Month: August 2020

Oklahoma group abandons effort to legalize adult-use cannabis

Advocates for legalizing a commercial recreational marijuana program in Oklahoma gave up their bid for November’s election because of the difficulty of collecting signatures during the coronavirus pandemic. “We have been put in a position of choosing between attempting to give Oklahomans an opportunity to adopt critical marijuana and criminal justice law reforms or protecting […]

US House to take up marijuana descheduling bill week of Sept. 21

The MORE Act, a bill that would deschedule marijuana and thereby legalize it federally – with massive business implications – is scheduled to be considered by the full U.S. House of Representatives the week of Sept. 21, according to an email sent by House Majority Leader Steny Hoyer. Hoyer, a Maryland Democrat, discussed the plans […]

Nebraska ballot initiative to legalize medical marijuana challenged in court

The Nebraska Supreme Court will decide whether to allow residents to vote in November on the legalization of medical marijuana – a move that would create business opportunities to cultivate and sell MMJ. Lancaster County Sheriff Terry Wagner on Friday filed a challenge to Secretary of State Bob Evnen’s ruling that the medical marijuana ballot […]

Federal marijuana reform momentum expected to continue despite absence from party conventions

The Democratic and Republican national conventions barely touched on federal marijuana reform. The Republicans didn’t even write a new platform. And the Democratic platform fell short of supporting the efforts congressional Democrats have made in the past year toward federal marijuana legalization and cannabis banking reform. Nevertheless, Washington DC lobbyists and industry experts expect Democratic […]

Value pricing isn’t only way for cannabis businesses to compete with illicit market

(This is an abridged version of the cover package that appears in the August issue of Marijuana Business Magazine.) The Illegal cannabis market continues to be one of the biggest threats to legal marijuana industry, whether through diverting revenue from licensed businesses or stunting the growth of legal MJ companies across the United States. Though […]

True cost of wildfires still unclear for California cannabis farmers

Many California marijuana farmers are struggling with the aftermath of recent wildfires in the state, even if their farms went untouched by the blazes. But those affected have said they’re just as determined as ever to continue growing. One Santa Cruz County nonprofit farm is worried that its 300 plants might dry up before staffers […]

Cannabis ballot measures finalized, Florida gets edibles, capital raises rebounding & more

A recreational marijuana legalization ballot measure in Arizona got the final go-ahead, while a medical cannabis legalization initiative in Nebraska is fighting to keep its place on the November ballot. MJBizDaily takeaway: It’s shaping up to be a six-state legalization race in November, with Arizona, Mississippi, Montana, Nebraska, New Jersey, and South Dakota all voting […]

Full US House poised to vote on marijuana descheduling bill in September

The full US House is expected to vote next month on a sweeping reform bill that would remove marijuana from the Controlled Substances Act, in what would be a historic development for the industry. House Democratic leadership is preparing for a vote on the social justice-focused Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019, […]