An Ohio medical marijuana grower filed a lawsuit against state regulators alleging that government overseers have been hamstringing the MMJ program’s growth, despite clear demand for more business services. According to Law360com, Fire Rock sued …
Marijuana Legalization and Regulatory News for Cannabis Businesses
Utah medical cannabis sales, patients surpassing projections
Utah’s 6-month-old medical cannabis program has far exceeded sales and patient enrollment projections – sparking product shortages that are boosting business opportunities for licensed cultivators. The state already has hit the 10,000 milestone f…
Adult-use marijuana legalization in New Jersey expected to ignite domino effect
Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November. A recreational marijuana industry in New Jersey itself – with a population of nearly 9 million people &#…
Massachusetts nears marijuana delivery from wholesalers
Massachusetts is just a step away from expanding its cannabis home delivery rules, a move designed to benefit social equity applicants as well as provide a second, potentially lucrative wholesale option. The Massachusetts Cannabis Control Commission on…
Wholesale cannabis bud prices rise significantly in Colorado
The average market rate for wholesale marijuana in Colorado hit a three-year high, according to new figures from the Colorado Department of Revenue. For the quarter from Oct. 1 to Dec. 31, the average market rate for a pound of unprocessed retail marij…
California won’t increase cannabis taxes for a year thanks to new law
California cannabis companies won’t see their state taxes go up until at least next year. Gov. Gavin Newsom signed into law Assembly Bill 1872 (same language as Senate Bill 827), which prohibits the California Department of Tax and Fee Administra…
Illinois marijuana retail hopefuls drop suit after getting second chance
A group of unsuccessful cannabis retail store license applicants in Illinois withdrew their legal challenge against the state after the governor announced an application do-over. “This is what we were trying to achieve,” Jonathan Loevy, a Chicago lawye…
Montana recreational marijuana ballot measure would allow only local operators
Montana voters will decide in November if they want to join the growing list of states with adult-use marijuana, and if they do, the market will be one of a shrinking number that allow only in-state residents to comprise the industry. The ballot measur…