In a positive signal for the cannabis industry, lawmakers from both parties and three government witnesses told a U.S. congressional subcommittee Wednesday the federal government urgently needs more access to research around marijuana.
Jeff Smith
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Trulieve fights short-seller report as its dominance in Florida medical cannabis market continues
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, is fending off attacks raised in a recent negative research report as competitors try to cut into the company’s nearly 50% market share in the state.
US House panel to hear marijuana reform issues
Cannabis reform is getting its first hearing in front of members of the U.S. House Energy and Commerce committee on Wednesday, but no one from the industry has been called to testify. The Subcommittee on Health of the Committee on Energy and Commerce will hold a...
Several states could legalize cannabis sales in 2020 as marijuana industry eyes lucrative East Coast market
Up to a dozen states could legalize adult-use or medical marijuana in 2020 through their legislatures or ballot measures, although only about a handful will likely do so.
California gov moves to simplify cannabis regulatory, tax systems
California Gov. Gavin Newsom's administration on Friday announced plans to simplify the state's cannabis regulatory and tax systems, which have been blamed for enabling an illicit market to continue to thrive. The proposed changes, which will be in Newsom's state...
Medical marijuana makes ballot in Mississippi
A business-friendly medical cannabis initiative has qualified for the November ballot in Mississippi. The constitutional amendment, put forth by Mississippians for Compassionate Care, would prohibit the state from limiting the number of business licenses or setting...
High Times changes CEOs again as iconic cannabis brand seeks profitability
Hightimes Holding Corp. has reshuffled its chief executives, the latest development in the saga of a 46-year-old magazine publisher struggling to evolve into a mainstream, diversified cannabis company.
Florida group trying to legalize adult-use cannabis sues over ballot process
The group seeking to put an initiative on the 2020 ballot in Florida to legalize recreational marijuana, has sued the state in an effort to get more time to submit signatures. The group, Make it Legal Florida, alleges in a 57-page complaint...
Banking on Reform
Congress makes progress on banking reform legislation, but odds of passage in the Senate are up in the air Will 2020 be the year when Uncle Sam makes it easier for cannabis-related companies to do business with banks and credit unions? Perhaps. But marijuana industry...
Colorado ushers in 2020 with new marijuana market opportunities
Potential sales-boosting marijuana laws go into effect in Colorado this week that will permit home delivery of medical marijuana and on-site cannabis consumption, contingent on local approvals.
Cannabis payment provider allegedly owes millions to MJ retailers
Linx Card, which touts itself as a "primary provider" of debit merchant services to marijuana retail stores, has faced a flurry of lawsuits in recent months from cannabis businesses that allege the California firm owes them millions of dollars. Linx includes a...
MassRoots’ cannabis website back up, but financial status still uncertain
The website for cannabis technology company MassRoots is back online, but questions linger about the Denver company’s financial condition. MassRoots' website was down for a number of days in early December, and the company - which is a month...
