Highlights from the Illinois Cannabis Regulation & Tax ActÂ
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Cannabis in the News
Federal Trade Commission Sends Warning Letters To Three CBD Companies
The Federal Trade Commission has once again cautioned companies to make sure that they are within federal guidelines when it comes to selling CBD. On Tuesday, the agency announced that it had issued warning letters to companies that it says were advertising health...
Massachusetts mayor removed from office for allegedly ripping off marijuana companies
A Massachusetts mayor charged with extorting hundreds of thousands of dollars from cannabis companies has been temporarily ousted from office. The Fall River City Council voted 8-to-1 on Tuesday night in favor of appointing Council President Cliff Ponte to temporarily...
Weedmaps reiterates pledge to drop illicit retailers from site; L.A. dispensary group calls for immediate fines amid vaping crisis
Online marijuana advertising giant Weedmaps has offered more details on its plan to remove unlicensed cannabis retailers from its website. But a Los Angeles-area trade organization said it's not satisfied and is calling for regulators to impose potentially billions of...
FDA deadline to comment on international rescheduling of cannabis nears
The U.S. Food and Drug Administration (FDA) reopened a comment period for public input in preparation for the international discussion to reschedule marijuana  as recommended by the World Health Organization (WHO). The deadline to submit comments is Sept. 30. The...
Medicine Man Technologies buying Colorado marijuana firm for $31 million
Denver-based Medicine Man Technologies continues its recent acquisition tear, announcing on Wednesday it is paying $31 million in stock and cash for Strawberry Fields, a cannabis operator based in Colorado Springs, Colorado. Strawberry Fields, which has worked with...
Will California Get a Hemp Social Equity Program?
As states across the country develop regulated cannabis programs, more and more are incorporating social equity programs. Illinois’ new adult-use cannabis law, for example, made waves for its broad social equity program. Here in California, cannabis social equity is...
Aurora Cannabis closes new loan deal worth as much as CA$200 million
Alberta-based Aurora Cannabis closed an expansion of a loan deal with three of Canada’s biggest banks, making it among the largest nonconvertible debt facilities in the marijuana industry to date, according to analysts. Aurora said it closed term loans worth an...
NY Department Of Financial Services Issuing Subpoenas Against Opiate Suppliers
The New York Department of Financial Services has announced that it will be issuing dozens of subpoenas to individuals and companies associated with the pharmaceutical opioid industry. State Governor Andrew Cuomo did not mince words when referring to the...
Nevada marijuana licensing chief placed on leave amid bias claims
The head of Nevada’s cannabis licensing division is on leave from his job after allegations of favoritism and improper conduct arose during court hearings about the state’s retail marijuana application process. Taxation Department spokesman Ky Plaskon on...
New York requiring vaping warnings for medical cannabis stores
New York state plans to require health warning signs in medical marijuana dispensaries that sell vaping devices after hundreds of cases of lung illnesses believed to be related to the practice. According to Gov. Andrew Cuomo, the state also will issue subpoenas to...
Governor Of South Dakota Vows To Veto Bill Legalizing Industrial Hemp
In an op-ed published in the Wall Street Journal on Monday evening, Republican Gov. Kristi Noem said that until law enforcement has a reliable and efficient method to differentiate marijuana from industrial hemp, South Dakota would not be joining the other states that...
Everything We Know So Far About The Recent Vape-Linked Deaths and Illnesses
If all the recent news about vape-related deaths and illnesses has you casting suspicious glances at your cartridges and concentrates, you aren’t alone. Reports of hospitalizations due to vaping are surging around the United States, with 450 cases currently...
Massachusetts gov plans hands-off approach to any changes in marijuana rules
Massachusetts Gov. Charlie Baker will take his cues from the state’s Cannabis Control Commission on any proposed changes to the state’s marijuana law, in the wake of a high-profile political arrest centered around marijuana licenses. The Republican was...
Michigan dispensary swaps cannabis vape cartridges for e-cigs
In the wake of a new ban on flavored e-cigarettes, a Michigan medical marijuana dispensary hopes to lure new customers by offering free THC or CBD vaporizer cartridges to those who want to unload their prohibited e-cigarettes. The dispensary, Greenhouse, plans to give...
Alabama Medical Cannabis Commission Member Says Marijuana Isn’t Medicine
Stephen Taylor, a child and adolescent psychiatrist and addiction psychiatrist who sits on the Alabama Medical Cannabis Commission, said at a meeting Monday that pot is not medicine. “If it hasn’t been validated as a medicine, we shouldn’t be calling it medical...
California marijuana banking bill dies, but will return in 2020
A bill to set up a state-run banking system for California cannabis companies died after months of legislative wrangling, but the measure’s sponsor already pledges to reintroduce the bill in 2020. Senate Bill 51, sponsored by Sen. Robert Hertzberg, was one of...
Marijuana Business Financing: Tough Questions From Investors
As veteran marijuana business owners (and virtually every other type of industry owners) know, there may come a point in time in the business when you are sitting across the table from someone who is offering to put money into your business. They may be your...
There Are 420 Days Left Until The 2020 Presidential Election
If you’re counting down the 2020 presidential election, today marks an important milestone on the campaign trail, with 420 days left until it’s time to cast your ballot. And if, like many Americans, you’re making marijuana policy reform a priority...
New York governor urges against vaping – with or without cannabis
New York Gov. Andrew Cuomo and the state’s health commissioner called for consumers to stop vaping in the wake of reports of deaths and sickness related to the practice. Many of those sickened said they’d been vaping THC, an active ingredient in cannabis....
CanEx Jamaica To Explore Emerging Markets In The Cannabis Space
Cannabis industry professionals from around the world will focus on the evolving market for legal marijuana when CanEx Jamaica Business Conference and Expo 2019 comes ashore at Montego Bay on September 26 through 28. Billed as the premier business-to-business...
Mayor Allegedly Extorted Thousands Of Dollars From Marijuana Vendors
The young mayor of a Massachusetts town is in big trouble after federal agents announced on Friday that they were bringing charges of bribery, extortion, wire fraud, and filing false tax returns against him in connection with gouging marijuana entrepreneurs looking to...
Oregon Officials Won’t Say Which Stores Allegedly Sold Deadly Vape Cartridges
An Oregon individual’s death has been linked to vaping products purchased from two of the state’s cannabis shops before falling fatally ill, but officials are staying mum about which stores exactly. The state’s Health Authority has launched an investigation into...
Arizona group modifying recreational marijuana legalization measure
A group pushing to legalize adult-use cannabis in Arizona plans to refile its proposed voter initiative with some changes later this month in response to a legislative committee review. It doesn’t appear the changes will be substantial, according to the Arizona...
The Regulatory Twilight Zone: California Cannabis Transactions
For years now, I’ve seen and analyzed many different cannabis business relationships across the industry spectrum. Specifically, many proposed and draft agreements have come across my desk detailing the contractual relationships between a variety of parties in...
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