California Gov. Gavin Newsom announced Friday his new state budget proposal – called the California Comeback Plan – will include $100 million to alleviate a bureaucratic logjam that has left thousands of marijuana companies with so-called “provisional” business licenses in danger of shuttering at least temporarily. To give marijuana growers, retailers and other companies breathing room, Newsom also plans […]
Monthly Archives: May 2021
A former mayor of Fall River, Massachusetts, on Friday was convicted of corruption after prosecutors alleged he engaged in a bribery scheme in which he solicited payments from cannabis companies in exchange for permission to do business within the town’s boundaries. According to the Associated Press, ex-mayor Jasiel Correia engaged in “old school pay-to-play political corruption,” prosecutors […]
The Mississippi Supreme Court on Friday struck down a medical marijuana legalization initiative that voters had overwhelmingly approved last November, shattering a market that was potentially worth more than $250 million in its first year of operation. The loss is believed to mark the first time an MMJ initiative has been overturned after residents approved it at […]
Colorado regulators banned hemp-derived THC isomers such as delta-8 in foods, drinks and dietary supplements, but the status of marijuana-derived THC isomers wasn’t immediately made public. A notice issued Friday by the Colorado health department says that “chemically modifying or converting any naturally occurring cannabinoids from industrial hemp is non-compliant with the statutory definition of ‘industrial hemp […]
