Briefs

Oregon recreational cannabis sales soar as prices continue to drop

Rampant overproduction in Oregon’s market for legal, recreational marijuana has produced a 50% drop in prices, according to recent estimates by state economists. The widely documented collapse has been tough on cannabis businesses such as cultivators and retailers – but a boon for consumers. “The real economic impact from recreational marijuana will come not from the […]

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Citing safety, OK medical marijuana board makes producers’ info harder to find

The Oklahoma Medical Marijuana Authority removed the addresses of MMJ growers and processors from its online commercial license database in response to security concerns. The Tulsa World reported that groups in the cannabis industry believe the move this week is a positive step for safety and security. The authority published the addresses of dispensaries, growers […]

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Iowa doctors show hesitance about low-THC medical cannabis program

Fewer than 600 patients have been approved to participate in Iowa’s low-THC medical marijuana program, largely because doctors there are uneasy about certifying patients to get access to the medicine. And that’s not particularly good news for cannabis businesses in the state. Under Iowa’s low-THC cannabis program, products cannot exceed 3% THC. Only about 325 of the […]

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Ohio judge: Medical marijuana ownership ‘racial quota’ is unconstitutional

An Ohio judge struck down a provision in the state’s medical cannabis program stipulating that 15% of licenses go to minority-owned groups, saying it’s unconstitutional. Franklin County Judge Charles Schneider said the provision denied Greenleaf Gardens, one of the cultivation license applicants, of its rights because two lower-rated, minority-owned firms were picked ahead of it. […]

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MA says first recreational cannabis stores in eastern US can open Tuesday

Two marijuana stores in Massachusetts were given the green light to begin selling to recreational customers on Tuesday, making them the first commercial cannabis stores in the eastern United States. The Cannabis Control Commission (CCC) announced Friday that New England Treatment Access, in Northampton, and Cultivate Holdings, of Leicester, were authorized to open in three […]

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Leading US marijuana firms list shares on Canadian stock exchange

Three top American cannabis firms made their trading debuts on the Canadian Securities Exchange (CSE) this week, continuing the frenzy of U.S.-based marijuana companies turning to Canada’s public markets to raise capital. Here’s a quick rundown of what investors need to know:   Multistate cannabis operator Acreage Holdings listed its shares under the ticker symbol ACRG.U […]

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Michigan medical cannabis shortage might result in dispensary shutdowns

A lack of medical marijuana in Michigan could potentially result in the state’s approximately 40 licensed dispensaries shuttering their businesses until spring. Cannabis cultivators in the state didn’t start getting permits to grow until August, and that means a larger supply of licensed MMJ won’t be available in the state until next year when more […]

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Gubernatorial win could mean Kansas push toward medical marijuana legalization

The election in Kansas of Democrat Laura Kelly earlier this month puts a medical marijuana supporter in the state’s governor’s seat, and she recently said she senses “some momentum” among legislators to legalize MMJ with strict regulations, The Wichita Eagle reported. MMJ bills have been considered without success for years in Kansas, even though some […]

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Attorney: Utah medical cannabis compromise ‘undermines’ voters’ decision

A pair of pro-marijuana groups in Utah accused the Mormon church of “extreme undermining” with regards to a medical cannabis ballot measure. The letter, sent by attorney Rocky Anderson on behalf of the groups Together for Responsible Use and Cannabis Education (TRUCE), and the Epilepsy Association of Utah, accuses the church of trying to interfere […]

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Israel advances medical marijuana export law in ‘huge leap for industry’

An Israeli government committee approved the first draft law on the export of medical cannabis, an important step toward the government’s long-delayed plan to foster an MMJ export industry. The draft law was vetted by the Internal Affairs Committee, headed by Yoav Kish, and now moves to the Knesset – Israel’s Legislature – where lawmakers will […]

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North Dakota taps two more firms to open medical marijuana dispensaries

North Dakota’s Health Department selected companies to open medical cannabis dispensaries in Grand Forks and Williston, and those companies now are invited to move forward with the registration process. It’s the latest development in the state’s ongoing efforts to set up a system for medical marijuana, which voters approved two years ago. Here’s what you […]

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Cannabis tech firm Eaze introduces CBD marketplace to reach over 40 states

San Francisco-based tech company Eaze launched an online marketplace, Eaze Wellness, to ship CBD products to 41 states across the U.S. and the District of Columbia. The driving force behind the move was seeing CBD sales more than double among the company’s customers last year, Sheena Shiravi, Eaze’s director of consumer communications, told Fortune. This marks the […]

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