Month: February 2021

Virginia lawmakers agree on recreational marijuana legalization

Virginia lawmakers on Saturday narrowly approved compromise legislation legalizing a commercial recreational marijuana program that could generate nearly $1.5 billion in annual sales within five years of the scheduled Jan. 1, 2024 start. But there’s a catch: The measure passed includes a clause pushed by the Senate that will require the General Assembly in 2022 […]

5 weed products rapper Problem can’t live without

Last week, West Coast mixtape legend Problem dropped a track called “4 the Low.” In the song’s video, you can see the Compton-raised MC talk broad strategy with co-star Wiz Khalifa, bike through Los Angeles’s neighborhood streets — joint on his lips, old-school —  and rhyme with Wiz in front of super-fine rides.  Woven into […]

Sale of cannabis-infused beverages up 40% as new consumers seek out familiar format

Sales of cannabis-infused beverages were up up 40% last year, as companies sought to capitalize on new marijuana consumers seeking a familiar form of consumption and those looking for an alternative to alcoholic drinks. Marijuana beverage companies, for example, have been cashing in on health-related trends such as Dry January, when alcohol drinkers abstain for […]

Virginia lawmakers scramble to agree on adult-use marijuana bill before Saturday cutoff

Legislative negotiations in Virginia to resolve differences over two adult-use marijuana bills are down to the wire. A conference committee is trying to agree on a measure so it can be passed before the end of a special legislative session. Saturday is the deadline to work on legislation, but the Legislature won’t officially adjourn until […]

California marijuana testing lab sues state over revoked license

A San Francisco Bay Area marijuana testing lab whose business license was revoked earlier this month filed suit against California regulators, claiming its right to due process was violated because there’s no appeals process. According to the lawsuit, filed Thursday in Alameda County Superior Court, the Bureau of Cannabis Control (BCC) on Feb. 4 yanked […]

Michigan loosens eligibility requirements for recreational cannabis licenses

Michigan’s recreational cannabis market will open up to new competition beginning March 1, when applicants for multiple classes of adult-use marijuana licenses will no longer require an active medical MJ license to be eligible. The state’s Marijuana Regulatory Agency (MRA) reminded the industry of the licensing eligibility change in a news release issued Friday. “Beginning […]

Ascend Wellness acquires most of MedMen’s NY cannabis operation for $63 million

Massachusetts-based Ascend Wellness Holdings is acquiring an 86.7% interest in financially strapped MedMen Enterprise’s cannabis operation in New York for $63 million, according to a definitive agreement announced Friday. Multistate operator Ascend Wellness Holdings (AWH) has an option to acquire the remaining equity in the New York operation for $10 million, contingent on the launch […]

Lawsuit casts spotlight on New York’s initial medical cannabis licensing, questions scoring

A new lawsuit sheds light on New York’s licensing of 10 medical cannabis operators in 2015 and 2016, raising questions about how regulators scored the applications and whether other unsuccessful applicants could raise their own legal objections. Fresh lawsuits could slow the process of handing out additional MMJ licenses – at a time when state […]

New Jersey fills remaining slots on marijuana oversight commission

New Jersey Gov. Phil Murphy moved quickly to complete the five-member Cannabis Regulatory Commission, only two days after signing adult-use marijuana implementation legislation into law. State regulators now have 180 days from the bill’s enactment to develop rules and regulations. That means existing medical marijuana operators could begin adult-use sales before year-end. The Cannabis Regulatory […]