How close is DEA to making decision on rescheduling marijuana?
(This story has been corrected to credit The Wall Street Journal.) President Joe Biden’s mention of ongoing marijuana reform efforts during his annual State of the Union address is considered a landmark achievement for MJ policy by political observers as well as...
Virginia legislative session ends without gov signing adult-use marijuana bill
Virginia’s 60-day General Assembly session adjourned Saturday without the state’s Republican governor signing into law a bill finally legalizing adult-use marijuana sales. That’s partly because the Democratic-controlled General Assembly has yet to formally send...
Israel’s IMC looks to spin out, sell cannabis unit in pivot to biotech sector
IM Cannabis Corp. (IMC) is proposing a reverse merger with Israeli biotechnology firm Kadimastem in which it would spin out – and potentially sell – its existing medical marijuana operations in Israel and Germany. IMC, also headquartered in Israeli, said...
‘Much more stable’ marijuana landscape in 2024, CEO of NewLake REIT says
This year is “a much more stable landscape” for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings. NewLake Chief Executive...
Netherlands irons out wrinkles in cannabis experiment ahead of full summer launch
Dutch authorities have ironed out issues involving the Netherlands’ cannabis experiment, government and industry officials told MJBizDaily. The experiment, which underwent a startup phase in December ahead of the full launch later this year, aims to close the...
California county’s voters reject measure restricting marijuana cultivation
Voters in Humboldt County, California, soundly rejected a ballot initiative Tuesday that aimed to widely curb marijuana cultivation in that region. According to the final election night report from the county, Measure A was opposed by nearly 73% of voters, a blowout...
Colorado cannabis chain Maggie’s Farm hastily closes 5 stores
Colorado cannabis retail chain Maggie’s Farm is responding to criticism after it shuttered five locations in late February without warning employees. The company closed two of its stores in the Pueblo area, one in Colorado Springs and its only outlets in Canon...
Biden talks marijuana in ‘historic’ speech but gives no rescheduling update
Marijuana reform garnered only a brief mention during President Joe Biden’s annual State of the Union address on Thursday night. But after many fruitless years in Washington DC, even a name-check was enough to encourage and energize the U.S. cannabis industry....
AFC Gamma is looking to finance ‘unburdened’ cannabis borrowers
Publicly traded cannabis industry lender AFC Gamma reported nearly $16 million in net interest income for its fourth quarter ended Dec. 31, down 18.9% from the same quarter a year before. Net interest income for the full 2023 fiscal year was 64.2 million, a 14%...
MedMen shutters all but 2 of its California marijuana operations
(This story and headline were updated at 3:41 p.m. ET to reflect that two MedMen stores in California remain open.) MedMen Enterprises has shuttered all but two of its stores in California, workers confirmed to MJBizDaily on Friday afternoon. Only MedMen stores in San...
Opinion: How to prepare for cannabis’ inevitable future as a natural product
It was 2015 – not long after adult-use marijuana sales began in Colorado – when regulated cannabis operators began learning the hard way that “organic” was a word the federal and state officials take very seriously. As the first-ever cannabis editor at a...Featured
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