Marijuana Legalization and Regulatory News for Cannabis Businesses

US House committee approves spending bill with cannabis banking protections

A key U.S. House panel approved a spending bill including a provision that would protect banks serving lawful marijuana businesses from punishment by federal financial regulators. The House Appropriations Committee approved the fiscal year 2020 Financial Services and General Government bill, which included the MJ banking measure, by a vote of 30-21. The marijuana banking […]

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Ohio board postpones decision to add new medical cannabis qualifying conditions

The State Medical Board of Ohio delayed a vote on including anxiety and autism spectrum disorder to the state’s list of qualifying conditions for medical marijuana, which could have added new opportunities for MMJ businesses in the state. Board President Dr. Michael Schottenstein said Wednesday the vote would be delayed to give two new board […]

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New Jersey governor wants several changes in medical cannabis bill

New Jersey Gov. Phil Murphy outlined at least five changes he’d like to see in a medical marijuana expansion bill currently under consideration by state lawmakers, including the elimination of a 6.625% sales tax within three years. The changes, according to NJ Advance Media, provide more specifics than previously reported. In addition to eliminating the […]

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Cannabis firm Acreage, Maine partner might sue over state residency requirements

The largest medical marijuana company in Maine threatened to sue the state if it doesn’t alter course on proposed residency requirements for recreational cannabis business permits. According to the Portland Press Herald, MMJ provider Wellness Connection has financial ties to New York-based multistate operator Acreage Holdings, and the recreational rules as currently written would prohibit […]

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New Mexico regulators suggest new cap on medical cannabis production

New Mexico is proposing new medical marijuana production rules that the state said are designed to shore up supplies to its MMJ program without flooding the rapidly expanding market. Here’s what you need to know: The Department of Health published a proposal Tuesday to limit medical cannabis cultivation to 1,750 mature plants per licensed producer. […]

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New Jersey Assembly delays action on medical marijuana expansion bill

The New Jersey Assembly postponed voting Monday on a medical cannabis expansion measure to avoid walking into a possible veto by Gov. Phil Murphy. Lawmakers instead plan to try to resolve disagreements with Murphy’s office over the bill’s tax rate and program oversight provisions, NJ.com reported. While the legislation has been slowly working its way […]

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Farmer advocacy group backs New York’s adult-use cannabis legalization effort

New York’s largest advocacy group for farmers has come out in support of a bill to legalize recreational marijuana, a measure that, in its current form, would give farmers priority status for cannabis cultivation licenses. The New York Farm Bureau said in a statement that farmers “recognize the potential opportunity” of growing marijuana for the […]

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Florida agriculture chief forms panel aimed at improving medical marijuana market

Florida Agriculture Commissioner Nikki Fried announced the members of her newly created advisory committee to advance the state’s medical cannabis policies, which could potentially bolster MMJ business in the state. The 18-member committee, which includes several of the state’s cannabis industry executives, will meet bimonthly to work to improve patient access, technology, innovation and other […]

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Nevada’s top prosecutor won’t promise hands-off treatment of cannabis industry

Nevada’s top federal prosecutor is making things a little more uncertain for the fast-growing cannabis industry in the state, saying that he isn’t ruling out the possibility of prosecuting marijuana businesses – but it’s not at the top of his list. U.S. Attorney Nicholas Trutanich told the Reno Gazette Journal he believes drug use and […]

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Arizona may be on verge of requiring medical marijuana testing

Arizona Gov. Doug Ducey has until Saturday to decide whether to sign legislation that would require medical marijuana and derivative products to be tested by an independent lab for pesticides, fungus, heavy metals and other impurities starting Nov. 1, 2020. Senate Bill 1494 also would require the state Department of Health Services to issue lab […]

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Terra Tech pays $6.3 million to settle Nevada marijuana claim

Terra Tech, a California-based cannabis operator, agreed to pay $6.3 million to settle a lawsuit that alleged the company siphoned money from a Nevada dispensary for its other ventures. The February settlement, reported Thursday by the Reno Gazette Journal, stemmed from a lawsuit filed last year by Heidi Loeb Hegerich, a businesswoman who co-owned the […]

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