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
Bank of Springfield, the main financial institution that serves Illinois medical marijuana businesses, will stop working with the state’s MMJ industry, forcing local cannabis companies to deal in cash or find another alternative. According to the Chicago Tribune, the bank informed its clients last month that their accounts will be closed May 21. The move […]Read More
By an overwhelming margin, Chicago metro area voters told lawmakers they want legal cannabis. In a vote on a nonbinding referendum that asked locals if they want the state to legalize recreational marijuana, 63% of Cook County voters responded “yes,” the Chicago Tribune reported. The county – which includes more than 130 municipalities, including Chicago […]Read More
The Illinois Department of Public Health has appealed a decision to add severe pain as a qualifying condition for medical marijuana in a case that could greatly expand access to the drug in the state. The appeal comes weeks after a Cook County judge ordered the health department to add “intractable pain,” or severe and […]Read More
Illinois’ medical marijuana program grew at a solid, consistent pace throughout 2017, but the potential addition of intractable pain as a qualifying MMJ condition in the state could set the table for a breakout year in 2018. Illinois added 14,000 MMJ patients to its rolls over the course of 2017 – an 88% increase – […]Read More
An Illinois judge has ruled the state must add intractable pain to the list of medical marijuana qualifying conditions, a move that could greatly expand sales at the program’s 53 dispensaries. The state health department initially rejected intractable pain as a condition, but Cook County Judge Raymond Mitchell ordered the department to include it, the Chicago […]Read More
A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as the Secure and Fair Enforcement Banking Act (SAFE). Congressman Ed Perlmutter, D-Colorado, introduced […]Read More
As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona.
According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state.
Wana Brands’ products will be manufactured and distributed through an agreement with AltMed Arizona.Read More
By Omar Sacirbey
Marijuana businesses seeking to market their brands are often caught between restrictions that forbid them from using most mainstream advertising platforms and the financial constraints that young industries typically face.
That tough situation has pushed many marijuana businesses toward billboards as an advertising option.Read More
By Kristen Nichols
A flurry of marijuana and hemp lawsuits are roiling the cannabis industry’s confusing intellectual property landscape, with trademark and trade-secret fights signaling big changes for the business.
The legal disputes – from Ohio to California – show that long-simmering tensions over intellectual property in the cannabis sector are growing as the industry matures.Read More
Medical marijuana research firm Tikun Olam has expanded its partnership with a canna-centric Massachusetts holding company that will eventually increase the Israeli business’ U.S. footprint to seven states. Under its new agreement with Newton, Massachusetts-based holding company MariMed, Tikun Olam’s MMJ products will be grown, manufactured and sold in four states where MariMed has a presence – […]Read More
By John Schroyer Cannabis entrepreneur Todd Mitchem announced in a late-August email blast that he’s running for Congress, and the subject line even referred to the Coloradan as a “marijuana industry leader.” He’s one of at least five current candidates for public office around the United States who have direct professional connections to marijuana.Read More
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