In a business-buoying flip-flop, Michigan regulators said that existing medical marijuana dispensaries can stay open while seeking a state license as long as they have been operating with the approval of their communities. State regulators had given dispensaries until...
In a move that could have important implications for the legalized marijuana industry, a New Jersey appeals court has ruled that the state should review marijuana’s classification as a Schedule 1 drug, which makes it illegal under federal law. Schedule 1 denotes...
Non-California MJ entrepreneurs can set up shop in the Golden State, but local regulations, customs and other factors can present roadblocks by Omar Sacirbey You don’t have to hail from California to get in on what will be the biggest cannabis market in the world. The...
Thousands of longtime medical marijuana business owners in California are about to undergo a major jolt as the state moves from a largely unregulated market to one governed by a new comprehensive regulatory framework.
Denver Consulting Group’s Greg Gamet predicts California’s medical marijuana industry will prosper and coexist with the state’s new adult-use industry by Omar Sacirbey California’s new medical marijuana regulatory landscape will squeeze out many existing MMJ...
Poseidon Asset Management – a San Francisco-based investment company focused on the cannabis industry – has launched a second fund with the goal of raising $100 million to $150 million from investors.
Some medical marijuana business license applicants in Arkansas have filed anonymous lawsuits charging that regulators wrongly rejected their applications and are seeking a temporary restraining order to force the state to keep their bids in the scoring pool. Such a...
By Omar Sacirbey With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among MJ entrepreneurs and a growing number of cities and states:...
Television talk-show host and medical marijuana activist Montel Williams is suing several Arizona-based companies for wrongly using his name and image in alleged CBD scams. The lawsuit, filed in U.S. District Court for the Southern District of Florida, alleges that at...
Medical marijuana companies in Massachusetts could see a hike in business once regulators implement several improvements to the state’s MMJ program. The Department of Health proposed the changes in September 2016 but delayed acting on them...
By Omar Sacirbey
Maine marijuana advocates expect Gov. Paul LePage to veto a recreational cannabis bill that’s laden with business opportunities.
But even if the bill’s proponents can muster enough support to override a veto, legalization advocates worry the Republican governor could find other ways to delay or undermine implementation.
Maine lawmakers approved a bill to regulate the state's recreational marijuana industry late Monday night that now heads to the governor, who has 10 days to sign the legislation, veto it or let it pass into law without signing it. Republican...
