Washington State Medical Cannabis Business & Marijuana Legal News

Week in Review: Massachusetts recreational marijuana delay, Arkansas’ MMJ growers & hemp victory

Massachusetts defers recreational marijuana delivery and onsite consumption, Arkansas approves five medical cannabis cultivators, and Washington state grants its floundering hemp program a reprieve. Here’s a closer look at some notable developments in the marijuana industry over the past week. An ‘elegant’ solution The decision by Massachusetts regulators to delay licensing for stand-alone marijuana delivery […]

Read More

Washington state extends contingency plan for marijuana tracking

Washington state’s new seed-to-sale marijuana tracking system is up and running, but complications with the program have spurred regulators to extend a traceability contingency plan through March. “Since some licensees have had difficulties inputting their plant inventories into Leaf Data Systems, this allowance is being granted,” the state’s Liquor and Control Board said in a […]

Read More

Washington state’s fledgling hemp program gets lifeline from legislators

Budget writers in Washington state’s House and Senate have restored money to oversee hemp, potentially ending uncertainty after the governor proposed cutting funding for the state’s hemp production program. The hemp lifeline, first reported by Capital Press, comes after the Washington Department of Agriculture stopped issuing hemp licenses because of a budget shortfall and threatened to […]

Read More

Washington state marijuana traceability glitches stem from MJ Freeway hack

A hack of MJ Freeway’s seed-to-sale tracking system led to Washington state’s recent problems with its marijuana traceability program, regulators told licensed marijuana businesses on Thursday. Peter Antolin, deputy director of the Washington State Liquor and Control Board, wrote in a letter to business owners – including cultivators, processors and retailers – that a “computer vulnerability” in MJ […]

Read More

First marijuana retailer in Tacoma, Washington, shuttered for not paying taxes

A nearly 4-year-old cannabis retail operation in Tacoma has been closed down because it had an unpaid state tax bill of $1.4 million. The Washington state Liquor and Cannabis Board revoked the business license of Rainier on Pine and also seized all cannabis products at the shop, The News Tribune reported. The company, also known as Xander’s Green […]

Read More

Hiccups with traceability system rollout costing Washington state cannabis producers thousands

Problems with the rollout of Washington state’s new marijuana traceability system have cost producers tens of thousands of dollars in lost sales and contributed to dwindling cannabis inventories among retailers. At issue is problems with Denver-based MJ Freeway’s Leaf Data Systems, the state’s new vendor for seed-to-sale tracking. Producer/processors are experiencing several problems, including inability […]

Read More

Willie Nelson’s marijuana company raises $12 million for expansion

Capital raises in the marijuana industry appear to be continuing unabated since the issuance of the Sessions Memo on Jan. 4. Country music star Willie Nelson’s cannabis company joined the marijuana funding fray Wednesday with the announcement of a $12 million raise for expansion into new markets. Nelson’s company, GCH, plans to enter the California […]

Read More

Privateer sets milestone for US marijuana industry with $100 million raise

Seattle-based Privateer Holdings, which has long been setting benchmarks for capital raises in the marijuana sector, has established a new standard – and demonstrated that at least some deep-pocketed investors have not been spooked by U.S. Attorney General Jeff Sessions. The marijuana-focused private equity company announced Thursday it has completed a $100 million Series C […]

Read More

Oregon credit union, tech firm to offer marijuana banking services

Oregon-based Wauna Credit Union has forged a partnership with Arizona tech firm Hypur that will allow the financial institution to service marijuana-related companies. According to the Coast River Business Journal, the credit union believes the partnership will allow the institution to “become part of the solution and not part of the problem.” Hypur is providing […]

Read More

19 attorneys general urge Congress to give cannabis states access to banking

A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as the Secure and Fair Enforcement Banking Act (SAFE). Congressman Ed Perlmutter, D-Colorado, introduced […]

Read More