Alternative Medical Enterprises, a multistate medical marijuana producer and dispensary operator, has secured $35.4 million in a private placement financing from a Pennsylvania-based investment group. The massive investment will allow the Sarasota, Florida-based firm to launch a major expansion in the United States and internationally, said Matthew Duffy, president and chief operating officer of the […]Read More
Connecticut receives dozens of applications from aspiring medical cannabis entrepreneurs, a Pennsylvania court tosses a lawsuit that could have undone the state’s medical marijuana program, and Florida hits 100,000 MMJ patients. Here’s a closer look at some notable developments in the marijuana industry over the past week. East Coast MMJ rising News that Connecticut regulators received […]Read More
Florida’s rapidly expanding medical marijuana program just hit the 100,000 patient mark, potentially paving the way for state regulators to approve more MMJ businesses. After voters passed a ballot initiative in 2016 legalizing the sale of medical marijuana, the state medical marijuana regulations were written to add four “contingent licenses” when the patient pool hit […]Read More
Federal tax authorities have ordered two South Florida breweries to stop selling craft beer infused with cannabis terpenes oil, putting a damper on their 4/20 party plans. The cease-and-desist letters were issued over the past week to Invasive Species Brewing in Fort Lauderdale and Devour Brewing in Boynton Beach, according to SouthFlorida.com. The federal Alcohol […]Read More
An Illinois bank stops serving Illinois medical marijuana businesses, Massachusetts begins its recreational cannabis licensing process, and a Florida MMJ company takes the state to court. Here’s a closer look at some notable developments in the marijuana industry over the past week. Illinois banking issue The Bank of Springfield’s decision to quit working with Illinois […]Read More
Trulieve, one of Florida’s fastest-growing medical marijuana businesses, is suing the state to allow the company to launch more dispensaries. According to Florida Politics, Trulieve has lobbed a “constitutional challenge” at the Florida health department over how many stores it can open and where they can be located. Here’s what you need to know: Trulieve’s complaint, […]Read More
A new lawsuit aims to turn Florida’s medical marijuana program – possibly one of the most profitable MMJ markets in the United States – into a more free-market system. According to the Miami New Times, the suit – filed by the Patients and Producers Alliance – is attempting to force Florida’s health department to issue far […]Read More
Colorado-based Helix TCS, a publicly traded ancillary marijuana company, said it signed a merger agreement with BioTrackTHC, a Florida-based seed-to-sale cannabis tracking software company.
The deal’s price tag wasn’t disclosed.
According to an 8-K filing, BioTrackTHC stakeholders will own 48% of Helix TCS once the merger is finalized.Read More
Legislation that could enable a black farmer to receive a Florida license to grow medical marijuana is headed to the governor’s desk. The Senate on Thursday passed HB 6049, which removes the provision that a black farmer must be a member of the Florida chapter of the Black Farmers and Agriculturalists Association to be eligible […]Read More
Florida medical cannabis producers are seeing increased sales thanks to their ability to deliver products to customers at home. Some companies report that up to 50% of their sales stems from home deliveries, according to the Fort Myers News-Press. Florida has 28 operational MMJ dispensaries in the state as of this week, the newspaper reported. […]Read More
A hearing on Florida’s ban on smokable forms of medical cannabis will be heard by a circuit court judge in May. Leon County Judge Karen Gievers will hold a nonjury trial on May 16 to determine if the ban violates the 2016 state constitutional amendment that legalized medical marijuana. People United for Medical Marijuana, which […]Read More
The Green Solution, one of Colorado’s largest retail marijuana chains, has received the OK to open three medical marijuana dispensaries in Florida. That approval did not come without a fight, however. The Denver-based company’s expansion into the Sunshine State is the result of a settlement approved this week by commissioners in Osceola County. As part of the […]Read More
- June 4, 2019
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