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...
US cannabis stocks are trading on Robinhood. What does it mean?
Stocks in plant-touching cannabis multistate operators began trading on the brokerage app Robinhood, about a month after federal medical marijuana rescheduling, company executives said Friday. Green Thumb Industries appeared to be the first cannabis MSO to the punch,...
California cannabis sales dip slightly again in first quarter of 2026
California’s licensed cannabis retailers reported $956.7 million in sales in the first quarter of 2026, down slightly from $976.5 million in the same period a year earlier, according to state data. First-quarter sales were also below the $1.07 billion reported in the...
Cannabis payments are facing a reckoning as workarounds disappear
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) For most of its state-legal life, the cannabis industry has relied on a series of workarounds in lieu of traditional payment systems such as debit...
Minnesota merges medical and adult-use cannabis supply chains
Minnesota will combine its separate medical and adult-use cannabis supply chains under the state’s 2026 Omnibus Cannabis Bill, signed into law Tuesday by Gov. Tim Walz. The law also replaces the current medical combination license with eight “macrobusiness” licenses,...
Cannabis MSO sells off Massachusetts retail permit ‘on the low side’ for $1 million
A cannabis multistate operator recently sold a retail permit for an as-yet unopened cannabis store in a Boston suburb for $1 million, which local media reported is a buyer-friendly price. Arizona-based Mint Cannabis, which has locations in five states, transferred its...
How small cannabis operators are preparing for interstate commerce
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. Amanda Strickland believes Arkansas’ medical-only cannabis market may be in an ideal position to start...Featured
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