New York Medical Cannabis Business & Marijuana Legal News

New York Medical Marijuana News

Cannabis online platform raises $10 million

LeafLink, an online inventory and ordering platform for marijuana businesses, has raised $10 million in Series A funding. The round was led by Nosara Capital, a London-based venture capital firm, according to a LeafLink news release. Nosara was joined by previous LeafLink investors from both inside and outside the cannabis space, such as Lerer Hippeau Ventures, […]

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PTSD now treatable with medical marijuana in NY

New York Gov. Andrew Cuomo signed legislation to add post-traumatic stress disorder to the list of conditions that can legally be treated with medical marijuana in the state. The move opens another sales avenue for MMJ businesses operating in a state that has been stymied by restrictive regulations. The PTSD bill was part of a […]

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Election results: Recreational cannabis legalization strong possibility in New Jersey + wins in Detroit

By John Schroyer

New Jersey is poised to legalize recreational marijuana after a pro-cannabis candidate won the state’s gubernatorial race Tuesday, giving the MJ industry a potentially huge win in what could be a lucrative new market for businesses.

Come January, anti-marijuana Gov. Chris Christie will be out of office and Democrat Phil Murphy will be in.

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Cannabis industry has vested interest in today’s elections in Michigan, New Jersey and New York

Welcome to Election Day 2017. Though it won’t compare to the historic gains the cannabis industry made at the polls last November, there are three states whose election results could either directly or indirectly have serious ramifications for marijuana businesses: Michigan, New Jersey and New York. Polls in Michigan and New Jersey close at 8 […]

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MedMen seeks $250 million raise for marijuana private equity fund

Marijuana management firm MedMen is aiming to raise $250 million to invest in cannabis businesses in the California, Nevada and New York markets. The fund, called MedMen Opportunity Fund II, is going to specifcially target plant-touching companies, including retailers and growers, Bloomberg reported. The fund will also look particularly at tourist destinations, including Los Angeles, […]

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Eventbrite halting some cannabis-related event ticket sales

Eventbrite, an online platform that sells tickets to various public events, is apparently canceling sales for some – but not all – marijuana-related gatherings. According to Forbes, Eventbrite froze accounts belonging to the New York Cannabis Film Festival and the Southern California Cannabis Business and Investment Group, even while the site continued to list other […]

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New York medical cannabis sales are up but remain slow

New York’s five medical marijuana businesses generated only $16.6 million in gross sales between April 2016 and August 2017, but sales and patient numbers are improving. From April 2016 through March 2017, the companies generated sales of $8.4 million – about $700,000 per month – according to analyses by the USA Today Network. Sales improved […]

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Pennsylvania medical cannabis grower drops suit but not the battle

A medical marijuana company that failed to win a Pennsylvania cultivation license has dropped a lawsuit against the state’s health department demanding the agency revoke a license awarded to another grower. Scranton-based BrightStar Biomedics charged in a lawsuit filed last month that Pennsylvania Medical Solutions didn’t disclose on its application that it was under criminal […]

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Many New York medical marijuana patients still buy from black market

New York’s medical cannabis program has been hard-pressed to prove it’s a viable setup, and those issues apparently are continuing with prospective patients still relying on black-market MMJ. A combination of high product costs, bureaucratic red tape and the easy availability of cannabis flower on the street has added up to an ongoing system where […]

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Truth in advertising: Marijuana sector still struggling to gain foothold in mainstream

By Omar Sacirbey

The marijuana industry has scored several advertising coups in recent weeks, with cannabis-related businesses landing ads on major television networks and in mainstream magazines.

Cannabis industry insiders welcomed the breakthroughs and accompanying hope, but they also cautioned that the MJ sector has far to go to win over mainstream media platforms.

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