Marijuana Legalization and Regulatory News for Cannabis Businesses

New Mexico governor signs legislation that could boost MMJ sales

New Mexico Gov. Michelle Lujan Grisham signed legislation that makes some notable changes to the state’s medical marijuana law and could boost sales for MMJ businesses, including retailers and manufactures. The state’s health department will have to draft regulations for some of the new rules, according to the New Mexico Political Report. Key changes include: Reciprocity: […]

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25 local governments in CA sue state to block home marijuana delivery

A coalition of 25 California municipalities and one county that ban marijuana sales have sued the state, claiming that allowing home delivery in their jurisdictions violates the law. The suit, if successful, could significantly affect cannabis sales by eliminating a market segment that otherwise could have been served via home delivery. That’s because roughly 80% […]

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California Senate approves bill to extend temporary cannabis licenses

The California Senate on Thursday moved to close a licensing gap for state marijuana growers, the latest problem to bedevil the shaky legal marketplace. Scores of cannabis cultivators have seen their temporary licenses expire before the state has been able to replace them. Companies caught in that backlog have been stranded in a legal lurch […]

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Illinois Senate OKs bill to shield banks serving marijuana businesses

The Illinois Senate on Thursday passed legislation that would bar state regulators from penalizing or discouraging banks and credit unions from serving cannabis businesses. Senate Bill 2023, however, would have limitations if it becomes law. Financial institutions that do business with marijuana companies would still face possible prosecution by federal authorities. More information about the […]

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Pennsylvania’s medical marijuana patient count tops 100,000

Nearly 102,000 patients in Pennsylvania have received certifications from approved physicians to purchase medical marijuana, good news for the bottom line of the state’s fledgling MMJ businesses. The climb in the patient count has led to 780,000 transactions at Pennsylvania’s licensed dispensaries, according to Gov. Tom Wolf’s office. More patients are awaiting certifications, too, which […]

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New Hampshire House passes recreational cannabis bill, sends to Senate

New Hampshire’s House approved a full-fledged adult-use marijuana legalization bill, sending the measure to the Senate for its consideration. The legislation was approved in a 200-163 vote, according to New Hampshire Public radio. House Bill 481 would tax cannabis cultivators at 5% and retailers at 9%. As originally introduced, the legislation would have imposed a […]

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Illinois Senate panel OKs adult-use cannabis bill, but details are pending

An Illinois Senate committee voted to advance a placeholder bill that lawmakers can amend later to legalize a recreational marijuana market in the state. The so-called “shell bill” – approved in a 12-4 party line vote by the Senate Executive Committee – is expected to be significantly changed through private negotiations among lawmakers, the governor’s office […]

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Congressional legislation reintroduced to protect state-legal marijuana markets

A bipartisan group of lawmakers in the U.S. House and Senate reintroduced legislation Thursday to protect states’ ability to enact their own marijuana policies while resolving long-standing banking and taxation issues. The STATES Act – which is expected to face tougher sledding in the Republican-controlled Senate versus the Democratic-controlled House – would create an exemption in the […]

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Florida legislative panel wants 10% THC limit on smokable medical marijuana

A Florida House committee wants to limit the strength of smokable medical marijuana to 10% THC, a development that likely would dampen retail sales. The House Health and Human Services Committee approved the bill Wednesday over the objections of patient advocates, just weeks after the state lifted a ban on smokable forms of the plant. Opponents […]

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NJ forecasts need for up to 90 more medical marijuana dispensaries by 2022

New Jersey needs to add 50 to 90 medical cannabis dispensaries in the next three years and more cultivation facilities to keep pace with current market demand, according to a state report issued this week that holds out the possibility of additional MMJ business opportunities. The report, released by the New Jersey Department of Health, […]

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Colorado OKs medical cannabis to treat autism disorders

Colorado added autism spectrum disorders to the list of conditions eligible for treatment with medical marijuana, which could help bolster MMJ sales in a market that has declined after the legalization of adult-use cannabis. Gov. Jared Polis signed a bipartisan bill into law Tuesday after his predecessor, John Hickenlooper, vetoed a similar bill last year, citing […]

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