A New Mexico judge rescinded new state requirements that made it more difficult for certain out-of-state visitors to access the medical cannabis program through a reciprocity provision. Santa Fe District Judge Matthew Wilson, in a ruling Tuesday, agree…
Author: Amy Hansen
Impending adult-use marijuana program will test ‘made in Vermont’ ethos
Vermont’s new recreational cannabis program is projected to generate roughly $250 million in annual sales by the middle of the decade, but homegrown companies might find themselves pitted against larger out-of-state businesses. Three medical cann…
Group inks $182.8M of cannabis deals in bid to become publicly traded REIT
A New York-based limited partnership said it has entered binding agreements to acquire 15 marijuana-related properties in nine states for $182.8 million with the intention of becoming a leader in the cannabis real estate investment trust (REIT) sector….
Maine cannabis companies now qualify for energy-efficiency grants
A ratepayer-funded agency in Maine that promotes sustainable energy will allow licensed marijuana businesses to apply for energy-efficiency grants. Efficiency Maine lifted a ban on cannabis businesses by a vote of 5-2, saying marijuana businesses are a…
Challenge to WA marijuana residency requirement returned to state court
A legal challenge to the Washington state’s cannabis licensing residency requirement is being sent back to state court by a federal judge. U.S. District Court Judge Benjamin Settle wrote in his order Monday that while he has jurisdiction, case law indi…
Florida’s highest court hears more on key medical marijuana licensing case
In a rare move, the Florida Supreme Court heard additional oral arguments Wednesday on a case to decide whether the state’s medical marijuana licensing scheme is unconstitutional, with questions focusing in large part on whether the system is clo…
Asset sales, market growth might boost cannabis multistate operator finances
Publicly traded multistate marijuana operators appear to be in better financial health than they were at the beginning of the year, but many have shed operations in potentially lucrative markets to bolster their balance sheets. MSOs are benefiting from…
US Supreme Court declines to weigh in on cannabis overtime pay case
How federal labor laws affect state-legal marijuana businesses could remain murky after the U.S. Supreme Court decided not to hear an overtime pay case in the cannabis sector. A petition by Helix TCS, a Colorado cannabis security firm, for the Supreme …
Illinois marijuana retail applicants sue over state’s do-over plan
Illinois is continuing to run into major legal problems in its bid to award 75 additional marijuana retail licenses and prove the merits of its social equity plan. Three applicants who qualified for the final lottery sued the state, challenging Gov. J….
West Virginia awards licenses to 10 medical marijuana growers
West Virginia regulators awarded 10 medical cannabis cultivation permits as one of the country’s slowest MMJ programs to launch took a major step toward a possible market start in spring 2021. The cultivation license award winners included at least thr…