Marijuana Politics

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Wed
23
Jun

Massachusetts Cannabis Commission Fines Tilt Holdings, Ayr Strategies

The Massachusetts Cannabis Control Commission fined both TILT Holdings Inc. (CSE: TILT) (

Wed
23
Jun

California Injecting $100 Million Into State's Struggling Legal Cannabis Industry

A new measure, proposed by Gov. Gavin Newsom, was approved by the California Legislature on Monday and aims to help legal cannabis operators acquire permanent licenses.

According to Newsom’s office, about 82% of the state’s legal operators still hold provisional licenses as of April 2021. These provisional licenses are due on Jan. 1, 2022.

Dealing with the bottleneck

While adult-use cannabis was made legal in the Golden State in 2016, most growers, retailers and manufacturers have been unable to transition from provisional licenses to permanent ones, which need to be renewed on an annual basis. 

This is due to the high cost of auditing operations to comply with environmental regulations, according to a report by the Los Ageles Times.

Wed
23
Jun

Louisiana: Governor Signs Bill into Law Repealing Ban on Medical Cannabis Flower

Louisiana Governor John Bel Edwards (D) has signed legislation into law, House Bill 391, repealing the state’s ban on herbal cannabis for medically authorized patients.

Wed
23
Jun

Missouri Cannabis Activists to Unveil Adult Use Initiative for 2022

Backers of Missouri's successful 2018 ballot measure that legalized medical marijuana say they plan to unveil their next effort — an initiative petition targeting the 2022 ballot to legalize recreational use — by the end of June.

The timing will allow signature collection to begin in August, says John Payne, though he declined to specify details on possession and cultivation limits while the campaign's drafting committee is still finalizing the petition.

Wed
23
Jun

CannTrust's former CEO and two directors charged with fraud over unlicensed pot growing scandal

Fraud charges have been laid against CannTrust Holdings Inc.’s former chief executive Peter Aceto and two former directors, all of whom face possible jail time of up to five years if found guilty in a sweeping quasi-criminal case led by the Ontario Securities Commission.

Company co-founder and former board chair Eric Paul and former director Mark Litwin are also charged with insider trading following a months-long investigation by Canada’s largest capital markets regulator. The OSC moved in following blockbuster revelations in the summer of 2019 that a Health Canada inspection of the publicly traded company uncovered unlicensed cannabis growing at its Pelham, Ont. facility.

Wed
23
Jun

The Increase in Dispensary Crime Just Reaffirms the Need for Cannabis Banking

Despite most states legalizing cannabis in some form, it is still federally illegal. So many banks, credit unions, and lenders refuse to conduct business with licensed cannabis companies out of fear of federal retaliation.

Wed
23
Jun

Is California Going To Ban Delta-8 THC?

Proposed legislation will likely prohibit hemp products from containing more than .3% of any kind of THC, including delta-8. This will make the market for such products very small, or non-existent.

Wed
23
Jun

Connecticut Officially Legalizes Recreational Marijuana

After years of flirting with marijuana legalization, the state of Connecticut is finally ready to make it official.

Today, the state’s governor Ned Lamont signed legislation that legalized recreational pot use for adults aged 21 and older. The new law will officially take effect on July 1. However, retail sales aren’t expected to begin until 2022.

Lamont added his signature to a bill that finally cleared the necessary legislative hurdles last week.

Tue
22
Jun

Colorado May Pass a Bill to Restrict The Marijuana Industry

When you think of liberal cannabis laws, Colorado is probably near the top of the list. However, according to a recent MJBizDaily article, the Colorful State will likely add restrictions to their marijuana industry, pending the signature of Gov. Jared Polis. If passed, House Bill 1317 would:

 

Tue
22
Jun

What's Next As Connecticut Looks Ahead Toward Legal Cannabis

Connecticut is poised to become the 19th state to legalize adult, recreational use of cannabis, now that a long-awaited bill has cleared the General Assembly and Democratic Gov. Ned Lamont has said he'll sign it into law. While it will be legal as of July 1 for adults 21 years and older to possess up to 1.5 ounces (42.5 grams) of marijuana, it's likely going to take at least a year before an industry is up and running.

Here's a look at what to expect:

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