Legal & Regulatory News for Marijuana Businesses

New Jersey increases number of medical marijuana dispensaries to a dozen

New Jersey regulators doubled the number of medical marijuana dispensaries that can operate in the state, adding six more for a total of 12. The move could help alleviate a product shortage that arose from a growing patient pool amid limited business licenses. According to NJ.com, the state’s health department revealed it will allow the […]

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Cannabis company Terra Tech sued for alleged theft, deceptive finances

A businesswoman in Reno, Nevada, is suing Terra Tech, accusing the California-based, vertically integrated marijuana company and various defendants connected to the firm of alleged theft, stock manipulation and filing false reports with government agencies, a local TV station reported. According to the lawsuit filed by Heidi Loeb Hegerich in Washoe County District Court, Terra Tech “has a long […]

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Suit aims to keep CA highway patrol from assisting federal marijuana enforcement

A class action lawsuit filed in San Francisco County Superior Court is asking a California judge to block the state’s highway patrol from seizing and turning over cash and other assets from state-legal marijuana companies to federal authorities. The lawsuit stems from a case that began in September, when employees from a Humboldt County distribution company, Wild […]

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French scientific committee recommends expanding medical marijuana program

A temporary scientific committee launched by the French National Agency for the Safety of Medicines and Health Products (ANSM) has recommended that medical marijuana be authorized – five years after the country passed legislation to allow cannabis-based medicines. The initial rules allowed only for specific MJ medicines with licenses, also known as marketing authorization. The new […]

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NY gov wants to legalize adult-use cannabis in 2019, creating $1.7 billion market

New York Gov. Andrew Cuomo said he’d like to see the legalization of adult-use marijuana in the state early next year, which could create a $1.7 billion market, generate significant new business opportunities in the cannabis industry and curtail the state’s thriving illicit market. According to the New York Times, Cuomo made the announcement Monday during […]

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Pesticides spur MA medical marijuana retail closures; 700 batches failed CA testing

Cannabis cultivators, product manufacturers, retailers and laboratories coast-to-coast are facing closure, failed mandatory tests and increased scrutiny from regulators over pesticide concerns. In Massachusetts, the state’s health department ordered medical marijuana dispensaries in Mashpee and Plymouth to shut because of concerns a cultivation facility used pesticides, which is prohibited for MMJ cultivation under state regulations. According […]

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Judge orders cannabis firm Sweet Leaf co-owners to pay $8.8 million for unpaid rent

A Denver court issued an $8.8 million judgment against the owners of the once-thriving Colorado marijuana chain Sweet Leaf for unpaid rent, late fees and interest in breaching four commercial leases in Denver. Denver District Judge Edward Bronfin issued the decision against Sweet Leaf co-owners Matthew Aiken, Christian Johnson and Anthony Sauro on behalf of the properties’ […]

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New Jersey lawmakers delay action on adult-use marijuana until 2019

New Jersey lawmakers won’t vote on legalizing adult-use marijuana before the end of the year after failing to reach a compromise deal. The failure likely means that legalization won’t be taken up again until 2019, dashing hopes for now that the state would be the first to establish a full-fledged recreational program through its Legislature. […]

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Ohio regulators ask for $2.1M to cover costs of medical marijuana lawsuits

Ohio’s medical cannabis regulators are asking for an additional $2.1 million from state funds to cover the legal fees incurred from lawsuits lobbed by companies that were denied MMJ licenses. By March 2018, at least three lawsuits had been filed against the state by eight medical marijuana companies. More details on the impact of the […]

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Massachusetts bank willing to accept deposits from some cannabis businesses

At least one bank in Massachusetts is willing to do business with medical marijuana companies. Swansea-based BayCoast Bank said it will take deposits from MMJ businesses, according to the Boston Business Journal. BayCoast Bank is offering to work with medical marijuana companies – as well as MMJ businesses that have entered the state’s new adult-use […]

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Week in Review: NV cannabis licensing gripes, Connecticut permits more MMJ dispensaries & Q3 earnings roundup

Nevada issues 61 additional provisional recreational marijuana retail permits, Connecticut doubles the number of medical cannabis dispensary licenses in the state, and some publicly traded MJ firms release third-quarter results. Here’s a closer look at some notable developments in the marijuana industry this week. Nevada licensing controversy Nevada issued 61 provisional adult-use retail licenses, which […]

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