Connecticut Medical Cannabis Business & Marijuana Legal News

Acreage Holdings inks $72 million cannabis real estate deal

Acreage Holdings, a multistate marijuana operator, signed a sale-leaseback deal valued at more than $72 million for cannabis facilities in several states with GreenAcreage Real Estate, a real estate investment trust (REIT) that focuses on the MJ space. New York-based Acreage Holdings said on Friday it already closed deals with GreenAcreage for facilities in Florida, […]

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Week in Review: Mexico moves toward recreational cannabis legalization, vape firm Pax cuts jobs, Northeast govs huddle & more

Mexico prepares to become the most populous nation in the world to legalize adult-use marijuana, vape company Pax cuts 25% of its workforce, governors of Northeast states consider working together to legalize recreational MJ – and more of the week’s top cannabis business news. Mexico prepares to legalize recreational cannabis Mexico’s Senate is ready to receive a […]

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Experts weigh in on prospects for regional cannabis coordination among US Northeast governors

Democratic governors from five states in the Northeast last week agreed on core principles for a legal recreational marijuana industry across the region. The idea is that there would be uniform standards for market regulation, including: Licensing. Taxation. Minority participation. Small-business participation. THC potency. But how realistic is it that the Northeast could, in effect, become […]

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Connecticut adds medical marijuana conditions

Connecticut lawmakers on Tuesday approved medical cannabis to treat an additional five conditions, which likely will boost MMJ sales in the state. The General Assembly’s Regulations Review Committee voted to add the conditions, including Tourette syndrome and intractable neuropathic pain. Legislators also approved medical marijuana as a treatment for patients younger than 18 with those same […]

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Northeast governors meet to create regional adult-use cannabis plan

Governors from New York, New Jersey, Pennsylvania and Connecticut are co-hosting a cannabis summit Thursday with legislative leaders and policymakers in an unprecedented move to coordinate recreational marijuana legalization efforts. The governors and policymakers also will be discussing the vaping crisis. The four Democratic governors – Andrew Cuomo of New York, Phil Murphy of New […]

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Connecticut closer to adding chronic pain for medical marijuana use

A Connecticut physicians panel recommended adding chronic pain that has lasted at least six months as a qualifying condition to use medical cannabis, which, if adopted, could provide a significant shot in the arm to the fast-growing market. The board of physicians also voted to recommend adding Ehlers-Danlos syndrome, a group of disorders that affects connective […]

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NY governor wants Northeast region to work together on recreational marijuana, vaping

New York Gov. Andrew Cuomo is urging neighboring states to work together on future recreational cannabis policies – a move that could potentially create a more level playing field for marijuana businesses in adjoining states if adult use is approved. The Democratic governor also wants states near New York to work together on vaping regulations. […]

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Cannabis industry insiders brace for potential fallout as health officials report new vaping deaths, issue warnings

U.S. health officials were once again cautioning the public to refrain from using vaping products as related respiratory illnesses and even deaths continued to be disclosed last week. As of Friday, officials linked at least five fatalities to e-cigarettes and electronic marijuana vaping devices. The outbreak has some in the cannabis industry expecting at least a […]

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Cannabis firm buys Denver-based Mary’s Brands

Colorado-based Mary’s Brands, the maker of a marijuana skin patch, was acquired for an undisclosed amount by BR Brands of Connecticut. BR Brands, based in Greenwich, Connecticut, owns and distributes a range of cannabis and hemp products. After the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an adviser. Denver-based […]

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Connecticut adds five medical cannabis conditions, will consider chronic pain

Medical marijuana companies in Connecticut likely will see a boost in business after the state expands its MMJ program with five new qualifying conditions. A board of physicians recommended the new conditions at the Department of Consumer Protection’s regular meeting Monday, and the agency’s commissioner promptly accepted them, according to the Hartford Business Journal. The new […]

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CT adult-use cannabis measure clears committee hurdle; prospects unclear

Legislation that could ultimately lead to legalized recreational marijuana in Connecticut has advanced. The General Assembly’s Judiciary Committee voted 21-19 in favor of a bill that outlines how marijuana use and sales would be legalized for those 21 years and older. But it remains unclear if there will ultimately be enough support for legalization this […]

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Green Thumb signs $80M deal to acquire Connecticut medical marijuana firm

Green Thumb Industries (GTI), a vertically integrated, multistate cannabis company, signed a definitive agreement to acquire Connecticut’s Advanced Grow Labs in a deal valued at roughly $80 million. Advanced Grow Labs, one of only four licensed medical marijuana cultivation and processing companies in the state, owns a 41,000-square-foot manufacturing facility in West Haven and a 46% […]

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