An icy breeze blows off the shores of Seneca Lake, rattling the glass panes of the Cornell University greenhouse in Geneva, a small city in the northern Finger Lakes about an hour east of Rochester. Inside the greenhouse — part of Cornell’s AgriTech satellite campus — it is warm... Read more
Activists in Arizona plan to submit petitions this week that would put a proposal to legalize the recreational use of cannabis on the November ballot, while in Nebraska a similar drive to legalize medical marijuana is also winding down. In the Grand Canyon State, supporters of the Smart and... Read more
This week, Illinois announced that the state is temporarily suspending the deadline it had planned on for giving out adult-use cannabis grower licenses and cannabis transported licenses. According to an official executive order from Gov. JB Pritzker, by the powers vested in me as the Governor of the State... Read more
Los Angeles is revamping its rules for handing out licenses to cannabis businesses, amid anger and disappointment over the tumultuous rollout of a program meant to address the damage done by criminalizing marijuana. The rules passed unanimously Wednesday by the Los Angeles City Council tighten the criteria for new... Read more
A measure to legalize adult use of recreational marijuana in Arizona filed 420,000 signatures to qualify for the ballot in November, officials reported Wednesday. Technically, the measure needs 237,645 valid signatures to go in front of voters. While it’s common to file significantly more than required to withstand challenges... Read more
Finally, cannabis conviction pardons are coming to Colorado, one of the first states to fully legalize the plant. Colorado has long been under scrutiny for having a mostly white industry, but now, that may change. This past Monday, Governor Jared Polis signed a bill to mass-pardon those with minor... Read more
Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with Cresco Labs SAN DIEGO, July 1, 2020–(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 that... Read more
The New Jersey sales tax on medical marijuana will be cut to 4% on July 1, down from 6.625%, the first step in a three-year plan to phase out state taxes on medicinal cannabis purchases. On July 1, 2021, the state sales tax will be reduced even more —... Read more
Marijuana often demonstrates the ability to win over even the most conservative of individuals. That said, winning over the hearts and minds of America’s vast regions isn’t complete until cannabis endears itself to the nation’s most conservative citizens and lawmakers in the southeast. Recent activity indicates that it may... Read more
California local governments scrambling to find tax revenues during the coronavirus pandemic are turning toward an industry they had considered taboo until now: cannabis. It has been almost four years since voters legalized recreational marijuana in California, and nearly 70 percent of cities and counties have yet to embrace... Read more