Category: Regulatory

Hearing begins for NV marijuana businesses claiming state licensing bias

Published 1 min ago Attorneys for dozens of Nevada marijuana businesses began a multiday hearing before a judge they’re asking to temporarily freeze new dispensary licenses in the state’s booming recreational cannabis market. MJ firms that lost bids for new licenses last December are challenging the criteria and personnel the state used to score […]

Colorado will allow doctors to recommend medical marijuana in lieu of opioids

Colorado Gov. Jared Polis signed a measure that will allow physicians to recommend medical cannabis in lieu of opioids. The move could buoy sales of medical marijuana, which have declined as purchases of adult-use cannabis have soared. The new law is scheduled to go into effect Aug. 2, the Denver Post reports. In 2017, 3.7 million opioid […]

Utah governor blasts Feds for inaction on cannabis banking, medical research

Published 1 min ago Utah Gov. Gary Herbert said the federal government “oughta be ashamed” for its “lack of action and attention” on cannabis policy reform, including steps to encourage marijuana banking and medical research. The Salt Lake Tribune reported Thursday that Herbert, a Republican, said Utah’s medical marijuana program faces policies that hinder doctors from […]

MMJ expansion moves forward in NJ, cannabis banking, Canada MJ shortages toll

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 industry. New Jersey MMJ expansion on track The Garden State’s legislature is moving toward approving a major expansion of its medical cannabis program, which to […]

New 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 fast-growing market. The measure paves the way for the state to issue additional business licenses, cannabis home delivery and a more-liberal MMJ recommendation process. MMJ […]

Maine regulators urged to put small recreational marijuana businesses first

Published 1 hour ago 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 marijuana industry. The Maine Office of Marijuana Policy held the public hearing about the state’s draft recreational marijuana rules, which […]

Texas 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 program. The Texas Senate passed HB 3703 on Wednesday after it previously advanced through the State House. The measure now goes to the desk of […]

What 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. Consider the following: In New York state, medical marijuana business licensees must sign a labor peace agreement with a union. The same is true in California for cannabis licensees with at least 20 […]

California Senate votes to allow banks and credit unions to accept cannabis retailer deposits

Published 1 min ago The California Senate voted almost unanimously to pass a bill that would allow banks and credit unions to accept cash deposits from cannabis retailers. The 35-1 vote would allow banks to issue special checks to the retailers that could be used for certain purposes, including paying taxes or California-based vendors. […]

State bankers associations urge US Senate to consider marijuana banking reform

U.S. state bankers associations jointly sent a letter to leaders of a key Senate panel saying they support cannabis banking reform and urging the committee to hold a hearing on the merits of such legislation. “We believe federal action is necessary and support a solution that would allow banks to serve cannabis-related businesses in states […]