Ohio Medical Cannabis Business & Marijuana Legal News

Ohio Supreme Court Weighs MMJ Rule Change for Lawyers

The Ohio Supreme Court signaled Wednesday it might rewrite its ethics rules to permit lawyers in the state to help medical marijuana businesses, a move that would no doubt be welcomed by MMJ entrepreneurs and attorneys. Earlier this month, the state supreme court’s Board of Professional Conduct issued a non-binding but influential advisory opinion warning that […]

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Ohio MMJ market could generate $200M-$400M in sales

Ohio’s medical cannabis industry could eventually generate between $200 million and $400 million in annual retail sales via dispensaries once the market matures, according to preliminary estimates by Marijuana Business Daily. That would translate into as much as $23 million in taxes for Ohio if state sales taxes of 5.75% are applied. “Many rules and […]

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Ohio Supreme Court Delivers Blow to State’s MMJ Lawyers

The Ohio Supreme Court’s Board of Professional Conduct has determined that local lawyers who help marijuana entrepreneurs launch their businesses or offer advice would be violating its code of professional conduct. The non-binding, advisory decision is a blow to prospective cannabis entrepreneurs who want to set up a medical cannabis business in the state – […]

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Ohio Towns Move to Block Medical Cannabis Businesses

Several Ohio municipalities are moving to block marijuana businesses from opening within their borders as the state moves forward with its medical cannabis program. A few cities have put six-month moratoriums on marijuana dispensaries, growers and processors, while several others have similar legislation in the works, according to Cleveland.com. Ohio’s medical marijuana law goes into effect […]

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Could Ohio solve the cannabis industry’s cash-only problem?

By Omar Sacirbey Could Ohio wean the marijuana industry from its need to do business in cash? Ohio’s new medical marijuana law proposes a “closed-loop” payment processing system. It would be similar to pre-paid debit or gift cards. Regulators must still decide whether to use the system.

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Lawmaker: Minority Stipulation in Ohio MMJ Law Unconstitutional

Ohio’s new medical cannabis program is at least partially unconstitutional, according to a key lawmaker, the Associated Press reported Monday. The problematic provision legally requires that at least 15% of the state’s MMJ licenses be awarded to one of four economically disadvantaged minority groups – Hispanics, Asians, African Americans or Native Americans, the AP reported. […]

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Ohio proposes cashless system for medical cannabis businesses

Could Ohio have a solution to the marijuana industry’s cash-only problem? The state’s new medical marijuana law proposes a closed-loop payment processing system that would rely on something similar to pre-paid debit or gift cards, according to Cleveland.com. Legal marijuana companies have had to rely on cash-only transactions because banks, credit unions and credit card […]

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Ohio Lawyers Face Medical Cannabis Conundrums

Lawyers in Ohio have submitted at least two requests to the state Supreme Court’s Board of Professional Conduct to determine whether local attorneys can own or represent medical marijuana businesses, and whether they can use MMJ themselves. Under Ohio’s new medical cannabis law, licensed professionals, which include attorneys, cannot be punished “solely for engaging in professional or […]

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Ohio Governor Signs Medical Cannabis Bill Into Law

The ink is now dry on an Ohio bill legalizing medical marijuana, making the state the 26th to join the MMJ fold and putting the country past the halfway mark for states that have approved viable medical cannabis programs. Ohio Gov. John Kasich signed the legislation into law with little fanfare, Cleveland.com reported Wednesday afternoon. Ohio […]

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