The Marijuana Regulation and Taxation Act allows limited home cultivation of medical cannabis. But it also specifies that patients will not enjoy that right until after the Office of Cannabis Management issues regulations governing it, which it was obligated to do “no later than six months after the effective... Read more
The Illinois cannabis market is booming. Adult-use sales alone have exceeded $100M for six months running, and no doubt September will follow as both July and August topped $120M in sales. The state will eventually fix the many problems snarling the application and lottery process, driving sales higher. Surrounded... Read more
Cresco Labs Shifts to Owned-Brand Distribution in California to Increase Profitability, Reduces Third Party Distribution CHICAGO, September 30, 2021–(BUSINESS WIRE)– Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the decision... Read more
It was recently announced that 60,000 cannabis convictions will be dismissed in Los Angeles, California. Los Angeles County District Attorney George Gascón and The Social Impact Center, which is a nonprofit organization with ties to government, grassroots organizations and people in underserved communities, are behind the dismissals. The decision... Read more
Video: At a Glance – Highlights from #MWCannaBizCon! | Advocacy / Community / Education Related Posts NCIA is leading the cannabis industry’s unified and coordinated campaign to ensure our business sector is treated fairly and has the opportunity to reach its full potential. Now – more than ever –... Read more
The nation’s largest prosecutor’s office is moving to dismiss roughly 60,000 marijuana convictions, the latest step to undo what some reform advocates consider the damage caused by narcotics enforcement carried out before Californians voted to legalize marijuana, Los Angeles County Dist. Atty. George Gascón announced Monday. Under previous Dist.... Read more
New York Governor Kathy Hochul last week announced appointments to a board that will help implement and enforce the state’s regulated cannabis industry. On Wednesday, Hochul said that Reuben R. McDaniel, III and Jessica Garcia had been appointed to the Office of Cannabis Management, which will “create and implement... Read more
A federal grant will help fund a study on the medical cannabis program in Arkansas. Thanks to $1.3 million courtesy of the National Institute on Drug Abuse, which is part of the National Institutes of Health, researchers affiliated with the University of Arkansas for Medical Sciences (UAMS) and Arkansas... Read more
Innovative Industrial Properties Expands Long-Term Real Estate Partnership With Goodness Growth Holdings in New York SAN DIEGO, September 27, 2021–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today... Read more