Marijuana Legalization and Regulatory News for Cannabis Businesses

Embattled Canadian marijuana firm Ascent receives creditor protection

Canadian cannabis company Ascent Industries has been granted creditor protection by the Supreme Court of British Columbia to address liquidity issues, caused “in large part” by the suspension of its licenses. Health Canada notified British Columbia-based Ascent in September it was suspending the licenses of its subsidiary, Agrima Botanicals, over infractions related to noncompliance with […]

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CA, AZ cannabis retailers with same name headed to court over trademark

Two marijuana companies both named “Harvest” are heading to court over the rights to the title, and both are claiming trademark protections for their respective companies. The case is far from the only cannabis dispute over a company name. One key to the Harvest case may be that the California-based company has a state trademark […]

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Colorado appears ready to open cannabis markets to outside investors

Colorado’s $1.5 billion-a-year marijuana industry appears on the threshold of opening its recreational and medical markets to a potential rush of outside investors and capital, almost a year after former Gov. John Hickenlooper shot down similar legislation. Bipartisan legislation that would allow publicly held companies to both invest in and hold marijuana licenses in Colorado […]

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California begins taking cannabis social equity grant apps from cities, counties

California state marijuana regulators announced Friday they are accepting grant applications from cities and counties that are implementing social equity programs for local cannabis businesses. The state’s Bureau of Cannabis Control (BCC) will award $10 million to qualifying jurisdictions by June 30 as part of a growing movement to repair social harms done by the […]

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Michigan governor eliminates medical marijuana licensing board

Michigan Gov. Gretchen Whitmer is abolishing the board that considers medical cannabis licenses, a decision she based on the group’s struggle to make timely decisions. A new body – the Marijuana Regulatory Agency – will conduct the licensing for both the medical cannabis market and the state’s emerging recreational marijuana program, the Detroit Free Press […]

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Medical cannabis sales kick off in North Dakota

North Dakota’s first medical marijuana dispensary opened for business Friday in a Fargo mini-mall, but potential customer numbers remain relatively low. The state began accepting applications in October from residents for medical marijuana cards, but only 122 people were certified as of this week, according to state regulators. North Dakota expects that number to climb […]

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Michigan seeks input into adult-use marijuana rulemaking

Michigan regulators are asking for volunteers to provide input for the state’s new recreational marijuana industry rules, and the cannabis industry is responding to ensure its views are heard. The state is forming work groups to cover four regulatory topics: Existing medical marijuana license holders interested in entering the adult-use market. Municipalities that are considering allowing licensed […]

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Bill reintroduced in US Senate to remove cannabis from Controlled Substances Act

New Jersey Democratic Sen. Cory Booker reintroduced legislation that would remove marijuana from the Controlled Substances Act, effectively meaning state-legal cannabis businesses would not have to fear federal interference and could gain normal access to banking services. The Marijuana Justice Act, first introduced by Booker and Rep. Barbara Lee, a California Democrat, in 2017, is […]

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California cannabis licensing backlog could spur collapse of supply chain, ‘hundreds of businesses’

A California Senate panel on Wednesday advanced a bill – dubbed a “Band-Aid” by one sponsor – in a last-minute bid to prevent thousands of marijuana companies from being temporarily forced out of the legal market and causing chaos in the state’s marijuana supply chain.

But the move is likely to be in vain, at least in the short term.

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New Hampshire House endorses adult-use marijuana, but major hurdle remains

New Hampshire’s House gave preliminary approval on Wednesday to a bill legalizing a recreational marijuana industry that would allow an unlimited number of licenses statewide. A similar bill passed the House last year before dying in the Republican-controlled Senate. Democrats, who added legalization to their party platform last year, now control the Senate as well. […]

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