The U.S. House of Representatives on Wednesday passed a groundbreaking bill to reduce barriers and expand scientific research into medical cannabis, a move that could be critical to convincing Republican lawmakers to support broader marijuana reform. O…
Author: Kate Robertson
Full US House expected to take up medical cannabis research bill
The U.S. House of Representatives is poised to vote on a bill this week to accelerate medical cannabis research, a move that could strengthen support for broader reform. The vote, expected as soon as Wednesday, comes on the heels of the House passing a…
Cannabis grow firm seeks to raise $125 million in stock offering
GrowGeneration Corp., a cannabis cultivation company that owns a chain of hydroponic garden centers, intends to raise an additional $125 million through a secondary stock offering to fuel expansion, according to a filing with the U.S. Securities and Ex…
Biden to name attorney general soon – likely better for marijuana industry
President-elect Joe Biden told reporters Monday he plans to name his attorney general this week, a cabinet post that could be critical for the marijuana industry. Biden’s choice to lead the U.S. Department of Justice is expected to be more favora…
New Jersey lawmakers agree on recreational marijuana legalization bill
Legislative leaders and New Jersey Gov. Phil Murphy said they agreed to a compromise to establish the state’s recreational marijuana market, and a vote on the implementation bill is expected Dec. 17. The compromise includes these points, accordin…
MJBizCon advice: Assess cannabis strategy and prepare for next crisis
The coronavirus pandemic forced the marijuana industry to “grow up” and now provides a unique opportunity for companies to reevaluate their business strategies, including retail locations, a leading industry executive said Friday at MJBizCon 2020.
MJBi…
US House passes historic bill to legalize marijuana at federal level, but Senate looms
In a groundbreaking vote, the U.S. House of Representatives on Friday passed a comprehensive bill that removes marijuana from the Controlled Substances Act, ending the federal government’s 8-decades-old prohibition on the plant.
US House passes histori…
DEA asks court to toss marijuana rescheduling appeal
The U.S. Drug Enforcement Administration reiterated that a lawsuit challenging marijuana’s classification as a Schedule 1 drug under the federal Controlled Substances Act should be dismissed because of lack of jurisdiction and merit. The DEA’s assertio…
Marijuana legalization opponents turn to courts to shoot down state ballot initiatives
Private citizens and public officials, sometimes joined by governors, increasingly are filing lawsuits to kill statewide marijuana legalization ballot initiatives, including some that voters approved in November. The legal challenges appear to be long …
Cannabis MSO Acreage inks $12 million loan to expand Illinois operation
Multistate cannabis operator Acreage Holdings said Wednesday it has agreed to a $12 million construction loan to complete the expansion of its cultivation and processing facility in the fast-growing Illinois market. The financing is from The Pelorus Fu…