Medical Cannabis Industry & Recreational Marijuana Business News

Vireo agrees to milestone medical cannabis labor pact in Pennsylvania

Minnesota-based Vireo Health, a multistate marijuana operator, signed the first vertically integrated medical cannabis labor agreement in Pennsylvania, a deal that is being touted as a win for both the employees and the company. The three-year pact is between Vireo’s Pennsylvania Medical Solutions subsidiary and the United Food and Commercial Workers (UFCW) Local 1776. The […]

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Even without reform, banks increasingly serving marijuana industry

The cannabis industry experienced a 62% year-over-year jump in banking options in the federal government’s most recent quarter. The number of banks and credit unions actively serving the marijuana industry totaled 715 in the U.S. government’s fiscal third quarter, which ended June 30, federal data shows. The data reflects a healthy increase in the number […]

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WA extends marijuana traceability system contract with Leaf Data Systems

Washington state cannabis regulators approved a two-month contract extension for Leaf Data Systems, the seed-to-sale tracking product offered by Denver-based software company Akerna. The contract lasts until Nov. 30, “to focus solely on providing a stable system to our users,” said Megan Duffy, deputy director and executive sponsor of the Washington State Liquor and Cannabis […]

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Michigan unveils license instructions for $1.4B adult-use cannabis market

Michigan regulators released detailed instructions on how businesses can apply for adult-use cannabis licenses beginning Nov. 1. There are no statewide caps on licenses for a market expected to launch next year, but municipalities can restrict the number. Marijuana Business Daily projects Michigan could generate $1.4 billion-$1.7 billion in annual sales within several years of […]

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Poll suggests Californians want more adult-use marijuana stores

Recreational cannabis retailers could open far more stores in California if municipalities respond favorably to a poll that shows the majority of state residents welcome the legalization of adult-use MJ sales. The UC Berkeley Institute of Government Studies’ poll conducted for the Los Angeles Times found that 68% of Californians say the legalized sale of […]

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After the SAFE vote in US House, here’s what you need to know about the current state of banking in the marijuana industry

The U.S. House of Representatives’ vote approving legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of reprisal is a milestone for the cannabis industry. Nevertheless, the 321-103 House vote is but another step on a long and often bumpy legal road toward changing how […]

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New Jersey cannabis trade group investigating itself

The New Jersey Cannabis Industry Association (NJCIA) paid $7,500 to an outside consultant to investigate potential “ethical concerns” within its own operations. NJ.com reported that a three-member subcommittee recommended hiring an “independent, outside professional” to present its investigation to the full board. The specific allegations were not mentioned in a letter from the subcommittee, but […]

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Walmart pulls plug on all e-cigarette sales as vaping crisis roils marijuana industry

Walmart said Friday that it will stop selling electronic cigarettes at its namesake stores and Sam’s Clubs following a string of mysterious illnesses and deaths related to vaping. Walmart’s decision comes in the wake of the U.S. Food and Drug Administration (FDA) launching a criminal investigation into the vaping health crisis, bringing added scrutiny to the […]

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Chicago mayor wants to prohibit rec cannabis stores downtown

Chicago’s mayor wants the city to ban recreational marijuana stores in the central business district, a move that could hurt sales downtown. The bans are in zoning rules proposed this week by Mayor Lori Lightfoot, a Democrat. The “exclusion” zones also would prohibit adult-use MJ sales within 500 feet of schools and in residential neighborhoods, […]

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How state cannabis regulatory agencies across the U.S. have responded to the vaping health crisis

State regulators overseeing the legal marijuana industry are adopting a wait-and-see stance as the industry determines what exactly is causing the health problems related to vaping, although California has come down more decisively against vaping of all forms. For the most part, regulators in more than a half dozen states are reacting cautiously while public […]

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