Marijuana Legalization and Regulatory News for Cannabis Businesses

Michigan medical cannabis businesses to pay tiered license fees

Medical marijuana businesses in Michigan soon will face a new licensing fee structure that will increase renewal costs for large growers but lower them for dispensaries. The tiered pricing structure for the state’s 250 MMJ businesses will go into effect Oct. 1, according to Mlive.com. “We want to make the fees reasonably related to the […]

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Week in Review: Louisiana medical marijuana kickoff, Dixie-Arizona Iced Tea team, NM reciprocity & more

Sales begin in the long-delayed Louisiana medical marijuana market, MJ-infused product brand Dixie signs a licensing deal with Arizona Iced Tea’s parent, a New Mexico judge’s ruling could open MMJ sales to out-of-state patients – and more of the week’s top cannabis business news. MMJ sales begin down on the bayou After years of waiting, […]

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Key New Jersey lawmaker: Legislature may try again to legalize adult-use cannabis

New Jersey lawmakers may take one last stab at legalizing recreational marijuana. “I’m not going to give up trying,” state Senate President Stephen Sweeney told NJ.com. “We’ll make one more run at it,” the Democrat told the publication. Sweeney, a longtime MJ backer, pulled the plug on the effort in May when it became obvious […]

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Cresco receives regulatory approval for New York marijuana license deal

Chicago-based Cresco Labs, one of the country’s largest multistate cannabis operators, received regulatory approval to acquire one of only 10 vertically integrated licenses in New York. The license, which will allow for one cultivation and four dispensary facilities in the state, is linked to Cresco’s purchase of Valley Agriceuticals. The acquisition is expected to close […]

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Utah high court dismisses medical cannabis lawsuit, but another still alive

A lawsuit aimed at overturning a move by Utah lawmakers to replace a more liberal medical marijuana system with a more restrictive one came to an end in the state Supreme Court. But a second lawsuit is still working its way through the system. According to Salt Lake TV station KSTU, the original suit, filed by […]

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Judge rules New Mexico must open medical cannabis market to nonresidents

In a development that could boost the medical marijuana market in New Mexico, a district court judge ordered the state to begin issuing cards to qualified MMJ patients regardless of where they live. The crux of the issue, according to NM Political Report, is a change in the state’s medical cannabis law that generically defines a […]

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Federal credit union regulator espouses hands-off marijuana policy

Credit unions in state-legal markets won’t risk punishment for providing services to marijuana-related businesses as long as they follow strict banking regulations, a federal credit union regulator said. “It’s a business decision for the credit unions if they want to take the deposits,” National Credit Union Administration (NCUA) chair Rodney Hood told the Credit Union […]

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Iowa adds chronic pain for medical cannabis; sales boost expected

An Iowa state board added chronic pain as a qualifying condition to use medical marijuana, a development that should increase sales in the state’s heavily regulated market. Chronic pain generally tends to lead sales for medical conditions in many states. While approving chronic pain, the Iowa Medical Cannabidiol Board rejected anxiety disorder and opioid dependence […]

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West Virginia’s medical cannabis delays test patience of marijuana business owners

A likely yearslong delay in the launch of West Virginia’s medical marijuana program reflects the uncertainties cannabis entrepreneurs face when vying to enter certain conservative states. State officials blame the holdup on a struggle to provide banking services for the program. But the advocacy group Marijuana Policy Project recently noted that a leading federal prosecutor […]

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Colorado now allows medical cannabis as alternative to opioids

A new law went into effect Aug. 2 that permits Colorado doctors to recommend medical marijuana in lieu of opioids, a development that could boost MMJ sales in the state. In 2017, 3.7 million opioid prescriptions were issued in Colorado, according to the state’s drug-monitoring program. State health officials reported 1,635 overdose deaths caused by […]

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