One of Colorado’s biggest cannabis retail chains wants to get even larger: The Green Solution, which has 13 locations across the state, revealed Tuesday it has secured a $7.5 million loan from iAnthus Capital Holdings, a cannabis-focused Canadian financing company. The loan “will allow us to add multiple licenses and stores for the Colorado market […]
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Alaska’s acting head of cannabis regulation is asking for additional staff members to help to handle her agency’s workload, a sign that regulators are struggling to cope with the rollout of the state’s new adult-use industry. Sara Chambers, the acting head of Alaska’s Alcohol & Marijuana Control Office, asked a state House budget panel this week […]
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Marijuana dispensaries in Nevada could have recreational product on the shelves as early as July, a development that would make the state the first new adult-use market created through last November’s election. During an appearance before a panel of state lawmakers, the Nevada Department of Taxation outlined a timeline for the rules governing the new market, according […]
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Colorado’s marijuana dispensaries and recreational stores sold $1.3 billion in products last year, up 30% from 2015 and nearly double the total in 2014 when adult-use sales began. According to state data, last year’s sales total is up from $996.2 million in 2015 and nearly $700 million in 2014. Colorado averaged more than $100 million […]
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Oregon lawmakers are considering putting the state’s medical and adult-use marijuana programs under the oversight of one regulatory agency. The move would put Oregon in the same company as its neighbor to the north, Washington state. According to the Blue Mountain Eagle, the co-chairwomen of the legislature’s Joint Committee on Marijuana Regulation have offered bills that […]
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By John Schroyer The number of licensed infused cannabis product manufacturers in Colorado has exploded in recent years, according to state records. The surge reflects factors including Colorado’s lack of business license caps, a resulting oversupply of marijuana, and companies diversifying to boost their margins in one of the nation’s most competitive cannabis markets. The […]
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The first salvo in the recreational marijuana legalization fight for the next election cycle looks set to be fired Thursday, in Phoenix. Safer Arizona 2018, a grassroots activism group, plans to file paperwork with the secretary of state’s office to place an adult-use cannabis legalization initiative on the 2018 statewide ballot, the organization announced Wednesday. […]
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The first Congressional Cannabis Caucus officially launched Thursday in Washington DC, with four bipartisan lawmakers asserting that their agenda includes protecting state cannabis laws from federal interference as well as reforming 280E of the tax code and cannabis banking laws. They even hope to remove marijuana from the federal list of controlled substances. The caucus, […]
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By Omar Sacirbey, Bart Schaneman and John Schroyer A medical marijuana company in New York lands a nursing home deal, Oregon may align the state’s MMJ and recreational programs under one regulator, and the Cannabis Caucus officially launches. Here’s a closer look at some notable developments in the marijuana industry over the past week. Cannabis in […]
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Many industry observers have doubted the capability of the California state government to meet the January deadline for having a cannabis business licensing system up and running, and now a state senator has broached the topic as well. Sen. Holly Mitchell, a Los Angeles Democrat, suggested the state delay licensing specifically for recreational marijuana businesses […]
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A pair of Massachusetts lawmakers have been appointed to apparently rewrite the recreational marijuana legalization law approved by voters last November. The Regulation and Taxation of Marijuana Act is an initiated state statute, instead of an amendment to Massachusetts’ constitution. That means legislators still have the legal ability to make changes to the law, despite what […]
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Support for legalizing marijuana is on the rise in Texas, a new poll shows. More than 80% of Texans support legal cannabis of any kind, and 53% of those favor recreational use, according to a University of Texas/Texas Tribune poll released Tuesday. Those numbers increased from 76% and 42%, respectively, since a 2015 poll. In the latest poll: […]
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By John Schroyer The legal marijuana industry in the United States has been built by pioneers willing to risk the wrath of authorities. That tradition is continuing in Alaska, where a retail shop owner has pushed the legal envelope by flying across her immense state with carry-ons full of marijuana inventory for her store. She’s […]
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By John Schroyer White House Press Secretary Sean Spicer on Thursday said there will likely be increased federal enforcement on recreational marijuana businesses. “I do believe you will see greater enforcement of it,” Spicer said in response to a question about whether the Department of Justice will enforce federal marijuana laws. It was the Trump […]
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Asked twice by reporters on Thursday about the Trump administration’s approach to the legal marijuana industry, White House Press Secretary Sean Spicer had the following response. When initially asked about the disconnect between federal law and state medical marijuana laws, Spicer replied: “There’s two distinct issues here: medical marijuana and recreational marijuana. I think, medical […]
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By John Schroyer The Trump administration hints at possible enforcement on recreational cannabis businesses, thousands of Northern California cultivation jobs are in jeopardy, and a new marijuana investment fund is in the works. Here’s a closer look at some notable developments in the marijuana industry over the past week. White House signals potential crackdown The […]
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By John Schroyer Despite ominous overtones from the White House, the eight states that have legalized recreational cannabis are proceeding full-bore, whether it’s with existing infrastructures or plans to establish new markets. Governors and attorneys general responded in unison: They’ll honor voters’ wishes, and conduct business as usual while awaiting specific policies. The cannabis industry’s future […]
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In his first public remarks about marijuana since being confirmed as U.S. attorney general, Jeff Sessions told reporters on Monday that his Department of Justice will strive to find “responsible policies” regarding the enforcement of federal cannabis laws. According to the Associated Press, Sessions – who was a vocal marijuana critic as a U.S. senator […]
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One of the largest marijuana consumer events – the High Times Cannabis Cup – is in peril. Nevada U.S. Attorney Daniel Bogden sent a letter on Feb. 16 to the Moapa Paiute Tribe warning that the event would be in violation of federal law. The tribe is scheduled to host the cup Saturday and Sunday on […]
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By John Schroyer Lori Ajax has what may be one of the most influential governmental positions in the legal marijuana industry – chief of California’s Bureau of Medical Cannabis Regulation. As such, Ajax is positioned to help craft regulations for what will be the nation’s largest medical and recreational cannabis markets when they’re up and running. […]
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