Legal & Regulatory News for Marijuana Businesses

Alaska city rejects marijuana retail sales tax increase

(This story has been updated to include information from Jana Weltzin, a cannabis attorney.) The Anchorage Assembly voted against a 2% tax increase on cannabis retail sales Tuesday. MJ business owners see the Assembly’s 8-2 vote as a win for them and a blow to the state’s illicit cannabis market, TV station KTUU reported. Anchorage Mayor […]

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$100M-$150M annual market projected as Oklahoma legalizes medical marijuana

Oklahoma voters on Tuesday approved an open-market medical marijuana program: no caps on the number of business licenses, and doctors can recommend MMJ for any patient ailment. Marijuana Business Daily projects that such an unrestricted MMJ market, if it sticks in its current form, could generate $100 million to $150 million in annual sales several […]

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As PA rewrites medical cannabis research law, operators weigh new litigation

Commercial cannabis growers and dispensary operators are weighing their legal options in response to a newly rewritten Pennsylvania law around medical marijuana research. HB 2477, recently signed by Gov. Tom Wolf, allows the state’s medical schools to partner with marijuana cultivators of their choosing to generate data for pharmacological research, the Philadelphia Inquirer reported. According to the […]

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Utah set to roll out medical cannabis program for terminal patients

Ahead of a possible vote in November that may initiate a much broader program, Utah’s state government will roll out a much more restrictive “right to try” medical marijuana system, but only for terminally ill patients. According to Salt Lake City TV station KSTU, the program will be run by the state Department of Food […]

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Maine proposal would give local governments more say over marijuana businesses

A proposed amendment to a sweeping medical marijuana regulatory overhaul in Maine would give local governments much more power over the cannabis industry and may result in widespread closures of caregiver shops that have sprouted up across the state. According to the Portland Press Herald, “dozens” of such caregiver storefronts have opened in municipalities around […]

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Will Oklahoma legalize medical cannabis? Voters decide Tuesday

Oklahoma voters will decide Tuesday whether the Bible Belt state will legalize medical cannabis. Recent polling found that more than 57% of voters support the measure, but a strong opposition coalition has been mounted in the last few weeks to try to defeat the ballot initiative. The opposition, which includes the state Medical Association, various law enforcement […]

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MA marijuana firms may face adverse side effects from attorney general’s opinion

Massachusetts Attorney General Maura Healey’s decision to give certain local jurisdictions until June 30, 2019, to plan for a retail marijuana market could have major business effects, industry proponents say. Jim Borghesani, who played a major role on the “Yes on 4” recreational marijuana legalization campaign, told Marijuana Business Daily on Monday that further delay could […]

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US Senate panel balks at cannabis banking bill

Efforts to address the marijuana industry’s banking woes were dealt a second blow this month by a top Congressional committee. The Senate Appropriations committee voted 21-10 to sideline an amendment that would have offered protections for financial institutions that open bank accounts for legal cannabis firms. The move follows the recent defeat of a parallel amendment […]

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