New York Medical Cannabis Business & Marijuana Legal News

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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Former Canadian PM Mulroney to join US cannabis company Acreage

Former Canadian Prime Minister Brian Mulroney plans to join the board of New York-based Acreage Holdings, becoming the latest political heavyweight affiliated with the multistate marijuana company. Mulroney – prime minister from 1984 to 1993 – will join a board stacked with political and corporate veterans, including: Former U.S. House Speaker John Boehner. Former Massachusetts […]

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Week in Review: OK medical cannabis licensing boom, DEA shifts on some CBD & New York allows MMJ as opioid alternative

Oklahoma approves more than 1,100 medical marijuana businesses, the U.S. Drug Enforcement Administration moves certain CBD medicines off Schedule 1, and New York’s governor signs legislation allowing MMJ as an alternative to opioids. Here’s a closer look at some notable developments in the cannabis industry this week. Oklahoma ‘free-for-all’ The numbers are mind-boggling: As of […]

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New York formalizes medical cannabis as alternative to opioids; market boost seen

New York Gov. Andrew Cuomo signed legislation allowing medical marijuana to be used as an alternative to opioids, codifying a development that already has led to expansion of the state’s MMJ market. The legislation formalizes into law emergency regulations implemented in July by the state’s health department. In the ensuing two months alone, the number of […]

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Multistate marijuana firm Acreage to go public in Canada via reverse takeover

Acreage Holdings, a multistate cannabis company based in New York, is planning to go public in Canada via a reverse takeover, becoming the latest U.S. marijuana business to get its shares listed north of the border through an RTO. Acreage is seeking to trade on the Canadian Securities Exchange after taking over Toronto-based Applied Inventions […]

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New York group chosen to draft bill that would regulate recreational marijuana market

New York Gov. Andrew Cuomo appointed a task force to draft recreational marijuana legislation which, if eventually enacted, would position the state to have potentially one of the largest adult-use cannabis markets in the country. A 20-member group consisting of New York state government and law enforcement officials, advocates and academics has been appointed to draft […]

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How Trump’s trade battles are affecting the marijuana industry

The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from […]

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State marijuana reforms could spark tens of millions of dollars in business opportunities

Pro-cannabis legislative reform has advanced in a number of states in 2018, with major business developments occurring in Florida, Pennsylvania, New Jersey and other markets. The legislative changes and resulting program expansions could potentially boost medical marijuana sales by tens of millions of dollars a year, providing a shot in the arm to MMJ retailers, […]

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