New Jersey legislative committees advance potentially groundbreaking adult-use cannabis legislation, an Ohio credit union offers limited banking services to medical marijuana companies, and sales are booming at Massachusetts’ first two recreational MJ stores. Here’s a closer look at some notable developments in the marijuana industry this week. Garden State marijuana legislation moves Cannabis businesses are […]
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New Jersey legislative committees advance adult-use cannabis legislation
New Jersey took a big step Monday toward becoming the latest state to legalize recreational marijuana when separate panels in the Senate and the Assembly approved identical legislation and sent it to the full Legislature for a vote. Gov. Phil Murphy, a pro-marijuana Democrat, has said he wants a legalization bill to be sent to his […]
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New Jersey lawmakers unveil legislation proposing legalizing adult-use cannabis
New Jersey lawmakers released their latest proposal to legalize recreational marijuana in the state. A joint Democrat-led Assembly and Senate committee is expected to discuss the package of measures on Nov. 26. It’s the latest draft in a long-running effort to legalize recreational cannabis in New Jersey, where the effort has stalled, despite support from […]
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Cannabis business predictions take center stage at MJBizCon 2018
Three more states could prove likely candidates to legalize recreational cannabis in 2019. Uncle Sam may be poised to reform the nation’s marijuana laws. And annual medical marijuana sales in the United States are projected to drop for the first time in 2018 – but the decline is expected to prove short-lived. Those were just three […]
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Week in Review: Arizona AG ditches anti-hashish stance, MMJ gains in NJ-PA & CA updates proposed cannabis rules
Arizona’s attorney general abandons his bid to make medical cannabis hashish illegal, New Jersey and Pennsylvania report sizable gains in their MMJ patient populations, and California releases its latest draft of permanent rules for the cannabis industry. Here’s a closer look at some notable developments in the cannabis industry this week. Arizona high court likely […]
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New Jersey lawmakers say adult-use cannabis vote likely won’t happen Oct. 29
New Jersey’s legislative leaders reported that a vote to legalize recreational marijuana they penciled in for next week now appears unlikely. Democratic Assembly Speaker Craig Coughlin said Monday at an unrelated news conference in the statehouse that he does not anticipate a vote on Oct. 29. State Senate President Steve Sweeney said he believes the […]
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New Jersey medical marijuana patients double since new conditions added
Illnesses added to New Jersey’s list of conditions for medical marijuana usage have helped double the number of MMJ patients in the state to 34,000 since the beginning of the year. New Jersey’s Health Department said Monday that the majority of the 17,000 new patients have one of five medical conditions that Gov. Phil Murphy, […]
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New Jersey medical cannabis dispensaries can now post prices online
New Jersey is allowing medical marijuana dispensaries to advertise prices on their websites and social media, a move generally welcomed by the state’s cannabis industry as a way to differentiate offerings. “Certainly it’s going to be good for businesses,” said Scott Rudder, president of the New Jersey CannaBusiness Association. “It gives them the opportunity to show […]
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NJ medical cannabis program delayed by glut of dispensary applications
New Jersey’s medical marijuana program regulators won’t make the Nov. 1 deadline to announce the winners of six additional dispensary licenses. Demand for medical marijuana in the Garden State spurred New Jersey Gov. Phil Murphy in July to call for doubling the number of dispensaries, from six to 12. But the state has been flooded with […]
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Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp
Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]
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New legislation could boost New Jersey’s medical marijuana patient population
New Jersey medical marijuana companies might see more patients thanks to proposed legislation that would make it easier for state regulators to approve new conditions that can be treated with MMJ. The measure is contained in a legalization bill unveiled last month that would create a recreational marijuana industry and make changes to the state’s existing medical […]
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New Jersey medical cannabis expansion attracts multistate MMJ businesses
A number of multistate operators are vying for the coveted six additional medical marijuana licenses in New Jersey’s rapidly growing MMJ industry, underscoring the increasing attraction of the Garden State market. The New Jersey Department of Health has made the list of applicants available but said no further information would be released until the licenses […]
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November/December Issue
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