Marijuana Legalization and Regulatory News for Cannabis Businesses

Switzerland’s recreational cannabis pilot program will allow only organic products

Switzerland’s?lower house health commission cleared the way for a limited pilot?program to allow the legal production and distribution of recreational marijuana. The move is not intended to be a first step toward full legalization. The general recreational cannabis prohibition will continue. The results of the experiment will be used for future evidence-based cannabis policy, although […]

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Some struggling US cannabis companies may look to Canada for possible bankruptcy protection

With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure?are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin,?special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]

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Which California city might show the way forward for cannabis social equity in the state?

Some marijuana industry watchers are keeping a close eye on Sacramento, California, as a possible example that other municipalities in the state could follow as they look to expand or develop new social equity plans. California cities, including Sacramento, have struggled to fulfill the ideals behind social equity even?as marijuana businesses in the state also […]

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Rhode Island governor presses for adult-use cannabis legalization to keep pace on East Coast

Rhode Island’s governor is pitching an unconventional recreational marijuana legalization plan centered on state-owned stores operated by private contractors, which would offer modest business opportunities for cannabis entrepreneurs. The move reflects growing pressure?to legalize adult-use cannabis along the East Coast?after?Massachusetts launched its recreational marijuana industry in 2018. It also dovetails?legalization efforts by governors in Connecticut, […]

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Week in Review: US House members reach out to Senate on marijuana banking, Cresco gets $200M in debt financing, Denver MJ store burglaries & more

Sponsors of the cannabis banking bill that passed the U.S. House appeal to the chair of a key U.S. Senate panel, lenders provide Cresco Labs $200 million in debt financing, police urge Denver marijuana store owners to take added security measures –?and more of the week’s top MJ business news. Marijuana banking reform The four […]

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Alaska licenses state-approved social cannabis consumption

Marijuana stores in Alaska will be among the first in the United States where state-sanctioned on-site consumption is permitted. Alaska regulators approved licenses for the first retail stores where customers can smoke or consume marijuana products. Some cities in other states have approved MJ consumption sites. For example, the City Council in Springfield, Illinois,?recently approved?a […]

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Cannabis firms cautiously optimistic New York could legalize adult-use sales this year

New York Gov. Andrew Cuomo has revived the prospects for legalizing recreational marijuana sales in 2020 through the state’s Legislature, but cannabis businesses are taking a tentative approach after legalization efforts failed a year ago and similar sticking points remain. If the state approves adult-use cannabis sales, it is expected to create a multibillion-dollar recreational […]

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US House lawmakers make marijuana banking reform pitch to key senator

The four lead sponsors of the successful cannabis banking bill in the U.S. House of Representatives are urging the chair of a key U.S. Senate panel to work in partnership to move the issue forward in the Republican-controlled Senate. In a letter released Tuesday, the four representatives praised Senate Banking Chair Mike Crapo, an Idaho […]

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Week in Review: US lawmakers call for more marijuana research, some Cresco Lab employees in IL unionize, Trulieve addresses short sellers & more

U.S. lawmakers and experts tell a congressional panel that the federal government needs more cannabis research, some marijuana employees in Illinois vote to unionize, Trulieve refutes a short-seller report – and more of the week’s top MJ business news.   What’s the role of expanded marijuana research in federal reform? With strong bipartisan support, lawmakers […]

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Rhode Island governor proposes adult-use marijuana in budget

Rhode Island Gov. Gina Raimondi is proposing to legalize recreational cannabis, despite opposition from legislative leaders. Her annual budget proposal would create an adult-use MJ program controlled by the state. The first marijuana stores would open in March 2021. Under the Democratic governor’s plan, the state would: Determine the location of retail facilities. Control inventory […]

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