Jeff Smith

California cannabis industry heavyweights file lawsuit in response to federal suit filing

Three former executives claim in a new lawsuit that prominent California marijuana consultant Avis Bulbulyan is a “talented prevaricator” whose “entire professional image is built on a carefully manufactured foundation of deceptions.” The suit, filed last week by Lance Ott, David Yeager and Steve Baghoomian alleges Bulbulyan lured them to join his cannabis consultancy, SIVA […]

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Oklahoma banking officials warn banks about serving medical marijuana firms

Oklahoma banking officials are urging financial institutions to be cautious or even stay clear of the state’s nascent medical marijuana industry, dealing a potential setback to MMJ companies hoping to secure accounts with local banks or credit unions. Oklahoma banking commissioner Mick Thompson told a legislative working group that financial institutions must weigh the dangers […]

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Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp

Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]

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Illinois medical cannabis market rises as regulations loosen

The medical marijuana market in Illinois is growing, especially after the addition of MMJ as an opioid alternative – a development that, if sustained, could significantly boost sales for businesses in the state. State officials reported that MMJ card applications had reached 44,000 recently, news site Patch.com noted. That’s roughly 2,000 more than when Gov. Bruce […]

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Future medical marijuana dispensary glut in Oklahoma? Certainly looks like it

The Oklahoma Medical Marijuana Authority has received nearly 7,330 applications for patients and 600 applications for dispensary licenses, further evidence that the number of patients will be far too low to support all the state’s MMJ entrepreneurs. Here’s what the situation looks like right now: The ratio of medical marijuana patients to dispensaries would be […]

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Florida judge to state: Quit stalling approval of medical marijuana permits

A Florida judge warned the state Department of Health that it has until Oct. 19 to register new medical cannabis operators or risk being held in contempt. Friday’s scathing order by Leon County Circuit Judge Charles Dodson follows an August decision in which he ruled that the state law restricting the number of medical marijuana […]

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Week in Review: California’s cannabis social-equity move, US attorney’s marijuana threat & lawmakers’ bid for more MJ growers

California approves a law to boost participation among minorities and those less well off in the marijuana industry, Colorado’s U.S. attorney threatens to crack down on licensed cannabis businesses that divert product to the black market, and members of Congress urge the U.S. government to expand the number of cultivators allowed to grow MJ for research. […]

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Compromise reached on establishing medical marijuana program in Utah

Medical marijuana appears headed for Utah after a grand compromise was hammered out by parties involved in the contentious debate over MMJ. A medical cannabis legalization initiative still will appear on the Nov. 6 ballot in Utah. But backers, lawmakers and opponents including Drug Safe Utah and the Mormon Church have agreed on a more […]

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Massachusetts gives final OK to first two recreational cannabis shops

Massachusetts regulators issued final licenses to two recreational marijuana shop operators, a move that puts the state closer to a much-delayed program launch. The Cannabis Control Commission on Thursday voted to issue the licenses to: Cultivate Holdings in Leicester. New England Treatment Access in Northampton. Both companies operate medical marijuana dispensaries in those municipalities and […]

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Judge reinstates medical cannabis license pulled by Montana health department

A Montana district judge ruled that the state improperly revoked a Billings medical marijuana provider’s license by not giving the dispensary owner time to correct violations. Yellowstone County District Judge Don Harris reinstated Montana Organic Medical Supply owner Steven Palmer’s license this week, according to the Billings Gazette. Palmer had been a licensed provider in […]

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Phoenix City Council shoots down “ambush-style” medical marijuana tax

Phoenix’s City Council on Tuesday unanimously killed a proposed medical marijuana tax that would have cost some MMJ businesses more than $1 million a year. The proposed tax became public only last week. Mayor Thelda Williams, who acknowledged her staff had worked on the proposed tax scheme behind the scenes “for a very long time,” was […]

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Michigan gave time, now takes time from medical cannabis license applicants

After adding months to its medical marijuana licensing deadline, Michigan is now taking away 45 days with little explanation, requiring MMJ businesses to have their new state operating licenses by Oct. 31 or close. Only 19 dispensaries have been approved so far under the new, stricter regulatory regime, but state MMJ program spokesman David Harns […]

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