Recreational Marijuana News

Study: IL medical marijuana growers could meet 4 years of recreational MJ demand

Licensed medical marijuana growers in Illinois would be able to supply adult-use cannabis for four years after legalization, according to a report commissioned by licensed MMJ businesses. However, the study noted, a significant increase in the number of retail licenses is needed to meet consumer demand. The industry report contradicts a Legislature-commissioned study that predicts Illinois’ […]

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California environmental regulations and marijuana: Q&A with Green Wise’s Pamela Epstein

Before joining the cannabis industry as an attorney and business consultant, Pamela Epstein practiced environmental law. Epstein, founder of Los Angeles-based Green Wise Consulting, specialized in the California Environmental Quality Act (CEQA), a law that all companies in the state – cannabis or otherwise – must take into account. It mandates a review of any […]

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Medical cannabis sales climb in Canada after adult-use legalization

(Correction: A previous version of this article stated the only way to obtain medical cannabis in Canada was through the mail from a licensed cultivator. Patients may also seek authorization from the federal government to grow it themselves or to have a designated person cultivate it for them. – Ed.) Sales of medical marijuana oil […]

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Massachusetts cannabis RICO case settled out of court for ‘substantial’ amount

A Massachusetts racketeering lawsuit against a marijuana shop was dismissed, but the victory for that cannabis business didn’t come without a cost. The parties agreed to a “substantial” but confidential out-of-court settlement, according to recent information published by Masslive.com. A civil racketeering case – utilizing the Racketeer Influenced and Corrupt Organizations Act (RICO) statutes – was filed […]

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‘Wide divide’ might delay New York vote on recreational marijuana until 2020

Gov. Andrew Cuomo said he’s “no longer confident” an agreement to legalize recreational marijuana in New York will be included in the state budget that’s due by April 1, raising the possibility the state Legislature won’t approve retail sales of cannabis this year. There are just too many details on legalization that must be agreed […]

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New Jersey governor formally unveils agreement on adult-use cannabis bill

New Jersey Gov. Phil Murphy and legislative leaders formally announced Tuesday they’ve agreed on legislation to legalize recreational marijuana that would call for a $42-per-ounce tax on the product. The governor and two fellow Democrats, Assembly Speaker Craig Coughlin and Senate President Steve Sweeney, announced in a statement the agreement had been reached after more […]

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Ancillary marijuana companies hit by declining economies pivot to emerging MJ markets

Tumbling wholesale cannabis prices in some markets are devastating plant-touching operators and generating negative fallout for ancillary companies that provide services and products to those businesses. In order for supplementary companies such as accountants, consultants and security firms to continue to grow and maintain healthy revenue streams, some owners are looking to emerging cannabis markets […]

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‘Forefront of consolidation’: Shareholders OK marijuana merger of Emblem, Aleafia

Shareholders of Ontario-based cannabis producer Emblem approved a 173 million Canadian dollar ($128 million) buyout from vertically integrated company Aleafia Health in a deal that puts the two companies at the forefront of a wave of consolidation in the marijuana industry. The all-stock deal was approved by 93% of Emblem shareholders March 6, exceeding the […]

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Alaska’s on-site marijuana consumption rules await lieutenant gov’s pen

Alaska has moved closer to allowing on-site consumption of cannabis at specially authorized stores, a move that could generate $2.4 million in new revenue, according to an informal industry analysis. The state’s Department of Law found no legal problems with the rules approved by marijuana regulators in December that will govern where and how on-site […]

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