Shock veto upends Virginia adult-use cannabis retail launch
In a stunning reversal that means a new billion-dollar adult-use cannabis market may not open until 2028, Virginia Gov. Abigail Spanberger on Tuesday vetoed a bill that would have finally launched recreational sales in the South – one that she’d initially promised to...
Cannabis lending to expand as ‘institutional capital’ sinks $60 million into FundCanna
An unnamed but major player in “institutional capital” has agreed to invest up to $60 million into a California-based cannabis lender, according to an announcement Tuesday. San Diego-based FundCanna declined to disclose the entity that provided the $60...
Can regenerative farming save outdoor cannabis cultivation?
Key points: Regenerative cannabis farmers focus on cultivating in native soil with natural inputs. Higher product quality allows for premium pricing. Cooperative models help small producers increase visibility and access. But success depends on connecting with...
Minnesota lawmakers ‘tweak’ cannabis laws to create new category, boost hemp THC
Minnesota’s modest adult-use cannabis industry is not yet a year old, but lawmakers are already making tweaks with an eye toward “opening up a little more opportunity” for license-holders – including marijuana social equity as well as hemp THC businesses. Lawmakers in...
Colorado lawmakers reject cannabis hospitality ‘pop-up’ events
A Colorado bill that would have created temporary permits for cannabis consumption events died in the state Senate after clearing the House. House Bill 26-1117 was pulled by its Senate sponsor Sen. William Lindstedt with less than a week left in the legislative...
Report: Massachusetts governor expected to fire cannabis czar
After winning back her job through the courts after an ugly political dispute, Massachusetts’ top cannabis regulator is likely on her way out anyway. Shannon O’Brien, who was reinstated last fall as the chair of the state Cannabis Control Commission overseeing the...
New York promised marijuana social equity. Entrepreneurs got stuck with the bill.
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) When New York lawmakers legalized adult-use cannabis in 2021 and promised the resulting billion-dollar industry would prioritize people harmed by...
Stronger products and legalized vapes could grow Georgia medical cannabis
Georgia’s medical cannabis program is poised to significantly expand. More people are expected to qualify for patient access, and they’ll be able to buy stronger and vaporizable cannabis products from licensed dispensaries thanks to Senate Bill 220 – also known...
Federal judge approves cannabis MSO for Chapter 15 bankruptcy
In a move that could signal new options for troubled cannabis companies looking to secure assets against creditors, a U.S. Bankruptcy Court judge has signed off on marijuana multistate operator The Cannabist Co.’s request seeking Chapter 15 bankruptcy relief....
New Mexico border town rejects cannabis retail – at Texas lawmakers’ request
Officials in a New Mexico city near the Texas border – a prime location for successful cannabis retail – rejected applications for two marijuana stores seeking to operate in the city on Monday. One reason the Sunland Park City Council rejected the special use permits...
Past-due cannabis invoices expose a growing credit discipline gap
This is part of a regular series of MJBiz Daily interviews with major THC industry players. To be considered for an interview, contact editorial@mjbizdaily.com. In 2015, Brett Gelfand was just another entrepreneur hustling to carve out a place in Colorado’s buzzy,...Featured
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