Mexico prepares to become the most populous nation in the world to legalize adult-use marijuana, vape company Pax cuts 25% of its workforce, governors of Northeast states consider working together to legalize recreational MJ – and more of the week’s top cannabis business news. Mexico prepares to legalize recreational cannabis Mexico’s Senate is ready to receive a […]
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Experts weigh in on prospects for regional cannabis coordination among US Northeast governors
Democratic governors from five states in the Northeast last week agreed on core principles for a legal recreational marijuana industry across the region. The idea is that there would be uniform standards for market regulation, including: Licensing. Taxation. Minority participation. Small-business participation. THC potency. But how realistic is it that the Northeast could, in effect, become […]
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Buying cannabis licenses on secondary market more of a sure bet than applying for state business permits
As the marijuana industry matures and companies expand, many smaller, original growers and retailers are putting their licenses up for sale through the secondary market – much like selling a house. The growing trend is giving cannabis entrepreneurs a new avenue to secure a valuable business permit versus going through the state application process, which […]
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Pennsylvania governor says he’s ready to legalize recreational cannabis
Pennsylvania Gov. Tom Wolf is now in favor of legalizing marijuana for recreational use, which, if his efforts are successful, could potentially create a $1 billion-plus adult-use market in the state of 12 million people. Wolf says that that most of the state’s residents support it. He added that the state has a wealth of […]
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NY governor wants Northeast region to work together on recreational marijuana, vaping
New York Gov. Andrew Cuomo is urging neighboring states to work together on future recreational cannabis policies – a move that could potentially create a more level playing field for marijuana businesses in adjoining states if adult use is approved. The Democratic governor also wants states near New York to work together on vaping regulations. […]
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New Jersey cannabis trade group investigating itself
The New Jersey Cannabis Industry Association (NJCIA) paid $7,500 to an outside consultant to investigate potential “ethical concerns” within its own operations. NJ.com reported that a three-member subcommittee recommended hiring an “independent, outside professional” to present its investigation to the full board. The specific allegations were not mentioned in a letter from the subcommittee, but […]
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How state cannabis regulatory agencies across the U.S. have responded to the vaping health crisis
State regulators overseeing the legal marijuana industry are adopting a wait-and-see stance as the industry determines what exactly is causing the health problems related to vaping, although California has come down more decisively against vaping of all forms. For the most part, regulators in more than a half dozen states are reacting cautiously while public […]
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Cannabis industry insiders brace for potential fallout as health officials report new vaping deaths, issue warnings
U.S. health officials were once again cautioning the public to refrain from using vaping products as related respiratory illnesses and even deaths continued to be disclosed last week. As of Friday, officials linked at least five fatalities to e-cigarettes and electronic marijuana vaping devices. The outbreak has some in the cannabis industry expecting at least a […]
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Chart: Medical marijuana markets expanding at varying rates, with Oklahoma, Florida setting the pace
While medical marijuana is legally available in 36 states and Washington DC, the fragmented nature of the industry – each state creates its own set of rules – means each market grows at a different rate. The new quarterly release of the Marijuana Business Factbook presents updated profiles of each state market, highlighting the growth […]
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Key New Jersey lawmaker: Legislature may try again to legalize adult-use cannabis
New Jersey lawmakers may take one last stab at legalizing recreational marijuana. “I’m not going to give up trying,” state Senate President Stephen Sweeney told NJ.com. “We’ll make one more run at it,” the Democrat told the publication. Sweeney, a longtime MJ backer, pulled the plug on the effort in May when it became obvious […]
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Marijuana Business This Week: Utah selects growers, CBD comment period ends, NJ to post MMJ apps & more
Here are some notable stories and events in the cannabis industry to watch for in the coming days.
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New Jersey governor signs pro-business medical cannabis expansion bill
New Jersey Gov. Phil Murphy on Tuesday signed a bill to expand the state’s medical marijuana program, a day after his administration announced plans to issue 24 additional MMJ licenses. The expansion plans will offer significant business opportunities in light of the New Jersey Legislature’s failure to legalize recreational marijuana. Rapid patient enrollment and continuing robust […]
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