Aurora Cannabis Sold 9 Tons of Marijuana Last Quarter

Aurora Cannabis sold a ton of weed last quarter. Nine metric tons, in fact. Like the other Canadian pot producers reporting earnings Tuesday, Aurora increased sales strongly in its March quarter. Investors had worried that the recreational marijuana market was off to a slow start in Canada, but on Tuesday evening... Read more
Here’s what happens if the TSA catches you with marijuana at Logan Airport

The Transportation Security Administration has a message for marijuana consumers: We won’t look for your pot, but if we find it, we can’t ignore it either. It’s a clarification the federal agency wanted to make clear as more states legalize marijuana in some form. “Are we cool? We like... Read more
ICYMI: Phase 3 Marijuana Retail Licensing in L.A. Shoots to Commence in September

In case you missed it, at the end of last month, the City of L.A. finally decided on what to do with Phase 3 cannabis licensing regarding retail and retail delivery (see here and here for the City’s newest ordinances). In addition, City Council instructed the Department of Cannabis Regulation (“DCR”) to begin the pre-vetting process for social…

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People spent more money on marijuana in March 2019 than any other month since recreational marijuana sales began nearly five and a half years ago.  According to data released by the Colorado Department of Revenue, sales of recreational and medical marijuana exceeded $142.4 million in March, over $1 million more... Read more
Some California cities would be forced to allow marijuana sales under bill to triple pot shops in state

Escalating a feud with cities over marijuana, state lawmakers are pushing to require municipalities to lift bans on cannabis stores if voters there supported Proposition 64, the 2016 initiative that legalized sale of the drug for recreational use in California. A bill moving through the Legislature would require those... Read more
N.J.’s marijuana bill nearly ‘dead.’ That means you may get to vote on making weed legal.

It’s now all but certain that New Jersey voters, and not lawmakers, will decide whether to legalize recreational marijuana in the state, three legislative sources confirmed to NJ Advance Media late Thursday. A plan for the state Legislature to vote on a bill that would make recreational pot legal for those... Read more
38 Attorneys General Ask Congress To Bring Marijuana Money Into Banking System

The attorneys general of 38 states and territories sent a letter to congressional leaders on Wednesday, urging them: Please, let us bank the money generated by the country’s booming cannabis business. Most states and several U.S. territories have legalized medical marijuana, and 10 states and the District of Columbia have legalized... Read more
The 10 Best Marijuana Stocks in April

Believe it or not, marijuana stocks proved fallible in April. Although spring typically brings the green, the Horizons Marijuana Life Sciences ETF, a broad-based cannabis fund holding around four dozen pot stocks of various weightings, lost 1.6% during the month of April. Then again, don’t start crying the blues for... Read more
Colorado’s Marijuana Laws Are About to Change…Big Time

Coloradans voted for major change in November 2012, when they approved Amendment 64 and legalized recreational cannabis. Now Colorado lawmakers have approved changes that will prove almost as momentous. Measures opening the state to social pot use and commercial cannabis delivery, as well as approving new medical conditions for... Read more
Top Five Things to Know if You’re Building Your Cannabis Empire Through M&A

It’s no secret that multiple state-by-state operators are building their cannabis empires through aggressive mergers and acquisitions (“M&A”). Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. Cannabis M&A is not your run-of-the-mill business dealing though, and working from boilerplate,…

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