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South Africa approves continent’s first federal cannabidiol law
A change to South Africa’s medicines law means the country is the first in Africa to carve out a federally approved market for nonprescription CBD. Health Minister Aaron Motsoaledi amended…
News May 24MMJ expansion moves forward in NJ, cannabis banking, Canada shortages toll & more
New Jersey legislators advance a medical marijuana program expansion, state banking associations get behind federal banking reform, Canada’s cannabis shortage has international implications – plus other important news from around the…
News May 24MI House supports federal act to protect banks doing business with marijuana firms
Michigan House legislators adopted a resolution that asks the U.S. Congress to make laws providing protection to banks that take medical cannabis businesses as customers. The resolution urges Congress to…
News May 23New Jersey Assembly approves medical cannabis expansion
The New Jersey Assembly on Thursday voted 65-5, with six abstentions, to expand the state’s medical marijuana program, a measure that could significantly boost sales in what has become a…
News May 23Marijuana firm MedMen closes initial $80 million in funding from Gotham Green
MedMen, a multistate cannabis company based in California, said it closed on an initial $80 million tranche of funding from New York private equity group Gotham Green Partners (GGP). The…
News May 23TerrAscend reports quarterly net loss on cannabis revenues of CA$14.6 million
TerrAscend, a Toronto-based vertically integrated marijuana company, reported revenues of 14.6 million Canadian dollars ($10.95 million) for the quarter ended March 31, 2019, with a net loss of CA$11.2 million.
News May 23Maine regulators urged to put small recreational marijuana businesses first
Maine cannabis enthusiasts used a public hearing on Thursday to implore regulators to protect the small businesses and growers they think should make up the backbone of the state's budding…
News May 23Texas lawmakers OK new conditions for medical cannabis use
Texas lawmakers passed a bill that would increase the number of qualifying patient conditions for medical marijuana, a development that likely could boost dispensary sales in the state’s limited MMJ…
News May 23What are the business implications of labor peace agreements for the cannabis industry?
Lawmakers and regulators across the United States increasingly are requiring marijuana firms to accept "labor peace agreements" that can lead to unionization.
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