Illinois legalizes adult-use cannabis, New Jersey maps a major expansion of its medical marijuana program, the U.S. Food and Drug Administration holds a landmark hearing – plus other important news from around the industry. Illinois marks a first Illinois became the first state in the country to legalize a commercial recreational market through its Legislature. […]
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Bill to limit medical cannabis THC going to full Florida House
A measure to restrict the strength of smokable medical marijuana is heading to the Florida House floor, a move that could curb retail sales of MMJ. The House Appropriations Committee approved a bill Tuesday to limit the strength of marijuana flower to 10% THC, with Republicans in favor and Democrats opposed. The vote came less […]
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California Senate approves bill to extend temporary cannabis licenses
The California Senate on Thursday moved to close a licensing gap for state marijuana growers, the latest problem to bedevil the shaky legal marketplace. Scores of cannabis cultivators have seen their temporary licenses expire before the state has been able to replace them. Companies caught in that backlog have been stranded in a legal lurch […]
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New Hampshire House passes recreational cannabis bill, sends to Senate
New Hampshire’s House approved a full-fledged adult-use marijuana legalization bill, sending the measure to the Senate for its consideration. The legislation was approved in a 200-163 vote, according to New Hampshire Public radio. House Bill 481 would tax cannabis cultivators at 5% and retailers at 9%. As originally introduced, the legislation would have imposed a […]
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New Jersey governor: Push to legalize recreational marijuana is short on votes
Days ahead of a planned vote in the Legislature that would make New Jersey the 11th state to legalize recreational marijuana, Gov. Phil Murphy said Thursday the measure is short of the votes needed to pass next week. The Democrat spoke during a news conference alongside more than a dozen supporters of the bill, including […]
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Medical marijuana regulations clear Oklahoma Senate panel
A bill to regulate Oklahoma’s booming new medical marijuana industry has cleared another legislative hurdle on its way to the governor, positioning the state to impose new regulations governing tracking, advertising and other areas. The Senate Rules Committee voted unanimously Wednesday for the measure, known as the “unity bill” because it’s supported by various factions […]
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Report: FDA chief to resign, leaving CBD review in question
Just as the CBD industry was hoping to start work next month on the cannabinoid’s place in food, drugs and cosmetics, the head of the U.S. Food and Drug Administration chief is resigning. Dr. Scott Gottlieb, who told Congress last week that CBD can’t be added to consumer products, is leaving office in April, according […]
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WV Senate approves banking fix to medical marijuana law, sends bill to governor
The West Virginia Senate has passed a bill addressing banking services for the state’s medical cannabis program, removing an obstacle that had slowed the MMJ industry’s rollout in the state. The Senate approved the bill 29-4 on Tuesday. It now goes to the governor. The bill would authorize the state to allow financial institutions, including […]
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Marijuana Business Daily appoints new editor in chief
Marijuana Business Daily has appointed Howard Burns, a longtime top editor in business-to-business journalism, as its editor in chief. The position is new for the company. Burns will oversee the entire editorial operation, including the MJBizDaily website as well as MJBizDaily International, Hemp Industry Daily, Marijuana Business Magazine and the company’s annual Marijuana Business Factbook and industry reports. He reports […]
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CBD beverage maker eyes global expansion via $85M purchase of Utah company
A Denver company that makes CBD drinks has agreed to acquire a Utah beverage company to increase its distribution might, especially in Asia. New Age Beverages Corp. (Nasdaq: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Here’s what you need to know: New Age will pay $75 million […]
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Wrigley chewing gum heir is new CEO of medical marijuana firm Surterra
Chewing gum billionaire William “Beau” Wrigley Jr. has been appointed CEO of medical marijuana company Surterra Wellness, a little more than two months after leading a $65 million funding round for the firm. Atlanta-based Surterra operates medical marijuana dispensaries and cultivation facilities in Florida as well as CBD dispensaries and grow operations in Texas. Wrigley is taking […]
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Green Thumb Industries buys Nevada cannabis business in $290 million deal
Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]
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May Issue
What's next for infused products? Manufacturers must cater to demand for CBD, rapid onset and microdosing to stay ahead.Read the Issue