By Bart Schaneman and Omar Sacirbey A task force makes recommendations for how the Canadian government should legalize recreational marijuana, Ohio writes draft rules for MMJ dispensaries, and cannabis has a big week in Washington DC. Here’s a closer look at some notable developments in the marijuana industry over the past week.
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Chart: 30% of cannabis businesses ‘very concerned’ about Trump presidency
By Eli McVey Over half of executives in the cannabis industry are worried about their business prospects under a Trump administration, with 30% saying they are “very concerned,” according to a poll by Marijuana Business Daily.
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New Market: Smooth rollout expected for Arkansas MMJ industry
By Bart Schaneman
The Arkansas medical marijuana industry is expected to experience a smooth launch and will likely serve a small, but not tiny, market.
After a previous legalization measure failed narrowly in 2012, voters in the Bible Belt state passed an initiative on Nov. 8 to allow the use, cultivation and sale of medical cannabis.
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CA treasurer forms group to address federal banking rules
California’s state treasurer has assembled a group to address the problems caused by banks’ refusal to deal with marijuana businesses, following up on his state’s legalization of recreational cannabis in the Nov. 8 election. State Treasurer John Chiang also sent a letter to President-elect Donald Trump and included members of California’s congressional delegation asking for help […]
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Week in Review: Lift for New York market, anti-MJ Trump choice & Canada rec development
By Omar Sacirbey, John Schroyer and Bart Schaneman New York’s lagging medical cannabis trade receives some good news, Donald Trump picks another marijuana critic for his cabinet, and Canada considers giving MMJ companies a leg up in the recreational market. Here’s a closer look at some notable developments in the marijuana industry over the past week.
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Trump makes second anti-cannabis cabinet pick
President-elect Donald Trump has made a second anti-marijuana appointment to his cabinet, selecting Rep. Tom Price from Georgia to serve as Health and Human Services secretary. At the federal level, the HHS doesn’t regulate marijuana. That’s left to the Justice Department, but the HHS secretary can control the availability of cannabis in states that have legalized […]
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Maine rec legalization recount to begin Monday
A formal recount of Maine’s election results on recreational cannabis legalization is set to begin Monday and is expected to take four to six weeks and cost the state up to half a million dollars. Question 1, the formal name of the Maine rec initiative, was approved by less than a 1% margin of votes cast […]
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New Market: Humble beginnings expected for North Dakota’s medical marijuana industry
By Bart Schaneman
North Dakota’s new medical marijuana market – made possible by the Nov. 8 election – is expected to be one of the smallest in the nation, with estimated annual dispensary sales eventually reaching $10 million-$20 million.
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Maine preparing for recount on recreational cannabis
A formal recount of the Nov. 8 election results in Maine, including the initiative that would legalize adult-use cannabis, is now on the way. The Maine secretary of state has certified the signatures on a pair of recount petitions that target the marijuana ballot measure as well as an educational tax, and the office is […]
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AR lawmakers consider delaying medical marijuana program
Arkansas lawmakers may delay the rollout of the state’s newly legalized medical marijuana program. State lawmakers are discussing that along with a move to change how marijuana sales tax revenue will be doled out as well as adding an additional sales tax on cannabis, according to Arkansas Business. Last week, Arkansas voters passed an amendment to the […]
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Rep. Rohrabacher optimistic on future of cannabis under Trump
California Republican Congressman Dana Rohrabacher is one of the marijuana industry’s staunchest allies in the U.S. House of Representatives, and while many in the cannabis trade may be fretting about the future, Rohrabacher predicted that the incoming administration of President-elect Donald Trump will leave industry oversight to the states. That extends to Trump’s pick of […]
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MedMen gives MPP $1 million for advocacy efforts
The cannabis management consultancy MedMen has contributed $1 million to the Marijuana Policy Project to support efforts to end cannabis prohibition. The check presentation occurred at the Los Angeles company’s party in conjunction with this week Marijuana Business Conference & Expo in Las Vegas. “Last week our industry scored a big victory,” MedMen CEO Adam Bierman said […]
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November/December Issue
Growing Ambition. Companies leverage capital, partnerships and diversification to expand beyond state lines.Read the Issue