Montana lawmakers rejected a $1.35 million budget request to fund the state’s recreational cannabis program, raising uncertainty about the program’s ability to meet its deadlines. The state revenue department had requested the money to set …
Author: Sarah Johns
Arkansas opens up medical marijuana processor, transporter licensing
The steadily growing Arkansas medical marijuana program is offering new business opportunities: processor and transporter licenses. Scott Hardin, spokesman for the Arkansas Medical Marijuana Commission, wrote in an email that the state’s MMJ cons…
Arkansas opens up medical marijuana processor, transporter licensing
The steadily growing Arkansas medical marijuana program is offering new business opportunities: processor and transporter licenses. Scott Hardin, spokesman for the Arkansas Medical Marijuana Commission, wrote in an email that the state’s MMJ cons…
Texas medical marijuana operators ‘push but not shove’ to expand state’s limited MMJ program
Texas’ limited medical marijuana program is considered economically unviable for MMJ companies, generating sales that represent a fraction of what one industry executive described as a potential billion-dollar market. But that situation could begin to …
New York governor presses again for legalizing recreational cannabis
New York Gov. Andrew Cuomo said Wednesday he will push for the state to legalize a commercial recreational cannabis program that provides “equitable” licensing opportunities and “reflects national standards and emerging best practices.” Cuo…
Federal marijuana reform outlook brightens as Democrats on verge of US Senate control
Prospects for major federal marijuana reform are poised to take a big step forward now that Democrats appear to be on course to take control of the U.S. Senate. In the closely watched Georgia Senate runoffs, Democrat Raphael Warnock was declared the vi…
Major federal marijuana reform could hinge on outcome of two Georgia Senate races
All eyes are on Georgia and two runoff races Tuesday that will determine whether the U.S. Senate flips to Democrats, an outcome that could make the upper chamber more amenable to federal marijuana reform – perhaps even legalization. Potentially b…
As more marijuana firms go public, feds urge SPACs to beef up disclosures
U.S. securities regulators are urging special purpose acquisition companies, or SPACs, to strengthen disclosures related to potential conflicts of interest, compensation incentives and other critical information for investors. The guidance this week fr…
MPX, iAnthus tangle in NJ court as adult-use marijuana launch draws near
A judge issued a preliminary ruling in favor of a New Jersey medical marijuana company in its legal tangle with New York-based multistate operator iAnthus. MPX NJ, which received one of only 12 vertical MMJ licenses in the state, sued iAnthus last week…
Cannabis M&A activity intensifies as investor sentiment brightens since November election
Cannabis mergers and acquisitions are heating up, with more than $600 million worth of deals announced on Tuesday alone – and that’s on top of additional transactions unveiled since the U.S. presidential election last month. New York-based …