Pennsylvania regulators revoked the permit of one of the state’s medical cannabis cultivators for allegedly violating production and security regulations. The action against Agrimed Industries comes roughly a month after a surprise state inspection found numerous violations that raised concerns that some plants may have been diverted to the illicit market, according to The Philadelphia Inquirer. Agrimed, […]
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Businesses appeal Utah’s medical cannabis cultivator picks
Six companies challenged Utah’s medical marijuana grower licensing selections, which could further delay the program rollout set for next year. The state’s Division of Purchasing said Monday it received the appeals before Friday’s deadline from six unsuccessful applicants. Some applicants complain that Utah is granting licenses to unqualified cultivators; others contend that issuing fewer than […]
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New normal in US Congress: Marijuana hearings, reform bills & how they could affect the MJ industry
Cannabis has gone from the butt of jokes on Capitol Hill to milestone hearings and the introduction of landmark legalization reform packages that offer the potential to pave the way for billions of dollars in new business opportunities nationwide. The current situation is in stark contrast to just a couple of years ago, showing how […]
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GW Pharma’s cannabis drug OK’d by European Medicines Agency panel
GW Pharmaceuticals announced that the Committee for Medicinal Products for Human Use (CHMP) recommended approval of the British company’s cannabis-based medicine Epidiolex. The CHMP is responsible for preparing the European Medicines Agency (EMA)’s opinions on questions related to the marketing of human medicines. The CHMP opinion was adopted July 25, and the final decision now rests […]
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Canadian bank’s ‘unfair’ cannabis fees add to financial hurdles for lottery hopefuls
One of Canada’s top lenders is charging prospective cannabis business owners thousands of dollars for a routine review of financial documents, imposing an added cost on entrepreneurs who want to enter Ontario’s upcoming lottery for the right to open a marijuana retail store. The Bank of Montreal (BMO) is charging potential clients 3,000 Canadian dollars […]
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Week in Review: US Congress mulls milestone cannabis bills, on-premise MJ edibles moves in Alaska & more
A milestone U.S. marijuana reform bill is introduced in Congress, experts suggest cannabis banking changes at the federal level remain a long shot, Alaska’s capital city approves an ordinance permitting customers to consume cannabis edibles inside licensed retail establishments – and more of the week’s top marijuana business news. Key member of U.S. House introduces sweeping cannabis […]
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Florida seeks court review of medical marijuana licensing
A court challenge by Florida’s Republican governor likely will further delay the state’s lucrative medical cannabis market from opening up to new businesses. Gov. Ron DeSantis’ administration asked for a review of a recent appellate panel ruling that the state’s MMJ laws requiring vertical integration and imposing dispensary caps are unconstitutional. Here’s the latest, according […]
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New Washington state law worries marijuana growers over cross-pollination from hemp farms
A new Washington state law has marijuana cultivators concerned over the potential of cross-pollination from hemp growers, which could prove disastrous to their bottom line if it occurs – potentially costing them up to tens of thousands of dollars in damages. In April, Gov. Jay Inslee signed Senate Bill 5276 into law, opening up the […]
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US Senate banking panel chair indicates openness to cannabis banking reform
The Republican chair of a key U.S. Senate panel signaled Tuesday that he’s receptive to marijuana banking reform but does have some concerns. “I think a case has been made pretty strongly here about the need to get the banking industry issues relating to cannabis resolved,” Senate Banking Committee chair Mike Crapo, from Idaho, said […]
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US House Judiciary chair introduces sweeping cannabis reform bill
U.S. House Judiciary chair Jerrold Nadler and U.S. senator and presidential hopeful Kamala Harris on Tuesday filed legislation to decriminalize marijuana across the nation. If adopted, the bill could open up business opportunities for legal marijuana nationwide, similar to the federal legalization of hemp. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 introduced […]
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Historic US Senate hearing eyes cannabis banking hurdles, but major reform seen as long shot
The GOP-controlled U.S. Senate will hold its first marijuana hearing Tuesday on the challenges that state-lawful marijuana companies confront when seeking banking services, but it’s unlikely the chamber would approve major reform anytime soon. “I remain pessimistic unless and until somebody signals to me that either Sen. (Mitch) McConnell, as the leader of the Senate, or his […]
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Utah selects medical cannabis growers, including out-of-state firms
Utah on Friday awarded eight medical marijuana cultivation licenses to a mix of local and out-of-state businesses. That’s two short of the 10 growers allowed under state law, but regulators are hoping to ensure a supply-and-demand balance. “The decision to only award eight licenses was made to avoid an oversupply of product, while still maintaining a […]
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