Category: Regulatory

Kansas City medical marijuana market attracts 74 applicants for 24 licenses

Only a third of the applicants to sell medical marijuana in the Kansas City area will receive licenses from the state this year, reflecting stiff competition as marijuana firms look to enter one of Missouri’s most lucrative markets. Lyndall Fraker, director of Missouri’s new medical marijuana program, told the Kansas City Star that Kansas City’s […]

Oklahoma medical cannabis businesses prepare for ‘necessary’ rules

Oklahoma medical marijuana companies are on the verge of facing new regulations that will increase compliance costs. Expanded costs are expected in a wide range of operations, including: Seed-to-sale tracking and package labeling. Product testing. Waste management. The regulations require MMJ businesses to have installed inventory tracking systems by late August and devote more resources […]

Bipartisan lawmakers offer federal bill to break medical cannabis research logjam

Published 1 min ago | By Jeff Smith A bipartisan group of U.S. congressional lawmakers introduced a bill Wednesday to accelerate medical cannabis research, a step that could potentially bolster support for federal marijuana reform. “Forty seven states have legalized some form of cannabis, yet the federal government is still getting in the way […]

Utah drops residency restriction for medical cannabis growers

Utah regulators eliminated a proposed residency requirement for the 10 medical marijuana cultivation licenses the state is set to award in late July, which could result in possible out-of-state ownership. The announcement came in a bulletin dated July 15, although the proposed rule change itself was filed on June 30, according to documents. A spokesman […]

California government report finds regulators are unable to fully oversee the state’s marijuana market

A new audit by California’s Department of Finance found regulators have a long way to go before they have a solid handle on the state’s cannabis industry. The report concluded – despite having established a “structural foundation” for managing the legal marijuana industry – the California Bureau of Cannabis Control (BCC)’s “current status and location […]

Cannabis banking lands landmark Senate committee hearing

A key U.S. Senate panel will meet next week to consider steps that could make it easier for marijuana companies to obtain banking services, a move that could pave the way for crucial MJ reform. The July 23 Senate Banking Committee hearing – which took industry officials by surprise – includes Sens. Jeff Merkley, an Oregon Democrat, […]

New Hampshire governor rejects medical cannabis expansion bill

Published 1 min ago New Hampshire Gov. Chris Sununu vetoed legislation that could have spurred medical marijuana sales by eliminating a health-care provider requirement. The bill would have eliminated the requirement that a patient have at least a three-month relationship with a health-care provider before being certified to receive MMJ. In nixing the medical […]

Jushi closes $63 million Pennsylvania medical marijuana deal

Jushi, a Florida-based marijuana company, closed an agreement to acquire Pennsylvania-based Franklin Bioscience in a $63 million deal. The purchase price for Franklin, which holds licenses for up to 12 medical marijuana dispensaries in Pennsylvania, is a combination of cash, debt and stock. Jushi entered into various acquisition agreements since it started trading on Canada’s […]

US touts medical cannabis research crop but applications linger

The U.S. government is growing the largest marijuana research crop in five years but still hasn’t acted on applications that could help shed light on the potential benefits of medical cannabis. The research, in turn, could be critical to opening up additional industry opportunities. Data from research could also shape public policy and bolster federal […]

CannTrust deals with cannabis regulatory woes, Florida caps, Congress urged to support STATES Act & more

CannTrust is zapped by Health Canada for unlicensed cannabis cultivation, Florida’s medical marijuana license caps and vertical integration regulations are ruled unconstitutional, marijuana advocates urge a U.S. Congressional panel to support states-rights marijuana legislation – plus more of the week’s top marijuana business headlines. Bad week for Canadian marijuana grower Ontario company CannTrust was hit […]