Marijuana Legalization and Regulatory News for Cannabis Businesses

MA cannabis business applicant rejected for lack of diversity, inclusion plans

Massachusetts regulators denied Pittsfield-based Mass Yield Cultivation a marijuana license for not sufficiently showing in its application a commitment to diversity and inclusion plans. The news underlines why marijuana firms in the state must carefully outline their diversity plans as they apply for a permit. This appears to mark the first time the state’s Cannabis Control […]

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Washington state lawmakers approve multiple marijuana bills before deadline

Legislators in Washington state passed several cannabis bills of interest to the marijuana industry in the final days of the session that concludes by Sunday. The measures include one that reforms enforcement procedures and another that allows MJ product labels to convey their intended use, such as to help people sleep. The bills now will […]

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$420M raise sets US cannabis industry record, Bank of America begins marijuana coverage, MedMen exec turnover & more of the week’s top MJ news

Vaporizer company Pax Labs boasts a record funding raise, Bank of America kicks off coverage of the marijuana sector, more MedMen execs bid the company adieu – plus other important news from around the cannabis industry. Pax sets record for U.S. cannabis firm raise Pax Labs, a San Francisco manufacturer of vape pens, raised $420 million, […]

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Alaska gov isn’t looking to repeal Marijuana Control Board this session

Alaska Gov. Mike Dunleavy does not plan to introduce legislation this session that would propose eliminating the board that regulates the state’s legal marijuana industry. Spokesman Matt Shuckerow said the decision was based on the time left in the session and the governor’s focus on other legislative priorities. It was unclear whether Dunleavy plans to […]

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ND implements changes to medical marijuana law that improve business viability

North Dakota Gov. Doug Burgum signed into law changes to the state’s medical marijuana law that will increase patient access and therefore expand business opportunities for cannabis license holders. According to a news release, the state health department has implemented the changes passed by the Legislative Assembly. Those changes include: Adding 12 qualifying conditions to the […]

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Alabama lawmakers take initial step of legalizing limited medical cannabis

Alabama lawmakers advanced a bill that would establish a limited medical marijuana sales and taxation program to treat debilitating illnesses and conditions. The Senate Judiciary Committee voted 6-2 in favor of the bill after a public hearing. The bill now moves to the full Alabama Senate, which is Republican-controlled. The bill by Republican Sen. Tim […]

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Helping banks play SAFE while serving the cannabis industry: Q&A with Congressman Ed Perlmutter

U.S. Rep. Ed Perlmutter, a Colorado Democrat, introduced legislation six years ago to provide federal protection to financial institutions that serve state-legal marijuana businesses. No one in Congress would give him the time of day. “Every time you brought marijuana up, there would be a chuckle,” Perlmutter recalled. “‘Oh, you’re from Colorado. Rocky Mountain High’ […]

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Federal marijuana reform may be entering new era, even if high hurdles remain

U.S. cannabis reform efforts have seen movement recently with a House committee’s endorsement of a banking bill and Attorney General William Barr’s comments that a federal shift would be preferable to the current “intolerable” situation. But the progress that marijuana businesses have awaited remains an uphill battle – with Senate leadership a key hurdle – […]

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Michigan regulators polling prospective recreational marijuana licensees

Michigan cannabis officials are surveying potential adult-use marijuana business license applicants to ensure the department is adequately staffed to handle the application process for permits. According to MLive.com, the Department of Licensing and Regulatory Affairs (LARA) is seeking answers to a variety of questions, including: “Would you apply for an adult-use (recreational) establishment license if the […]

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Denver spurns proposal to ease social-use cannabis business restrictions

The Denver City Council narrowly rejected a proposal that would have relaxed rules for marijuana social consumption businesses, potentially allowing more to operate. The proposal was supported by seven of 12 councilors but failed to get the supermajority needed to change a voter-approved law, the Denver Post reported. The bill would have reduced from 1,000 […]

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Maine draft rules would limit adult-use marijuana business licenses to state residents

Maine’s proposed rules around the sale of recreational cannabis would for the first two years limit licenses to state residents. After the release of the state’s long-awaited draft rules on Monday, regulators asked for comment from the public, which is an opportunity for cannabis business owners to offer feedback. Maine residents voted in favor of […]

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