Election News

Wall Street takes notice of marijuana: Q&A with cannabis analyst Vivien Azer

By Omar Sacirbey Vivien Azer, apparently the first cannabis analyst at a mainstream investment bank, is bullish on the marijuana industry. And her confidence in the market is a significant reflection of how Wall Street views cannabis. Azer is an analyst at Cowen and Co., a New York investment bank founded in 1918.

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US Senate confirms cannabis critic Jeff Sessions as AG

The Senate on Wednesday night confirmed President Trump’s nominee for attorney general, outspoken marijuana opponent Jeff Sessions, formerly a U.S. senator from Alabama. Sessions was confirmed in a 52-47 vote, with only one Democrat in the chamber backing the Republican. When Trump named Sessions as his pick for attorney general last November, plenty of cannabis industry […]

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North Dakota governor inks bill delaying medical marijuana rollout

North Dakota Gov. Doug Burgum signed legislation on Thursday that will delay the rollout of the state’s medical marijuana program by several months so lawmakers and regulators have more time to iron out the details. The law originally took effect Dec. 8, 2016, when state health regulators were to begin drafting regulations governing areas such as […]

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Maine dispensaries want early crack at adult-use cannabis sales

Maine’s largest medical marijuana operator wants the state’s eight dispensaries to have an early opportunity to sell recreational cannabis. The Wellness Connection of Maine, which operates four dispensaries, is supporting legislation that would allow the state’s MMJ operators to begin peddling adult-use cannabis while regulations are drawn up for the new rec market, the Bangor Daily News […]

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The marijuana industry under Trump: Q&A with Congressman Ed Perlmutter

By John Schroyer

Ed Perlmutter, a Colorado Democrat, has been a strong proponent of the cannabis industry during a Congressional stint that started in 2006.

While witnessing firsthand the growth of Colorado’s marijuana industry, Perlmutter has sponsored several pro-cannabis measures in the House, including legislation to increase banking access for MJ-related companies.

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A look ahead: Issues facing marijuana professionals in 2017

By Omar Sacirbey The marijuana industry is not only beginning a new year, it’s starting a fresh era in which it could flourish with opportunity or regress under a White House that could resurrect the crackdowns and raids of the past. We examine seven of the top issues the industry could face in 2017.

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Year in Review: Top 10 notable developments in the marijuana industry from 2016

In the annals of marijuana history, 2016 will most certainly stand out as a watershed year for the business of cannabis. From huge wins on Election Day and a flurry of investment activity to big courtroom victories and recreational legalization momentum in Canada, cannabis made headlines in the U.S. and globally throughout the year. Here are […]

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New Market: Florida’s big MMJ program could be limited by lack of licenses

By Bart Schaneman

Florida’s new medical marijuana market is poised to become one of the largest in the nation, yet a limited number of available MMJ business licenses could hinder the program’s growth.

Seventy-one percent of Florida voters last month approved Amendment 2 to legalize a much broader MMJ program in the nation’s fourth most populous state.

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Maine cannabis legalization a go after foes drop recount effort

Maine officially became the latest state, and the second in New England, to legalize adult-use cannabis after opponents formally abandoned their demand for a recount. The No on 1 campaign, as the anti-legalization effort was called, notified Maine’s secretary of state of the decision on Saturday, the Portland Press Herald reported. Maine voters approved legalization […]

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Maine suspends marijuana ballot recount until new year

The ballot recount of Maine’s initiative to legalize recreational marijuana is on hold until 2017 to give legalization opponents time to mull whether they want to continue the tally. With about 30% of the ballots counted, there was no significant change in the outcome of the Nov. 8 vote in favor of legalization, according to the […]

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