Legal & Regulatory News for Marijuana Businesses

MA Medical Cannabis Businesses Advancing Despite Uncertainty

Medical marijuana companies are moving forward with their plans in Massachusetts even though the incoming governor says he’s not quite sold on the state’s MMJ laws. Owners of four planned grows and dispensaries in the south Boston suburbs, for instance, are still planning to open despite Gov.-Elect Charlie Baker’s assertion last week that state regulations […]

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Terra Tech’s SEC Approval Good News for MJ Industry

A recent move by the Securities and Exchange Commission could fuel investor interest in marijuana stocks and encourage dispensaries, cultivation businesses and edibles producers to go public. The SEC last week granted Terra Tech Corp., which trades on the over-the-counter markets, approval to use the $6.8 million it raised in 2014 to launch dispensaries under […]

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Seattle Dispensary Plan May Be Scrapped

Seattle medical marijuana businesses may not be able to get local licenses after all, as a plan to offer permits could fall through due to legal issues and resistance from recreational store owners. Mayor Ed Murray had hoped to set up a licensing system and specific rules for medical marijuana companies, which currently operate in […]

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Michigan MMJ Bills Sputter, Leaving Industry in Limbo

Michigan sheriffs reportedly helped kill legislation on Thursday that would have allowed the legal return of medical marijuana dispensaries and edibles, according to MLive.com. The move leaves dozens of MMJ dispensaries hanging on by their fingernails, since they’re technically illegal even though Michigan allows medical marijuana use. Without regulation from the state, companies could be […]

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Week in Review: CO Rec Law Under Attack, Tribes Explore MMJ & Anchorage Ban Fails

By John Schroyer and Tony C. Dreibus Oklahoma and Nebraska attempt to overturn Colorado’s recreational marijuana law, Native American tribes begin weighing whether to sell medical cannabis, and Anchorage tosses out a proposed ban on MJ businesses. Here’s a closer look at some notable developments in the marijuana industry over the past week:

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Nebraska, Oklahoma Ask Supreme Court to Nix Colorado Marijuana Law

Nebraska and Oklahoma have filed a lawsuit with the U.S. Supreme Court to overturn Colorado’s recreational cannabis law, arguing that it creates a “dangerous gap” in federal marijuana policies and is unconstitutional, according to a report by the Denver Post. If the suit is successful, it could upend marijuana markets in the handful of other […]

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Key Michigan MMJ Bills Come Down to the Wire

The future of dispensaries in Michigan hangs in the balance as police groups and public health officials rally to stop two key MMJ bills from advancing. The bills – which have already cleared the state House of Representatives and now need approval from the Senate – would allow the return of regulated dispensaries and edibles use […]

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Anchorage Shoots Down Proposed Ban on Rec Sales

Alaska’s budding marijuana industry scored a significant victory Tuesday night when lawmakers killed a proposal that would’ve banned recreational cannabis sales in Anchorage, the state’s most promising MJ market. Barring any other legal challenges, it appears retail stores, cultivation sites, testing labs and other cannabis-related businesses will eventually be able to set up shop in […]

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Hope for DC Rec Market Still Alive

It looks like hope may still be alive for a recreational marijuana market in Washington DC. According to The Washington Post, DC City Council Chairman Phil Mendelson plans to ignore a provision included in an omnibus spending bill passed by Congress recently that would overturn the wildly popular Initiative 71, which legalizes adult use and […]

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Questions Over Marijuana Sales on Native American Lands

Following news that the federal government will essentially allow Native American tribes to grow and sell marijuana on sovereign land, questions have cropped up over whether casinos in those communities will be able to peddle cannabis to visitors. The answer will have a big impact on the potential size of the market. If tribes can […]

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PharmaCan IPO Indication of Interest in Canadian MMJ

Canadian medical marijuana holding and investing company PharmaCan Capital is scheduled to go public next week, highlighting investor interest in a market expected to hit C$1.3 billion (US$1.12 billion) in sales in the coming years. The company – which has a stake in eight medical marijuana producers, including five licensed by Health Canada – will […]

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