Maryland regulators approved seven additional medical marijuana dispensaries and one processor, their latest step to expand the state’s recently launched MMJ industry. The state now has almost 50 licensed dispensaries, The Sun reported. More than 40 are open, according to the newspaper, a sign that the state’s long-delayed MMJ program is gaining traction. Eventually, 102 MMJ […]Read More
Maryland lawmakers agreed to expand the state’s medical marijuana industry, in large part to resolve a conflict over minority representation in the business. Under the terms of a deal passed Monday by both chambers in the state legislature, Maryland regulators will award another 20 business permits – seven for cultivation and 13 for processing, the Baltimore […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]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
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 […]Read More
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 […]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
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, […]Read More
- April 20, 2018
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