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News Daily
New Jersey lawmakers delay action on adult-use marijuana until 2019
December 14, 2018
New Jersey lawmakers won’t vote on legalizing adult-use marijuana before the end of the year after failing to reach a compromise deal. The failure likely means that legalization won’t be taken up again until 2019, dashing hopes for now that the state would be the first to establish a full-fledged recreational program through its Legislature. […]
Jeff Smith
US Senator plans to pitch measure to resolve cannabis’ legal, financial issues
December 14, 2018
U.S. Sen. Cory Gardner plans to introduce an amendment to a criminal justice reform bill that would fully protect state-legal marijuana programs as well as resolve banking and taxation issues that currently vex the MJ industry, his office confirmed Friday. The proposed amendment would be similar to language in the States Act, a bill co-sponsored […]
Jeff Smith
Ohio regulators ask for $2.1M to cover costs of medical marijuana lawsuits
December 14, 2018
Ohio’s medical cannabis regulators are asking for an additional $2.1 million from state funds to cover the legal fees incurred from lawsuits lobbed by companies that were denied MMJ licenses. By March 2018, at least three lawsuits had been filed against the state by eight medical marijuana companies. More details on the impact of the […]
Bart Schaneman
‘Severe supply shortage’ forces Ontario to start with only 25 cannabis retailers; licensed producers barred
December 14, 2018
Canada’s largest marijuana market is set to adopt a phased approach to cannabis retail due to “severe supply shortages across the country,” the Ministry of Finance announced Thursday, capping the early rollout to no more than 25 stores. The licenses will be issued by lottery, which the ministry described as a temporary model. The Alcohol […]
Matt Lamers
Massachusetts bank willing to accept deposits from some cannabis businesses
December 14, 2018
At least one bank in Massachusetts is willing to do business with medical marijuana companies. Swansea-based BayCoast Bank said it will take deposits from MMJ businesses, according to the Boston Business Journal. BayCoast Bank is offering to work with medical marijuana companies – as well as MMJ businesses that have entered the state’s new adult-use […]
Bart Schaneman
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