Portland, Maine, has opted into the state's recreational marijuana industry with plans that call for 20 retail licenses and a scoring bonus for applicants who have been residents for at least five years. The City Council of Maine’s biggest...
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Overtime-pay issue leads CO marijuana security firm to US Supreme Court
A cannabis security company based in Colorado has petitioned the U.S. Supreme Court to review a lower-court decision requiring state-legal marijuana businesses to adhere to federal labor laws such as overtime pay.
Cost-cutting cannabis giant Acreage to take $80 million-$100 million charge
Marijuana multistate operator Acreage Holdings on Monday said it is still reducing overhead costs – including the sale of a North Dakota medical cannabis operation and undeveloped real estate in Nantucket, Massachusetts – as it seeks to improve its financial situation.
Oklahoma’s business-friendly medical cannabis program still has room to grow, experts say
Medical marijuana sales and patient numbers in Oklahoma continue to increase at a staggering rate, indicating the red-hot market has room to grow, although some sectors and parts of the state are saturated with businesses, industry officials say.
US House OKs cannabis banking in passing $3 trillion coronavirus bill
The U.S. House of Representatives late Friday passed a $3 trillion coronavirus stimulus bill that includes a provision that would allow banks to serve state-legal marijuana businesses without fear of punishment. The bill passed along partisan lines by a 208-199 margin...
Missouri bans certain medical cannabis edible shapes
Missouri lawmakers passed a bill that forbids the sale of medical cannabis edibles that could attract children and also tightens criminal background checks for those who work in the state’s MMJ industry.
Marijuana firms aim to leverage ‘essential business’ status amid COVID-19 economic slide
Cannabis businesses declared essential during the coronavirus outbreak are hoping to leverage newly allowed flexibility such as curbside pickup and home delivery into permanent ways of doing business.
Cannabis lobbying group announces leadership changes
The National Cannabis Roundtable, one of the industry's leading advocates for federal marijuana reform, appointed Cresco Labs CEO Charlie Bachtell as its new chair. Bachtell replaces Acreage Holdings CEO Kevin Murphy, who had served as chair since NCR kicked off in...
Missouri lawmakers push for more medical marijuana licenses
A group of Missouri lawmakers wants to substantially increase the number of medical cannabis business permits for the market, arguing the state imposed an arbitrary cap that resulted in a disastrous licensing round.
Cannabis banking included in House Democrats’ $3 trillion coronavirus stimulus bill
A provision that would permit banks to serve state-legal marijuana businesses without fear of federal reprisal is part of a $3 trillion coronavirus stimulus bill announced Tuesday by U.S. House Democrats. The SAFE Banking Act, which the U.S....
How coronavirus crisis is affecting marijuana launches, licensing in ME, IL, MO
COVID-19 has delayed medical and recreational cannabis launches and licensing rounds around the U.S. in the short term as state and local jurisdictions scramble to complete the tasks and paperwork necessary for marijuana programs to move forward. Marijuana Business...
Maine drops adult-use marijuana residency requirement after legal challenge
Maine regulators said they will stop enforcing recreational marijuana residency requirements, a move that came after counsel determined the state is unlikely to win a legal challenge over the matter. The Wellness Connection, the largest medical marijuana company in...
