New York unveiled a pioneering new plan earlier this month as it prepares to launch its new adult-use cannabis program later this year, with the first round of retail licenses reserved for individuals previously convicted of a pot-related charge, or who have relatives with a cannabis conviction. But while... Read more
Lawmakers in Louisiana are considering a bill that could put minors behind bars for possessing even small amounts of pot, less than a year after the state enacted legislation to end jail time for low-level cannabis possession convictions. The measure, House Bill 700, was introduced in the Louisiana House... Read more
NCIA’s editorial department continues the Member Spotlight series by highlighting our Social Equity Scholarship Recipients as part of our Diversity, Equity, and Inclusion Program. Participants are gaining first-hand access to regulators in key markets to get insight on the industry, tips for raising capital, and advice on how to access and utilize... Read more
Last month, New York regulators made waves after sending cease and desist letters to more than 50 operators who were allegedly selling marijuana illegally. These “grey market” businesses have cited language in the new state cannabis law that allows “gifting” as a loophole to sell weed without a license. Under New... Read more
The Arizona Department of Health Services will hold a drawing next week for social equity marijuana establishment licenses. 1,500 people applied for 26 licenses. The social equity licenses are required by the same ballot measure that legalized marajuana in 2020. Jonathan Udell is with Arizona NORML, an organization that... Read more
Two tribal communities have been reassured they’ll be able to take part in New Mexico’s marijuana market opening in April without the threat of federal law enforcement interference on tribal land, according to agreements with state cannabis regulators signed on Friday. The agreements outline plans for cooperative oversight of... Read more
On March 24, the Michigan Department of Treasury announced that $42.2 million in cannabis excise tax funds will be given to various cities, townships and counties in Michigan. These funds were collected during the 2021 fiscal year, with eligible municipalities and counties receiving funds for having retail stores or... Read more
Marijuana aficionados and entrepreneurs across New Mexico are bracing for the April 1 start of state-regulated retail marijuana. New Mexico joins 17 other states that have legalized recreational marijuana without significant legal challenges. The start date for sales ushers in a new era for cannabis as big business with... Read more
Planet 13 Announces Q4 and Full Year 2021 Financial Results Q4 2021 revenue of $29.9 million, up 48% compared to Q4 2020 Q4 2021 net loss of $5.1 million, compared to net loss of $18.2 million in Q4 2020 Q4 2021 Adjusted EBITDA1 of $1.9 million Full year 2021... Read more
SANTA FE, N.M. (AP) — Marijuana aficionados and entrepreneurs across New Mexico are bracing for the April 1 start of state-regulated retail marijuana. New Mexico joins 17 other states that have legalized recreation marijuana without significant legal challenges. The start date for sales ushers in a new era for... Read more