U.S. Senate Banking Chair Michael Crapo, an Idaho Republican, laid the foundation for his own version of cannabis banking reform with a potentially onerous THC potency cap when he released a statement saying he doesn’t support the Secure and Fair...
Jeff Smith
Jeff Smith's Latest Posts
Cannabis labor peace requirements expand, sometimes sparking conflict in legal marijuana markets
Unionization is spreading through the cannabis industry, spurring some companies to sign labor agreements or “peace pacts” but causing other businesses to resist labor organizers.
Is cannabis technology company MassRoots out of business? CEO insists no
Denver-based cannabis technology company MassRoots' website has been offline for a number of days, raising fresh questions about the financial health of a company that has been in turmoil since at least 2017. Isaac Dietrich, the company’s founder and chief executive...
Federal prosecutors, industry probe municipal cannabis agreements in Massachusetts
Massachusetts' mandated "host community agreements" (HCAs) between municipalities and marijuana businesses are under intense scrutiny, with cannabis companies complaining they are unfair and costly and federal prosecutors reportedly investigating their terms. The...
US House panel passes federal cannabis legalization bill in historic vote
The U.S. House Judiciary Committee on Wednesday approved a sweeping cannabis reform bill by a vote of 24-10, a milestone moment that moves the multibillion-dollar marijuana industry a step closer to federal legalization. If adopted into law, the social justice-focused...
Potential $1.7 billion adult-use cannabis market in Michigan gears up for Dec. 1 launch
Michigan’s adult-use cannabis program is expected to kick off Dec. 1 with about a dozen stores initially, setting into motion a market projected by Marijuana Business Daily to reach $1.4 billion to $1.7 billion in sales a year at maturity.
More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal
A new Florida law repealing a ban on smokable medical marijuana products has given the state’s MMJ market a shot in the arm, prompting large multistate companies to aggressively expand their production, operations and retail footprints.
Michigan nets 52 adult-use marijuana applications on first day
Marijuana regulators in Michigan received 52 recreational cannabis business license applications on the first day of the application period, a modest number because most communities initially decided to opt out of the program. "With that level of municipal...
Iowa board supports adding PTSD to limited medical cannabis program
An Iowa medical marijuana board approved post-traumatic stress disorder and intellectual disability with aggression as conditions allowed to be treated by MMJ, moves that should boost the relatively small market. The Iowa Board of Medicine...
Michigan starts taking recreational marijuana applications
Michigan’s adult-use cannabis application process got off to a fast start Friday, with regulators giving “prequalification” approval to two existing medical cannabis operators before 9:30 a.m. local time. But a spokesperson for the state Marijuana Regulatory Agency...
How cannabis vape businesses can avoid legal liability
Cannabis vape manufacturers should be preparing for a long legal fight in the coming months. The biggest news in the cannabis industry for 2019 has been the vaping health scare, which has seen hundreds of people fall ill across the country and more than two dozen die...
US Senate votes to continue temporary medical cannabis protections
The U.S. Senate on Thursday approved a spending bill that includes a provision that would continue to protect state-legal medical marijuana programs from U.S. Department of Justice interference. The provision, which would be good for a year, was included for the first...
