Category: Regulatory

Northeast governors take big step toward regional cannabis coordination

Democratic governors from New York, New Jersey, Pennsylvania and Connecticut took a landmark step Thursday toward coordinating recreational marijuana legalization efforts, agreeing on basic principles involving market regulation, taxation and social equity. They also focused on the vaping crisis, agreeing that states should either ban flavored vaporizer products or regulate them to reduce their attractiveness […]

California probes marijuana licenses of indicted man tied to Giuliani associates

The arrest of a Ukrainian-born businessman on charges of conspiring to violate federal campaign finance laws triggered a review of the California cannabis licenses he was granted. Lori Ajax, head of the California Bureau of Cannabis Control (BCC), told the Los Angeles Times the indictment of Andrey Kukushkin raises concerns. In the past year, according […]

Chicago marijuana firm inks $29 million real estate deal

Revolution Global, a Chicago-based cannabis company, will more than double the capacity at its flagship cultivation facility in Illinois after securing $28.75 million in funding from Freehold Properties, a Las Vegas-based real estate investment company. The doubling of size is in anticipation of a huge increase in demand when recreational marijuana sales begin in Illinois on […]

Northeast governors meet to create regional recreational cannabis plan

Governors from New York, New Jersey, Pennsylvania and Connecticut are co-hosting a cannabis summit Thursday with legislative leaders and policymakers in an unprecedented move to coordinate recreational marijuana legalization efforts. The governors and policymakers also will be discussing the vaping crisis. The four Democratic governors – Andrew Cuomo of New York, Phil Murphy of New […]

Recreational marijuana legalization in New Mexico set for push

New Mexico would use proceeds from recreational marijuana to provide low-interest loans to small cannabis businesses and eliminate taxes on medical cannabis under a legalization proposal from an expert panel appointed by Gov. Michelle Lujan Grisham. Details weren’t immediately available Wednesday, but the task force earlier had recommended licensing private businesses rather than implementing a […]

Chicago allows some retail cannabis sales downtown

Chicago’s City Council approved a zoning ordinance that bans recreational marijuana stores from the central business district but allows them to locate in part of the popular River North area downtown. Mayor Lori Lightfoot initially had proposed a ban covering nearly all of downtown, but she recently had a change of heart that unlocks some […]

Greenleaf resolves dispute, can open Ohio marijuana dispensaries

Greenleaf Apothecaries is poised to open three medical cannabis dispensaries in Ohio after resolving its dispute with state regulators. The company, which does business as The Botanist and Harvest of Ohio, was prohibited from opening new dispensaries until its case was resolved. Regulators in July alleged that Greenleaf had violated state ownership rules. Greenleaf is […]

Brazil again delays vote on regulating cannabis cultivation and products registration, dealing further setback to open market

William Dib, ANVISA’s director-president, pointed out the Brazilian public’s overwhelming support of a proposal to establish a regulatory framework on the domestic cultivation and registration of cannabis-based medicines. Brazilian health regulators unexpectedly postponed another vote on a groundbreaking proposal to regulate the cultivation and registration of cannabis-based medicines, delivering another blow to efforts to open […]

California gov’s signature on marijuana bills shows movement toward normalizing MJ as agricultural commodity

Cannabis-related bills signed into law by California Gov. Gavin Newsom are significant steps in both providing marijuana businesses with the ability to write off business costs on state tax returns as well as normalizing cannabis as an agriculture commodity for cultivators. On Oct. 12, Newsom signed Assembly Bill 37, which will allow California’s cannabis businesses to […]

FBI probing potential public corruption in Sacramento marijuana industry

The FBI is investigating suspected corruption involving Sacramento, California, cannabis businesses and public officials. The FBI interviewed marijuana industry officials in California’s capital city over the past few months about potential bribes made in exchange for license approvals and other favorable treatment, The Sacramento Bee reported Monday. The report about the probe comes a day […]