New York Medical Cannabis Business & Marijuana Legal News

New York plans to allow medical cannabis as opioid substitute

One of the more restrictive medical marijuana programs in the United States might soon allow the use of MMJ as an alternative to opioids, a move that could provide a much-needed boost to the state’s cannabis businesses. The New York health department plans to develop regulations giving people the choice of enrolling in the state’s […]

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Cannabis, hemp and CBD company mCig expands into California marijuana market

Jacksonville, Florida-based mCig announced it’s getting into the California marijuana market, with the acquisition of a 2.5-acre property in California City, north of Los Angeles. The diversified cannabis company will set up a 30,000-square-foot indoor marijuana cultivation operation, with the option to expand it to 50,000 square feet, according to a news release. Also, mCig […]

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New York medical cannabis company Etain expanding into California

One of New York state’s 10 medical cannabis companies is expanding into California with plans to enter the Golden State’s recreational market. Etain Health, one of New York’s first five MMJ business license winners in 2015, is collaborating with West Sacramento Management Group, a licensed California cannabis distributor, the Sacramento Business Journal reported. Hillary Peckham, Etain’s […]

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Week in Review: Connecticut medical marijuana hopefuls, PA suit & Florida hits 100,000 patients

Connecticut receives dozens of applications from aspiring medical cannabis entrepreneurs, a Pennsylvania court tosses a lawsuit that could have undone the state’s medical marijuana program, and Florida hits 100,000 MMJ patients. Here’s a closer look at some notable developments in the marijuana industry over the past week. East Coast MMJ rising News that Connecticut regulators received […]

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Liquid-soluble THC comes to New York as regulators move to further boost MMJ market

In a sign that New York’s medical marijuana market continues to open up, regulators have given approval to an MMJ business to start selling a liquid soluble cannabis powder, a first for the state. Etain, based in Chestertown, currently is the only MMJ company in the state selling the liquid-soluble THC product, the company said in […]

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Chart: US hemp production soars in 2017

Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]

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US marijuana retail chain MedMen to partner with Canadian producer Cronos

Two major cannabis companies – Los Angeles-based MedMen and Ontario-based Cronos Group – have announced a joint venture to bring MedMen’s retail expertise to Canada. According to a news release, the collaboration will result in the formation of MedMen Canada. MedMen currently has operations in California, Nevada and New York; Cronos has concerns throughout Canada […]

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Mainstream magazine honors cannabis software company

LeafLink, an online inventory and ordering platform for the marijuana industry, has been chosen one of the “Top 10 Most Innovative Companies in Enterprise” by a traditional business publication. Fast Company‘s inclusion of LeafLink on its select list put the software firm in the company of such mainstream businesses as online retail giant Amazon, productivity […]

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A $1 billion cannabis company? Recent deals shed light on marijuana valuations

Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion? Captor Capital, a Toronto-based investment firm, certainly thinks so. In January, Captor announced it entered into a nonbinding letter of intent to purchase 3% of the California-based cannabis management and investment firm MedMen Enterprises for $30 million. The […]

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New York medical cannabis company sells for $18 million in cash, stock

The latest sale of a New York state medical marijuana business license is now a done deal. iAnthus Capital Holdings on Thursday completed the acquisition of Citiva Medical, one of 10 MMJ licensees in New York, for roughly $18 million, according to a news release. New York-based iAnthus paid $3.6 million in cash plus $14.4 […]

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US cannabis firm MedMen to go public in Canada to ‘add jet fuel’ to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Canada later this year, CNBC reported. The company will list its shares on the Canadian Securities Exchange (CSE). The move into Canada […]

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