Legal & Regulatory News for Marijuana Businesses

Proposed Florida MMJ rules would prevent new entrants

Bart Schaneman  | January 18, 2017

Maybe there won’t be many business opportunities in Florida’s new medical cannabis industry after all.

State health officials have proposed rules that would give the seven companies currently licensed under Florida’s CBD-focused program entire control of the larger medical marijuana market.

The draft regulations would, in effect, close off the state’s MMJ industry to new growers and …

Week in Review: Sessions’ sleight of hand, scofflaws in CA & risky business in NY

John Schroyer  | January 13, 2017

By John Schroyer, Bart Schaneman and Omar Sacirbey

Attorney general nominee Jeff Sessions plays his cannabis-enforcement views close to the vest, dispensaries sidestep California’s adult-use law, and an L.A. marijuana company attempts a risky rescue in New York.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

MassRoots receives $2M in proceeds from warrant exercise

Bart Schaneman  | January 12, 2017

MassRoots, the popular social network for cannabis enthusiasts, said it has received more than $2 million in cash from the exercise of warrants so far in 2017, providing additional financial stability to the once-wobbly Denver company.

This capital infusion will help us continue building momentum with the success we are having within the rapidly …

Arkansas to award 32 medical marijuana dispensary licenses

Omar Sacirbey  | January 11, 2017

The Arkansas Medical Marijuana Commission will issue 32 licenses for medical cannabis dispensaries once the application process begins.

The commission on Tuesday also set dispensary license application fees at $7,500, Little Rock television station KATV reported. Applicants who are unsuccessful will have half of their fee refunded to them.

Hoping to achieve …