Florida has watched from the sidelines for years as other states such as Colorado, Oregon, and California legalized recreational marijuana. Numerous groups are clamoring for legalization recreationally, and simultaneously, the Florida laws that created a vertically integrated business model for distributing medical marijuana were rejected by Florida’s 1st District Court of Appeal. With Florida in […]
It appears that the old-school pioneers of Michigan’s cannabis industry could be left out of the wagon train as the industry prepares to open its first adult-use recreational marijuana stores by the end of 2019. Michigan’s Marijuana Regulatory Agency (MRA), which oversees both the medical and upcoming adult-use retail industries, released new rules in July. […]
Companies from every industry, from farms to food to cosmetic manufacturers, are joining the CBD rush. The result is that everyone, from regulators to customers, is trying to wrap their arms around this popular product, where, beyond a few cannabis-legal states (where the CBD market is strictly regulated and tested), the regulatory rules are minimal to […]
As a whole, the cannabis industry is already huge. However, as states continue to legalize cannabis for both medicinal and recreational use, analysts expect the market to continue to grow. According to Forbes, in 2018 alone, the cannabis industry brought in nearly $10 billion in sales while also generating millions more in tax revenue for […]
Canadian cannabis producers Tilray Inc and Aurora Cannabis Inc reported an increase in quarterly revenue last month, attributing the boost to increased demand. Canada was the first industrialized nation to legalize recreational cannabis in an effort to eliminate the black market, but continued growth in this industry is currently limited by lack of supply. When […]
After the company observed a change in public policy related to the cannabis industry, credit card processing company Square is positioning itself to create new opportunities for clients. The company has quietly, by invite-only, started beta-testing payment processing for companies that sell products containing hemp-derived CBD. Door Open, Door Closed Although hemp-derived CBD is now […]
Colorado Governor Jared Polis signed legislation May 29, repealing the provision prohibiting publicly traded corporations from holding marijuana licenses. The bill Polis signed into law, House Bill 1090, passed the House by a vote of 54-11 and passed the Senate 27-7. The legislation also served to open the state’s industry to outside investors. Some of […]
Federal officials from the Small Business Administration (SBA) met with members of the Senate Small Business and Entrepreneurship Committee, and questioned how current laws related to cannabis inhibit the ability to do business in states where it is legal. The discussions come as members of Congress work on legislation that would allow small business assistance […]
The passage of Oregon’s Senate Bill 852 on May 15 is a proactive move by state lawmakers and gives the governor latitude to approve the export and import of marijuana items between states. This is a strong indication that the state is preparing for interstate commerce with other states where marijuana is legal. The bill […]
The evolving cannabis regulatory climate in Nevada is starting to clear up a bit. Nevada Governor Steve Sisolak signed what had been dubbed a new ‘transparency law’ in Carson City on Friday. The law makes public the names and identities of who owns each cannabis license in the state of Nevada. Lawsuits filed before the […]
