Cannabis Industry & Marijuana Business Briefs

Connecticut closer to adding chronic pain for medical marijuana use

A Connecticut physicians panel recommended adding chronic pain that has lasted at least six months as a qualifying condition to use medical cannabis, which, if adopted, could provide a significant shot in the arm to the fast-growing market. The board of physicians also voted to recommend adding Ehlers-Danlos syndrome, a group of disorders that affects connective […]

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New Mexico medical cannabis growers sue over plant limits

Three New Mexico medical cannabis cultivation companies are challenging a plant-count limit the state’s regulators put in place, saying the cap puts constraints on the supply of medical marijuana to patients. G&G Genetics, Sacred Garden and Ultra Health joined together in filing a lawsuit against the state’s health department in response to the new rules […]

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Pennsylvania’s top prosecutor supports legalizing recreational marijuana

The legalization of adult-use marijuana in Pennsylvania – which likely could create a market worth more than a billion dollars a year according to Marijuana Business Daily estimates – received another boost as the state’s top law enforcement officer tweeted that he is joining several other state Democratic officials in backing the effort. ??ANNOUNCEMENT After […]

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Oklahoma credit union stops serving medical cannabis companies

A credit union serving Oklahoma’s medical marijuana industry decided to stop doing so, a move that affects nine accounts and deals a setback for the state’s MMJ companies. Tulsa-based Encentus Federal Credit Union told the Tulsa World that serving the MMJ industry was too costly and the regulatory burden too great. The credit union informed […]

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WA to ban flavored vaping products containing marijuana, tobacco

Washington Gov. Jay Inslee ordered state health officials to impose an emergency ban on all flavored vaping products for both e-cigarettes and those containing THC, impacting one segment of the market. The ban will take place after the state Board of Health uses its emergency authority during its next meeting on Oct. 9. It would […]

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US Senate panel chair: Cannabis banking reform prospects looking up

The chair of a key U.S. Senate panel is optimistic about the prospects for a cannabis banking bill following bipartisan approval of legislation in the House. Such a bill, if it passes the Senate and is signed into law, would open up the banking floodgates for state-lawful marijuana businesses, which now deal mostly in cash. […]

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Cresco Labs to sell marijuana facilities to REIT for $46.3M under leaseback deal

Chicago-based Cresco Labs will sell two cultivation and processing facilities in Illinois to Innovative Industrial Properties, a real estate investment trust company (REIT), for $46.3 million as the multistate operator prepares for a “significant increase in demand” when recreational marijuana sales become legal in the state Jan. 1. The facilities, which will continue to be […]

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Additional medical marijuana licenses put on hold in Maryland

Maryland medical marijuana regulators put plans to award an additional four cultivation and 10 processing licenses on hold, in wake of a judge’s temporary restraining order barring the state from issuing licenses until Oct. 7. The Maryland Medical Cannabis Commission was scheduled to announce the winners on Thursday. Instead, Commission Chairman Brian Lopez said the […]

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California water board sends warnings to cannabis growers

The California Water Boards sent at least 270 letters to farmers in the Emerald Triangle, warning them to come into compliance with regulations or face possible fines and even the loss of their cultivation licenses. The agency posted on Twitter that its Division of Water Rights’ Cannabis Enforcement Section sent the letters to “residents in Trinity, Humboldt […]

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