DC Medical Marijuana Business News
Are blockbuster, billion-dollar marijuana mergers and acquisitions behind us?
Possibly, say insiders. But they also predict 2023 will feature brisk cannabis M&A activity, with the overall value of transactions possibly topping the $3.2 billion recorded in 2022.
Though some marijuana multistate operator executives remain hopeful, others in the industry are skeptical that Congress will pass SAFE Banking this year.
Washington DC is now allowing visitors to buy medical marijuana without an out-of-state MMJ registration, a change that could increase business for dispensaries in the district.
Officials in Washington DC are delaying planned inspections of cannabis gifting shops as the city grapples with search-and-seizure concerns and protocols.
Cannabis multistate operators in Virginia are focused on building out their medical marijuana facilities while they wait to see whether the commonwealth’s adult-use program actually launches in 2024 as planned, now that Republicans control much of the state government.
Regulators in Washington DC will start cracking down on gray-market marijuana “gifting” stores, as they’re known, beginning next month.
Hemp extractors worried about a federal crackdown over THC levels have dim prospects for getting help from the judicial system.
Instead, they’re looking to the words of the U.S. Drug Enforcement Administration in hopes the agency won’t put much effort into enforcing its 2020 rule about hemp extracts that go “hot,” or beyond 0.3% THC.
