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Finance
California Regulators Offer 60-Day License Fee Deferrals to Cannabis Businesses During COVID-19 Pandemic
The deferrals, which apply to businesses with state licenses that expire between now and June 30, are meant to provide financial assistance to licensees affected by the coronavirus crisis.
May 18, 2020
California Capitol Adobe Stock Credit Jpainting Resized
Legislation and Regulation
U.S. House Passes SAFE Banking Act as Part of New Coronavirus Relief Bill: UPDATE
The bill now heads to the U.S. Senate, which has never before passed cannabis banking legislation.
May 18, 2020
Capitol5 Pozdeevvs
Legislation and Regulation
U.S. House Includes SAFE Banking Act in New COVID-19 Relief Bill, Montana Cannabis Legalization Campaign Launches Signature Drive: Week in Review
This week, House lawmakers included legislative language from the SAFE Banking Act in new legislation aimed at economic relief amid the coronavirus pandemic.
May 16, 2020
Marijuana Leaves Adobe Stock Credit Capjah Resized
Finance
Terrace Global Announces Agreement With the Flowr Corporation to Jointly Develop Outdoor Medical Cannabis Project in Portugal
The agreement fast-tracks Terrace Global’s operations in Portugal and provides a foundation for future extraction in the E.U.
May 15, 2020
Finance
Maine Eliminates Residency Requirement for Adult-Use Cannabis Businesses
The state reached an agreement with a cannabis operator that repeals a rule requiring applicants to live in Maine for a minimum of four years.
May 14, 2020
Maine State House Adobe Stock Credit Chee Onn Leong Resized
Finance
CV Sciences Q1 Revenue Down 45% From Last Year
With fallout from COVID-19 among other challenges, the company has had to right-size its staff and cut back on salaries.
May 14, 2020
Legislation and Regulation
Newly Released Memo Advises DEA to Change Cannabis Research Regulations, Minnesota Lawmaker Introduces Adult-Use Legalization Bill: Week in Review
This week, a 2018 memo surfaced, indicating that the Drug Enforcement Administration’s practices have been non-compliant with international drug laws for decades.
May 9, 2020
Us Capitol Buildingand Flag Adobe Stock Credit Andrea Izzotti Resized
Legislation and Regulation
Cannabis Policy Advocates Urge Congress to Include Banking Reform in Next Coronavirus Relief Legislation
Advocates argue that the lack of banking access hinders social distancing efforts, increases risk of contagion, creates unnecessary financial hardship and presents other safety risks for essential businesses and patients.
May 8, 2020
Finance
The Green Organic Dutchman Receives Health Canada License Amendment for Valleyfield Hybrid Greenhouse
With all 24 zones now licensed, TGOD has the flexibility to quickly expand its operations at Valleyfield as the market develops.
May 7, 2020
Finance
Cresco Labs Completes Expansion of Cultivation and Manufacturing Facility in Pennsylvania
The expansion enables the company to triple its grow capacity and expands its manufacturing capabilities.
May 7, 2020
Finance
Oklahoma Collects Nearly $10 Million in Medical Cannabis Tax Revenue in April
April’s figures break the previous record of $7.8 million, which was set in March.
May 7, 2020
Oklahoma State Capital Building Adobe Stock Credit Justinbrotton Resized
Interviews & Opinion
Michigan’s Cannabis Industry Grapples with New Regulations Surrounding Caregiver Products
Last month, the state abruptly cut off adult-use dispensaries’ supply of caregiver cannabis, which could interrupt the overall supply chain until licensed cultivators and processors can meet consumer demand.
May 7, 2020
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