Utah Medical Cannabis Business & Marijuana Legal News

Dozens may apply as Utah opens medical marijuana dispensary licensing round

Utah officials expect “dozens” of individuals and businesses to apply to serve the state’s relatively small market with a total of 14 medical cannabis dispensaries. The application process remains open until Dec. 2, with state officials aiming to announce winners in time to launch the first phase of the program on March 1. Rich Oborn, […]

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Utah medical marijuana dispensaries could face hefty fees

Utah would charge medical marijuana dispensaries between $50,000 and $69,500 each year in operating fees under a proposal state officials are considering – placing an unexpectedly high financial burden on future MMJ businesses. An executive with a Washington state-based company interested in opening a dispensary in Utah called the proposed fees a “big pill to […]

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UT gov signs medical cannabis bill increasing dispensaries, licensing couriers

Utah Gov. Gary Herbert, as expected, signed a bill that will increase the number of medical marijuana dispensaries from seven to 14, with additional growth possible depending on market demand. Utah legislators unanimously passed the legislation during a recent special session called by the Republican governor to scrap a state-run MMJ distribution system. The measure […]

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Week in Review: Vape crisis continues, federal cannabis bill moves, Utah licenses & more

State regulators from across the country react to the vaping crisis, a federal marijuana banking bill sees movement, Utah ups its medical cannabis licensing opportunities – and more of the week’s top marijuana business news. States’ responses to vaping crisis State regulators nationwide have begun responding in earnest to the vaping illness epidemic, which now stands […]

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Utah lawmakers vote to increase medical marijuana dispensaries to 14

Utah legislators unanimously passed legislation allowing 14 private medical cannabis dispensaries, substantially boosting the business opportunities for a program scheduled to launch as soon as March 2020. The measure, voted on during a special session called by Republican Gov. Gary Herbert, amends the state’s MMJ law that called for a state-run pharmacy system combined with […]

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Cresco Labs acquires marijuana company Tryke for $282.5 million

Chicago-based Cresco Labs said it is buying Tryke, a vertically integrated private cannabis company active in Nevada and Arizona, for $282.5 million. Here are the basics around the announcement: The $282.5 million price tag is made up of $55 million in cash and the balance in stock. Tryke posted revenue of $70.4 million in fiscal […]

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12 Utah medical marijuana dispensaries not enough, advocates say

Medical marijuana advocates in Utah say 12 dispensaries won’t be sufficient to meet demand when the state’s MMJ program launches next year. The comments came during a tense public hearing that Utah lawmakers held in advance of a special session next week to approve amendments to the state’s medical cannabis law that are poised to open […]

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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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Utah governor moves to scrap state-run medical marijuana system

Utah Gov. Gary Herbert is calling a special legislative session to scratch an unusual plan for a state-run medical cannabis dispensary system. Instead, he wants to expand the number of private dispensaries from seven to as many as 12. While the measure, if it passes, would open up additional business opportunities, its primary purpose is […]

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Utah lawmakers consider ditching state-run medical cannabis system

Utah legislators are drafting a proposal to scrap a planned state-run medical marijuana dispensary system and instead increase the number of private facilities, which could boost business opportunities and sales. Lawmakers are considering the change after facing pressure from county attorneys who said the system put public employees at risk of being prosecuted under federal drug […]

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