More than 60% of the U.S. population now lives in states that have legalized some form of marijuana use and sales, illustrating both the rising acceptance of cannabis nationwide and the industry’s immense potential for future growth. Several medical marijuana and recreational programs have yet to get off the ground, however. Here’s an update on […]
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Week in Review: Medical marijuana research, Louisiana lawsuit & Ohio’s extra MMJ license
Pennsylvania approves eight universities to conduct medical marijuana research, a company spurned for a Louisiana license sues the state, and Ohio awards an additional MMJ permit.
Here’s a closer look at some notable developments in the cannabis industry over the past week.
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Spurned medical cannabis applicant in Louisiana sues state
A business that lost out on a medical marijuana dispensary license in New Orleans sued the Louisiana Board of Pharmacy, charging that the agency was “arbitrary and capricious” in awarding the metro area permit to the fourth-ranked applicant. In a lawsuit filed this week, RX Greenhouse of Metairie said it not only had been ranked […]
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Louisiana university’s medical cannabis partner undergoing ownership feud
Southern University in Louisiana has contracted with a company to run the school’s medical marijuana program, but the firm’s principals are embroiled in an ownership struggle. According to The Advocate, the Baton Rouge university said Thursday it had signed a contract with the two majority owners of Advanced Biomedics. Southern picked the company last fall […]
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Louisiana closing in on expanded conditions list for medical cannabis program
Medical marijuana businesses would be permitted to sell MMJ to treat more diseases and disorders under two bills that are steps from final passage. Doctors could recommend medical cannabis for five conditions contained in House Bill 579, which Senators approved 25-9 on Wednesday: Glaucoma Severe muscle spasms Intractable pain Post-traumatic stress disorder Parkinson’s disease The Senate […]
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Exclusive: US marijuana sales may reach $10 billion this year, $22 billion by 2022
Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year – a nearly 50% increase from 2017 – and rise as high as $22 billion by 2022. That’s according to exclusive projections from the 2018 edition of the Marijuana Business Factbook released Wednesday at the […]
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Louisiana medical marijuana company sues university over production deal
A Louisiana company picked to be one of just two medical marijuana producers in the state has filed suit against the university that hired it last year, claiming the deal was negotiated by a minority stakeholder and the full company is not bound by the terms. According to WAFB, Lafayette-based Advanced Biomedics – selected last fall […]
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Louisiana medical marijuana program advances, but progress slow and questions swirl over future
Louisiana is preparing to launch its medical marijuana program later this year, although concerns persist about its long-term viability because of current limits on the number of MMJ products and treatable conditions, among other factors. The state Board of Pharmacy recently awarded permits to nine medical pharmacies statewide to dispense MMJ products, and two state universities […]
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New Orleans medical marijuana pharmacy gets green light
There was a come-from-behind win in the race for New Orleans’ first medical marijuana dispensing license Tuesday, when H&W Drug Store was awarded the lone license to dispense MMJ in a region of Louisiana that includes the state’s biggest city. The decision by the state Pharmacy Board to pick the fourth-ranked application upended rankings suggested […]
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Louisiana House backs expansion of medical cannabis program
Louisiana lawmakers are moving to expand the state’s medical marijuana program, as the product nears availability within months. The House voted 60-39 Thursday to add more conditions to the list of diseases and disorders eligible for marijuana treatment, a move that would be a boon for MMJ sales. Rep. Ted James’ proposal would include glaucoma, […]
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Louisiana medical cannabis advocates worry about viability of state’s program
As the launch of Louisiana’s medical marijuana program approaches – sales may begin as soon as September – some stakeholders are beginning to raise concerns about whether private companies that have dispensing licenses are going to be able to survive financially. At the top of the list of those concerned is state Sen. Fred Mills, […]
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Louisiana activists seek to expand medical cannabis conditions list
Medical marijuana may be legal in Louisiana, but not for everyone who wants or needs it. That’s a situation some activists are already pushing to fix. They want to add post-traumatic stress disorder and chronic pain to the current list of medical ailments that will qualify patients for MMJ under the state’s restrictive program, KNOE […]
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How to stake a claim in a multibillion-dollar international cannabis market