Legal & Regulatory News for Marijuana Businesses

California marijuana PAC seeking ‘sensible regulation’ launches despite banking hurdles

A new cannabis political action committee, Californians for Sensible Regulation of Adult Use, hopes to raise $300,000 by 2020 to support industry-friendly candidates for public office in the state’s key locales. The PAC planned to be operational months ago and hoped to have more time to support candidates in 2018. But six banks declined to offer accounts […]

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Illinois medical cannabis market rises as regulations loosen

The medical marijuana market in Illinois is growing, especially after the addition of MMJ as an opioid alternative – a development that, if sustained, could significantly boost sales for businesses in the state. State officials reported that MMJ card applications had reached 44,000 recently, news site Patch.com noted. That’s roughly 2,000 more than when Gov. Bruce […]

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New legislation could boost New Jersey’s medical marijuana patient population

New Jersey medical marijuana companies might see more patients thanks to proposed legislation that would make it easier for state regulators to approve new conditions that can be treated with MMJ. The measure is contained in a legalization bill unveiled last month that would create a recreational marijuana industry and make changes to the state’s existing medical […]

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Arkansas medical cannabis cultivator plans to start growing in February

The medical marijuana program in Arkansas – stymied by legal challenges and licensing delays – could have a cultivation facility growing and supplying marijuana in early 2019. State regulators said they plan to launch the program then, but retail licenses haven’t been awarded yet. The Arkansas Medical Marijuana Commission outsourced the review of dispensary license applications to […]

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Future medical marijuana dispensary glut in Oklahoma? Certainly looks like it

The Oklahoma Medical Marijuana Authority has received nearly 7,330 applications for patients and 600 applications for dispensary licenses, further evidence that the number of patients will be far too low to support all the state’s MMJ entrepreneurs. Here’s what the situation looks like right now: The ratio of medical marijuana patients to dispensaries would be […]

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Florida judge to state: Quit stalling approval of medical marijuana permits

A Florida judge warned the state Department of Health that it has until Oct. 19 to register new medical cannabis operators or risk being held in contempt. Friday’s scathing order by Leon County Circuit Judge Charles Dodson follows an August decision in which he ruled that the state law restricting the number of medical marijuana […]

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San Francisco plans to create cannabis industry oversight committee

San Francisco officials plan to form a committee to monitor the city’s marijuana industry and assess its regulations and government oversight. According to the San Francisco Examiner, the new Cannabis Oversight Committee will: Examine the work done by the city’s Office of Cannabis. Measure the impact of existing regulations on businesses and communities. Make recommendations to […]

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Cresco Labs closes $100 million raise, draws institutional investors to cannabis industry

Chicago-based marijuana firm Cresco Labs closed a $100 million funding round that attracted institutional investors, a notable milestone for cannabis finance in the United States. The raise represents the second-largest deal inked in the U.S. marijuana industry to date. New York-based Acreage Holdings’ $119 million raise in July holds the top spot for private funding […]

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More CA enforcement: 250 grows targeted, 614,000 marijuana plants seized

In California, a 39-county sting operation at 250 illegal cannabis cultivation sites resulted in the arrest of 52 people and the seizure of more than 614,000 plants, authorities said Thursday. The raids signal yet more acceleration by state and local authorities to rein in black-market operators, which licensed operators argue cause distinct harm to their […]

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Oklahoma names health official to oversee state’s medical marijuana program

Oklahoma health officials appointed an internal candidate to head up the state’s new Medical Marijuana Authority. Oklahoma State Department of Health Interim Commissioner Tom Bates announced Thursday that Adrienne Rollins will lead the division overseeing MMJ. Rollins has been with the agency since 2012 and has been working since April on implementing the program in […]

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Week in Review: California’s cannabis social-equity move, US attorney’s marijuana threat & lawmakers’ bid for more MJ growers

California approves a law to boost participation among minorities and those less well off in the marijuana industry, Colorado’s U.S. attorney threatens to crack down on licensed cannabis businesses that divert product to the black market, and members of Congress urge the U.S. government to expand the number of cultivators allowed to grow MJ for research. […]

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Compromise reached on establishing medical marijuana program in Utah

Medical marijuana appears headed for Utah after a grand compromise was hammered out by parties involved in the contentious debate over MMJ. A medical cannabis legalization initiative still will appear on the Nov. 6 ballot in Utah. But backers, lawmakers and opponents including Drug Safe Utah and the Mormon Church have agreed on a more […]

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