New York Medical Cannabis Business & Marijuana Legal News

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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New York move to ban flavored e-cigs spurs cannabis vape concerns

New York Gov. Andrew Cuomo is pushing to enact a statewide ban on the sale of flavored e-cigarettes amid growing health concerns connected to nicotine and marijuana vaping. New York would be the second state after Michigan to take such action. Cuomo announced Sunday that the state health commissioner would be making a recommendation this […]

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New York requiring vaping warnings for medical cannabis stores

New York state plans to require health warning signs in medical marijuana dispensaries that sell vaping devices after hundreds of cases of lung illnesses believed to be related to the practice. According to Gov. Andrew Cuomo, the state also will issue subpoenas to three companies that sell a vaping liquid additive that New York health officials […]

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New York governor urges against vaping – with or without cannabis

New York Gov. Andrew Cuomo and the state’s health commissioner called for consumers to stop vaping in the wake of reports of deaths and sickness related to the practice. Many of those sickened said they’d been vaping THC, an active ingredient in cannabis. “People should not be using vaping products, period,” Cuomo told reporters. Dr. […]

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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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iAnthus reports higher marijuana revenues, smaller loss

New York-based iAnthus Capital Holdings, a multistate cannabis company, on Tuesday reported revenue of $19.2 million for the second quarter, an increase from $256,000 from the same period a year ago. The net loss for the quarter ending June 30 totaled $9.3 million, compared with a loss of $35.4 million in the same period a […]

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Green Thumb completes $60 million marijuana firm acquisition

Chicago-based Green Thumb Industries (GTI) announced Monday it completed its $59.6 million cash and stock acquisition of Fiorello Pharmaceuticals, one of 10 companies approved to operate a medical cannabis company in New York. Green Thumb purchased New York City-based Fiorello in a transaction involving $46 million in cash and 1.7 million shares. Fiorello’s assets include: […]

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Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily

Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But cultivators are still facing regulatory hurdles and the growing pains of keeping […]

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Acreage reports improved cannabis revenue, net loss for quarter

Acreage Holdings, a New York-based multistate marijuana operator, on Tuesday reported net quarterly revenue of $17.7 million for the three months ended June 30, up more than five times from the same period last year. Net loss totaled $33.9 million for the company, which is due to be acquired by Canadian cannabis giant Canopy Growth […]

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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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Cresco receives regulatory approval for New York marijuana license deal

Chicago-based Cresco Labs, one of the country’s largest multistate cannabis operators, received regulatory approval to acquire one of only 10 vertically integrated licenses in New York. The license, which will allow for one cultivation and four dispensary facilities in the state, is linked to Cresco’s purchase of Valley Agriceuticals. The acquisition is expected to close […]

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