Oregon’s cannabis industry needs to be regulated by one independent agency instead of three separate bodies, according to a report drafted by the Oregon Cannabis Commission. The study concluded that having the marijuana industry regulated by three government agencies creates the potential for conflict and an inconsistent vision, the Salem Statesman Journal reported. Cultivators, in particular, […]
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Smooth ride expected for Mexico’s cannabis legislation, experts say
Mexico’s move to legalize medical and recreational marijuana could create a market “at least three times larger” than Colombia’s, according to industry executives and analysts, who do not expect the proposed law to see significant resistance from lawmakers. Olga Sanchez Cordero, who will serve as interior minister in the incoming president’s cabinet, last week filed […]
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Oregon recreational cannabis sales soar as prices continue to drop
Rampant overproduction in Oregon’s market for legal, recreational marijuana has produced a 50% drop in prices, according to recent estimates by state economists. The widely documented collapse has been tough on cannabis businesses such as cultivators and retailers – but a boon for consumers. “The real economic impact from recreational marijuana will come not from the […]
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Hundreds of marijuana grower opportunities could result from this California county’s election
Amid this month’s election hubbub, one Northern California county’s vote tally opened the door to potentially hundreds of marijuana growers entering the state’s legal cannabis market. In rural Calaveras County – which enacted a commercial MJ cultivation ban in January – two candidates beat out anti-marijuana officials on the five-member county board of supervisors, making the repeal […]
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Citing safety, OK medical marijuana board makes producers’ info harder to find
The Oklahoma Medical Marijuana Authority removed the addresses of MMJ growers and processors from its online commercial license database in response to security concerns. The Tulsa World reported that groups in the cannabis industry believe the move this week is a positive step for safety and security. The authority published the addresses of dispensaries, growers […]
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Ohio judge: Medical marijuana ownership ‘racial quota’ is unconstitutional
An Ohio judge struck down a provision in the state’s medical cannabis program stipulating that 15% of licenses go to minority-owned groups, saying it’s unconstitutional. Franklin County Judge Charles Schneider said the provision denied Greenleaf Gardens, one of the cultivation license applicants, of its rights because two lower-rated, minority-owned firms were picked ahead of it. […]
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Proposed rule changes could have big impact on California’s cannabis businesses
The newest draft of California’s permanent marijuana business regulations could, if adopted, produce financial fallout and a licensing logjam for a variety of cannabis companies – from edibles makers and retailers to delivery businesses and growers. In particular, the proposed rules – released last month by state regulators – could: Shrink the revenues of companies […]
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Michigan localities are saying ‘no’ to recreational marijuana
Some Michigan communities are already prohibiting adult-use marijuana businesses, a little more than a week after voters in the state approved legalization of recreational cannabis. According to various newspaper reports, Niles City in southwestern Michigan and Pinckney village in the southeastern part of the state have decided to opt out, at least for now. St. Joseph […]
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MJBizCon 2018 begins with record attendance, reflecting marijuana industry’s rapid growth
The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new MJ markets worth up to $2 billion. Some 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]
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New cannabis business takes over Louisiana MMJ grower contract
Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program. Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners. Ilera bought the 68% stake in Advanced […]
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Multistate cannabis firm Acreage Holdings named in $400 million lawsuit in NY
A company that says it was part of a team vying for a medical marijuana business license in New York has sued multistate cannabis operator Acreage Holdings and others for $400 million, alleging they reneged on an ownership stake in a lucrative MMJ venture in the Empire State. The company, New York-based EPMMNY, claims the […]
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Oregon cannabis businesses might owe $15.7 million in back state taxes
Some Oregon marijuana business owners – hit with falling prices and slim margins – are struggling to pay state taxes on their sales. According to Eugene TV station KVAL, 176 marijuana businesses owe the Oregon Department of Revenue $15.7 million in unpaid taxes. Oregon’s revenue department says at least 10 businesses owe more than $600,000 each in […]
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November/December Issue
Growing Ambition. Companies leverage capital, partnerships and diversification to expand beyond state lines.Read the Issue