Maryland Medical Cannabis Business & Marijuana Legal News

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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Chart: Diversity still a hot topic in Maryland’s medical marijuana industry

Over 35% of those with an ownership stake in a Maryland medical marijuana company – and nearly 60% of those employed by MMJ businesses – are racial minorities, according to preliminary data released by the Maryland Medical Cannabis Commission. But some industry watchers believe those numbers don’t tell the whole story and still contend that […]

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Maryland medical marijuana commission hires executive director

Only days after legal medical marijuana sales began in Maryland, the state’s MMJ commission has hired a new director. Joy Strand, a hospital executive, is replacing Patrick Jameson, who resigned in November. Jameson took the post in April 2016, succeeding Hannah Byron, the commission’s first executive director. Here’s what you need to know: Strand had […]

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Week in Review: Michigan MMJ rules, WA halts hemp licensing & Maryland supply shortfall

Michigan sets emergency rules for its medical marijuana program, Washington state stops issuing hemp licenses, and Maryland MMJ businesses encounter a supply shortage after sales begin. Here’s a closer look at some notable developments in the marijuana industry over the past week. Michigan making progress Michigan is one of the latest state medical cannabis markets […]

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Days after opening, Maryland medical marijuana dispensaries sell out of product

The celebration at most of Maryland’s medical marijuana dispensaries didn’t last long. After a four-year-plus wait, medical cannabis sales at a handful of the state’s 10 fully licensed dispensaries began Friday to patients who waited in line for hours. But dispensary owners didn’t receive as much product as hoped and were forced to limit customers to […]

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