Illinois officials identified areas where applicants who want to legally grow and sell recreational cannabis would get preference under the law's social equity provision, one that some believe could become a national blueprint for other MJ programs. The map was...
A Connecticut physicians panel recommended adding chronic pain that has lasted at least six months as a qualifying condition to use medical cannabis, which, if adopted, could provide a significant shot in the arm to the fast-growing market. The board of physicians...
The legalization of adult-use marijuana in Pennsylvania - which likely could create a market worth more than a billion dollars a year according to Marijuana Business Daily estimates - received another boost as the state's top law enforcement officer tweeted that he is...
A credit union serving Oklahoma's medical marijuana industry decided to stop doing so, a move that affects nine accounts and deals a setback for the state's MMJ companies. Tulsa-based Encentus Federal Credit Union told the Tulsa World that serving the MMJ industry was...
The chair of a key U.S. Senate panel is optimistic about the prospects for a cannabis banking bill following bipartisan approval of legislation in the House. Such a bill, if it passes the Senate and is signed into law, would open up the banking floodgates for...
Maryland medical marijuana regulators put plans to award an additional four cultivation and 10 processing licenses on hold, in wake of a judge's temporary restraining order barring the state from issuing licenses until Oct. 7. The Maryland Medical Cannabis Commission...
Utah would charge medical marijuana dispensaries between $50,000 and $69,500 each year in operating fees under a proposal state officials are considering - placing an unexpectedly high financial burden on future MMJ businesses. An executive...
Pennsylvania Gov. Tom Wolf is now in favor of legalizing marijuana for recreational use, which, if his efforts are successful, could potentially create a $1 billion-plus adult-use market in the state of 12 million people. Wolf says that that most of the state's...
In a landmark move, U.S. House lawmakers on Wednesday approved overwhelmingly by a 321-103 vote legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of federal reprisal....
The chair of the House Judiciary panel said he is committed to working to advance a comprehensive marijuana bill including social and criminal justice provisions. Rep. Jerrold Nadler, a Democrat from New York, made the statement on the eve of a scheduled full House...
The multibillion-dollar U.S. cannabis industry is poised to cross a historic threshold Wednesday with a scheduled U.S. House vote on a bill that would permit financial institutions to serve state-legal marijuana businesses without fear of federal punishment. The vote...
Utah Gov. Gary Herbert, as expected, signed a bill that will increase the number of medical marijuana dispensaries from seven to 14, with additional growth possible depending on market demand. Utah legislators unanimously passed the legislation during a recent special...
