Recreational Marijuana News

Marijuana Business This Week: AG’s on the clock, bevy of legislation, medical MJ lottery, Harvest Health earnings & more

Here are some notable stories and events to watch for in the coming days: BARR DEADLINE: Wednesday is the deadline set by a group of senators for U.S. Attorney General William Barr to give them answers about increasing the number of federally authorized growers of marijuana for research purposes. In a letter sent to Barr earlier this […]

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Oregon cannabis regulators consider stiffening noncompliance penalties

Oregon is calling out licensed recreational marijuana operators who fail to follow the law. The Oregon Liquor Control Commission (OLCC), which regulates the state’s legal cannabis industry, noted at its monthly meeting that there “remains significant noncompliance by marijuana licensees failing to abide by the state’s laws and rules.” According to a news release, the […]

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California licensing snafu could cost cannabis growers thousands in lost revenue, possible shutdowns

California’s marijuana growers are at risk of losing thousands of dollars in revenue as scores of temporary business licenses expire each day before the state can replace them with annual permits. That leaves many cultivators trapped in a licensing logjam with a difficult choice: Continue operating with expired permits – or shut down. This is […]

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Large California marijuana grow loses business license after code violations

A sizable cannabis cultivation operation on the Central California coast may find itself out of business after county supervisors voted to revoke the company’s permit. The situation highlights why MJ businesses in the state must remain vigilant and ready to prove they are operating under local code regulations. According to The (San Luis Obispo) Tribune, the […]

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Marijuana Business This Week: German medical cannabis contracts, CBD self-regulation, MMJ group’s bank account closed & more

Here are some notable stories and events to watch for in the coming days: MAKING IT OFFICIAL: Contracts between Germany’s Federal Institute for Drugs and Medical Devices and the three companies it tentatively selected to cultivate and distribute its medical cannabis could be formalized as early as Wednesday after a mandatory 10-day appeals process expires. […]

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New Jersey will need 100 cannabis growers if adult use is legalized, regulators say

If New Jersey legalizes recreational marijuana, a move that’s been discussed for months and has a new deadline, roughly 100 new cannabis cultivators would be needed, according to an estimate from state officials. That’s in addition to the 35 or so growers needed to supply the expected expansion of the medical cannabis program. According to […]

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Oregon lawmakers reject plan to restrict recreational cannabis supply

The Oregon Senate shot down a plan to limit the state’s supply of legal, adult-use marijuana, which would have benefited cannabis companies with an established foothold in the state. The proposal was a response to a rampant oversupply of marijuana that’s caused prices in the state to plummet. The measure would have allowed the state […]

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Chart: Low prices, lack of investment stifle cannabis growing capacity in Washington state

Many of Washington state’s recreational cannabis cultivators are using half or less of their licensed canopy, driven in part by low wholesale prices and a dearth of available capital investment, according to a report conducted by the state’s regulators. Over the course of a year, the Washington State Liquor and Cannabis Board (LCB) surveyed 1,155 […]

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With no explanation, CA regulators delay marijuana social equity funding

California regulators put $10 million in state grant money for cannabis social equity programs on hold, it was announced over the weekend. The state Bureau of Cannabis Control (BCC) earlier this month began accepting grant applications from cities that have social equity programs intended to get minorities and those impacted by the war on drugs […]

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Expiring licenses, not oversupply, is California’s real ‘crisis,’ industry insiders say

Media coverage of a recent report by a California-based cannabis distribution company has caused rampant confusion and hindered lobbying efforts to accelerate the process for making permanent a wave of temporary grow licenses that will soon expire in the state. The report that San Francisco-based Vessel Logistics disseminated March 18 claimed overproduction by California cultivators […]

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L.A. mayor considers crackdown on unlicensed marijuana shops

Los Angeles is contemplating a major clampdown on illegal cannabis shops that have bedeviled the licensed industry’s bottom line. Mayor Eric Garcetti said Wednesday he is considering adding “tens of millions” of dollars to the fight against the flourishing illicit market. The mayor didn’t put a precise figure on the spending for the city’s upcoming […]

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