Legal & Regulatory News for Marijuana Businesses

California cannabis industry heavyweights file lawsuit in response to federal suit filing

Three former executives claim in a new lawsuit that prominent California marijuana consultant Avis Bulbulyan is a “talented prevaricator” whose “entire professional image is built on a carefully manufactured foundation of deceptions.” The suit, filed last week by Lance Ott, David Yeager and Steve Baghoomian, alleges Bulbulyan lured them to join his cannabis consultancy, SIVA […]

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Oklahoma banking officials warn banks about serving medical marijuana firms

Oklahoma banking officials are urging financial institutions to be cautious or even stay clear of the state’s nascent medical marijuana industry, dealing a potential setback to MMJ companies hoping to secure accounts with local banks or credit unions. Oklahoma banking commissioner Mick Thompson told a legislative working group that financial institutions must weigh the dangers […]

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Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp

Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]

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Facebook to allow cannabis searches ahead of Canada’s adult-use legalization

Social media giant Facebook will stop blocking marijuana-related searches, including those for legitimate businesses with the word “cannabis” or “marijuana” in the name, MarketWatch reported. The move, which ends a monthslong block on cannabis and related search results, is expected to help marijuana businesses engage with consumers via social media. Facebook’s unexpected decision comes ahead of […]

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California pursues stopgap plan to issue provisional cannabis licenses

California regulators are moving ahead with a second round of nonpermanent licensing to allow marijuana companies to continue operating without a permanent license while state and local officials process a backlog of permit applications. The move is intended to help California’s MJ industry avoid supply disruptions, The Orange County Register reported. State Senate Bill 1459, which […]

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California marijuana PAC seeking ‘sensible regulation’ launches despite banking hurdles

A new cannabis political action committee, Californians for Sensible Regulation of Adult Use, hopes to raise $300,000 by 2020 to support industry-friendly candidates for public office in the state’s key locales. The PAC planned to be operational months ago and hoped to have more time to support candidates in 2018. But six banks declined to offer accounts […]

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Illinois medical cannabis market rises as regulations loosen

The medical marijuana market in Illinois is growing, especially after the addition of MMJ as an opioid alternative – a development that, if sustained, could significantly boost sales for businesses in the state. State officials reported that MMJ card applications had reached 44,000 recently, news site Patch.com noted. That’s roughly 2,000 more than when Gov. Bruce […]

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New legislation could boost New Jersey’s medical marijuana patient population

New Jersey medical marijuana companies might see more patients thanks to proposed legislation that would make it easier for state regulators to approve new conditions that can be treated with MMJ. The measure is contained in a legalization bill unveiled last month that would create a recreational marijuana industry and make changes to the state’s existing medical […]

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Arkansas medical cannabis cultivator plans to start growing in February

The medical marijuana program in Arkansas – stymied by legal challenges and licensing delays – could have a cultivation facility growing and supplying marijuana in early 2019. State regulators said they plan to launch the program then, but retail licenses haven’t been awarded yet. The Arkansas Medical Marijuana Commission outsourced the review of dispensary license applications to […]

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Future medical marijuana dispensary glut in Oklahoma? Certainly looks like it

The Oklahoma Medical Marijuana Authority has received nearly 7,330 applications for patients and 600 applications for dispensary licenses, further evidence that the number of patients will be far too low to support all the state’s MMJ entrepreneurs. Here’s what the situation looks like right now: The ratio of medical marijuana patients to dispensaries would be […]

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