Category: Regulatory

As cannabis industry grows, opportunities in testing rise

Published 1 min ago | By Codie Sanchez (This article is part of MJBizDaily’s premium subscription service, Investor Intelligence.) The U.S. cannabis industry has been experiencing rapid growth over the past decade due to changing public attitudes and legislative changes at both the state and federal level. Given the skyrocketing demand for cannabis and its […]

Ohio panel reverses course on anxiety, autism as medical marijuana conditions

Published 1 min ago Ohio’s fledgling medical marijuana market was dealt a blow when an expert panel rescinded its recommendation to approve anxiety and autism as qualifying conditions. In neighboring Pennsylvania, adding anxiety to the MMJ list of conditions has resulted in a boom in patients and sales. The Ohio medical board committee reversed its […]

New Mexico opposes opening medical cannabis market to non-residents

Published 1 min ago New Mexico Gov. Michelle Lujan Grisham’s administration is intervening to challenge a recent judge’s ruling that would boost medical marijuana sales by compelling the state to open its market to qualified nonresidents. The governor’s legal office argued in a court motion that the ruling raises significant issues, such as possibly encouraging the […]

Cannabis firm Trulieve reports strong revenue growth in second quarter

Trulieve Cannabis Corp., a Florida-based multistate operator, reported record revenue of $57.9 million for the second quarter, up 149% compared with $23.3 million during the same period a year ago. Revenue for the six-month period ended June 30 totaled $102.4 million, nearly triple the $38.5 million the company posted during the second quarter last year. […]

Pennsylvania medical cannabis market boosted after adding anxiety

Published 1 min ago Pennsylvania medical cannabis sales are getting a big lift from the addition of anxiety as a qualifying condition. In less than a month, 3,000 people were certified to buy medical marijuana because of anxiety disorders, the Pennsylvania Capital-Star reported, citing state health officials. The qualifying condition became effective July 20. State health […]

California university teams with DEA-approved company to research marijuana

Researchers at the University of California-Davis have joined forces with Biopharmaceutical Research, which is registered with the U.S. Drug Enforcement Administration, to study marijuana for the benefit of law enforcement, health care providers and scientists. The research could benefit cannabis companies by helping authorities to distinguish between marijuana and hemp. The two groups of researchers will also […]

New Mexico gov’s commission eyeing adult-use cannabis legalization

Published 5 mins ago A bipartisan group appointed by New Mexico Gov. Michelle Lujan Grisham to study legalizing recreational marijuana is moving forward with two public policy meetings this month. The group was scheduled to meet in Albuquerque Wednesday to hear from officials from the state’s current medical cannabis program and from marijuana licensing experts. […]

Utah selects Leaf Data Systems for medical cannabis seed-to-sale system

Utah regulators selected Leaf Data Systems for its medical cannabis seed-to-sale traceability program. Leaf Data is a product of Denver-based technology provider Akerna. Akerna, which trades on the Nasdaq as KERN, is the new company formed by the merger of MJ Freeway and MTech. The next generation of Leaf Data Systems provides what it calls […]

Marijuana wholesale prices on the rise in mature recreational markets

Wholesale cannabis prices appear on the rise in longstanding adult-use cannabis markets Colorado, Oregon and Washington state, according to two recent reports and insight from growers. The upward-trending prices seem to be increasing because of: Stronger demand and weaker supply beyond the typical summer economic dynamics. More growers going out of business. Farmers pivoting to […]

Illinois medical marijuana market expanded in advance of recreational launch

Published 1 min ago Illinois Gov. J.B. Pritzker signed legislation adding new qualifying conditions, including chronic pain, to the state’s medical cannabis program, which likely will boost sales in advance of next year’s recreational MJ launch. By signing the bill, the Democratic governor also makes the state’s MMJ program permanent, the Chicago Sun-Times reported. Here […]