Texas Medical Cannabis Business & Marijuana Legal News

Cresco Capital backs $25 million funding of CPG marijuana firm

Los Angeles-based Future State Brands, a consumer brands cannabis holding company, received $25 million of funding led by Cresco Capital Partners. Future State Brands has a portfolio of hemp, THC and CBD brands in a variety of sectors including beverage, clothing and cosmetics. The proceeds will be used by the holding company for product development […]

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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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Texas gov signs bill expanding new conditions for medical marijuana use

Texas Gov. Greg Abbott on Friday signed into law House Bill 3703, a measure that increases the number of qualifying patient conditions for medical cannabis use, which likely could increase dispensary sales in the state’s limited MMJ program. The measure adds multiple sclerosis, Parkinson’s disease, ALS, terminal cancer, autism and many kinds of seizure disorders to […]

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Texas lawmakers OK new conditions for medical cannabis use

Texas lawmakers passed a bill that would increase the number of qualifying patient conditions for medical marijuana, a development that likely could boost dispensary sales in the state’s limited MMJ program. The Texas Senate passed HB 3703 on Wednesday after it previously advanced through the State House. The measure now goes to the desk of […]

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Texas House OKs second bill to expand medical marijuana qualifying conditions

The Texas House advanced a second bill to expand the list of medical conditions that can be treated with medical marijuana under the state’s limited MMJ program. The measure would allow patients with multiple sclerosis, persistent muscle spasms and all forms of epilepsy to use MMJ, a move that would give dispensary operators a wider pool […]

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Texas House approves bill to add new qualifying conditions for medical marijuana

The Texas House moved a bill forward that would significantly expand the number of qualifying conditions that allow patients to use medical marijuana under the state’s limited MMJ program. If it fully passes, the bill would likely result in improved sales for the state’s MMJ businesses. Currently, only patients with intractable epilepsy can purchase medical […]

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Texas mulls a broadened limited medical marijuana program

Texas is looking at dramatically expanding its limited medical cannabis program to allow patients with a range of new medical conditions, from post-traumatic stress disorder to cancer, to qualify for marijuana-derived oils high in CBD. A bill was approved 7-1 by the House Committee on Public Health and is awaiting a vote in the Texas […]

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Canadian marijuana grower Village Farms approved for Nasdaq listing

Village Farms International, a Canadian greenhouse grower with a 50% stake in British Columbia-based cannabis firm Pure Sunfarms Corp., has graduated to the Nasdaq exchange. The company says it will leave the over-the-counter markets – where it trades as VFFIF – and list on the Nasdaq Capital Market as VFF. A date for the listing […]

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What is ‘marijuana’? Name game limits cannabis entrepreneurs

The old debate about what to call the plant cannabis sativa L. is giving businesses real-world headaches in both new and established marijuana markets. Consider: Iowa allows medical marijuana but calls it something else. Texas restricts medical marijuana so severely that doctors must break the law to use the state’s program. California officials are struggling […]

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Jimmy Buffett teams with Wrigley heir to license brand to Florida cannabis firm

Popular singer/songwriter Jimmy Buffett is joining a growing list of celebrities who dabble in the marijuana industry, teaming with an heir from the Wrigley chewing gum family. Buffett – known for his hit “Margaritaville” and his Parrothead fans – will license his Coral Reefer brand to Georgia-based Surterra Holdings for a line of marijuana products that […]

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