Maryland Medical Cannabis Business & Marijuana Legal News

Week in Review: White House versus hemp, CA crackdown & Massachusetts’ MMJ shortfall worries

The Trump administration opposes nationwide hemp production, California takes action against unlicensed marijuana businesses, and Massachusetts fears a medical cannabis shortage. Here’s a closer look at some notable developments in the marijuana industry over the past week. Hemp sector fires back The hemp industry gasped this week when a Trump administration official said hemp production […]

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Maryland medical cannabis businesses settle lawsuit that threatened program

A lawsuit that might have been disastrous for the Maryland medical marijuana industry has ended. The Baltimore Sun reported the suit, filed by Alternative Medicine Maryland, was settled Thursday after 16 months, removing a case that aimed to scuttle existing MMJ cultivation licenses and begin the application process once again. The MMJ company, which was […]

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Kush Bottles teams with Merida, snags $6 million investment

Kush Bottles, a California-based cannabis packaging company, has entered a partnership with a Maryland-based marijuana infrastructure fund that includes a $6 million investment. According to a news release, Merida Capital Partners’ equity investment in Kush Bottles (OTC: KSHB) is intended to assist the Santa Ana company as it expands its product line, creates more distribution channels […]

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Two medical marijuana dispensaries open in Baltimore

Baltimore’s first two medical marijuana dispensaries have opened their doors. Maggie’s in Hampden became the first dispensary to begin sales in Maryland’s largest city when it opened Jan. 31, and Pure Life Wellness in Federal Hill opened Wednesday, The Baltimore Sun reported. The two dispensaries are among 11 expected to open in Baltimore, according to the […]

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Study urges greater role for minorities in Maryland medical marijuana program

Maryland’s medical marijuana program put minority applicants for business permits at a disadvantage, according to a new study that recommended race be factored into any future MMJ licensing. The study’s author – Jon Wainwright, managing director of NERA Economic Consulting – said the findings support “the use of race- and gender-based measures to remediate discrimination affecting […]

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19 attorneys general urge Congress to give cannabis states access to banking

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 […]

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Week in Review: New York medical cannabis, the future of Colorado hemp & Maryland banking

New York approves an expanded line of medical marijuana products, a Colorado hemp producer departs for Arkansas, and a Maryland credit union welcomes MMJ businesses. Here’s a closer look at some notable developments in the marijuana industry over the past week. New York blues It’s bullish news that one of New York’s licensed medical marijuana […]

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Maryland credit union to cannabis businesses: We’re open

An aptly named credit union in Maryland is ready and willing to serve the state’s medical marijuana businesses. And it’s doing so with the knowledge it has some federal support. The Bulldog Federal Credit Union, a federally chartered institution founded in 1968 in Washington County, made its announcement less than a week after Attorney General […]

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Colorado marijuana edibles maker Wana Brands expands into Arizona

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.

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Maryland community bank accepting marijuana business accounts

A local bank in Maryland is helping medical marijuana businesses alleviate a major headache in the cannabis industry. According to The Washington Post, two marijuana dispensaries and two cultivators have opened accounts with Severn Savings Bank, an Annapolis community bank owned by publicly traded Severn Bancorp. This is an operational boon for any cannabis business, […]

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Week in Review: Marijuana fund raises, more Maryland dispensaries & Alaska edibles maker shut down

Two ancillary marijuana companies announce huge fund raises, Maryland approves 12 more medical cannabis dispensaries, and Alaska regulators shut down an edibles company. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of the times? Significant capital raises by a pair of cannabis-focused technology companies portend what […]

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Maryland approves a dozen more medical marijuana dispensaries

Maryland regulators have given final approval to another 12 dispensaries to begin selling medical marijuana, bringing the number of formally approved retail outlets to 22. But finding enough cannabis to supply those retailers remains a challenge. Regulators told the Baltimore Sun the supply issue likely won’t be ironed out until at least March. Here’s what […]

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