Legal & Regulatory News for Marijuana Businesses

Israeli university launches medical cannabis research center

Bart Schaneman  | April 7, 2017

The Hebrew University of Jerusalem, a leading Israeli academic institution, is launching a Multidisciplinary Center on Cannabinoid Research.

Additional research providing evidence of marijuana’s medicinal benefits could persuade more doctors to recommend medical cannabis. Israel already has a reputation as a cannabis research powerhouse.

According to The Jerusalem Post, the new center’s studies …

Week in Review: West Virginia nears legalization, NV distribution plan & Johns Hopkins exits study

Bart Schaneman  | April 7, 2017

By Omar Sacirbey and Bart Schaneman

West Virginia moves closer to legalizing medical marijuana, Nevada dispensaries get a new adult-use business opportunity, and Johns Hopkins exits a study involving cannabis and post-traumatic stress disorder.

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

West Virginia legislature approves medical cannabis legalization

Omar Sacirbey  | April 6, 2017

West Virginia appears poised to become the 30th state in the nation to legalize medical marijuana after the Republican-controlled legislature signed off on a bill Thursday night establishing an MMJ program.

The measure now goes to the desk of Democratic Gov. Jim Justice, West Virginia Public Broadcasting reported. He is expected to sign it.

Cannabis-centric ETF begins trading on Toronto Stock Exchange

Bart Schaneman  | April 6, 2017

A marijuana exchange-traded fund – billed as the world’s first – began trading on the Toronto Stock Exchange on Wednesday, the latest sign the cannabis industry is becoming more of a mainstream sector.

The newly launched Horizons Medical Marijuana Life Sciences ETF packages the stocks of 14 marijuana-related businesses into one security, CBC News reported. …

California cannabis industry lauds governor’s ‘pro-business’ proposals

John Schroyer  | April 6, 2017

By John Schroyer

California marijuana businesses apparently have an ally in the governor's mansion.

Many in the MJ industry are applauding a series of overhaul proposals issued Tuesday by Gov. Jerry Brown for his state's regulatory system, which will begin overseeing the cannabis trade starting in January.

California gov suggests big changes to new marijuana system

John Schroyer  | April 5, 2017

California Gov. Jerry Brown has issued a series of proposed changes to his state’s upcoming marijuana regulatory system in an effort to reconcile differences between a 2015 medical marijuana oversight law and the new recreational cannabis ballot initiative voters approved last year.

Among the numerous changes Brown put forth were several significant ones …

Nevada to accept rec distribution bids from MMJ license holders

Bart Schaneman  | April 4, 2017

Nevada’s Department of Taxation hasn’t received enough interest for the state’s new adult-use marijuana market from liquor wholesalers, so it’s opening the distribution business to existing medical cannabis license holders.

The department will soon begin accepting distribution applications from medical cannabis businesses, according to the Las Vegas Review-Journal, a move that will give MMJ …

Pressure builds for Trump to maintain marijuana status quo

John Schroyer  | April 4, 2017

President Donald Trump is getting increasing pressure – from his circle of advisers and beyond – to maintain the current status quo when it comes to the cannabis industry.

The governors of the first four states to legalize recreational cannabis on Monday sent Trump a letter urging him to confer with them before announcing any …

Marijuana on the Hill: Bills introduced in Congress in 2017

John Schroyer  | April 4, 2017

By John Schroyer

Less than three months into the new Congressional session, 13 bills have been introduced - including eight last Thursday - that would change the federal government's approach to cannabis.

Here is a look at the various proposals and their potential impact.