New York Medical Cannabis Business & Marijuana Legal News – Page 2

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DEA might start issuing cannabis cultivation permits in early 2021

After years of delay, the U.S. Drug Enforcement Administration could soon begin issuing licenses to businesses and institutions to cultivate cannabis for scientists researching the plant. “I expect them to start issuing licenses no later than the first…

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TerrAscend borrows $120M to make payments on marijuana acquisition

U.S. and Canadian marijuana operator TerrAscend borrowed $120 million from a syndicate of lenders to help finance earn-out payments related to its acquisition of Ilera Healthcare in Pennsylvania. The financing, announced Dec. 18, is senior secured debt…

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Marijuana MSO MedMen fights to turn around finances, but challenges linger

Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge chall…

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Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner

Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
Growing markets lift multista…

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$6 billion question: Which states are likely to legalize recreational marijuana in 2021?

Recreational marijuana legalization victories at the ballot box in Arizona and New Jersey this month have set the table for adult-use legalization in a handful of nearby states in 2021 – with more than $6 billion in business opportunities possibly up f…

Marijuana regulators across US to share best practices, offer advice

Marijuana regulators from 19 states have established a nonpartisan organization to share best practices and industry knowledge. The Cannabis Regulators Association (CANNRA) also will assist federal, state and local authorities that have approved or are…

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Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. Marijuana multistate operators are well-positioned to th…

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Governor signals New York will consider adult-use marijuana legalization soon

Days after New Jersey voters approved adult-use marijuana, New York Gov. Andrew Cuomo reiterated that he will push for recreational legalization in the coming months as a way to help offset the state’s multibillion-dollar budget deficit.
Governor signa…

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NJ marijuana legalization could have ‘snowball’ effect, industry official says

A vote by New Jersey residents Tuesday to legalize recreational marijuana could create a “snowball” that rolls down the East Coast and picks up more states along the way, predicted one industry insider.
NJ marijuana legalization could have ‘snowb…

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Week in Review: NY medical marijuana market could slow adult use, state legalization funding, Mississippi obstacles & more

New York Gov. Andrew Cuomo wants to legalize adult-use cannabis, but the state’s heavily restricted medical marijuana program could hamper those efforts. MJBizDaily takeaway: Experts believe that New York needs to expand its MMJ program in advanc…