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Central Florida medical marijuana firm sold in $43M deal

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TALLAHASSEE, Fla. – A New York -based company has purchased a Central Florida pot operation for $43 million in cash and stock, amid expectations that the industry will explode following the voter-approved legalization of medical marijuana more than a year ago. iAnthus Capital Management purchased the assets of GrowHealthy Holdings, a Lake Wales marijuana operator affiliated with McCrory’s Sunny Hill …

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Medical Marijuana Sales Down In Colorado

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The State of Colorado released its full-year 2017 marijuana sales tax collections and the medical marijuana market continues to decline as users make the switch to recreational marijuana. The initial data showed that medical marijuana sales had slowed, but now the latest report demonstrates that sales are actually declining. Matt Karnes, founder of GreenWave Advisors said that his estimates were …

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Republicans introduce bill to expand medical marijuana in Tennessee

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Two Republicans are set to introduce a bill that would make Tennessee the latest state to allow medical marijuana. Rep. Jeremy Faison, R-Cosby, and Sen. Steve Dickerson, R-Nashville, filed the measure Thursday. The legislation would only allow oil-based manufactured products and would not permit the sale of raw cannabis, also known as marijuana, as is common in other states. As …

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Md. report supports help for minorities in medical marijuana business

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ANNAPOLIS (AP) — Data on discrimination in Maryland’s overall economy provides "a strong basis in evidence" to support helping businesses owned by women and minorities in the types of industries relevant to the state’s fledgling medical marijuana industry, a state report released Wednesday said. The report, released by Gov. Larry Hogan’s administration, was conducted by Jon Wainwright, an economist and …

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Canada’s Aurora to sell medical marijuana to Italy

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(Reuters) – Canada’s Aurora Cannabis Inc said on Thursday its German unit Pedanios won a contract to supply medical marijuana to the Italian market. Aurora, Canada’s second largest pot producer, will export medical cannabis into Germany through Pedanios, which will supply the Italian market through the Italian Ministry of Defence. Cannabis-based medicines are legal in several European Union countries including …

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New York to look at legalizing recreational marijuana

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LEGAL MARIJUANA IN 2018 LEGAL MARIJUANA IN 2018 LEGAL MARIJUANA IN 2018 ALBANY, N.Y. — New York will study whether it’s plausible to legalize marijuana for recreational use as neighboring states move ahead with it, Gov. Andrew Cuomo announced Tuesday. Cuomo called on lawmakers to approve funding for a feasibility study as part of his annual state budget address, in …

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Roadside drug testing won’t be random, won’t target medical marijuana, police say

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ANN ARBOR, MI – No, police say, they aren’t randomly selecting drivers to try out their new roadside drug testing pilot program. They aren’t targeting medical marijuana users either, just trying to make sure they aren’t driving impaired. Those were two points law enforcement officials attempted to convey during the latest session of the Washtenaw County Sheriff’s Office community education …

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Freetown hears proposal for medical marijuana dispensary

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FREETOWN — Representatives from two medical marijuana dispensaries came together Tuesday to present an official proposal to the town. “Our patients don’t fit the stereotypes or misconceptions. Every patient first visits their doctors. They then come to our dispensary with specific conditions to resolve. These conditions usually deal with pain,” said Jacques Santucci, one of the founders of Wellness Connection, …