Marijuana Legalization and Regulatory News for Cannabis Businesses

Oregon marijuana regulators could soon have the ability to deny new grow licenses

Oregon’s oversupply of cannabis has prompted lawmakers to attempt to give the Oregon Liquor Control Commission more leeway to deny new cultivation licenses based on supply and demand. A bill that passed the Senate and is now before the House would not only reduce the huge surplus but would prevent diversion of unsold legal marijuana into the […]

Read More

California legislator scraps bill to hike number of cannabis retail licenses

California Assemblyman Phil Ting has shelved a measure to increase the number of marijuana retail licenses in the state, having lacked the two-thirds vote he needed to pass the bill. Assembly Bill 1356 would have required some cities and counties that had banned commercial cannabis to open their doors to the industry. Ting plans to reintroduce […]

Read More

New Jersey Senate votes to advance medical cannabis expansion bill

The New Jersey Senate voted 33-4 on Thursday to advance a bill that would boost medical marijuana sales and create new business opportunities in the state. Before the vote, the Senate amended Assembly Bill 10 to allow marijuana workers to join unions. Now, the measure will go back to the Assembly for a vote to […]

Read More

Arizona law firm ordered to pay $150K for meritless marijuana suit

Arizona’s highest court has concurred that a Phoenix law firm must pay roughly $150,000 in legal fees for filing a frivolous lawsuit against the town of Snowflake and Copperstate Farms, a large medical cannabis grower. The suit challenged Snowflake’s decision in 2016 to issue a permit allowing Copperstate to cultivate marijuana in a greenhouse previously […]

Read More

New Jersey cannabis firms make pivot to medical as adult-use prospects fade – for now

Prospective businesses laid the groundwork in anticipation that lawmakers would legalize the recreational use of marijuana in New Jersey. They scouted locations, talked with municipal officials and worked with consultants. Some even secured real estate. But with a recreational market now still a ways off as legislators abandoned ship on their efforts to legalize it, […]

Read More

Medical marijuana extracts ruling could open a business gateway in Arizona, experts say

The Arizona Supreme Court handed the state’s medical cannabis industry a significant legal win this week by ruling that extracts – including concentrates, edibles and other infused products – are legal. So, do licensed medical marijuana businesses expect an immediate shift in day-to-day business operations now they can legally sell the products? “We’ve been selling extracts […]

Read More

Illinois Senate approves adult-use cannabis industry

The Illinois Senate passed a recreational marijuana sales and taxation measure by a vote of 38-17 on Wednesday night. The amended measure now goes to the state House for consideration. Lawmakers must act before the legislative session ends Friday. Gov. J.B. Pritzker, a Democrat, set adult-use cannabis legalization as a priority, and the current measure […]

Read More

New Colorado law allows outsiders to invest in state’s marijuana industry

Colorado Gov. Jared Polis signed a bill Wednesday that for the first time opens the state’s cannabis industry to outside investors. The law is expected to bring new cash flow into Colorado as well as marijuana products from companies that previously were unable to do business in the state. “By permitting access to capital through […]

Read More

Multistate cannabis firm Acreage reports first-quarter net loss of $31.2 million

Acreage Holdings, a New York-based multistate cannabis operator, reported quarterly revenues of $12.9 million for the three months ended March 31, 2019. The company also reported a net loss for the period of $31.2 million. The company did not disclose in its news release how this compared to revenue and profit/loss for the year-ago period. […]

Read More

Arizona Supreme Court rules medical marijuana extracts, infused products legal

The Arizona Supreme Court unanimously ruled that cannabis extracts – including concentrates, vaporizer cartridges and infused food and beverages – are legal and the state’s medical marijuana dispensaries can sell them. In doing so, the court handed a win to the state’s booming medical marijuana industry. Some Arizona retail shop owners and marijuana product manufacturers feared the […]

Read More

Multistate medical cannabis firm forced to close in North Dakota, refund $21,000

A North Dakota-based private clinic that provided evaluations for medical marijuana has been forced to close and repay $21,800 to patients who ultimately did not receive their medical marijuana cards. The action against Green Health Docs – which operates clinics in Maryland, Missouri, Ohio and Oklahoma – underscores the demand for medical marijuana in North […]

Read More