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Louisiana closing in on expanded conditions list for medical cannabis program

Medical marijuana businesses would be permitted to sell MMJ to treat more diseases and disorders under two bills that are steps from final passage. Doctors could recommend medical cannabis for…

News May 10

Salt Lake district attorney supports Utah’s medical marijuana plan

The top prosecutor in Utah’s largest city is speaking out in support of an effort to legalize medical marijuana. Salt Lake County District Attorney Sim Gill said Tuesday that using…

News May 10
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Kevin O’Leary of ‘Shark Tank’: Institutional investors want to wager on cannabis – just not yet

Big institutional investors are sitting on billions of dollars they’d like to pump into the marijuana industry, but that’s not likely to happen as long as cannabis remains illegal in…

News May 9
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Report: Uruguay is home to nearly 35,000 authorized rec cannabis users

The number of people authorized to access recreational marijuana in Uruguay is closing in on 35,000, according to a report by the Institute of Regulation and Control of Cannabis. However,…

News May 9
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Thanks to mayor, Alaska city OKs up to 25 retail marijuana stores

The number of retail cannabis shops in Fairbanks, Alaska, has been set at 25. After the City Council deadlocked 3-3 on whether to allow 15 or 25 stores, Fairbanks Mayor…

News May 9
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GrowGeneration raises $10 million to bankroll cannabis-related acquisitions

GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $10 million that it will use to purchase more businesses. The Denver company…

News May 9
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California’s low marijuana tax stream complicating MJ business climate

A lower-than-expected first quarter of marijuana excise tax income in California has thrown a wrench into the works for those hoping state lawmakers might drop tax rates to help combat the…

News May 9
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Exclusive: US marijuana sales may reach $10 billion this year, $22 billion by 2022

Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year – a nearly 50% increase from 2017 – and rise…

News May 9
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McLellan calls on Canadian Senate to avoid ‘undue partisanship’ to get around rec cannabis delay

The former chair of Canada’s federal task force on cannabis legalization is calling on senators to avoid “undue partisan activity” as the bill faces the potential of a delay over…

News May 8
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