Will rescheduling revive medical cannabis? It depends on the state
Key points: Adult-use legalization eroded medical patient bases significantly. Potency-first mssaging is losing ground with medical consumers. Seniors are driving demand for practical wellness guidance, not high-potency or trendy brands. Medical-only states may have a...
Michigan’s cannabis tax gamble comes up short in first quarter
Michigan’s new 24% wholesale tax on marijuana generated nearly $34 million through April 30 – far below the roughly $105 million projected for a single quarter, according to a state Treasury report. The tax, which took effect Jan. 1, was at the center of a bipartisan...
DEA registration is a tough choice for medical marijuana operators
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) To register or not to register? That is the question. State-licensed medical marijuana licensees have until June 22 to register with the U.S. Drug...
Alabama cannabis market opens with one dispensary, 11 to follow
Alabama launched its medical cannabis program Tuesday, with the first state-sanctioned sale taking place at Callie’s Apothecary in Montgomery. For now, it’s the only dispensary in the state where patients can legally purchase medical cannabis, but that’s set to...
Cannabis’ challenge isn’t regulation – it’s enforcement
This is part of a regular series of MJBizDaily interviews with major THC industry players. To be considered for an interview, contact editorial@mjbizdaily.com. For Justin Singer, rescheduling medical cannabis only matters if it leads to stronger consumer protection....
New York governor signs anti-inversion cannabis bill
New York is cracking down on illicit cannabis sneaking into the legal market. New York Gov. Kathy Hochul on Tuesday signed the Anti-Inversion Act, taking aim at cannabis inversion, when bad actors disguise illegal marijuana as legal product, slip it into the regulated...
Illinois cannabis reform bill targets licensing gap, eyes federal future
A sweeping cannabis and hemp reform bill headed to Illinois Gov. J.B. Pritzker would allow adult-use-only cannabis operators to obtain medical cannabis licenses. Senate Bill 3222, which passed both chambers of the Illinois General Assembly, also makes a range of other...
The Medical Card Has a New Argument
In state after state, the arrival of adult-use cannabis set off a slow, measurable erosion of the medical tier. Not a collapse — a steady bleed. Michigan lost 79 percent of its medical dispensary licenses from peak. New Mexico shed a fifth of its registered patients...
CMS is setting standards for what cannabinoid medicine looks like
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) When the Substance Access Beneficiary Engagement Incentive (BEI) launched in April, much of the cannabis and hemp industry treated it as a broad...
Cannabis MSO Verano in uplisting wave with reverse stock split
Verano Holdings has approved a 1-for-5 reverse stock split as the multistate cannabis operator takes steps toward listing on a major U.S. stock exchange. The Chicago-based company’s board approved the consolidation, which is expected to take effect around June 11,...
New York medical cannabis operators owe the state millions they claim they can’t afford
This story has been updated. Key points: Vertically integrated medical cannabis operators in New York State owe up to $15 million each in fees meant to paid as a condition of also serving the adult-use market. The operators say the fee is too steep and must be reduced...Featured
1
Latest Sponsored
