Maine
State marijuana reforms could spark tens of millions of dollars in business opportunities
State marijuana reforms could spark tens of millions of dollars in business opportunities Pro-cannabis legislative reform has advanced in a number of states in 2018, with major business developments occurring in Florida, Pennsylvania, New Jersey and other markets. The legislative changes and resulting program expansions could potentially boost medical marijuana sales by tens of millions […]
Maine’s first medical marijuana convenience store opens for business
Maine’s first medical marijuana convenience store opens for business What is believed to be Maine’s first medical cannabis convenience store is scheduled to open in Portland this week. Atlantic Farms Gas N’ Grass says it will sell cannabis-infused gummies, tinctures and smokable marijuana on Thursday, the first day Maine’s new sweeping medical marijuana law takes […]
Maine’s recreational cannabis timeline in flux after consulting firm let go
Maine’s recreational cannabis timeline in flux after consulting firm let go Maine’s timeline for launching sales of adult-use marijuana is uncertain now that the state has withdrawn from a contract with BOTEC, a Los Angeles consulting firm hired to help craft the program’s rules. The renewed uncertainty poses yet more logistical and financial hurdles for […]
Maine chooses Metrc for cannabis seed-to-sale tracking
Maine chooses Metrc for cannabis seed-to-sale tracking Maine officials said the state signed a three-year, $150,000 contract with Florida-based Franwell to use its Metrc system to track the growth and distribution of marijuana products. The service will be used initially in Maine’s existing medical cannabis program, regulators said, and eventually in the state’s recreational program, […]
Maine seeks new consultant to draft adult-use marijuana program’s rules
Maine seeks new consultant to draft adult-use marijuana program’s rules Maine released a request for proposals this week that said it’s again looking for a consultant to help put a regulatory structure in place for the state’s long-delayed, adult-use cannabis marketplace. Last week, Maine upended the state’s timeline for legal marijuana sales when it withdrew […]
Seed-to-sale problem halts recreational sales at Boston-area marijuana store
Seed-to-sale problem halts recreational sales at Boston-area marijuana store A Boston-area marijuana store had to temporarily stop selling adult-use cannabis flower because of an issue with Massachusetts’ seed-to-sale traceability system, Metrc. Alternative Therapies Group (ATG) in Salem halted recreational cannabis sales because the store’s inventory data had become corrupted in Metrc, The Boston Globe reported. It’s unclear […]
Week in Review: Maine’s rec cannabis progress, John Boehner’s reversal & tech giant’s MJ interest
Week in Review: Maine’s rec cannabis progress, John Boehner’s reversal & tech giant’s MJ interest Maine moves a step closer to rolling out recreational marijuana, former U.S. House Speaker John Boehner does an about-face on MJ legalization, and Hewlett-Packard becomes the latest big corporation to enter the cannabis industry. Here’s a closer look at some […]
Chart: Medical marijuana patient counts, sales tumble in Maine
Chart: Medical marijuana patient counts, sales tumble in Maine With adult-use sales still at least a year out in Maine, the gray market for cannabis is burgeoning – largely at the expense of the state’s regulated medical marijuana industry. Sales of MMJ through Maine’s eight licensed dispensaries fell by over $2 million in 2017 – […]
Maine lawmakers sign off on recreational cannabis bill
Maine lawmakers sign off on recreational cannabis bill The Maine state House and Senate have approved legislation to allow legal adult-use marijuana sales in the state, likely by 2019 or 2020. According to the Portland Press-Herald, lawmakers apparently have enough support to override a potential veto by Republican Gov. Paul LePage, who torpedoed an earlier rec […]
Maine governor pledges veto of new rec cannabis implementation bill
Maine governor pledges veto of new rec cannabis implementation bill Maine Gov. Paul LePage indicated that he’ll again veto legislation to implement the 2016 voter-approved recreational marijuana industry in his state. According to the Portland Press-Herald, LePage said he’ll strike down the bill – passed by the full Maine Legislature last week – because the […]
Maine lawmakers override governor’s veto of recreational marijuana bill
Maine lawmakers override governor’s veto of recreational marijuana bill After fits and starts owing to political squabbles, Maine is moving forward to launch its adult-use marijuana market, likely by 2019 or 2020. State lawmakers on Wednesday voted overwhelmingly to override Gov. Paul LePage’s veto last week of a recreational MJ implementation bill. Maine lawmakers override governor’s […]
Maine panel moves to delay medical marijuana rules
Maine panel moves to delay medical marijuana rules A Maine legislative panel wants to delay medical marijuana rules that would crack down on caregivers, who are playing an increasing role in the state’s MMJ industry. The Legislature’s Health and Human Services Committee unanimously voted to support a bill to delay regulations that caregivers say could […]
Maine governor vetoes recreational cannabis implementation bill
Maine governor vetoes recreational cannabis implementation bill Maine Gov. Paul LePage on Friday vetoed legislation to implement a voter-approved recreational marijuana industry in the state. It’s the second time the Republican governor has vetoed an implementation bill since voters approved adult-use marijuana in 2016. “It’s disappointing, but he made it clear to the Legislature that […]
Maine’s largest hemp grower eyes blueberry plant for processing site
Maine’s largest hemp grower eyes blueberry plant for processing site The largest hemp cultivator in Maine has identified a former blueberry processing plant as its future extraction site. Future Farm Maine – a subsidiary of Vancouver, British Columbia-based Future Farm Technologies – has signed a two-year lease for 12,960 square feet of the 60,000-square-foot building […]
Week in Review: CA cannabis rollout hinders sales, Arizona mulls MMJ testing & Maine rules delayed
Week in Review: CA cannabis rollout hinders sales, Arizona mulls MMJ testing & Maine rules delayed Scotts Miracle-Gro says California’s slow implementation of marijuana regulations is hurting sales, Arizona considers medical cannabis testing, and Maine’s governor delays MMJ regulations. Here’s a closer look at some notable developments in the marijuana industry over the past week. […]
Maine governor delays implementation of medical marijuana regulations
Maine governor delays implementation of medical marijuana regulations Following the lead of a key legislative committee, Maine Gov. Paul LePage has halted implementation of regulations for the state’s medical marijuana market. The rules would have gone into effect Thursday, but LePage delayed them until May so the Health and Human Services Committee can draft a new […]
Florida bank gives notice it’s closing medical marijuana group’s account
Florida bank gives notice it’s closing medical marijuana group’s account A Florida bank is moving to close the account of a medical cannabis advocacy organization. SunTrust Bank notified the Tallahassee-based Medical Marijuana Business Association of Florida (MBAF) last week that it will close the industry lobbying group’s account on April 18, citing the best interests […]
Cannabis group Cansortium raises $56 million-plus ahead of IPO
Cannabis group Cansortium raises $56 million-plus ahead of IPO Miami-based Cansortium, a vertically integrated cannabis operator, said it raised just over $56 million in funds ahead of its initial public offering (IPO). The company will use the net proceeds for continued expansion of its medical cannabis operations in Florida, Michigan, Pennsylvania, Texas, Puerto Rico, Canada […]
West Virginia law clears path for medical marijuana banking
West Virginia law clears path for medical marijuana banking West Virginia’s governor signed a medical cannabis banking bill into law that will allow financial institutions in the state to bid on providing banking services for MMJ businesses, clearing an obstacle to the rollout of the state’s program. House Bill 2538, which Gov. Jim Justice signed […]
Week in Review: Connecticut medical marijuana hopefuls, PA suit & Florida hits 100,000 patients
Week in Review: Connecticut medical marijuana hopefuls, PA suit & Florida hits 100,000 patients Connecticut receives dozens of applications from aspiring medical cannabis entrepreneurs, a Pennsylvania court tosses a lawsuit that could have undone the state’s medical marijuana program, and Florida hits 100,000 MMJ patients. Here’s a closer look at some notable developments in the marijuana […]
License applications rolling in as Connecticut adds medical cannabis dispensaries
License applications rolling in as Connecticut adds medical cannabis dispensaries Businesses are rushing to capitalize on Connecticut’s mushrooming medical marijuana market. Regulators have received more than 70 marijuana dispensary applications after deciding to expand the tightly controlled market from nine outlets to as many as 19, according to The Hour newspaper. The new licenses will […]
19 attorneys general urge Congress to give cannabis states access to banking
19 attorneys general urge Congress to give cannabis states access to banking A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as […]
Week in Review: Rescheduling marijuana in NJ, Cleveland’s limits on MMJ locations & FDA + CBD
Week in Review: Rescheduling marijuana in NJ, Cleveland’s limits on MMJ locations & FDA + CBD A New Jersey court tells the state to review how it classifies marijuana, Cleveland imposes strict limits on where MMJ companies can locate, and the FDA issues warnings to CBD producers. Here’s a closer look at some notable developments […]
Chart: Connecticut’s medical marijuana patient count is skyrocketing
Chart: Connecticut’s medical marijuana patient count is skyrocketing Connecticut isn’t the biggest medical marijuana market in the United States, but like plenty others, it’s experiencing massive growth. In just the past 12 months, the state’s registered MMJ patient count has shot up 46%. The number of registered medical cannabis patients has gone from 17,769 in […]
Connecticut doctors deny medical marijuana in opioid addiction fight
Connecticut doctors deny medical marijuana in opioid addiction fight A board of physicians in Connecticut rejected the addition of opioid addiction as a condition treatable by medical marijuana but added degenerative spine disease to the qualifying list. That makes seven total conditions that are pending review by state regulators. If the seven are added, Connecticut will […]
Connecticut retailers, growers at odds on how to serve growing medical cannabis demand
Connecticut retailers, growers at odds on how to serve growing medical cannabis demand Connecticut’s medical marijuana growers and retailers are at loggerheads over the state’s plan to expand its MMJ program to meet growing consumer demand for products. The state has proposed adding up to 10 more dispensaries to serve Connecticut’s growing patient pool, an […]
Connecticut adds eight conditions to medical marijuana treatment list
Connecticut adds eight conditions to medical marijuana treatment list Connecticut added eight ailments to the list of conditions that can be treated with medical cannabis, including muscular dystrophy and intractable headaches. The Register Citizen reported that the state legislature’s Regulation Review Committee voted unanimously Tuesday to add the new conditions, which is a move that […]
Connecticut regulators double medical marijuana dispensaries to 18
Connecticut regulators double medical marijuana dispensaries to 18 Connecticut regulators approved nine medical marijuana dispensary licenses, doubling the current number. The new dispensaries were selected from 73 applications as part of a competitive scoring process. The additional licenses come at a time when the state’s MMJ program is growing steadily, from 8,228 patients in January 2016 […]
Week in Review: NV cannabis licensing gripes, Connecticut permits more MMJ dispensaries & Q3 earnings roundup
Week in Review: NV cannabis licensing gripes, Connecticut permits more MMJ dispensaries & Q3 earnings roundup Nevada issues 61 additional provisional recreational marijuana retail permits, Connecticut doubles the number of medical cannabis dispensary licenses in the state, and some publicly traded MJ firms release third-quarter results. Here’s a closer look at some notable developments in […]
Green Thumb signs $80M deal to acquire Connecticut medical marijuana firm
Green Thumb signs $80M deal to acquire Connecticut medical marijuana firm Green Thumb Industries (GTI), a vertically integrated, multistate cannabis company, signed a definitive agreement to acquire Connecticut’s Advanced Grow Labs in a deal valued at roughly $80 million. Advanced Grow Labs, one of only four licensed medical marijuana cultivation and processing companies in the state, […]