Virginia First Southern State To Vote To Legalize Recreational Marijuana
Virginia stood poised to become the first Southern state to legalize marijuana after lawmakers approved a bill aimed in part at ending disparate treatment faced by people of color in the criminal justice system. The bill, sent to Gov. Ralph...
Michigan Prepares To Harness Free Market To Boost Social Equity Cannabis Business Ownership
The State of Michigan is on the verge of implementing the Solomonic solution for cannabis social equity that leverages the free market. Last month, the state’s Marijuana Regulatory Agency proposed creating the Michigan Marijuana Market, “a crowdfunding platform...
Idaho Senate Approves Constitutional Ban On Marijuana
The Idaho Senate has passed a resolution that bans the production, sale, and possession of cannabis in the state. The decision is in sharp contrast to what lawmakers and voters are doing in other states. If passed by the Idaho House of Representatives by a...
MRA Reminds Applicants of Upcoming License Eligibility Changes
The Marijuana Regulatory Agency (MRA) today issued a reminder that, beginning March 1, 2021, applicants are no longer required to hold an active medical marijuana license to be eligible for the following adult-use licenses: Marijuana Retailer, Marijuana Processor,...
California Marijuana Companies Face More State Tax Audits, Facing Millions Of Dollars In Unpaid Taxes
Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting that several audits of MJ businesses are already underway. As a result, many companies might...
Wrigley Chewing Gum Heir To Take Cannabis MSO Parallel Public Via $1.9 Billion Deal
Chewing gum heir William “Beau” Wrigley Jr., the CEO of Atlanta-based Parallel, struck a mammoth deal with an entertainment mogul to take the cannabis multistate operator public through a transaction that values the company at $1.9 billion. Ceres Acquisition...
Gage Cannabis And Cookies To Open Second Michigan Retail Location Feb. 26 In Kalamazoo
Gage Cannabis Co. announced that on Feb. 26 the company will host the grand opening of its Kalamazoo store, the second COOKIES provisioning center in Michigan. COOKIES, an international cannabis lifestyle brand founded by rapper and entrepreneur Berner, opened its...
Sales Of Cannabis Pre-Rolls Up Nearly 50 Percent In 2020 Despite Pandemic
Sales of cannabis pre-rolls surged nearly 50% last year in key recreational markets, defying expectations that the often-shared product would suffer during a global pandemic caused by a respiratory-related virus. Pre-rolls have become the second-fastest-growing...
Feds Shouldn’t Waste Resources On Marijuana Enforcement In Legal States, Biden AG Pick Says
President Joe Biden’s pick for attorney general said on Monday that it is not “a useful use of limited resources” to go after people who are complying with state marijuana laws. He also citied cannabis enforcement as an example of the racially discriminatory impact of...
New Jersey (Finally) Legalizes Recreational Cannabis
This is a great week for New Jerseyans, though many argue the celebration is long overdue. On Monday, Feb 22, Democratic New Jersey Governor Phil Murphy signed legislation that legalizes the retail sale of cannabis and removes criminal offenses for possession of up to...
