Briefs

Guernsey releases marijuana regulations, licenses first business

A self-governing British Crown dependency in the English Channel updated its licensing regulations for CBD products and the cultivation of cannabis. Guernsey opened the door to medical cannabis and cannabidiol businesses last year by updating its Misuse of Drugs (Bailiwick of Guernsey) Law. Read the related updates for CBD here and here. Celebrated won the […]

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Romania considering legalization of medical cannabis

A legal medical cannabis industry could be in Romania’s future, according to the country’s finance minister. Finance Minister Eugen Teodorovici said the Health Ministry launched a commission to analyze medical marijuana, Romanian television station Digi24 reported. According to the 24-hour news station, Teodorovici said: “I’ve talked to minister Sorina Pintea and found out that this […]

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Louisiana medical cannabis grower OK’d to up production; no start date for sales

Louisiana’s agriculture department and a state-sanctioned medical marijuana grower broke through one of the key regulatory logjams keeping MMJ off pharmaceutical shelves. However, it remains uncertain when sales might begin. Agriculture Commissioner Mike Strain said Friday that regulatory paperwork and background checks were completed that will allow Louisiana State University’s medical marijuana grower to move […]

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Maine appoints head of adult-use marijuana program

Maine hired Scott Lever, the state’s deputy commissioner of Health Services, to oversee its recreational cannabis program. In his previous position, Lever was in charge of the Maine Center for Disease Control and Prevention, which once oversaw the state medical marijuana program. In 2017, he testified against a recreational marijuana bill before the legislative committee […]

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Cannabis group Cansortium raises $56 million-plus ahead of IPO

Miami-based Cansortium, a vertically integrated cannabis operator, said it raised just over $56 million in funds ahead of its initial public offering (IPO). The company will use the net proceeds for continued expansion of its medical cannabis operations in Florida, Michigan, Pennsylvania, Texas, Puerto Rico, Canada and Colombia for repayment of debt and for general […]

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BlackRock discloses $11M investment in medical marijuana firm Curaleaf

BlackRock, one of the world’s largest money managers, disclosed in regulatory filings that its funds have an $11 million stake in Curaleaf Holdings, a Massachusetts-based medical cannabis company. While the investment is tiny for BlackRock, which has nearly $6 trillion of assets under management, the stake is one of the first publicly disclosed investments by a […]

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Canada clamps down on ‘one-click’ age checks for marijuana promotions

One-click authentications of a website user’s age are not enough to ensure cannabis promotions cannot be accessed by young people, according to Health Canada, and the agency expects regulated parties to take corrective steps “in the coming weeks.” Earlier this month, Canada’s cannabis regulator warned regulated parties of their obligation to comply with the Cannabis […]

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Cannabis financier Gotham Green Partners to invest up to $250 million in MedMen

MedMen, a California-based multistate marijuana operator, said it will receive an investment of up to $250 million from private equity fund Gotham Green Partners (GGP). The investment – a convertible credit facility – is believed to be the largest to date by a single investor in a publicly traded cannabis company with U.S. operations. The money […]

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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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MedMen taking Miami Beach to court over cannabis dispensary regulations

Multistate marijuana operator MedMen is suing Miami Beach, Florida, claiming a local regulation – which requires medical cannabis dispensaries be at least 1,200 feet from each other – violates state law. According to the Miami Herald, MedMen is charging the city’s zoning ordinance would limit the number of dispensaries in Miami Beach to seven – which […]

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Florida dispensary conducts first smokable medical marijuana sale

Only days after Florida’s governor signed a bill allowing medical cannabis dispensaries to sell smokable products, Trulieve, the largest cannabis retailer in the state, began selling them. Trulieve sold the first smokable flower to a medical marijuana patient in Tallahassee on Thursday, the Tallahassee Democrat reported, and the company plans to have smokable products in […]

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Illinois Senate panel passes bill to protect banks serving cannabis businesses

An Illinois senate committee voted to advance a bill that would prohibit the Illinois Department of Financial and Professional Regulation from taking any action that would penalize or dissuade banks and credit unions from serving legal marijuana-related businesses. Even if the bill becomes law, Capitol News Illinois noted, financial institutions that do business with marijuana companies […]

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