In 2019, legalized Marijuana’s domestic sales reached $11.7 billion, and grow, processing and dispensary licenses were valued at (and, reportedly, sold for) over $20 million dollars. Licenses are granted by the respective 33 states with Marijuana programs, most of which impose an arduous competitive application process and deny 91% of the submissions. Like any other contest, […]
federal government
Federal mental health grants canceled because Maine has legal marijuana
Because Maine allows the medical use of marijuana by students, the federal government is cutting off $3.3 million in already approved funding to support mental health programs for youngsters. It isn’t clear whether the new federal policy may impact other grants received by the state. The state won a five-year federal grant in 2018 that […]
Coronavirus in Oklahoma: Marijuana dispensaries roll without a rescue
No federal help is on the way for medical marijuana businesses, so the fledgling industry in Oklahoma is finding its own way through the coronavirus pandemic and economic crisis. “We’ve had to look at taking cost-cutting measures and increasing our solvency on our own,” said Corbin Wyatt, CEO of Likewise Cannabis, which has dispensaries at […]
No Congressional Couch Lock: State Medical Marijuana Laws Protected Through September 30th
By HILARY BRICKEN The Rohrabacher-Blumenauer Amendment can still be used as a shield for medical marijuana providers…for now. State implementation of medical marijuana laws are safe from interference from the Department of Justice until September 30th of this year. In a highly anticipated move, Congress extended the protections of the well-known “Rohrabacher-Blumenauer Amendment” (the “Amendment”) […]
The Shocking Shift in Perception of Cannabis
Ok, that headline is probably not even news in the cannabis industry. The past 12 months have brought dramatic change to the landscape of the cannabis marketplace, and a shocking shift in the U.S. acceptance of cannabis as both a medicine and a recreational product. Most people seem to know that cannabis is quickly becoming […]
California Cannabis: Prepare Now For Your Upcoming Product Liability Wake-Up Call
Time and again I have warned cannabis industry participants that federal prohibition means nothing when it comes to liability created by defective products. Colorado is a prime example of the threat and the power of cannabis product recalls. And though for years now we’ve seen various cannabis businesses in Colorado pull their products from the shelves for illegal pesticides […]
Cannabis is What America Needs
To my fellow Americans: We have a severe crisis in America today. We’re divided politically on many issues, we have a legal drug epidemic – the abuse of prescription opioids – that is spreading rampantly across the United States. We are losing our rights and privileges to affordable health care. And the gap between rich and poor is becoming larger […]
Colorado Eyeing Pot-Clubs to Keep Smoke off the Streets
DENVER — At risk of raising the ire of the White House, Colorado is on the brink of becoming the first state with licensed pot clubs. But the details of how these clubs will operate are as hazy as the underground clubs operating already. Denver officials are working on regulations to open a one-year pilot […]
Nine Ways the Federal Government Restricts Legal Marijuana States
Even as he celebrated the end of a big year for his cannabis-focused company, Terra Tech, Derek Peterson was scrambling to cope with some bad news. On the one hand, in 2016, his Newport Beach business raised close to $20 million to produce and sell marijuana products across the country, tripled its workforce and applauded […]
21st Century Cures Act A Huge Positive For The Cannabis Industry
By Jason Napodano On December 7, 2016, the U.S. Senate passed the 21st Century Cures Act. President Obama said he plans to sign the bill into law as soon as it hits his desk. The Act, which is designed to facilitate FDA approval of new drugs and medical devices, is a major win for the […]
