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New Jersey court tosses medical cannabis licensing issue back to state

A court ruling in New Jersey could prompt regulators to resolve some of the lingering litigation over medical cannabis licensing in advance of the launch of a recreational marijuana program in the state.
New Jersey court tosses medical cannabis licensi…

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US House poised to act this week on landmark marijuana legalization bill

The U.S. House of Representative is scheduled this week to take up legislation to legalize marijuana federally, a landmark step that could mark the first time a full congressional chamber has voted to end the federal government’s MJ prohibition.
US Hou…

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Marijuana firm Vireo files prospectus to issue up to $200 million in securities

Minneapolis-based Vireo Health International said it has filed a preliminary prospectus in Canada to sell as much as 260 million Canadian dollars ($200 million) in securities if and when market opportunities permit. Such a shelf offering doesn’t mean a…

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Cannabis MSO Jushi plans $50 million expansion in Pennsylvania

Fast-growing multistate cannabis operator Jushi Holdings said it will invest $50 million to expand its Pennsylvania cultivation and processing facility to meet increasing market demand. The Florida-based MSO plans to expand the facility in Scranton fro…

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Cannabis firm Liberty Health settles class action suit for $1.8 million

Canada-based cannabis operator Liberty Health Sciences said it agreed to settle a 2019 securities fraud class action lawsuit for $1.8 million. The settlement is “made without any admission or finding of liability and is subject to court approval,” Libe…

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Marijuana operator Harvest settles dispute over Washington state assets

Multistate marijuana operator Harvest Health & Recreation said it has settled litigation in connection with the Washington state portion of an $85.8 million deal the company announced last March to buy the Seattle-based Have a Heart retail group. T…

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New Jersey recreational cannabis bill advances, but differences remain

Two key New Jersey legislative budget committees advanced a recreational cannabis implementation measure, but differences in the Assembly and Senate versions must be resolved before a full-floor vote. New Jersey lawmakers are moving rapidly since resid…

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New Jersey medical marijuana applicants seek to break legal impasse

A group of unsuccessful medical marijuana license applicants is trying to compel New Jersey officials to settle a case that continues to stall program expansion in advance of an adult-use market in the state.
New Jersey medical marijuana applicants see…