The marijuana industry has spent about $2 million so far this year lobbying for federal cannabis reform in Washington DC, and more than half that money has come from individual MJ-related companies.
Jeff Smith
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New Hampshire medical marijuana market plagued by slow patient processing
New Hampshire’s small, highly regulated medical cannabis market is being hampered by delays in registering patients, according to a new report. Virtually all qualified patients don’t receive their cards to purchase MMJ within the mandated five-day period, according to...
Competition heated for Missouri medical cannabis dispensary licenses
The race among medical cannabis business applicants in Missouri for growers and dispensary licenses is fierce, state figures show. The data shows that more than half the 2,100-plus medical cannabis business applicants are seeking dispensary licenses. Here are the...
Nevada marijuana sales rise to $639 million in fiscal 2019
Cannabis sales in Nevada hit $639 million in its latest fiscal year, a 20% jump over sales of $530 million for the same period a year ago, providing the latest sign of the strength of the state's MJ market. About 80% of the sales in the fiscal year ended June 30 are...
Florida governor asks state Supreme Court to decide cannabis licensing issue
The Florida governor’s office, as expected, asked the state Supreme Court to rule on whether the medical cannabis program’s vertical integration requirement for MMJ businesses is unconstitutional and should be opened up to new licensing opportunities.
Local recreational marijuana bans in Michigan could hurt legal sales
Nearly 40% of Michigan communities that approved a recreational cannabis ballot measure last year introduced local bans that prohibit retail sales, putting a possible damper on the adult-use market when it launches next year. Michigan's Marijuana Regulatory Agency...
Illinois licenses first five adult-use marijuana retailers
Illinois awarded its first licenses to businesses that can sell recreational cannabis when it becomes legal in the state next year.
Nevada judge gives OK for more retail cannabis stores to open
More than a dozen new dispensaries could open in Nevada's booming retail marijuana market in the coming weeks after a judge gave the go-ahead Thursday to companies that underwent background checks and won licenses. State marijuana regulators...
Judge: New Mexico must issue medical marijuana cards to nonresidents
A district judge in New Mexico made a final ruling ordering regulators to issue medical cannabis patient cards to qualifying out-of-state residents, but the governor's office said it will appeal. The ruling, if it stands, would inject additional sales into the market....
Maine’s largest medical marijuana firm at heart of business dispute
Maine's biggest medical cannabis operator is trying to end its relationship with a company behind its fast-growing edibles operation. Wellness Connection, based in Portland, Maine, contends CanWell of Rhode Island is to blame for $14 million in losses caused by low...
Constellation expects $54 million loss from marijuana giant Canopy Growth
Alcohol giant Constellation Brands said it expects to report a $54.3 million loss in its quarter ending Saturday related to its stake in Canadian cannabis producer Canopy Growth. The six-month loss ending Saturday attributed to the investment in Smiths Falls,...
Multistate marijuana company Curaleaf posts higher revenues, losses
Curaleaf Holdings, a multistate cannabis operator, reported revenue of $48.5 million in the second quarter, more than triple the $14.6 million in revenue during the same period of 2018. The Massachusetts-based company lost $24.4 million in the quarter, ending June 30,...
