Alabama temporarily reduces most medical marijuana license fees
Members of the Alabama Medical Cannabis Commission (AMCC) voted to reduce most marijuana business license fees by 25%. With annual license fees ranging from $30,000 to $40,000, the regulatory agency will lose revenue totaling $147,500, AMCC spokesperson Brittany...
Poseidon invests in two New Jersey cannabis retailers
San Francisco-based cannabis hedge fund operator Poseidon Investment Management completed investments in two New Jersey retailers. The company confirmed to MJBizDaily that it invested about $1 million each to fund the startup and build-out costs for cannabis retailers...
Are Republicans friend or foe of the state-regulated marijuana industry?
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) With Republicans’ new trifecta of control over the White House, U.S. Senate and House of Representatives, it’s likely federal marijuana policy...
New York adult-use cannabis licensing halted in court again
Legal woes are disrupting New York’s adult-use cannabis program yet again after a state judge on Thursday agreed to temporarily stop state regulators from processing thousands of pending business applications. Albany County Supreme Court Judge Sharon Graf’s decision...
Tennessee hemp groups seek to halt rules that would prohibit THCA products
Hemp retailers and growers in Tennessee have filed an 11th-hour legal challenge to halt impending rules that are expected to restrict all THCA products in the state. The Tennessee Healthy Alternatives Association and Tennessee Growers Coalition last week filed...
Vermont marijuana retailer sues state regulatory agency over advertising laws
An adult-use marijuana retailer is suing the Vermont Cannabis Control Board over advertising regulations the company alleges are unconstitutional. According to the Bennington Banner, Flora Cannabis in Middlebury said in a lawsuit filed Monday in the Addison Superior...
Minnesota recreational cannabis licensing to be delayed for months
(This story was updated at 5:04 p.m. ET Thursday to include comments from the Minnesota People of Color and Indigenous Caucus.) Prompted by legal challenges over the state’s recreational cannabis licensing process, Minnesota’s regulatory agency says the issuance...
New York regulators issue 68 adult-use marijuana licenses, but many still pending
New York regulators approved 68 adult-use marijuana licenses, but more than 3,000 applications filed a year ago are still pending. That’s partially because regulators want to avoid flooding the market as state-regulated recreational cannabis sales approach the $1...
Connecticut adult-use cannabis sales rise as prices continue to fall
Although the price per gram of cannabis continued to drop in Connecticut, the state’s retailers sold $17.6 million worth of adult-use products in November. That’s the second-best month since the state began recreational marijuana sales in January 2023,...
Infused beverage executives seek path forward for hemp, marijuana
As the cannabis industry anticipates rescheduling and a new Farm Bill, the question of how hemp and marijuana can coexist is central to the conversation. Manufacturers of hemp-derived THC drinks have carved out a niche in liquor stores and some bars, offering...
Hawaii licenses 25th medical cannabis dispensary
Hawaii’s medical cannabis market reached a milestone with the opening of the state’s 25th dispensary. The Hawaii health department awarded the MMJ business license to Cure Oahu, which opened the dispensary last week in Kailua, according to a news release....Featured
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