Legal & Regulatory News for Marijuana Businesses

Recreational marijuana fails to make Oklahoma ballot for November

An effort to place recreational cannabis on Oklahoma’s ballot in November has fallen more than 20,000 signatures short, Oklahoma state officials reported. A count by the Secretary of State’s office determined supporters of the initiative gathered only roughly 103,000 signatures for State Question 797. The group needed more than 123,000 signatures to qualify the proposed constitutional amendment […]

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Potential $325M-$425M Michigan medical marijuana market braces for more turmoil

Michigan’s medical marijuana industry is girding itself for a heap of disorder – including possible product shortages and revenue losses to the black market  – unless state regulators approve many more business licenses by next month’s deadline, experts warn. Regulators have approved only 16 medical cannabis licenses, including seven dispensaries, under a new statewide regulatory […]

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Class action suit filed on behalf of cannabis growers in California county

A class action lawsuit was filed in an attempt to win back roughly $16 million in taxes and fees paid to a California county by cannabis growers that were hoping to gain local and state licenses. The suit, filed Aug. 3 against Calaveras County in eastern California, alleges county officials “unlawfully compelled” cannabis growers to […]

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Alaska adds marijuana testing facility in state’s underserved interior

Alaska regulators approved the license for the first cannabis testing facility in interior Alaska, and the lab is expected to open next month in Fairbanks. Having a testing facility there will cut wait time and transportation costs for interior growers, said Cary Carrigan with the Alaska Marijuana Industry Association. State tax records show there are […]

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Wells Fargo closes account of Florida candidate who backs medical cannabis

In an election-year example of banks’ reluctance to affiliate with the cannabis industry, Wells Fargo terminated the campaign account of a Florida agriculture commissioner candidate because she supports medical marijuana. The move underscores the perils of political candidates who advocate on behalf of the cannabis industry – and, if more widespread, could hamper pro-MJ reform efforts. […]

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Third marijuana product recall in California – this one due to alcohol content

A third licensed California cannabis business, Venice Cookie Company, has initiated a voluntary recall, the third known recall since more stringent marijuana product testing standards went into effect July 1. The long-standing California edibles producer announced over the weekend the recall of several of its marijuana-infused beverages because of a changed testing grade from San […]

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Ohio licenses two processors, two testing labs in medical cannabis buildup

In a move to ramp up Ohio’s medical marijuana program, state regulators have issued provisional licenses to two additional cannabis processors and two more testing labs. The licenses bring the total number of processors to nine, with four more applications in progress, according to state officials. There are now four authorized testing labs. Ohio legalized […]

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Breaking down the big deal behind Constellation’s bet on cannabis and Wall Street’s involvement

Constellation Brands’ multibillion-dollar wager on Canopy Growth is huge – record setting even – but a much larger story is lighting up across the cannabis industry: Wall Street has arrived. Financial heavyweights Goldman Sachs and Bank of America Merrill Lynch are officially dabbling in the marijuana industry now, which is a move observers call a […]

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Alleged fraud, theft, defamation, drug abuse: Longtime marijuana industry insiders prep for court battle

A legal battle royale between two cannabis consulting firms in Los Angeles will pit industry insiders and former friends against each other in a case that exemplifies how cutthroat the marijuana business has become. In one corner is Avis Bulbulyan, CEO of SIVA Enterprises and a member of the California Cannabis Advisory Committee, which works […]

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‘Global paradigm shift’: International cannabis business opportunities will accelerate

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

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Ohio growers plant the seeds for medical cannabis launch

Newly licensed cultivators in Ohio just started putting seeds in the ground, providing additional proof that a launch to the state’s medical marijuana program is still months away. Buckeye Relief, one of three cultivators that have been given the green light to start growing, told The Enquirer of Cincinnati that it planted its first seeds on […]

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