Weekly Wrapup: Flurry of Positive Medical Cannabis News Offsets Colo. Contraction, Idaho MMJ Setback
Last week started off on a disappointing note for the medical cannabis industry.
First came news that several MMJ dispensaries in Colorado have closed – or are about to call it quits – after receiving warning letters from the federal government. Then we saw the effort to legalize medical marijuana in Idaho sputter out, with organizers failing to gather enough signatures to advance the initiative.
But the news then took a decidedly positive turn:
#1. A lawmaker in Michigan introduced a bill that would allow medical marijuana dispensaries to operate in the state. While some observers are doubtful the measure will pass, at least the option is on the table.
#2. Nancy Pelosi came out swinging this week for the MMJ industry, questioning the Obama administration’s crackdown on dispensaries and offering up her support for medical cannabis. Love her or hate her, Pelosi is now a key ally to the medical marijuana movement. The fact that a key Obama ally spoke publicly against the president’s policies on medical cannabis – in an election year, no less – bodes well for the MMJ industry.
#3. Talk about saving the best for last: Late in the week, the Connecticut Senate signed off on a bill to legalize medical marijuana. Connecticut is now poised to become the 17th state in the nation to approve the possession and use of medical marijuana by qualified patients. This further ratchets up the pressure on the Obama administration to end its crackdown on MMJ.
Louisiana officials are predicting it will take at least two years for the state’s first [click to continue...]
A company hoping to launch an all-inclusive vacation resort catering to cannabis users has delayed [click to continue...]
Five Alaskans were appointed to a board that will craft laws governing the state’s recreational [click to continue...]
Marijuana cultivation facilities have been specifically identified as a key contributor to Denver’s increasing electric [click to continue...]
The New York Health Department may announce winners of the five medical cannabis licenses up [click to continue...]
The Green Rush is back on in Massachusetts. The opening of the first medical cannabis [click to continue...]
Rules governing Oregon’s recreational marijuana market are taking shape, with state lawmakers sending two bills [click to continue...]
Republican presidential candidate Rand Paul made a splash in Denver on Tuesday, raising an estimated [click to continue...]
Dispensaries could be open in Hawaii in just over a year, as a bill establishing [click to continue...]
In an attempt to get around obstructionists in the state House of Representatives who have [click to continue...]
And then there were five. Dispensaries permitted in New Jersey, that is. Compassionate Sciences, Inc. [click to continue...]
Louisiana Gov. Bobby Jindal has signed a bill making his state the latest in the [click to continue...]
In another sign of the marijuana industry’s growing national reach, a New York-based real estate [click to continue...]
Washington State growers and processors would no longer pay a 25% tax on cannabis and [click to continue...]