Medical marijuana grower and processor Cresco Labs has struck a partnership with edibles makers Kiva Confections to sell the California company’s infused chocolate products in Illinois.
A federal judge struck down an Illinois law barring medical marijuana businesses and canna-centric political action committees from donating to political campaigns, a decision that could give the state’s MJ industry a bigger say in local elections.
U.S. District Judge John Z. Lee ruled Friday that a state law preventing MMJ businesses from …
By Omar Sacirbey, John Schroyer and Bart Schaneman
A prominent marijuana pipe maker sues to defend its trademark, another state seeks Trump’s guidance on MJ banking, and adult-use cannabis sales continue to drop in Oregon.
Here’s a closer look at some notable developments in the marijuana industry over the past week.
By John Schroyer
After a landmark year in cannabis legalization, marijuana advocates have plenty of work left. And they’re not resting on their laurels.
The Marijuana Policy Project calculates a whopping 37 legalization bills for medical or recreational marijuana are likely to be introduced in 33 states and the District of Columbia in 2017.
Illinois’ state treasurer has joined California’s in requesting guidance from the new administration of President Donald Trump on banking regulations regarding its medical marijuana industry.
The California treasurer in December sent a letter to Trump noting that the refusal by many banks to work with state-legal cannabis companies could pose a serious …
Illinois’ medical marijuana market is posting record month-to-month increases across a number of categories, overcoming an initial slow start and building on recent gains, new state data show.
According to the Illinois Department of Health:
- The state’s 49 medical marijuana dispensaries saw a total of more than $36 million in retail sales …
By Eli McVey
Despite a slow start, Illinois’ medical marijuana program has been adding patients and increasing sales at a solid, consistent pace throughout 2016.
A cannabis-focused real estate investment trust has filed to list its shares on the New York Stock Exchange.
If approved, it would be the first marijuana-related company to list on the Big Board.
Innovative Industrial Properties, headquartered in San Diego but incorporated in Maryland, filed documents with the Securities and Exchange Commission on Monday saying …
A county judge in the Chicago area has ordered that the Illinois Department of Health add post-operative chronic pain to the list of qualifying conditions for residents who want to obtain medical marijuana, a move that could bring in more patients to the state’s MMJ program.
Cook County Judge Neil Cohen ordered the agency’s …
A pair of recent Massachusetts Institute of Technology graduates have packed up, moved to Chicago, and raised $4.5 million to launch a first-of-its-kind trading platform for industrial hemp.
The duo said traditional markets have overlooked hemp, Crain’s Chicago Business reported. And the two are off to a solid start, having won regulatory approval …
Illinois medical marijuana regulators today lifted an unusual prohibition on media outlets visiting the state’s cultivation facilities, a move growers hope will allow them to better educate patients and the public about their products.
The state’s new medical cannabis director, Jack Campbell, made the announcement in a hastily called conference call with cultivation company representatives, according …
Despite a slow start, Illinois’ medical cannabis industry is gathering momentum as evidenced by the steady growth in sales throughout this year.
In July, the state’s industry hit a new high, with $2.9 million in sales, according to the Chicago Tribune.
That’s up from $2.57 million in June, for a grand total of $16.3 …