Marijuana Legalization and Regulatory News for Cannabis Businesses

Wholesale marijuana prices on upswing in more mature recreational markets, reports indicate

Wholesale cannabis prices appear on the rise in longstanding adult-use cannabis markets Colorado, Oregon and Washington state, according to two recent reports and insight from growers. The upward-trending prices seem to be increasing because of: Stronger demand and weaker supply beyond the typical summer economic dynamics. More growers going out of business. Farmers pivoting to […]

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Illinois expands medical marijuana market in advance of recreational launch

Illinois Gov. J.B. Pritzker signed legislation adding new qualifying conditions, including chronic pain, to the state’s medical cannabis program, which likely will boost sales in advance of next year’s recreational MJ launch. By signing the bill, the Democratic governor also makes the state’s MMJ program permanent, the Chicago Sun-Times reported. Here are key details from […]

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Arizona group files recreational cannabis legalization ballot measure

Arizona voters may get a chance to decide next year whether to legalize recreational marijuana, which could open up a host of new cannabis business opportunities if it succeeds. Legalization advocates said they’ve filed paperwork with the Arizona Secretary of State to put the question before voters in 2020. They’ll need to collect at least 237,645 […]

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New Mexico closer to capping medical marijuana cultivation

A New Mexico hearing officer endorsed a plan to limit medical cannabis cultivation to 1,750 mature plants per grower, an effort to avert a possible market oversupply. State health department Secretary Kathyleen Kunkel will have the final say on whether to implement the plan, which some growers argue will constrain and harm the nascent market. […]

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What medical cannabis firms might learn from Harvest’s compliance conundrums

Harvest Health & Recreation is in high-stakes clashes with medical marijuana regulators in Pennsylvania and Ohio, and the disputes could potentially offer other MMJ firms cautionary lessons around the necessity to maintain extremely pristine regulatory compliance in state-legal markets. At stake for Harvest are more than a dozen dispensary, processing and cultivation licenses in the […]

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Michigan medical cannabis businesses to pay tiered license fees

Medical marijuana businesses in Michigan soon will face a new licensing fee structure that will increase renewal costs for large growers but lower them for dispensaries. The tiered pricing structure for the state’s 250 MMJ businesses will go into effect Oct. 1, according to Mlive.com. “We want to make the fees reasonably related to the […]

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Week in Review: Louisiana medical marijuana kickoff, Dixie-Arizona Iced Tea team, NM reciprocity & more

Sales begin in the long-delayed Louisiana medical marijuana market, MJ-infused product brand Dixie signs a licensing deal with Arizona Iced Tea’s parent, a New Mexico judge’s ruling could open MMJ sales to out-of-state patients – and more of the week’s top cannabis business news. MMJ sales begin down on the bayou After years of waiting, […]

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Key New Jersey lawmaker: Legislature may try again to legalize adult-use cannabis

New Jersey lawmakers may take one last stab at legalizing recreational marijuana. “I’m not going to give up trying,” state Senate President Stephen Sweeney told NJ.com. “We’ll make one more run at it,” the Democrat told the publication. Sweeney, a longtime MJ backer, pulled the plug on the effort in May when it became obvious […]

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Cresco receives regulatory approval for New York marijuana license deal

Chicago-based Cresco Labs, one of the country’s largest multistate cannabis operators, received regulatory approval to acquire one of only 10 vertically integrated licenses in New York. The license, which will allow for one cultivation and four dispensary facilities in the state, is linked to Cresco’s purchase of Valley Agriceuticals. The acquisition is expected to close […]

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Utah high court dismisses medical cannabis lawsuit, but another still alive

A lawsuit aimed at overturning a move by Utah lawmakers to replace a more liberal medical marijuana system with a more restrictive one came to an end in the state Supreme Court. But a second lawsuit is still working its way through the system. According to Salt Lake TV station KSTU, the original suit, filed by […]

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