market isn’t going to be decided anytime soon. In a rare move, the Florida Supreme Court - which held oral arguments on...
Metrc fights for right to charge fees to Missouri medical cannabis operators
Marijuana track-and-trace company Metrc continues its legal tangle with Missouri state officials over the right to charge “tag fees” to medical cannabis dispensaries.
Hawaii medical cannabis sales poised for lift as edibles bill passes
Hawaii lawmakers passed a bill allowing medical marijuana edibles, a move that could significantly boost the roughly $16 million-$20 million-a-year market. The legislation has been sent to the desk of Gov. David Ige, a Democrat, who has been resistant to some cannabis...
High Times marijuana stock offering delayed until audited financials are filed
Hightimes Holding Corp., owner of the iconic High Times magazine, said Friday it can’t close on its small-investor Regulation A initial public offering until its audited financials for 2019 are filed.
Massachusetts cannabis grow facility workers unionize
Employees at a cannabis cultivation facility in Massachusetts voted to unionize, a further indication that organized labor is picking up steam since the coronavirus pandemic. Workers at Mayflower Medicinals in Holliston Massachusetts, voted to join the United Food and...
Biden task force takes states-rights approach to cannabis legalization
A joint Joe Biden-Bernie Sanders task force has recommended rescheduling marijuana on a federal basis, legalizing medical marijuana nationwide and allowing states to decide about recreational cannabis. The recommendations have been submitted...
Oklahoma medical cannabis regulators won’t rush to enforce new rules
Oklahoma medical marijuana regulators won’t immediately enforce a stricter two-year residency requirement and a 1,000-foot school buffer zone rule that could put many dispensaries out of business in the fast-growing market. The state Attorney General’s Office said it...
