While several segments have contracted, cultivators have taken the largest hit. While it’s no secret that California cannabis companies have been struggling for years, it wasn’t until this year that the legal marijuana market actually began to shrink noticeably. Now it’s down by almost 29%, according to permit statistics from the state’s Department of Cannabis […]
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Massachusetts cannabis businesses challenge constitutionality of federal drug laws
A group of Massachusetts weed businesses have filed a lawsuit seeking to bar the government from enforcing federal drug laws against state-regulated cannabis companies. They’re represented by the powerhouse law firm of David Boies, best known for high-profile litigation seeking the breakup of Microsoft, representing former Vice President Al Gore in the contested 2000 presidential election and […]
California Governor Vetoes Cannabis Cafe And Marijuana Labeling Bills, But Signs Others Into Law
California’s governor has dealt the cannabis industry and marijuana reform supporters a mixed bag of actions on bills. Gov. Gavin Newsom (D) over the weekend vetoed a measure to legalize cannabis cafes that supporters said would have given consumers new opportunities t0 socialize and allowed businesses to expand their operations. But he also vetoed marijuana packaging legislation […]
A landmark marijuana bill is headed to the Senate floor
The Senate Banking Committee approved a historic marijuana banking bill last week that breaks barriers between financial institutions and cannabis companies. The Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to resolve a longstanding financial deadlock that forced cannabis-related companies to operate using only cash, will now make its way to the Senate […]